Indispensable Use in Cement & Steel Production to Benefit Global Limestone Consumption Against the Backdrop of Recovering Construction Activity

Recovering construction activity and the resulting increase in cement and steel production, coupled with established uses in diverse applications ranging from paper, glass, chemicals, food & beverages to pharmaceuticals manufacturing are poised to drive the global market for Limestone to exceed 5.5 billion tons by 2022. 

Limestone is a sedimentary rock found naturally and abundantly across the world.  Primarily composed of calcium carbonate (CaCO3), inherited from the ancient remains of marine creatures such as shellfish, Limestone is a rich source of calcium and has seen its use in a range of applications throughout history. Based on its application, limestone can be vaguely categorized as industrial lime, construction lime, chemical lime, refractory lime, and edible lime. Market for limestone, which is used in a range of industrial verticals as filler, additive and purification agent in coarse, fine and ultrafine ground versions, gained immensely from massive expansion in the world industrial manufacturing sector over the years. Cement, steel, paper, and plastics are some of the main application areas for industrial lime.

Spectacular rise in the construction sector, driven by large-scale investments in residential, commercial, institutional, industrial and civil engineering projects, also steered momentum in the world limestone market. Rising demand for agricultural lime, which functions as soil conditioner to improve soil fertility in farm lands; increased food processing activity, where limestone is used as additive; and robust demand for pharmaceuticals, in which it is mainly used as acidity neutralizing agent in heartburn treatments, favored market expansion. Future prospects remain highly favorable amid favorable forecasts for key downstream sectors through the approaching years. Growth trajectory in construction & infrastructure, food processing, pharmaceuticals, agriculture, water treatment, and industrial production would maintain market momentum. Further, emerging applications in novel areas such as self-healing bioconcrete and eco-friendly Portland cement, are poised to enhance limestone consumption.

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 in the market include Adelaide Brighton Ltd., Atlantic Minerals Limited, Buechel Stone Corp., Carmeuse Group S.A., CRH plc,  Elliott Stone Company Inc., Fels-Werke GmbH, Graymont Limited, Grupo Calidra, ILC Resources, Independent Limestone Company LLC, Indiana Limestone Company, LafargeHolcim Ltd., Lhoist Group, Mississippi Lime Company, Mitsubishi Materials Corporation, NALC LLC, Nittetsu Mining Co. Ltd., 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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