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PUBLISHER: Grand View Research | PRODUCT CODE: 1268606
PUBLISHER: Grand View Research | PRODUCT CODE: 1268606
Limestone Market Size, Share & Trends Analysis Report By End-use (Building & Construction, Iron & Steel, Agriculture, Chemical), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2023 - 2030
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Limestone Market Growth & Trends:
The global limestone market size is anticipated to reach USD 126.75 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.3% from 2023 to 2030. Rising infrastructural developments in the developing economies of the world are expected to fuel market growth across the forecast period.
Limestone is a sedimentary rock and is rich in calcium carbonate. It has varying amounts of silica, clay, silt, and sand. The rock is known to be used for ample applications across various end-use industries, where building and construction are its major end-user owing to the easy availability of the material and the strength it provides. It finds application as a building material, in cement production, and as aggregates for road base.
Its abundance in nature makes it a preferable option in the construction sector where it is used as blocks, stone cladding on walls, floor paving, tiles, and retaining walls. Characteristics of the mineral include weather-resistant, high strength, the durability of the structure, high structural integrity, versatility, heat conductor, and low cost.
The mineral is gaining preference in countries with the presence of historic structures in terms of restoration. For example, in November 2019, the Public Works Department in Chennai, Tamil Nadu, India, introduced a stone roller yard for grinding sand and limestone for plastering, in an attempt to revive a traditional method of restoring heritage structures.
Accelerating demand for limestone witnessed a decline in 2020 on account of the outbreak of the covid-19 pandemic across the world. The pandemic compelled governments worldwide to impose lockdown and halt all sorts of activities, which drastically impacted the demand for limestone. The countries are striving to slowly regain their stability by offering ease in restrictions.
North America is a hard hit region by pandemic as a large number of cases have been reported in the countries, especially the U.S. However, governments in the region have made an attempt to permit operations, such as construction and manufacturing, to operate at minimal capacity. The resumption in construction activities is anticipated to balance the decline in limestone consumption owing to the spread of coronavirus. For example, in July 2020, a Euro 183 million (USD 209.4 million) contract was granted by the Canadian Province of Alberta's Ministry of Transportation to the consortium of Vinci and Graham for building the final section of the West Calgary Ring Road Project. Such initiatives are anticipated to prove fruitful for market growth.
The global market is characterized by the presence of established players, which makes competitive rivalry extremely high. Many players are integrated across the value chain in order to gain a competitive edge by benefitting form an integrated supply chain. For instance, LafargeHolcin owns limestone quarries in different parts of the world and utilizes the quarried stone in cement, concrete, and aggregates production. In addition, the company is engaged in providing construction solutions. In May 2020, the company resumed its operations at a limestone mine in Meghalaya's East Khasi Hills, India in order to supply the raw material to its cement plant in Bangladesh.
Limestone Market Report Highlights:
- Asia Pacific is expected to register the fastest CAGR, in terms of revenue, over the forecast period as the region is known for its large production capacity for steel and cement
- China was the largest consumer of limestone in the Asia Pacific in 2022. The Chinese industry is mainly driven by massive demand for cement on account of moderate to high growth in building & construction sector and rising investments in infrastructure
- The chemical end-use segment anticipated registering the highest CAGR of 8.1%, in terms of revenue, during the forecast period. The industry utilizes limestone in a number of ways, including the production of lime, sodium bicarbonate, soda ash, caustic soda, and ammonia
- The iron and steel end-use segment accounted for a volume share of more than 5.0% in 2022. The correction in global steel demand post-pandemic and thus rising crude steel production around the world has benefitted the demand for limestone products.
- The limestone industry has witnessed few mergers & acquisitions in the recent past. The cement-producing companies are focusing on acquisitions of limestone reserves to integrate their operations and to ensure a consistent supply of limestone in the production of cement.
