Global Limestone Market Size, Share & Trends Analysis Report 2020: Market Size is Anticipated to Reach $102.7 Billion by 2027
DUBLIN, Nov. 2, 2020 /PRNewswire/ -- The "Limestone Market Size, Share & Trends Analysis Report by End-use (Building & Construction, Iron & Steel, Agriculture, Chemical), by Region (North America, Europe, APAC, Central & South America, MEA), and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global limestone market size is anticipated to reach USD 102.7 billion by 2027, expanding at a CAGR of 4.4% from 2020 to 2027.
Rising infrastructural developments in the developing economies of the world are expected to fuel market growth across the forecast period.
Limestone is a sedimentary rock and is rich in calcium carbonate. It has varying amounts of silica, clay, silt, and sand. The rock is known to be used for ample applications across various end-use industries, where building and construction are its major end-user owing to the easy availability of the material and the strength it provides. It finds application as a building material, in cement production, and as aggregates for road base.
Its abundance in nature makes it a preferable option in the construction sector where it is used as blocks, stone cladding on walls, floor paving, tiles, and retaining walls. Characteristics of the mineral include weather-resistant, high strength, the durability of the structure, high structural integrity, versatility, heat conductor, and low cost.
The mineral is gaining preference in countries with the presence of historic structures in terms of restoration. For example, in November 2019, the Public Works Department in Chennai, Tamil Nadu, India, introduced a stone roller yard for grinding sand and limestone for plastering, in an attempt to revive a traditional method of restoring heritage structures.
Accelerating demand for limestone witnessed a decline in 2020 on account of the outbreak of the covid-19 pandemic across the world. The pandemic compelled governments worldwide to impose lockdown and halt all sorts of activities, which drastically impacted the demand for limestone. The countries are striving to slowly regain their stability by offering ease in restrictions.
North America is a hard hit region by pandemic as a large number of cases have been reported in the countries, especially the U.S. However, governments in the region have made an attempt to permit operations, such as construction and manufacturing, to operate at minimal capacity. The resumption in construction activities is anticipated to balance the decline in limestone consumption owing to the spread of coronavirus.
For example, in July 2020, a Euro 183 million (USD 209.4 million) contract was granted by the Canadian Province of Alberta's Ministry of Transportation to the consortium of Vinci and Graham for building the final section of the West Calgary Ring Road Project. Such initiatives are anticipated to prove fruitful for market growth.
The global market is characterized by the presence of established players, which makes competitive rivalry extremely high. Many players are integrated across the value chain in order to gain a competitive edge by benefitting form an integrated supply chain.
For instance, LafargeHolcin owns limestone quarries in different parts of the world and utilizes the quarried stone in cement, concrete, and aggregates production. In addition, the company is engaged in providing construction solutions. In May 2020, the company resumed its operations at a limestone mine in Meghalaya's East Khasi Hills, India in order to supply the raw material to its cement plant in Bangladesh.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Limestone Market Variables, Trends, & Scope
Chapter 4 Limestone Market: End-use Estimates & Trend Analysis
4.1. Definition & scope
4.2. End-use movement analysis & market share, 2019 & 2027
4.3. Construction
4.4. Agriculture
4.5. Iron & steel
4.6. Chemical
4.7. Others
Chapter 5 Limestone Market: Regional Estimates & Trend Analysis
5.1. Regional snapshot
5.2. Regional movement analysis & market share, 2019 & 2027
Chapter 6 Limestone Market: Competitive Analysis
6.1. Key players, recent developments, & their impact on the industry
6.1.1. Major deals & strategic analysis
6.2. Vendor landscape
6.2.1. List of other prominent suppliers, manufacturers, and distributors
6.2.2. List of potential customers
6.3. SWOT
6.3.1. CEMEX S.A.B. de C.V
6.3.2. LafargeHolcim
6.3.3. Minerals Technologies Inc.
Chapter 7 Limestone Market: Company Profiles
7.1. Company overview
7.2. Financial performance
7.3. Product benchmarking
7.4. Strategic initiatives
- Imerys
- Lhoist
- CARMEUSE
- CEMEX S.A.B de C.V
- GCCP Resources Limited
- LafargeHolcim
- Minerals Technologies Inc.
- National Lime & Stone Company
- US Aggregates
- Saudi Lime Industries Co.
- Mississippi Lime Company
- United States Limes & Minerals Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ewihhs
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