Limestone Market Companies Analysis Key Players Analysis, Company Profiles, Product Developments, Mergers, Strategic Collaborations, and Revenue Forecast Insights

Limestone Market Outlook

The international market for limestone was estimated at around US$ 88.93 billion in 2025. It is expected to expand at a compound annual growth rate (CAGR) of 5.60% during the period 2025-2033 and reach an estimated value of around US$ 137.52 billion in 2033.

The primary component of limestone, a sedimentary rock, is calcium carbonate (CaCO3), usually found as aragonite or calcite. Shells, coral, algae, and other organic waste build up to produce it mostly in marine habitats. It frequently comes in beige, gray, or white hues. Limestone is used extensively in cement production, construction (as building stone and aggregate), and as a raw material in a number of industries, including steel, glass, and agriculture. It is essential to the production of karst landscapes because of its solubility in mild acids, which allows natural weathering processes to generate sinkholes and caverns.

Growing demand from the infrastructure and building industries, especially for the manufacturing of cement and concrete, is driving the limestone industry. In developing nations, rapid industrialization and urbanization increase consumption. Growth is also fueled by the expanding chemical and steel industries, since limestone acts as a neutralizing agent and flux. Its application in soil conditioning is also growing as agricultural operations rise. Demand is also influenced by environmental uses, such as power plant flue gas desulfurization. Over the upcoming years, government investments in infrastructural projects and technological developments in mining and processing are anticipated to support market expansion internationally.

Top Companies in Limestone Industry

1. CEMEX S.A.B. de C.V.

Establishment: 1906

Headquarters: Mexico

CEMEX S.A.B. de C.V. (CEMEX) is a global building materials company engaged in the production, distribution, and marketing of cement, ready-mix concrete, aggregates, clinker, and related construction materials. The company also manufactures and sells a variety of precast products, including concrete floors, rail components, box culverts, bridges, drainage basins, barriers, parking curbs, asphalt, concrete blocks, and pipes. Its product portfolio includes diverse cement types such as mixed, oil-well, masonry, mortar, white, and gray ordinary Portland cement. Beyond materials, CEMEX offers value-added services like bulk cement dispatch systems, construction financing, customer training programs, mobile applications, and online platforms. Headquartered in San Pedro Garza Garcia, Nuevo Leon, Mexico, the company operates across the Americas, Europe, Africa, the Middle East, and the Asia-Pacific region.

2. GCCP Resources Limited

Establishment: 2013

Headquarters: Malaysia

GCCP Resources Limited is a Malaysian company listed on the Singapore Exchange (SGX) since 2015. The company specializes in the extraction and processing of calcium carbonate, producing materials in various particle sizes to meet specific customer requirements. In 2020, GCCP Resources initiated a strategic diversification by transforming its GCCP Marble Quarry-formerly known as the Hyper Act Quarry-from a calcium carbonate production site into a marble extraction and processing operation. This shift marked a significant change in the company's business focus, expanding its presence in the natural stone industry. Located in Simpang Pulai, Ipoh, Perak, Malaysia, GCCP benefits from a prime location rich in geological resources and supported by a well-established quarrying infrastructure.

3. RSMM Limited

Establishment: 2003

Headquarters: Jaipur, Rajasthan-INDIA

Rajasthan State Mines & Minerals Limited (RSMML) is one of the most prominent and forward-looking enterprises of the Government of Rajasthan. The company plays a key role in India's non-metallic minerals industry, excelling in the production and sale of minerals such as gypsum, rock phosphate, lignite, and SMS-grade limestone. As a multi-mineral, multi-location organization, RSMML is recognized as a national leader in the mining and marketing of gypsum and rock phosphate, while also pioneering advancements in open-pit mining and the beneficiation of carbonate rock phosphate.

Beyond minerals, RSMML has diversified into the renewable energy sector. It operates a wind power project near Jaisalmer, Rajasthan, with an installed capacity of 106.3 MW, and a 5 MW solar power plant near Gajner in the Bikaner region. These initiatives highlight the company's commitment to sustainable growth and clean energy development alongside its core mining operations.

