In August 2023, Ambuja Cement Limited, a leading Indian cement manufacturer announced a landmark acquisition of Sanghi industry Limited, a significant player in the cement industry. This strategic move has catapulted Ambuja cement’s limestone reserves to over one billion tons, solidifying its position as a key player in the Indian cement sector
The acquisition of Sanghai Industry Limited is a testament to Ambuja cement commitment to expanding its raw material security. With this deal, Ambuja cement has not only augmented its limestone reserves but also gained access to Sanghai Industry Limited expertise and resources
This acquisition is expected to have a profound impact on Ambuja cement operations. It enableles the company to increase its production capacity it reduces its dependence on external limestone source, and improve its overall competitiveness in the industry
As the Indian cement industry continues to grow, Ambuja cement is well-positioned to capitalize on emerging opportunities and consolidate its industry leadership. With its enhanced limestone reserves and expanded capabilities, Ambuja cement is poised for sustained growth and success in upcoming years.
As per the Coherent Market Insights report, the global limestone industry is poised to expand at a CAGR of 3.51% between 2022 and 2030. The revenue will jump from US$ 799.01 billion in 2021 to US$ 1,568.67 billion by 2030. Growing demand from building and construction industries will fuel the demand for limestone during the forecast period.
Asia Pacific is poised to take dominating position in the global limestone industry during the forecast period. This is owing to rising economic development in the region and the growth in the construction industry. This is further supported by the positive industry fundamentals for commercial real estate.
Major countries in Asia Pacific region such as China, Japan, India, and South Korea are the leading consumer of limestone in the industry. These countries are also benefitted from the industrial and agriculture sectors. However, non-toxic nature of limestone is likely to expand industry growth in the region.
Moreover, renewed spending on the public infrastructure will also aid in driving the global limestone industry. Increasing water and wastewater treatment projects will lead to provide opportunities of growth in the global industries. In addition, growing usage of limestone in the production of caustic soda is set to surge growth in the global industry.
Increasing rate of manufacturing activities across the developing region is going to boost the demand in global industry. Additionally, government investments in the infrastructure activities will also lead to increase demand in near future.
The industry growth is restricted by a number of reason such as the dust produced by limestone can irritant to nose, eyes, skin, and mucous membrane. Additionally, lack of regulatory norms will also hinder industry growth during the forecast period.
