Limestone Market Size, Share & Trends Report

Limestone Market Size, Share & Trends Analysis Report By End-use Industry Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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Surging demand from construction and agriculture sector is expected to drive the global limestonemarket over the coming years. Limestone is a sedimentary rock consisting of calcium carbonate in the form of calcite. It is abundant in nature and around 10% of the land is made up off limestone and similar rocks. It consists of elements such as calcium, carbon and oxygen. There are various minerals such as marble, dolomite, and chalk that resembles with limestone but have different chemical composition.

The products of limestone have several applications. They are used in wastewater treatment, preparation of drinking water, enhancement of soil stability and removal of acid gas from flue gases. In lakes and soils, limestone can be used as an alkali for neutralization purpose. Owing to acid rains, acidity level in such sources increased over time. With growing global population, demand for fresh water is projected to rise, thereby, creating strong demand for limestone and related products.

As per the world water development report launched by the United Nations in 2018, global consumption of water observed a 1% growth per year due to the growth in population growth, economic development, and other factors. At the same, ground water has observed a significant decline in its level due to continued exploitation and usage. Such challenges have triggered the demand for fresh water from lakes, sea, and other water bodies. Water desalination, a process to convert sea water into usable water is widely gaining prominence. Desalination facilities require large quantities of limestone in order to neutralize the water content. Thereby, becoming one of the fastest growing application for limestone and related products.

Similarly, limestone finds application in treating industrial as well as mining wastewater. This application involves the pH adjustment of acidic waste and the removal of nitrogen and phosphorus by promoting clarification. In construction industry, high-purity limestone is used in airfields, soil stabilization for roads, building foundation, and earthen dams.

Glass industry consumes large volumes of limestone during its manufacturing process. Calcium carbonate serves as an important component and agent to improve the physical and mechanical properties of glass. It also helps to reduce the melting temperature of sand which leads to less consumption of energy. Soda-lime glass is a prevalent and inexpensive glass used in food and beverage applications, glass containers and windowpanes.

Despite aforementioned drivers, limestone market faces severe challenges due to the underdeveloped reserves in some of the major reserve holding countries. In addition, due to the presence of small mining companies and mafia’s in developing countries like India, Jamaica, and Brazil continue to affect the regional development of the industry. Lack of regulatory norms accompanied by absence of required infrastructure continue to hinder the growth of limestone in market in aforementioned countries.

Based on the end-user industry, the limestone market is classified into construction, chemical, steel & iron, glassmaking, water-treatment, agriculture, and others. The construction industry is a major consumer of limestone. Depending upon the quality, limestone can be used in the construction of roads and buildings. In roadway construction, limestone aggregates can be used as base material. Crushed limestone is used in Portland cement, asphalt pavement, asphalt surface treatments, railroad ballast, rip rap, road base and structural fill. Increasing investments in roadways, highways, malls, houses, buildings and industrial sites around the globe are expected to drive the demand for the products in the construction segment.

Other applications include animal feeds, cosmetics, fertilizers, toothpaste, floor tiles, paint and varnishes, pharmaceuticals, plastics, rubber, textiles, sugar, baking powder, and carpet backing among others. In the chemical industry, it is used in the manufacturing of lime, ammonia, sodium bicarbonate, sodium bichromate, soda ash, calcium carbide, calcium chloride and soda ash among others. In the steel & iron making, during extraction of iron from its ore, limestone acts as flux which converts calcium oxide into carbon dioxide.

The environmental regulations to reduce greenhouse emissions coupled with increasing awareness about global warming can critically impact the market over the coming years. In the cement industry, the manufacturing of clinker produces a substantial amount of carbon dioxide. It has been reported that cement industry alone causes 5% of carbon dioxide emissions in the global environment. Lime, iron & steel manufacturing industries are other major sources of carbon dioxide emissions.

Regional segmentation comprises of Europe, North America, Central & South America, Asia Pacific, and Middle East & Africa. North America region valued for a substantial share in the limestone market. The rising construction activities and rebuilding of infrastructure such as highways, bridges, and buildings in the U.S. is expected to drive the demand for the market. Demand from iron & steel sector and environmental protection industry for drinking water treatment, wastewater treatment and flue gas purification in the European countries is likely to fuel the demand for lime and related products. The rising industrial activities, demand from construction and chemical sector supported by increasing population are some of the drivers in Asia Pacific region. China, India, and Japan to remain key consumer countries in the Asia Pacific region. The demand from cement and agriculture industry in the Middle East and Africa is also expected to contribute to the growth of the industry.

The key limestone market participants include Tarmac, Lhoist, Schaefer Kalk GmbH & Co. KG., CARMEUSE, Fels-Werke GmbH., Lhoist Group, Elliot Stone Company, Inc., Graymont Limited, Indiana Limestone Company, Atlantic Minerals Limited and Sumitomo Osaka Cement Co.,Ltd.,

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