The Limestone Market is expected to grow at > 4.9% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Limestone Market
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.
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.
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Market Scope & Market Segmentation
Limestone Market Share: By End-Use Industry Type
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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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