Market Segmentation
A principal raw material that is used to manufacture cement and further utilized in the construction processes is Limestone. Limestone is extensively consumed for the production of cement, building & infrastructure materials, and construction aggregate. As limestone weathers quickly, it is a top priority material in the restoration construction project, allowing the new construction to blend in well with the existing part of the building. Moreover, as limestone provides a wide range of finishes such as brushed and polishes, it is widely used in contemporary architecture. Tiles made from limestone are widely used in interior and exterior walls & floorings, gardens, swimming pools, road surfaces, and pavements owing to their high aesthetic appeal. Furthermore, limestone is used as a filler in asphalt coating used in road construction. Hence, the demand for limestone is anticipated to be driven by the rising construction industry globally in the coming years. Owing to the aforementioned applications of limestone in the construction industry, the positive outlook of the global construction industry is expected to have a positive impact on the overall limestone demand. The restoration of existing building & infrastructure projects is anticipated to drive the expanding construction industry in Europe and North America while new construction projects owing to growing population and increasing urbanization are projected to drive the construction industry in Asia Pacific and the Middle East & Africa.
The two grades of calcium carbonate that are derived from limestone are Precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). A wide range of applications such as paints & Coatings, adhesives & sealants, and papers include both these grades. As it imparts brightness as well as opacity to the papers, Calcium carbonate is primarily added as a filler in alkaline papers or is applied as a coating pigment within the paper industry. Owing to the surge in the sustainability trend in packaging, steady growth has been recorded by the global industry over the past few years. The use of Paper packaging has been increased by the food & beverage companies in place of plastic packaging due to the increased awareness about sustainability among the customer base and the ban on single-use plastics. This is projected to drive the paper industry, thus, furthering the demand for calcium carbonate in the paper industry. Numerous regulations such as the EU’s Regulation 1169/2011, India’s Food Safety & Standards (Packaging & Labeling) Regulations, and the U.S. FDA’s Food Labeling Guide have mandated the printing of food-related information on packaging. The development of printable packaging materials such as paper products has been boosted by these regulations. Further, the demand for limestone is also increasing worldwide because of these favorable regulations.
Drilling, blasting, crushing, and processing primarily include the extraction process of limestone. There are severe environmental impacts of the complete extraction process as mining and further procedures lead to the pollution and depletion of water, depletion of natural flora and fauna, soil erosion, denudation of forest, changes in the landscape, degradation of agriculture land and pollution of soil as well as air. The impacts of these environmental issues are dependent on the extent of mining and the environmental sensitivity of the site of the mining. The effects often extend beyond the limitations of the mining areas including both the aquatic as well as terrestrial impacts. Changes in land use and land cover of the region are linked with opencast mining. In an eco-sensitive region such as forests, trees are initially cleared for mining activities, which leads to the loss of unique species. Besides, the topsoil, which is excavated, is the most fertile component of soil and it takes thousands of years to form. Dust particles are emitted and mixed in the environment during processes such as construction, drilling, transportation, excavations, and transportation.
This section will provide insights into the contents included in this limestone market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance