LIMESTONE MARKET ANALYSIS

Regional Analysis

Global Limestone Market Regional Insights:

Regionally, Asia Pacific region is projected to be the largest market for limestone during the forecast period. Rising economic development in the region will support growth in the construction industry. This will also be accompanied by positive market fundamentals for commercial real estate. China, Japan, South Korea, and India are the major consumers of limestone in the Asia-Pacific region. These nations have benefited from favorable trends in the agricultural and industrial sectors. Moreover, the non-toxicity of limestone is likely to expand the market in the region.

North America is also expected to witness fastest growth over the forecast period owing to the increasing number of residential buildings in the region. According to the Federal National Mortgage Association (Fannie Mae), residential house construction was estimated to jump 10% across 2020, with 1 million new homes expected to hit the market by the end of 2021. Even though the United States construction sector has been declining in 2020, the industry is expected to start recovery by 2021, thereby increasing the demand for limestone during the forecast period.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa