Limestone Market Outlook and Forecast Analysis by Types to 2028

Posted on 2020-06-02 by researchinsights in Chemicals // 0 Comments

02nd June 2020 – The Limestone Market is estimated to expand at a healthy CAGR in the upcoming period. Driven by promising benefits in cement production where limestone is used as a basic raw material ingredient. Limestone is a sedimentary rock with a major element calcium carbonate (CaCO3) in the form of mineral calcite.

Rapid industrialization and urbanization demands for cement across the globe will further show positive impact on the growth of the limestone market. Also, used as an alternative for lime in biochemical assays and construction industry will boost overall market growth in future. Easy availability, higher strength, durability, and resistance to corrosion are the factors that boost the preference for limestone as stone for outdoor fountain and landscaping, floor paving and tiles, and others to spur market growth in the forecast period.

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Furthermore, rising demand in agricultural sector as fertilizer and its use to treat wastewater will boost overall limestone market growth. This may be because of its ability to neutralize the acidity of soil and providing adequate calcium for plant nourishment. Rising demand for PCC in the paper and pulp manufacturing plant is an emerging trend. However, its hazardous effect on environment such as it may disrupt groundwater reservoir and surface water levels are restraining market growth. Also, strict government policy against limestone ore extraction in developed regions may hamper overall market development in future.

Leading Players Analysis covered in these report

LafargeHolcim
Cemex
Graymont
Nittetsu Mining
HeidelbergCement
Italcementi Group
Schaefer Kalk
Sumitomo Osaka Cement
NALC
Anhui Conch Cement
South Cement
China Resources Cement
BBMG
Jiangxi Wannianqing

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Market segment by Region/Country including:

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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