4. United States Lime & Minerals Inc

Establishment: 1948

Headquarters: United States

United States Lime & Minerals Inc. produces a range of lime and limestone products, including PLS, quicklime, hydrated lime, and lime slurry. The company serves diverse industries such as construction (building, highway, and road projects), industrial manufacturing (paper and glass), environmental services (water treatment, municipal sanitation, and flue gas control), and metals (steel production). It also caters to the oil and gas, roofing materials, and agricultural sectors, supplying products used in poultry and cattle feed. The company operates through its Lime and Limestone Operations segment, which oversees the production and distribution of these essential mineral-based materials.

5. Gujarat Mineral Development Corporation Limited

Establishment: 1963

Headquarters: Ahmedabad, India

Gujarat Mineral Development Corporation Ltd. (GMDC) is a mining company engaged in the exploration and production of various mineral resources. Its key operations include lignite, bauxite, fluorspar, manganese, and power generation. The company operates through two main divisions-Mining and Power. The Mining segment, which focuses on the extraction and sale of minerals such as silica sand, limestone, bauxite, and manganese, contributes the majority of its revenue. GMDC conducts all its business activities within India, playing a vital role in supporting the country's mineral and energy sectors.

SWOT Analysis of Limestone Market

Graymont Limited

Strength- Vertically Integrated Operations and Sustainability Leadership

Graymont Limited's greatest strength lies in its vertically integrated business model combined with its leadership in sustainability initiatives. The company manages the entire production chain-from quarrying high-quality limestone to producing lime, hydrated lime, and value-added products-allowing it to maintain strict quality control, operational efficiency, and cost competitiveness. This integration supports a consistent supply of raw materials and enhances customer trust across industrial, environmental, and construction sectors. Additionally, Graymont's proactive investment in sustainable technologies, including carbon capture and low-carbon lime solutions, positions it as a forward-thinking industry leader. Its commitment to reducing environmental impact while maintaining operational excellence strengthens its global reputation and aligns it with the evolving priorities of clients seeking environmentally responsible suppliers.

Opportunity-Expanding Low-Carbon and Circular Economy Solutions

An important opportunity for Graymont Limited lies in expanding its portfolio of low-carbon and circular economy products. With increasing global focus on decarbonization and sustainable construction, demand for eco-friendly lime and limestone products is rising. Graymont can leverage its ongoing research into carbon capture, utilization, and storage (CCUS) technologies to commercialize innovative, climate-positive solutions. The company is also well-positioned to collaborate with industries such as steel, water treatment, and agriculture to develop circular material systems that repurpose by-products and reduce emissions. Expanding into emerging markets with sustainability-driven infrastructure projects offers further growth potential. By strengthening partnerships, investing in clean technologies, and emphasizing environmental performance, Graymont can capture new market segments and solidify its leadership in sustainable mineral processing globally.

Nordkalk Corporation

Strength - Strong Regional Presence and Tailored Product Portfolio

Nordkalk Corporation's primary strength lies in its dominant regional presence across Northern and Eastern Europe and its ability to deliver customized limestone-based solutions across diverse industries. The company operates an extensive network of quarries and production facilities in Finland, Sweden, Poland, and the Baltic region, ensuring reliable supply and responsiveness to local market needs. Its diverse product range-including limestone, quicklime, slaked lime, and ground calcium carbonate-caters to construction, agriculture, environmental remediation, and steel manufacturing sectors. Nordkalk's deep customer relationships and focus on technical expertise enable it to offer application-specific solutions that enhance client efficiency and sustainability. Combined with strong logistical infrastructure and strategic proximity to key European industrial hubs, this regional strength gives Nordkalk a significant competitive edge and operational resilience.

Opportunity - Growth Through Green Transition and Innovation

Nordkalk Corporation has a major opportunity to accelerate growth through the ongoing green transition and industrial decarbonization efforts in Europe. As industries shift toward sustainable materials and low-emission operations, demand for carbon-efficient lime and limestone products is expected to surge. Nordkalk can capitalize on this trend by advancing its carbon capture and storage (CCS) initiatives, investing in renewable energy integration, and developing innovative, low-carbon process technologies. The company's strategic location in the EU gives it access to green funding programs and partnerships that support climate-neutral production goals. Moreover, expanding its role in environmental solutions-such as water treatment, soil improvement, and flue gas desulfurization-can open new revenue streams. By aligning its R&D and operations with circular economy principles, Nordkalk can strengthen its position as a sustainable solutions provider and capture growing demand across Europe's green industrial transformation.

