The Global Market for Limestone is Projected to Exceed 5.5 Billion Tons by 2022

Rising Demand for Cement & Corresponding Increase in Production Drives Global Limestone Consumption, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Limestone market. The global market for Limestone is projected to exceed 5.5 billion tons by 2022, driven by rising demand for cement and the corresponding increase in cement production, where limestone is the most essential raw material.

Limestone and crushed limestone represent essential and versatile minerals for construction applications such as roadways, embankments, parking lots, airport runways, new construction, renovation and re-modeling, commercial malls, industrial parks, and institutional buildings, among numerous others. Limestone is also a source of building stone, and one of the most important raw materials in cement and steel production in addition to being an important raw material for various other industries. Defined as a rock with high levels of calcium carbonate, the mineral is broadly classified into industrial lime, chemical lime, refractory lime and construction lime based on its application. Various benefits of lime that is driving steady demand for the mineral include faster drying of wet soil, reduction in soil swell, reduction in soil plasticity, and improved soil strength, among others.

Future growth in the market will be driven by myriad applications of calcined limestone, hydrated lime and quicklime, calcined limestone with clay, dimension stone, crushed stone, and ground limestone in multiple industries including but not limited to sugar, soda ash, steel manufacturing, water treatment, sewage & effluent treatment, cement, aggregates, and chemicals, among others. Use of limestone in the production of cement as well as in several other chemicals that are used in the production of numerous high-value every-day products is expected to offer significant opportunities for future market growth. Trends in the global cement industry represent an important indicator affecting limestone production and consumption worldwide. Rising demand for cement worldwide driven by increasing housing, infrastructure, commercial, and industrial construction represents the primary factor driving demand for limestone in the coming years. The current steady growth in the construction sector in developing countries such as China and India is also expected to bode well for limestone demand offsetting the flat growth in developed markets.

As stated by the new market research report on Limestone, China represents the largest market worldwide supported by massive investments in the construction sector. Asia-Pacific represents the fastest growing market registering a CAGR of 6.5% over the analysis period. Steady economic growth, positive outlook for the construction industry supported by rising commercial real estate investments and major infrastructure development projects, and high growth application industries such as steel production, cement manufacturing, and glass, metal and paper manufacturing represent key growth drivers in the region.

Key players covered in the report include Adelaide Brighton Ltd., Atlantic Minerals Limited, Buechel Stone Corp., Carmeuse Group S.A., Elliott Stone Company, Inc., Fels-Werke GmbH, Graymont Limited, Grupo Calidra, Independent Limestone Company, LLC, Indiana Limestone Company, Inc., LafargeHolcim Ltd., Lhoist Group, Mississippi Lime Company, Mitsubishi Materials Corporation, Nittetsu Mining Co., Ltd., North American Limestone Corporation, Schaefer Kalk GmbH & Co KG, Sumitomo Osaka Cement Co., Ltd., Taiheiyo Cement Group, Tarmac, Todaka Mining Co. Ltd. and UBE Material Industries Ltd., among others.

The research report titled “Limestone: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), China, Asia-Pacific (India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World.

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