The Limestone Market size is estimated at 0.87 Billion tons in 2024, and is expected to reach 1.04 Billion tons by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market due to lockdowns in various countries worldwide, which resulted in disruptions in manufacturing activities and supply chains. However, the market has been recovering since restrictions were lifted, in line with rising demand from various end-user industries, such as paper and pulp, water treatment, agriculture, and construction.
Over the short term, increasing demand from the construction industry and growing global steel production are some factors expected to drive market demand.
On the flip side, the health risks associated with limestone consumption and the high carbon dioxide emissions 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 while also witnessing the highest CAGR during the forecast period.
The limestone market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) Imerys, Carmeuse, Graymont Limited, Mineral Technologies Inc., and Omya International AG.
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