India Limestone Market Size & Outlook, 2023-2030
India limestone market, 2018-2030 (US$M)
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India limestone market highlights
- The India limestone market generated a revenue of USD 3,231.4 million in 2023 and is expected to reach USD 5,849.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, construction was the largest revenue generating application in 2023.
- Chemical is the most lucrative application segment registering the fastest growth during the forecast period.
Limestone market data book summary
| Market revenue in 2023 | USD 3,231.4 million |
| Market revenue in 2030 | USD 5,849.7 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Chemical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Iron & Steel, Agricultural, Chemical, Other Applications |
| Key market players worldwide | Cemex SAB de CV ADR, Imerys, Holcim Ltd, Minerals Technologies Inc, GCCP Resources, Mississippi Lime Company, Carmeuse, Lhoist Group, National Lime and Stone Company |
Other key industry trends
- In terms of revenue, India accounted for 4.2% of the global limestone market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China limestone market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,849.7 million by 2030.
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Limestone Market Scope
Limestone Market Companies
| Name | Profile | # Employees | HQ | Website |
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India limestone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to limestone market will help companies and investors design strategic landscapes.
Construction was the largest segment with a revenue share of 88.97% in 2023. Horizon Databook has segmented the India limestone market based on construction, iron & steel, agricultural, chemical, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
According to IMF, India’s real GDP growth was 7.8% in 2023, and is forecasted to grow by 6.8% and 6.5% in 2024 and 2025, respectively. India is an agrarian economy focusing on improving infrastructure development. The limestone market in the country is expected to rise due to the rising demand for agrochemicals in the agriculture sector and product application in cement production.
The population is increasing rapidly in India and shrinking the land available for cultivation. This is increasingly growing the importance of fertilizers and agrochemicals to enhance the productivity of the land and contribute to the growth of limestone consumption over the forecast period.
Other factors such as rising urbanization, increasing disposable income & consumption of processed food, and the emergence of nuclear families generate demand for agriculture. The food & agricultural industry is poised to proliferate in India owing to the potential contribution towards world food trade within the food processing industry.
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Our clientele includes a mix of limestone market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India limestone market , including forecasts for subscribers. This country databook contains high-level insights into India limestone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India limestone market size, by application, 2018-2030 (US$M)
India Limestone Market Outlook Share, 2023 & 2030 (US$M)
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