Steady Growth in Infrastructure Spending Drives the Global Limestone Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 31, 2014 -- Follow us on LinkedIn – Limestone, often referred to as the world’s most versatile mineral, is an important raw material for various industries. Gradually reviving construction industry, steady growth in steel production, and renewed spending on public infrastructure across the world are all factors expected to drive growth in the market for the next few years. Growth is also expected to stem from other commercial sectors such as glass and sugar, which represent major end-markets for limestone.
With growth in the limestone market being strongly linked to the construction industry, steel production and cement manufacturing, the world economic recession, not surprisingly weakened sales in the international market. Developed regions such as North America and Europe bore the brunt of the slowdown while developing countries, given their relatively higher national savings at both the government and household levels, witnessed a relatively cushioned impact. The limestone market recovered in the year 2010 in sync with the resurgence in growth driving market fundamentals. The recovery was triggered by factors such as economic stimulus plans implemented and enforced by governments across the world, improvements in manufacturing activity and rebound in infrastructure spends, among others. The current high growth in the construction sector in developing countries such as China and India is expected to bode well for limestone demand offsetting the flat growth in developed markets.
Use of limestone in the production of cement as well as in several other chemicals that are used in the production of numerous high-value every-day products is expected to offer significant opportunities for future market growth. Use of limestone as the primary raw material, in environmental mitigation processes such as water purification, soil stabilization, fertilization, etc. is also expected to support demand in the market.
As stated by the new market research report on Limestone, Asia-Pacific represents the largest market worldwide supported by massive investments in the construction sector in China and India. Growth in the region is forecast to grow at the fastest CAGR of 5.8% over the analysis period. China represents the largest producer of limestone in the world. However, in order to comply with growing domestic demand and to preserve its natural reserves, China is expected to restrict the export of limestone which in turn will influence the global supply-demand balance.
Key players covered in the report include Adelaide Brighton Ltd., Atlantic Minerals Limited, Buechel Stone Corp., Carmeuse Group S.A., Elliott Stone Company, Inc., Fels-Werke GmbH, Xella International GmbH, Graymont Limited, Grupo Calidra, Independent Limestone Company, LLC, Indiana Limestone Company, Inc., Lhoist Group, Mississippi Lime Company, Mitsubishi Materials Corporation, Nittetsu Mining Co., Ltd., North American Limestone Corporation, Schaefer Kalk GmbH & Co KG, Sumitomo Osaka Cement Co., Ltd., Taiheiyo Cement Group, Lafarge Tarmac Limited, Todaka Mining Co. Ltd. and UBE Material Industries Ltd.
The research report titled “Limestone: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections in tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Limestone_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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