Product Code: GVR-4-68039-021-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Manufacturing Trends & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Limestone Market: End-Use Estimates & Trend Analysis
- 4.1. Limestone Market: End-Use Movement Analysis, 2022 & 2030
- 4.2. Building & Construction
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Iron & Steel
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Agriculture
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Chemical
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Others
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Limestone Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2022 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.7. Indonesia
- 5.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.7.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.8. Bangladesh
- 5.4.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.8.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.2. Market estimates and forecasts, by end-use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Ranking
- 6.3. Heat Map Analysis
- 6.4. Market Strategies
- 6.5. Vendor Landscape
- 6.5.1. List of raw material supplier, key manufacturers, and distributors
- 6.5.2. List of prospective end-users
- 6.6. Strategy Mapping
- 6.7. Company Profiles/Listing
- 6.7.1. Imerys
- 6.7.1.1. Company overview
- 6.7.1.2. Financial performance
- 6.7.1.3. Product benchmarking
- 6.7.2. Lhoist
- 6.7.2.1. Company overview
- 6.7.2.2. Financial performance
- 6.7.2.3. Product benchmarking
- 6.7.3. CARMUSE
- 6.7.3.1. Company overview
- 6.7.3.2. Financial performance
- 6.7.3.3. Product benchmarking
- 6.7.4. CEMEX S.A.B de C.V
- 6.7.4.1. Company overview
- 6.7.4.2. Product benchmarking
- 6.7.5. GCCP Resources Limited
- 6.7.5.1. Company overview
- 6.7.5.2. Product benchmarking
- 6.7.6. LafargeHolcim
- 6.7.6.1. Company overview
- 6.7.6.2. Product benchmarking
- 6.7.7. Mineral Technologies Inc.
- 6.7.7.1. Company overview
- 6.7.7.2. Product benchmarking
- 6.7.8. National Lime & Stone Company
- 6.7.8.1. Company overview
- 6.7.8.2. Product benchmarking
- 6.7.9. US Aggregates
- 6.7.9.1. Company overview
- 6.7.9.2. Product benchmarking
- 6.7.10. Saudi Lime Industries Co.
- 6.7.10.1. Company overview
- 6.7.10.2. Financial performance
- 6.7.10.3. Product benchmarking
- 6.7.1. Imerys
Product Code: GVR-4-68039-021-1
List of Tables
- Table 1 Limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 Limestone market estimates & forecasts, by construction, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 Limestone market estimates & forecasts, by agriculture, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 Limestone market estimates & forecasts, by iron & steel, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 Limestone market estimates & forecasts, by chemical, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 Limestone market estimates & forecasts, by others, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 North America limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 North America limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 9 North America limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 10 U.S. limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11 U.S. limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 12 U.S. limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 13 Canada limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 14 Canada limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 15 Canada limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 16 Mexico limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 17 Mexico limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 18 Mexico limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 19 Europe limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 20 Europe limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 21 Europe limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 22 Germany limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 23 Germany limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 24 Germany limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 25 France limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 26 France limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 27 Asia Pacific limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 28 Asia Pacific limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 29 Asia Pacific limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 30 China limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 31 China limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 32 China limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 33 India limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 34 India limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 35 India limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 36 Japan limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 37 Japan limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 38 Japan limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 39 South Korea limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 40 South Korea limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 41 South Korea limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 42 Indonesia limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 43 Indonesia limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 44 Indonesia limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 45 Bangladesh limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 46 Bangladesh limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 47 Bangladesh limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 48 Central & South America limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 49 Central & South America limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 50 Central & South America limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 51 Brazil limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 52 Brazil limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 53 Brazil limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
- Table 54 Middle East & Africa limestone market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 55 Middle East & Africa limestone market estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 56 Middle East & Africa limestone market estimates & forecasts, by end-use, 2018 - 2030 (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook - End-Use
- Fig. 7 Competitive Outlook
- Fig. 8 Limestone market outlook, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Porter's Analysis
- Fig. 12 PESTEL Analysis
- Fig. 13 Limestone market, by end-use: Key takeaways
- Fig. 14 Limestone market, by end-use: Market share, 2022 & 2030
- Fig. 15 Limestone market: Regional analysis, 2022
- Fig. 16 Limestone market, by region: Key takeaways
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