Global Limestone Business Market Report 2023: Market to Reach $103.8 Billion by 2030 with China Dominates the World Limestone Market

DUBLIN, Feb. 15, 2023 /PRNewswire/ — The “Limestone: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Limestone Market to Reach $103.8 Billion by 2030

The global market for Limestone estimated at US$76.2 Billion in the year 2022, is projected to reach a revised size of US$103.8 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2022-2030.

Construction, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$84.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Iron & Steel segment is readjusted to a revised 4.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $20.7 Billion, While China is Forecast to Grow at 6.6% CAGR

The Limestone market in the U.S. is estimated at US$20.7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$21.4 Billion by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.8 Billion by the year 2030.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem.

Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.

Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies – Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Limestone: One of the Most Essential and Versatile Minerals
Recent Market Activity
Myriad Uses Across Diverse Industries Steers Consumption Volumes
Major End-Use Markets for Limestone Products: A Snapshot
Steady Growth Projected over the Next Few Years
China Dominates the World Limestone Market
Asia-Pacific Demonstrates Fastest Growth
Stable Economic Scenario to Underpin Market Expansion
Limestone Deposits & Production: An Overview
China-Led Asia Dominates Calcium Carbonate Production Scenario
Concerns over Energy Consumption & Emissions in Limestone Production
Limestone – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

Construction Sector: The Most Important End-Use Market for Limestone
Limestone Shipments Poised to Grow Buoyed by Positive Outlook for World Construction Industry
Rising Commercial Real Estate Investments Lends Traction to Market Growth
Large Investments on Infrastructure Development Boost Demand
Rising Demand for Cement and the Corresponding Increase in Production Drives Limestone Consumption
Critical Importance of Lime in Steel Production Helps Sustain Momentum
Paper Industry: Largest Consumer of Ground Calcium Carbonate (GCC)
Nano Precipitated Calcium Carbonate (NPCC) Applications: An Important Growth Driver for Crushed Limestone
Common Applications of NPCC
Significant Use in Environmental Applications Steers Market Momentum
Animal Waste Treatment Holds Potential for Quicklime Demand Growth
Flue Gas Desulphurization: A Key Growth Indicator
Limestone Demonstrates Potential to Reduce Emissions in Carbon Capture

FOCUS ON SELECT PLAYERS (Total 74 Featured)

Adelaide Brighton Ltd. (Australia)
Atlantic Minerals Limited (Canada)
Buechel Stone Corp. (USA)
Carmeuse Group S.A. (Belgium)
CRH plc (Ireland)
Fels-Werke GmbH (Germany)
Tarmac (UK)
Elliott Stone Company, Inc. (USA)
Graymont Limited (Canada)
Grupo Calidra (Mexico)
ILC Resources (USA)
Independent Limestone Company, LLC (USA)
Indiana Limestone Company (USA)
LafargeHolcim Ltd. (Switzerland)
Lhoist Group (Belgium)
Mississippi Lime Company (USA)
Mitsubishi Materials Corporation (Japan)
NALC LLC (USA)
Nittetsu Mining Co., Ltd. (Japan)
Schaefer Kalk GmbH & Co KG (Germany)
Sumitomo Osaka Cement Co., Ltd. (Japan)
Taiheiyo Cement Group (Japan)
Todaka Mining Co. Ltd. (Japan)
UBE Material Industries, Ltd. (Japan)

For more information about this report visit https://www.researchandmarkets.com/r/z6ghn4

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets

Laura Wood, Senior Manager

[email protected]

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-limestone-business-market-report-2023-market-to-reach-103-8-billion-by-2030-with-china-dominates-the-world-limestone-market-301748192.html