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 expa...