The global Limestone market is forecast to reach USD 9.98 Billion by 2027, according to a new report by Reports and Data. Amongst the main drivers of the global limestone market is the growing demand from the construction sector. In the construction industry, calcium carbonate is used as a building material, lime aggregate for road construction, an ingredient for cement, and as a starting material for the preparation of builder’s lime by combustion in a furnace.
Currently, more than 2 million metric tons of lime are used each year in the construction of roads, dams, and to improve the soil on construction sites. The use of lime quickly improves the condition of the soil during construction and also adds long-term improvements to soil properties. The health risks associated with calcium carbonate can hinder the market growth. The growing demand for brighter and larger paper is the primary driver of the preference for limestone in the paper industry. Growing demand for paper packaging and tissue products is expected to stimulate the market in the Asia-Pacific region.
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Key participants include
Tarmac, Lhoist, Schaefer Kalk GmbH & Co. KG., CARMEUSE, Fels-Werke GmbH., Elliot Stone Company, Inc., Graymont Limited, Atlantic Minerals Limited, LafargeHolcim, and Sumitomo Osaka Cement Co., Ltd, among others.
Further key findings from the report suggest
The increase in construction activity in emerging economies, as well as infrastructure development initiatives, are driving the market growth. A diverse application of limestone in end-use industries and its advantages such as durability, high strength, corrosion resistance, and easy availability of limestone increase the penetration of the world market. However, the health risks associated with calcium carbonate can hamper the market growth.
The industrial application of lime in the production process of various FMCG products such as toothpaste, cosmetics, sugar, and in other predicts like glass, floor tiles, paper, and pharmaceuticals have been a significant market driver.
Environmental regulations aimed at reducing greenhouse gas release, combined with increased awareness of global warming, can have a critical impact on the market in the coming years. In the cement industry, the manufacture of clinker produces a substantial amount of carbon dioxide. It has been reported that the cement industry alone emits a significant amount of carbon dioxide into the atmosphere. The lime, iron, and steel manufacturing industries are other relevant sources of carbon dioxide emissions.
The North America region is valued for a substantial share of the limestone market. Increased construction activities and the reconstruction of infrastructures such as highways, bridges, and buildings in the United States are expected to stimulate market demand.
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For this report, Reports and Data have segmented into the global Limestone market on the basis of resin type, composite phases, industry vertical, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)
Paper and Pulp
Building and Construction
Food and Beverage
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
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The post Limestone Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027 | Top Key Players – Tarmac, Lhoist, Schaefer Kalk GmbH & Co. KG., CARMEUSE, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.