Global Growth in Construction to take Global Limestone Industry up on the Growth Curve
Limestone is a hard sedimentary rock, primarily composed of calcium carbonate or dolomite, which is used as building material and in the manufacturing of cement. Since limestone is a key element in construction activity, it plays an important role in making non- ferrous metals and steel, and also in manufacturing of iron. Limestone is also used for wastewater treatment. In chemical industry it is used for making bleaches and to make precipitated calcium carbonate. However, the largest use of limestone is in construction industry particularly building projects, bridges, and skyscrapers. The global limestone market is huge and growing due to this vast application base. The report available with DecisionDatabases.com highlights the worldwide driving forces and foresees opportunities which can be commercialized to convert the business profitable.
The increase in the number of a construction project is leading to an increase in the worldwide demand for cement which in turn is driving the limestone market on the growth curve. The tremendous change from rural to an urban area is another aspect that has created a platform for the residential structure which is consequently boosting the demand for limestone globally. The other major driver for limestone market is growing demand of steel production in many developed countries. On the other hand, demand from paper and packaging industries is also contributing towards the positive outlook for the market.
Owing to the rising construction activities and residential buildings in India and China, Asia Pacific region has emerged as a leading market for limestone across the globe. The market for limestone will continue to grow in the coming years due to rapid urbanization and infrastructural development across the nations. Moreover, increasing government investment in infrastructure development is augmenting the demand of limestone in construction. In addition, growing need for clean water across the water scarce regions is also propelling the market growth at a significant pace. Also, the exterior and interior designing sectors are the key aspect of the rapid growth of the limestone production industry. Moreover, expansion of the chemical industry is another major factor contributing towards the healthy growth in the near future.
On the other hand, the market is expected to face few challenges due to rising environmental concern as the burning of limestone results into toxic emissions of gases in the environment.
The report “Global Limestone Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast 2017 - 2024
” is a detailed study of the market introspecting the future trends of the industry. The market competitors are profiled elaborately in the report. Some of the leaders mentioned in the report are - Adelaide Brighton Ltd, Carmeuse Group SA, Fels-Werke GmbH,Fujian Sanmu Nano Calcium Carbonate Co., Graymont Ltd, Huber Engineered Materials, IMERYS, Lhoist Group, MINERAL TECHNOLOGIES INC., Mississippi Lime Co Inc., Mitsubishi Materials Corporation, Nittetsu Mining Co. Ltd., Sumitomo Osaka Cement Co. Ltd, Tarmac,Todaka Mining Co. Ltd
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