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Limestone Market

Global Limestone Market Analysis, Share, Trends, Forecast: By Type: High Calcium Limestone, Magnesian Limestone; By Size: Crushed, Calcined (PCC), Ground (GCC); By End Use: Construction Industry, Metallurgical Industry, Paper & Pulp Industry, Chemical Industry, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Limestone Market Outlook

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.

 

Limestone Market

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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.  

 

Properties and Applications

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.

 

Limestone Market by Type

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On the basis of type, the limestone market can be bifurcated into:

  • High Calcium 
  • Magnesian 

Based on the size, the limestone market is categorised into:

  • Crushed
  • Calcined (PCC)
  • Ground (GCC)

On the basis of end-use sector, the industry is segmented into:

  • Construction Industry  
  • Metallurgical Industry
  • Paper and Pulp Industry  
  • Chemical Industry
  • Waste Water Industry
  • Agriculture Industry  
  • Others

The report also covers the regional limestone markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Limestone Market by Region

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Market Analysis 

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. 

 

Competitive Landscape

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:

  • Imerys   
  • Carmeuse
  • Mitsubishi Materials Corporation             
  • Others

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.

 

Key Highlights of the Report

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:

  • Type
  • Size
  • End Use
  • Region
Breakup by Type
  • High Calcium Limestone
  • Magnesian Limestone
Breakup by Size
  • Crushed
  • Calcined (PCC)
  • Ground (GCC)
Breakup by End Use
  • Construction Industry
  • Metallurgical Industry
  • Paper & Pulp Industry
  • Chemical Industry
  • Waste Water Industry
  • Agriculture Industry
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Imerys   
  • Carmeuse
  • Mitsubishi Materials Corporation             
  • Others
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 (2020)
21.    Major Exporting Countries by Volume (2020)
22.    Major Importing Countries by Value (2020)
23.    Major Exporting Countries by Value (2020)
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

Key Questions Answered in the Report

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.

Analyst Review

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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