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The global limestone market reached a value of US$ 75 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 96.6 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Limestone refers to a sedimentary rock that is formed by the accumulation of calcium carbonate present in the organic remains of shells, algae and corals. It is commonly found in clear, warm and shallow ocean water. Some of the common types of limestone include chalk, coquina, travertine, tufa and fossiliferous, lithographic and oolitic limestone that can vary between very fine-textured to coarsely textured rocks. It is an essential ingredient for manufacturing construction aggregates, cement, lime and building stone. Owing to its advantageous particle size and controlled and effortless applications, it also finds application in the production of steel and iron, water and wastewater treatment, construction, agriculture, paper and pulp, and chemical industry, etc.
Significant growth in the construction and agriculture industries across the globe is one of the key factors creating a positive outlook for the market. Limestone is widely used in the construction of buildings and roads and as a starting material for the preparation of the builder’s lime and cement. Moreover, limestone acts as an agricultural additive that aids in improving the quality of the soil by supplying calcium for plant and soil nutrition. Furthermore, widespread adoption of limestone for wastewater treatment, preparation of drinking water and removal of acid gas from flue gases is also providing a boost to the market growth. Additionally, extensive utilization of limestone as a filter additive, coating pigment, brightening agent and surface finish additive for paper and pulp processing, is contributing to the market growth. Other factors, including the implementation of infrastructural development initiatives and the construction of smart cities, along with rapid industrialization, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global limestone market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, size and end-use industry.
Breakup by Type:
Breakup by Size:
Breakup by End-Use Industry:
Import and Export:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being AMR India Limited, Carmeuse, Eliotte Stone Co. Inc., Graymont Limited, Imerys (Belgian Securities B.V.), J.M. Huber Corporation, Lafargeholcim, Minerals Technologies Inc., Mitsubishi Materials Corporation, Schaefer Kalk, Sumitomo Osaka Cement Co. Ltd., Etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Size, End-Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AMR India Limited, Carmeuse, Eliotte Stone Co. Inc., Graymont Limited, Imerys (Belgian Securities B.V.), J.M. Huber Corporation, Lafargeholcim, Minerals Technologies Inc., Mitsubishi Materials Corporation, Schaefer Kalk and Sumitomo Osaka Cement Co. Ltd.|
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Key Questions Answered in This Report:
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