Limestone Global Market to Reach $86.75 Billion by 2026 at a CAGR of 6.15%

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Nov 10, 2022, 07:30 ET

DUBLIN, Nov. 10, 2022 /PRNewswire/ -- The "Limestone Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global limestone market is expected to grow from $65.08 billion in 2021 to $68.32 billion in 2022 at a compound annual growth rate (CAGR) of 4.97%. The limestone market is expected to grow to $86.75 billion in 2026 at a compound annual growth rate (CAGR) of 6.15%.

The main types of limestone is magnesian limestone and high-calcium limestone. High-calcium limestone refers to the lime that is primarily calcium oxide or calcium hydroxide and includes not more than 5% magnesium oxide or hydroxide. These types of limestone are categorized based on their size which include crushed limestone, calcined limestone (PCC) and ground limestone (GCC). The various types of limestone are segregated based on application which includes, industry lime, refractory lime, chemical lime and construction-based lime. The major end-user segments for limestone are paper and pulp, water treatment, agriculture, building and construction, plastics, food and beverage and others.

Asia Pacific was the largest region in the limestone market in 2021. The regions covered in the limestone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing demand from the construction industry is driving the growth of the limestone market. The construction industry has surged after the pandemic as many construction projects were stuck due to lockdowns. Cement is manufactured using limestone as a raw material. Cement is an important element in the construction industry because it is used in various construction mixtures, such as manufacture of composite concrete block, to meet specific needs in holding building blocks.

According to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March 2022 estimate of $1,740.6 billion. Therefore, the increasing demand from the construction industry is propelling the limestone market.

Strategic partnerships and collaborations are a key trend in the limestone market. Organizations enter into partnerships and collaborations to expand into new markets and leverage each other's resources. In May 2020, Biesterfeld Spezialchemie, a Germany-based provider of products and solutions for specialty chemicals, entered into a partnership with Omya. This partnership will expand Biesterfeld's product range to include new pharmaceutical excipients, active components, and nutraceutical goods. Omya is a Switzerland-based producer of calcium carbonate-based specialties.

In March 2019, Nordkalk, a Finland-based manufacturer of limestone-based products, entered into an agreement with ArcelorMittal to take over operational management of ArcelorMittal's on-site lime kilns in Eisenhuttenstadt. ArcelorMittal is a Luxembourg-based steel production company.

Scope
Markets Covered:

1) By Type: Magnesian Limestone; High-Calcium Limestone
2) By Size: Crushed Limestone; Calcined Limestone (PCC); Ground Limestone (GCC)
3) By Application: Industry Lime; Refractory Lime; Chemical Lime; Construction-Based Lime
4) By End User: Paper And Pulp; Water Treatment; Agriculture; Building And Construction; Plastics; Food And Beverage; Others

Key Topics Covered:

1. Executive Summary

2. Limestone Market Characteristics

3. Limestone Market Trends And Strategies

4. Impact Of COVID-19 On Limestone

5. Limestone Market Size And Growth

6. Limestone Market Segmentation

7. Limestone Market Regional And Country Analysis

8. Asia-Pacific Limestone Market

9. China Limestone Market

10. India Limestone Market

11. Japan Limestone Market

12. Australia Limestone Market

13. Indonesia Limestone Market

14. South Korea Limestone Market

15. Western Europe Limestone Market

16. UK Limestone Market

17. Germany Limestone Market

18. France Limestone Market

19. Eastern Europe Limestone Market

20. Russia Limestone Market

21. North America Limestone Market

22. USA Limestone Market

23. South America Limestone Market

24. Brazil Limestone Market

25. Middle East Limestone Market

26. Africa Limestone Market

27. Limestone Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Limestone Market

29. Limestone Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

Imerys
CARMEUSE
Mitsubishi Materials Corporation
Kerford Limestone
Lhoist Group

For more information about this report visit https://www.researchandmarkets.com/r/hf7v1p

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SOURCE Research and Markets