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Limestone Market Size, Share & Trends Analysis Report by End-use (Building & Construction, Iron & Steel, Agriculture, Chemical), by Region (North America, Europe, APAC, Central & South America, MEA), and Segment Forecasts, 2020 - 2027

  • ID: 5165363
  • Report
  • September 2020
  • Region: North America, Europe, Asia Pacific
  • 101 pages
  • Grand View Research
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FEATURED COMPANIES

  • CARMEUSE
  • CEMEX S.A.B de C.V
  • GCCP Resources Limited
  • Imerys
  • LafargeHolcim
  • Lhoist
  • MORE
Limestone Market Growth & Trends

The global limestone market size is anticipated to reach USD 102.7 billion by 2027, expanding at a CAGR of 4.4% from 2020 to 2027. Rising infrastructural developments in the developing economies of the world are expected to fuel market growth across the forecast period.

Limestone is a sedimentary rock and is rich in calcium carbonate. It has varying amounts of silica, clay, silt, and sand. The rock is known to be used for ample applications across various end-use industries, where building and construction are its major end-user owing to the easy availability of the material and the strength it provides. It finds application as a building material, in cement production, and as aggregates for road base.

Its abundance in nature makes it a preferable option in the construction sector where it is used as blocks, stone cladding on walls, floor paving, tiles, and retaining walls. Characteristics of the mineral include weather-resistant, high strength, the durability of the structure, high structural integrity, versatility, heat conductor, and low cost.

The mineral is gaining preference in countries with the presence of historic structures in terms of restoration. For example, in November 2019, the Public Works Department in Chennai, Tamil Nadu, India, introduced a stone roller yard for grinding sand and limestone for plastering, in an attempt to revive a traditional method of restoring heritage structures.

Accelerating demand for limestone witnessed a decline in 2020 on account of the outbreak of the covid-19 pandemic across the world. The pandemic compelled governments worldwide to impose lockdown and halt all sorts of activities, which drastically impacted the demand for limestone. The countries are striving to slowly regain their stability by offering ease in restrictions.

North America is a hard hit region by pandemic as a large number of cases have been reported in the countries, especially the U.S. However, governments in the region have made an attempt to permit operations, such as construction and manufacturing, to operate at minimal capacity. The resumption in construction activities is anticipated to balance the decline in limestone consumption owing to the spread of coronavirus. For example, in July 2020, a Euro 183 million (USD 209.4 million) contract was granted by the Canadian Province of Alberta’s Ministry of Transportation to the consortium of Vinci and Graham for building the final section of the West Calgary Ring Road Project. Such initiatives are anticipated to prove fruitful for market growth.

The global market is characterized by the presence of established players, which makes competitive rivalry extremely high. Many players are integrated across the value chain in order to gain a competitive edge by benefitting form an integrated supply chain. For instance, LafargeHolcin owns limestone quarries in different parts of the world and utilizes the quarried stone in cement, concrete, and aggregates production. In addition, the company is engaged in providing construction solutions. In May 2020, the company resumed its operations at a limestone mine in Meghalaya's East Khasi Hills, India in order to supply the raw material to its cement plant in Bangladesh.

Limestone Market Report Highlights
  • Asia Pacific is expected to register the fastest CAGR, in terms of revenue, over the forecast period as the region is known for its large production capacity for steel and cement
  • China was the largest consumer of limestone in the Asia Pacific in 2019. The country is quite ahead in resuming its operations and giving positive output compared to other countries, despite the pandemic. For example, China’s steel production was 4.5% higher in June 2020 compared to June 2019
  • The chemical end-use segment anticipated registering the highest CAGR of 5.2%, in terms of revenue, during the forecast period. The industry utilizes limestone in a number of ways, including the production of lime, sodium bicarbonate, soda ash, caustic soda, and ammonia
  • The iron and steel end-use segment accounted for a volume share of more than 5.0% in 2019. The crude steel production continued to maintain its operations at minimal capacity even during the lockdown as steel was considered under essential services in countries, like India
  • Apart from covid-19, limestone production has witnessed reluctance from common people on account of the impact of quarry operations on their lives and the environment. For example, in March 2020, Glenwood Springs Citizens’ Alliance charged the U.S. Bureau of Land Management for failing to regulate the mining activity at Rocky Mountain Industrials Limestone quarry by filing a lawsuit against them.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CARMEUSE
  • CEMEX S.A.B de C.V
  • GCCP Resources Limited
  • Imerys
  • LafargeHolcim
  • Lhoist
  • MORE
Chapter 1 Methodology and Scope
1.1. Market segmentation & scope
1.2. Market definition, research scope, and assumptions
1.3. Demand analysis methodology
1.4. List of data sources
1.5. Information procurement
1.6. Information analysis
1.7. Market formulation & data visualization
1.8. Data validation & publishing