Sustainability Analysis of Limestone Market

Minerals Technologies Inc.

Minerals Technologies Inc. (MTI) demonstrates a strong commitment to sustainability through measurable progress across environmental, social, and governance (ESG) areas. The company has achieved notable reductions in greenhouse gas (GHG) emissions and energy intensity, cutting Scope 1 emissions by 14% year-over-year and 32% since 2018, while Scope 2 emissions have decreased by 10% year-over-year. These improvements reflect effective decarbonization strategies through fuel switching, process efficiency, and energy optimization. MTI's emphasis on product innovation is equally significant-about two-thirds of its revenue now comes from products classified as "sustainable," supporting customers' efforts to lower lifecycle carbon footprints.

Water stewardship and circularity are central to MTI's operational approach. The company reports significant water reuse and recycling across its facilities, and integrates CO2 sequestration within its mineral-based products, helping to capture and store carbon over the product lifecycle. MTI's transparency and accountability are reinforced by consistent sustainability reporting, with its 17th consecutive report outlining progress toward multi-year goals-having already achieved 11 of 12 environmental targets ahead of schedule. Governance structures ensure that sustainability principles are embedded throughout its decision-making and supply chain practices.

MTI has established specific carbon emission targets, aiming to reduce Scope 1 emissions by 25% and Scope 2 emissions by 40% by 2025, relative to a 2018 baseline year. While these short-term goals demonstrate strong near-term ambition, long-term challenges remain, particularly in mitigating Scope 3 emissions and expanding renewable energy adoption. Continued innovation, stakeholder engagement, and alignment with science-based targets will be essential for sustained progress toward net-zero aspirations.

Recent Development in Limestone Industry

• In April 2025, Carmeuse, a leading global producer of lime and limestone products, finalized the acquisition of a limestone quarry in Indiana from Oldcastle Materials. Valued at USD 100 million, according to Carmeuse's SEC filing, the acquisition enhances the company's limestone reserves and reinforces its strategic presence in the North American market.
• In January 2024, LafargeHolcim, a global leader in construction materials, launched a new limestone grinding plant in Missouri, USA. As stated in the company's press release, the facility is expected to boost limestone production capacity by 50%, supporting growing domestic infrastructure and construction demand.
• In June 2023, Imerys expanded its footprint in Asia by investing USD 30 million to upgrade and increase its limestone processing capacity. This expansion aims to meet rising demand from the construction and manufacturing industries across the region.

Company Analysis Format

Limestone Market & Forecast

• Historical Trends
• Forecast Analysis

Market Share Analysis - Limestone Market

Company Analysis- Imerys SA

Overview

• Company History and Mission
• Business Model and Operations
• Workforce

Key Persons

• Executive Leadership
• Operational Management
• Division Leaders
• Board Composition

Recent Development & Strategies

• Mergers & Acquisitions
• Partnerships
• Investments

Sustainability Analysis

• Renewable Energy Adoption
• Energy-Efficient Infrastructure
• Use of Sustainable Packaging Materials
• Water Usage and Conservation Strategies
• Waste Management and Circular Economy Initiatives

Product Analysis

• Product Profile
• Quality Standards
• Product Pipeline
• Product Benchmarking

Strategic Assessment: SWOT Analysis

• Strengths
• Weaknesses
• Opportunities
• Threats

Revenue Analysis

The above information will be provided for all the following companies:

1. CEMEX S.A.B. de C.V.

2. GCCP Resources Limited

3. Holcim Limited

4. Mineral Technologies Inc.

5. RSMM Limited

6. United States Lime & Minerals Inc

7. Gujarat Mineral Development Corporation Limited

8. Carmeuse Group

9. Lhoist Group

10. Graymont Limited

11. Nordkalk Corporation

12. Indiana Limestone Company

13. Fels-Werke GmbH & Co. KG

14. Mississippi Lime Company