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The global limestone market size was nearly 6.18 billion tons in 2023. The industry is further expected to grow at a CAGR of 4.7% over the forecast period of 2024-2032.
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The global limestone market is being driven by growing demand for the product in the construction and water treatment industries. The products of limestone have applications in various sectors. They are used to prepare drinking water, improve soil stability, remove acid gas from flue gases, and produce fertilisers and paints and varnishes. In lakes and soils, limestone can also be utilised as an alkali for neutralisation purpose.
North America is one of the most significant markets for the product. Within North America, growing construction activities and rebuilding of infrastructures such as bridges, buildings, and others in countries like the United States and Canada is propelling the regional market growth. The growing infrastructural activities in the emerging regions owing to rapid urbanisation and growing industrialisation is expected to provide lucrative growth opportunities to the global industry over the forecast period.
Limestone is a sedimentary rock, which contains calcium carbonate in the form of calcite. It is found beneath the earth’s crust and is abundant in nature as nearly 10% of the land is made up of limestone and similar rocks. It comprises of elements like calcium, carbon, and oxygen. Other minerals such as marble, dolomite, and chalk resemble limestone but have different chemical compositions.
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On the basis of type, the limestone market can be bifurcated into:
Based on the size, the limestone market is categorised into:
On the basis of end-use sector, the industry is segmented into:
The report also covers the regional limestone markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global limestone market is driven by the growing demand for the product in various end-use sectors, particularly construction. The growing construction industry is generating increased demand for limestone, which is used as a base material for the construction of roads, buildings, and other infrastructure. Further, crushed or powdered limestone is used in Portland cement, asphalt surface treatments, railroad ballast, road base, and structural fill. The usage of lime improves the soil condition and adhesive quality during construction and, also, adds long-term benefits to the properties of soil. Thus, growing investments into the development of roadways, highways, malls, buildings, houses and industrial sites across the globe is expected to drive the demand for the limestone and limestone-based products in the construction sector.
The properties of limestone such as high durability and strength and resistance to corrosion are enhancing its global market penetration. Further, in the chemical industry, limestone is utilised during the production of lime, ammonia, sodium bicarbonate, soda ash, and calcium carbide, among others. In desalination facilities, the limestone market is growing as it is used in the neutralisation of water content and is further used to treat industrial as well as mining wastewater.
Rapid industrialisation and the growth of the chemical manufacturing industry is expected to influence the market positively. Growing urbanisation in emerging economies, along with infrastructure development initiatives are propelling the market growth. Diverse applications of limestone and its easy availability is leading to its increased adoption in various industries. The growing mergers and acquisitions in the industry and increased investment by the key players are expected to contribute significantly to the global limestone market growth over the forecast period.
The report gives a detailed analysis of the following key players in the global limestone market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansion, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Size |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Limestone Market Analysis
8.1 Key Industry Highlights
8.2 Global Limestone Historical Market (2018-2023)
8.3 Global Limestone Market Forecast (2024-2032)
8.4 Global Limestone Market by Type
8.4.1 High Calcium Limestone
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Magnesian Limestone
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Limestone Market by Size
8.5.1 Crushed
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Calcined (PCC)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Ground (GCC)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Limestone Market by End Use
8.6.1 Construction Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Metallurgical Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Paper & Pulp Industry
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Chemical Industry
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Waste Water Industry
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Agriculture Industry
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Limestone Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Price Analysis
14.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Imerys
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Carmeuse
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mitsubishi Materials Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Limestone Market: Key Industry Highlights, 2018 and 2032
2. Global Limestone Historical Market: Breakup by Type (Billion Tons), 2018-2023
3. Global Limestone Market Forecast: Breakup by Type (Billion Tons), 2024-2032
4. Global Limestone Historical Market: Breakup by Size (Billion Tons), 2018-2023
5. Global Limestone Market Forecast: Breakup by Size (Billion Tons), 2024-2032
6. Global Limestone Historical Market: Breakup by End Use (Billion Tons), 2018-2023
7. Global Limestone Market Forecast: Breakup by End Use (Billion Tons), 2024-2032
8. Global Limestone Historical Market: Breakup by Region (Billion Tons), 2018-2023
9. Global Limestone Market Forecast: Breakup by Region (Billion Tons), 2024-2032
10. North America Limestone Historical Market: Breakup by Country (Billion Tons), 2018-2023
11. North America Limestone Market Forecast: Breakup by Country (Billion Tons), 2024-2032
12. Europe Limestone Historical Market: Breakup by Country (Billion Tons), 2018-2023
13. Europe Limestone Market Forecast: Breakup by Country (Billion Tons), 2024-2032
14. Asia Pacific Limestone Historical Market: Breakup by Country (Billion Tons), 2018-2023
15. Asia Pacific Limestone Market Forecast: Breakup by Country (Billion Tons), 2024-2032
16. Latin America Limestone Historical Market: Breakup by Country (Billion Tons), 2018-2023
17. Latin America Limestone Market Forecast: Breakup by Country (Billion Tons), 2024-2032
18. Middle East and Africa Limestone Historical Market: Breakup by Country (Billion Tons), 2018-2023
19. Middle East and Africa Limestone Market Forecast: Breakup by Country (Billion Tons), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
25. Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
26. Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
27. Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
28. Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
29. Global Limestone Market Structure
In 2023, the global limestone market attained a volume of nearly 6.18 billion tons.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The major drivers of the market are the growing construction sector, rising disposable incomes, increasing urbanisation, increased government investments in the infrastructure sector, and growing technological advancements.
The key trends guiding the growth of the market include the growing research and development activities and innovation of improved product formulations by the manufacturers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
High calcium and magnesian limestone are the major types of limestones available in the market.
The different categories based on the size of limestone are crushed, calcined (PCC), and ground (GCC).
The significant end uses of limestone include construction, metallurgical, paper and pulp, chemical, waste water, and agriculture industry, among others.
The key players in the global limestone market are Imerys, Carmeuse, and Mitsubishi Materials Corporation, among others.
The global limestone market attained a volume of 6.18 billion tons in 2023 driven by rapid urbanisation and the growth of the construction sector. Aided by the development of new product range and enhanced formulations, the limestone market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the limestone market can be segmented into high calcium and magnesian limestone. On the basis of size, the industry can be divided into crushed, calcined (PCC), and ground (GCC). On the basis of end-use segments, the industry can be categorised into the construction industry, metallurgical industry, paper and pulp industry, chemical industry, waste water industry, and agriculture industry, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Imerys, Carmeuse, and Mitsubishi Materials Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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