Global Limestone Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. The major component of limestone-a sedimentary rock-is calcium carbonate in the formation of the mineral calcite. It could also take the form of chemical sedimentary rock that is produced when calcium carbonate from lake or ocean water crystallites. The Limestone market is expanding because of factors such as increasing demand from the construction industry and rising steel production.

The World Steel Association estimates that worldwide steel production increased by 3.7% from 1,880.4 metric tons in 2020 to approximately 1,950.5 metric tons in 2021. This displays the current state of global market demand. However, rising CO2 emission factors from agricultural liming may halt market growth. The market for the Limestone Market is expected to rise, owing to Increasing infrastructural developments and rising strategic initiatives by the private players in the Market. However, rising CO2 emission factor from agricultural liming hamper the market growth during the projected years.

The key regions considered for the Global Limestone Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to rising construction industry and its increasing application of steel and iron, construction, water and wastewater treatment, paper and pulp, agriculture, and chemical industry. Whereas, North America is expected to grow significantly during the forecast period, owing to rising R&D in the market.

Major market players included in this report are:

Lhoist Group

AMR India Limited

Carmeuse

GLC Minerals LLC

Graymont Limited

Gujarat Mineral Development Corporation Ltd

Imerys

Kerford Limestone

LafargeHolcim

Minerals Technologies Inc

Recent Developments in the Market:

In June 2021, the largest manufacturing facility of its kind in Benelux, Carmeuse opened a new installation to create limestone filler with a production capability of 450,000 metric tonnes, at a cost of EUR 16.33 million. With this expansion of its production base, the company will enhance its geographical presence in the forecast period.
In April 2021, Zhumadianshi Baiyun Paper Co. Ltd. and Minerals Technologies Inc. entered into an agreement to build a 50,000 metric tonnes per year satellite precipitated calcium carbonate plant at their paper mill in Suiping County, Zhumadian City. With this agreement, the company will enhance its overall structure and encourage the company to provide various innovative solutions to its customers.
Global Limestone Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered Application, End-User and RegionRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Industry Lime

Chemical Lime

Construction Lime

Refractory Lime

By End-User:

Paper and Pulp

Water Treatment

Agriculture

Plastics

Building and Construction

Steel Manufacturing

Other End-user Industries

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World