Market Size of Limestone Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Limestone Market Analysis
The limestone market is expected to reach over 790,000 kilotons by the end of this year and is projected to register a CAGR of over 3% during the forecast period.
The market was negatively impacted by the COVID-19 outbreak due to nationwide lockdowns in various parts of the world. The lockdown resulted in disruption in manufacturing activities and supply chains. However, the sector has been recovering since restrictions were lifted owing to the rising demand from various end-use industries, such as paper and pulp, water treatment, agriculture, construction, and others.
- Over the short term, increasing demand from the construction industry and growing global steel production are some factors driving the market demand.
- On the flip side, the health risks associated with limestone consumption and the high carbon dioxide emission from agricultural liming may hinder the market's growth.
- The upcoming global wastewater treatment projects are likely to create lucrative growth opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