Chapter 2 Executive Summary

Chapter 3 Limestone Market Variables, Trends, & Scope
3.1. Global limestone market outlook
3.2. Penetration & growth prospect mapping
3.3. Industry value chain analysis
3.3.1. Raw material trends
3.3.2. Manufacturing trends & technology overview
3.3.3. Sales channel analysis
3.4. Regulatory framework
3.5. Market dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry challenges - Impact of COVID-19
3.6. Business environment analysis: Limestone market
3.6.1. Industry analysis - Porter’s
3.6.2. PESTEL analysis

Chapter 4 Limestone Market: End-use Estimates & Trend Analysis
4.1. Definition & scope
4.2. End-use movement analysis & market share, 2019 & 2027
4.3. Construction
4.3.1. Limestone market estimates & forecasts, in construction, 2016 - 2027 (Million tons) (USD million)
4.4. Agriculture
4.4.1. Limestone market estimates & forecasts, in agriculture, 2016 - 2027 (Million tons) (USD million)
4.5. Iron & steel
4.5.1. Limestone market estimates & forecasts, in iron & steel, 2016 - 2027 (Million tons) (USD million)
4.6. Chemical
4.6.1. Limestone market estimates & forecasts, in chemical, 2016 - 2027 (Million tons) (USD million)
4.7. Others
4.7.1. Limestone market estimates & forecasts, in others, 2016 - 2027 (Million tons) (USD million)

Chapter 5 Limestone Market: Regional Estimates & Trend Analysis
5.1. Regional snapshot
5.2. Regional movement analysis & market share, 2019 & 2027
5.3. North America
5.3.1. North America limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.3.2. North America limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.3.3. North America limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.3.4. The U.S.
5.3.4.1. U.S. limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.3.4.2. U.S. limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.3.4.3. U.S. limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.3.5. Canada
5.3.5.1. Canada limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.3.5.2. Canada limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.3.5.3. Canada limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.3.6. Mexico
5.3.6.1. Mexico limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.3.6.2. Mexico limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.3.6.3. Mexico limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.4. Europe
5.4.1. Europe limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.4.2. Europe limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.4.3. Europe limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.4.4. Germany
5.4.4.1. Germany limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.4.4.2. Germany limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.4.4.3. Germany limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.4.5. The U.K.
5.4.5.1. U.K. limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.4.5.2. U.K. limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.4.5.3. U.K. limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.4.6. France
5.4.6.1. France limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.4.6.2. France limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.4.6.3. France limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5. Asia Pacific
5.5.1. Asia Pacific limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.2. Asia Pacific limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.3. Asia Pacific limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5.4. China
5.5.4.1. China limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.4.2. China limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.4.3. China limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5.5. India
5.5.5.1. India limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.5.2. India limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.5.3. India limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5.6. Japan
5.5.6.1. Japan limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.6.2. Japan limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.6.3. Japan limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5.7. South Korea
5.5.7.1. South Korea limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.7.2. South Korea limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.7.3. South Korea limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5.8. Bangladesh
5.5.8.1. Bangladesh limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.8.2. Bangladesh limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.8.3. Bangladesh limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.5.9. Indonesia
5.5.9.1. Indonesia limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.5.9.2. Indonesia limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.5.9.3. Indonesia limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.6. Central & South America
5.6.1. Central & South America limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.6.2. Central & South America limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.6.3. Central & South America limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.6.4. Brazil
5.6.4.1. Brazil limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.6.4.2. Brazil limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.6.4.3. Brazil limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)
5.7. Middle East & Africa
5.7.1. Middle East & Africa limestone market estimates & forecasts, 2016 - 2027 (Million tons) (USD million)
5.7.2. Middle East & Africa limestone market estimates & forecasts, by end use, 2016 - 2027 (Million tons)
5.7.3. Middle East & Africa limestone market estimates & forecasts, by end use, 2016 - 2027 (USD million)

Chapter 6 Limestone Market: Competitive Analysis
6.1. Key players, recent developments, & their impact on the industry
6.1.1. Major deals & strategic analysis
6.2. Vendor landscape
6.2.1. List of other prominent suppliers, manufacturers, and distributors
6.2.2. List of potential customers
6.3. SWOT
6.3.1. CEMEX S.A.B. de C.V
6.3.2. LafargeHolcim
6.3.3. Minerals Technologies Inc.

Chapter 7 Limestone Market: Company Profiles
7.1. Imerys
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. Lhoist
7.2.1. Company overview
7.2.2. Product benchmarking
7.2.3. Strategic initiatives
7.3. CARMEUSE
7.3.1. Company overview
7.3.2. Product benchmarking
7.3.3. Strategic initiatives
7.4. CEMEX S.A.B de C.V
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Strategic initiatives
7.5. GCCP Resources Limited
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Strategic initiatives
7.6. LafargeHolcim
7.6.1. Company overview
7.6.2. Financial performance
7.6.3. Product benchmarking
7.6.4. Strategic initiatives
7.7. Minerals Technologies Inc.
7.7.1. Company overview
7.7.2. Financial performance
7.7.3. Product benchmarking
7.7.4. Strategic initiatives
7.8. National Lime & Stone Company
7.8.1. Company overview
7.8.2. Product benchmarking
7.8.3. Strategic initiatives
7.9. US Aggregates
7.9.1. Company overview
7.9.2. Product benchmarking
7.9.3. Strategic initiatives
7.10. Saudi Lime Industries Co.
7.10.1. Company overview
7.10.2. Product benchmarking
7.11. Mississippi Lime Company
7.11.1. Company overview
7.11.2. Product benchmarking
7.11.3. Strategic initiatives
7.12. United States Limes & Minerals Inc.
7.12.1. Company overview
7.12.2. Product benchmarking

List of Tables
Table 1 Limestone market estimates and forecasts in construction, 2016 - 2027 (Million tons) (USD Million)
Table 2 Limestone market estimates and forecasts in agriculture, 2016 - 2027 (Million tons) (USD Million)
Table 3 Limestone market estimates and forecasts in iron and steel, 2016 - 2027 (Million tons) (USD Million)
Table 4 Limestone market estimates and forecasts in chemical, 2016 - 2027 (Million tons) (USD Million)
Table 5 Limestone market estimates and forecasts in other end uses, 2016 - 2027 (Million tons) (USD Million)
Table 6 North America limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 7 North America limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 8 North America limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 9 U.S. limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 10 U.S. limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 11 U.S. limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 12 Canada limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 13 Canada limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 14 Canada limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 15 Mexico limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 16 Mexico limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 17 Mexico limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 18 Europe limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 19 Europe limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 20 Europe limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 21 Germany limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 22 Germany limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 23 Germany limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 24 U.K. limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 25 U.K. limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 26 U.K. limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 27 France limestone market estimates and forecasts, 2016 - 2027 (USD Million) (Million tons)
Table 28 France limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 29 France limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 30 Asia Pacific limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 31 Asia Pacific limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 32 Asia Pacific limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 33 China limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 34 China limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 35 China limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 36 India limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 37 India limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 38 India limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 39 Japan limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 40 Japan limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 41 Japan limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 42 South Korea limestone market estimates and forecasts, 2016 - 2027 (Million tons) (USD Million)
Table 43 South Korea limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 44 South Korea limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 45 Indonesia limestone market estimates and forecasts, 2016 - 2027 (USD Million) (Million tons)
Table 46 Indonesia limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 47 Indonesia limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 48 Bangladesh limestone market estimates and forecasts, 2016 - 2027 (USD Million) (Million tons)
Table 49 Bangladesh limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 50 Bangladesh limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 51 Central & South America limestone market estimates and forecasts, 2016 - 2027 (USD Million) (Million tons)
Table 52 Central & South America limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 53 Central & South America limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 54 Brazil limestone market estimates and forecasts, 2016 - 2027 (USD Million) (Million tons)
Table 55 Brazil limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 56 Brazil limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)
Table 57 Middle East & Africa limestone market estimates and forecasts, 2016 - 2027 (USD Million) (Million tons)
Table 58 Middle East & Africa limestone market estimates and forecasts, by end use, 2016 - 2027 (Million tons)
Table 59 Middle East & Africa limestone market estimates and forecasts, by end use, 2016 - 2027 (USD Million)

List of Figures
Figure 1 Market segmentation & scope
Figure 2 Information procurement
Figure 3 Data analysis models
Figure 4 Market formulation and validation
Figure 5 Data validating & publishing
Figure 6 Limestone market: End-Use movement analysis, 2019 & 2027
Figure 7 Limestone market: Regional snapshot
Figure 8 Limestone market: Regional movement analysis, 2019 & 2027
Figure 9 U.S. limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 10 Canada limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 11 Mexico limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 12 Germany limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 13 U.K. limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 14 France limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 15 China limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 16 India limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 17 India cement production, 2019-2019 (Kilotons)
Figure 18 Japan limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 19 South Korea limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 20 South Korea number of apartment construction, 2009 -2019 (thousand units)
Figure 21 Bangladesh limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 22 Indonesia limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 23 Brazil limestone prices, CIF, FOB, and domestic prices, 2016 - 2027 (USD per ton)
Figure 24 SWOT analysis (top 3 companies)
Note: Product cover images may vary from those shown
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  • Imerys
  • Lhoist
  • CARMEUSE
  • CEMEX S.A.B de C.V
  • GCCP Resources Limited
  • LafargeHolcim
  • Minerals Technologies Inc.
  • National Lime & Stone Company
  • US Aggregates
  • Saudi Lime Industries Co.
  • Mississippi Lime Company
  • United States Limes & Minerals Inc.
Note: Product cover images may vary from those shown
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