Latin America Limestone Market Size & Outlook, 2023-2030
Latin America limestone market, 2018-2030 (US$M)
Related Markets
Latin America limestone market highlights
- The Latin America limestone market generated a revenue of USD 1,924.6 million in 2023.
- The market is expected to grow at a CAGR of 6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,924.6 million |
| Market revenue in 2030 | USD 2,902.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 2.5% of the global limestone market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 72,361.7 million by 2030.
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Limestone Market Scope
Limestone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 81.36% in 2023. Horizon Databook has segmented the Latin America 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, the real GDP growth, as of May 2024 for Central America is 3.9% and for South America is 1.4%. The growth of the limestone market in Central & South America can be attributed to the rising investments in construction activities in the region.
For example, in December 2023, the Peruvian government employed NEC4 contracts to execute a USD 1.2 billion program aimed at demolishing and rebuilding 75 state schools across the country within three years.
Upcoming investments in residential and commercial projects are anticipated to propel the limestone market in the region. For instance, in April 2023, IRSA got approval for the construction of real estate projects in Costanera Sur and Ciudad Deportiva de Boca, Argentina.
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Our clientele includes a mix of limestone market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America limestone market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America limestone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America limestone market size, by country, 2018-2030 (US$M)
Latin America Limestone Market Outlook Share, 2023 & 2030 (US$M)
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