LIMESTONE MARKET ANALYSIS

Limestone MarketSize and Trends

The global limestone market size was valued at USD 7, 99,014.70 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.51% from 2022 to 2030. Increasing demand from building and construction industries is expected to fuel the market growth. Additionally, renewed spending on public infrastructure is again expected to drive the global limestone market growth. This, in turn, will increase the need for limestone. Moreover, growth of end-user industries will also contribute to the growth of the global market in the future.

Global Limestone Market Trends:

Rising manufacturing activities

Rising manufacturing activities across developing region are expected to spur the demand for limestone in the future. Moreover, government investments in infrastructure redevelopment will also increase the market size in the near future.

Growing research activities in the field of limestone

Growing research activities in the field of limestone is a major trend observed in the market. For instance, in July 2018, Limestone reserves with an estimated capacity of 500 million tons (mt) have been discovered in the mineral-rich Chhattisgarh state. The new deposits of cement-making raw material have been found in five district of Chhattisgarh namely Raipur, Balodabazar, Jabjgir-Champa, Raigarh and Bastar.

Global Limestone Market Trends:

Rising manufacturing activities

Rising manufacturing activities across developing region are expected to spur the demand for limestone in the future. Moreover, government investments in infrastructure redevelopment will also increase the market size in the near future.

Growing research activities in the field of limestone

Growing research activities in the field of limestone is a major trend observed in the market. For instance, in July 2018, Limestone reserves with an estimated capacity of 500 million tons (mt) have been discovered in the mineral-rich Chhattisgarh state. The new deposits of cement-making raw material have been found in five district of Chhattisgarh namely Raipur, Balodabazar, Jabjgir-Champa, Raigarh and Bastar.

Global Limestone Market: Key Developments

Global Limestone Market:

In November 2020, Carmeuse delivered ViaCalco-soil-binders to BMW for the preparation of land in Debrecen, Hungary, for the construction of a new automobile manufacturing plant.

In June 2021, With EUR 16.5 million investment, the Carmeuse opened a new installation to produce limestone filler, with a production capacity of 450,000 metric tons, making it the largest manufacturing unit of its kind in the Benelux.

In November 2020, Lhoist North America is proceeding with a new distribution facility for dolomitic quicklime to service the steel industry. The new terminal may be in Memphis, Tennessee. The new distribution terminal is expected to be operational by 2021. The facility can service over 200,000 metric ton per year.

In May 2020, Lhoist North America announced that it received additional permit approval from the Texas Commission on Environmental Quality for the construction of a new energy-efficient lime kiln at its New Braunfels, Texas facility. The regulatory approval paves the way for Lhoist to begin construction on the significant expansion at the facility.

In May 2020, Minerals Technologies Inc. signed an agreement with Satia Industries Limited to build a 42,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Sri Muktsar Sahib, Punjab, India. The facility is scheduled to begin operation in 2021.

Figure 2. Global Limestone Market Share (%), by Segment Type, 2021