Jan 18, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Limestone Market.
It was estimated prior to this unanticipated outbreak that the Limestone Market is likely to witness a CAGR of 4.9% during the forecast period. The prime factors that are driving the limestone market are expanding application range and surge in demand from the Asia-Pacific region.
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Limestone is a carbonate sedimentary rock which is composed of minerals calcite and aragonite. The limestone market, in terms of application type, is categorized into industry lime, chemical lime, construction lime, and refractory lime. On the basis of end-use industry type, it can be categorized into pulp and paper, water treatment, agriculture, plastics, building and construction, steel manufacturing, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the end-use industry type, the limestone market is segmented as pulp and paper, water treatment, agriculture, plastics, building and construction, steel manufacturing, and others. Steel manufacturing industry is expected to maintain its dominant position in the market during the forecast period. Increasing global steel production in order to meet requirement for infrastructure projects and rising demand from developing nations are the major factors driving the growth of the steel industry. Limestone and other lime products are used as fluxing material in steelmaking.
In terms of regions, Asia-Pacific is estimated to be the largest market for limestone during the forecast period. China, Japan, South Korea, and India are the largest consumers of limestone in the region. Significant economic development in the region is paving the path of pulp & paper, electrical & electronic, building & construction, and automotive industries. North America and Europe are also expected to witness a healthy demand for limestone material owing to the revival of the construction industry from global economic slowdown and expanding automotive and electrical & electronic industries.
Key players operating in the global Limestone market are-
- Alumina-Chemicals & Castables
- Aluminum Corporation of China Ltd. (CHALCO)
- Nabaltec AG
- Sumitomo Chemical Co., Ltd.
- Huber Engineered Materials
- LKAB Minerals AB
- TOR Minerals
- Akrochem Corporation
- Hindalco Industries Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Limestone analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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