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Limestone Market Size, Share, Price and Industry Outlook 2028

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Limestone Market Size, Share, Price and Industry Outlook 2028

The global limestone market size is estimated to surpass USD 9.0 billion by 2025, due to its increasing consumption in the iron & steel processing, building & construction industry and agricultural industries.

Building and construction form approximately 30% of the market share in 2017. Higher rate of consumption of construction materials like mortar and cement for applications such as decorative paints, road base, mortar processing and road marking paints, is anticipated to propel the demand for limestone by 2025.

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With greater investments in infrastructure and construction across the world, fueled by the policies which are formulated by the government of developing nations helped in higher demand for cement and construction. The growing nations in the South East Asian countries have a higher demand for infrastructure projects, which lead to higher demand for building and construction materials and services. The recovery of the European construction industry has also played significant role in limestone market growth.

However, there are factors that hamper the market growth like stagnation of various economies of its key players like China. Acid-rain has damaged buildings and statues, especially to the ones made of limestone has deterred its use in the residential sector. Along with that, greenhouse gas emissions has major impact on the industry, particularly due to industrial manufacturing sources including cement.

Moreover, stringent government regulations in developed countries on limestone ore extraction may restrain the global limestone market. To overcome these difficulties, many institutes like The European Limestone Association (EuLA), The National Lime Association (NLA), The Limestone Association of Australia have been doing research. Also, these companies analyse the market situations and create certain rules & amendment towards manufacturing, promotion and extraction of limestone and its allied products.

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On geographical front, Asia-Pacific has exhibited fastest growth over the last decade, owing to the existing emerging economies like China which accounts the global limestone market share. Numerous countries of have Asia-pacific have experienced rapid urbanization during the last few years, which has offered ample scope for global limestone industry growth.

Europe has also displayed significant growth. This region has strong presence in steel making industry. Steel manufacturing requires huge amount of limestone as a raw material, which is anticipated to boost the limestone market on the next upcoming years. The global limestone market in North America is majorly surging due to the growing need for it in water treatment and agriculture.

Key segments of the global limestone market analysis report

Product Overview, 2015-2025 (Kilo Tons) (USD Million)

  • High-calcium limestone
  • Magnesian limestone

End-user Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Iron and Steel
  • Paper & Pulp
  • Chemical
  • Building & Construction
  • Agriculture
  • Others

Regional Overview, 2013-2025 (Kilo Tons) (USD Million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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