Limestone Market To Reach $120.70 Billion By 2030 | CAGR 7.4%

Limestone Market Growth & Trends

The global limestone market size is expected to reach USD 120.70 billion by 2030, registering a CAGR of 7.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising infrastructural developments in the developing economies of the world are expected to fuel market growth across the forecast period.

Limestone is a sedimentary rock and is rich in calcium carbonate. It has varying amounts of silica, clay, silt, and sand. The rock is known to be used for ample applications across various end-use industries, where building and construction are its major end-user owing to the easy availability of the material and the strength it provides. It finds application as a building material, in cement production, and as aggregates for road base.

Its abundance in nature makes it a preferable option in the construction sector where it is used as blocks, stone cladding on walls, floor paving, tiles, and retaining walls. Characteristics of the mineral include weather-resistant, high strength, the durability of the structure, high structural integrity, versatility, heat conductor, and low cost.

The mineral is gaining preference in countries with the presence of historic structures in terms of restoration. For example, in November 2019, the Public Works Department in Chennai, Tamil Nadu, India, introduced a stone roller yard for grinding sand and limestone for plastering, in an attempt to revive a traditional method of restoring heritage structures.

Accelerating demand for limestone witnessed a decline in 2020 on account of the outbreak of the covid-19 pandemic across the world. The pandemic compelled governments worldwide to impose lockdown and halt all sorts of activities, which drastically impacted the demand for limestone. The countries are striving to slowly regain their stability by offering ease in restrictions.

North America is a hard hit region by pandemic as a large number of cases have been reported in the countries, especially the U.S. However, governments in the region have made an attempt to permit operations, such as construction and manufacturing, to operate at minimal capacity. The resumption in construction activities is anticipated to balance the decline in limestone consumption owing to the spread of coronavirus. For example, in July 2020, a Euro 183 million (USD 209.4 million) contract was granted by the Canadian Province of Alberta’s Ministry of Transportation to the consortium of Vinci and Graham for building the final section of the West Calgary Ring Road Project. Such initiatives are anticipated to prove fruitful for market growth.

The global market is characterized by the presence of established players, which makes competitive rivalry extremely high. Many players are integrated across the value chain in order to gain a competitive edge by benefitting form an integrated supply chain. For instance, LafargeHolcin owns limestone quarries in different parts of the world and utilizes the quarried stone in cement, concrete, and aggregates production. In addition, the company is engaged in providing construction solutions. In May 2020, the company resumed its operations at a limestone mine in Meghalaya's East Khasi Hills, India in order to supply the raw material to its cement plant in Bangladesh.

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Limestone Market Report Highlights

• Limestone is extensively used as a construction material as it adds both beauty and strength to the architecture of a project, hence it has been preferred by architects and builders over the past many years.

• The high calcium segment held a significant revenue share in 2024 due to its extensive use in steel production, environmental applications, and chemical industries.

• The magnesian limestone segment is expected to observe the fastest CAGR from 2025 to 2030, especially valued in construction and agricultural applications for its additional magnesium content.

• Asia Pacific limestone market held the revenue share of almost 56% in 2024. Asia Pacific limestone market dominates the market on account of being the largest steel producer in the world and the growth of the construction sector in the developing economies of the region.

Limestone Market Segmentation

Grand View Research has segmented global limestone market report based on the product, end-use, and region:

Limestone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• High Calcium

• Magnesian

Limestone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction

• Iron & Steel

• Agriculture

• Chemical

• Others

Limestone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Indonesia

  • South Korea

  • Bangladesh

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

  • UAE

  • Kuwait

List of Key Players of Limestone Market

• CARMEUSE

• CEMEX S.A.B. de C.V

• GCCP Resources Limited

• Imerys

• Holcim Group

• Lhoist

• Mineral Technologies Inc.

• Mississippi Lime Company

• National Lime & Stone Company