Limestone is a product which is naturally occurred as sedimentary rock, which is comprised of calcium carbonate (CaCO3) or dolomite in natural form. Limestone is formed and produced by gathering and accumulation of remains of different marine organisms including algae, coral, and molluscs. In addition, limestone can be produced with the precipitation of calcium carbonate from different lakes, oceans, and various other water bodies. Limestone is available in various different forms including aggregates, stones, crushed, and fine particles of different dimensions.
Limestone dimension, shape, and size depends on the requirement of particular purpose. For example, in various agricultural processes, limestone is used in the form of granular or medium ground. On the other hand, in various building & construction industries, it is chosen to be used in its crushed stone form.
Limestone is one of the important product which is used in various applications and is employed as an essential raw material for manufacturing steel as well as cement. The different variations of limestone that are based on its application comprises of industrial lime, refractory lime, chemical lime, and construction-based lime.
Limestone is useful in many construction activities as many of the population is investing in infrastructure, and government is supporting in emerging economies. There is a huge increase in projects related to construction, which in turn result in demand for building materials such as limestone, etc. and services across the globe. The buildings and statues can be easily damaged by acid rain or other climatic conditions, which may decrease the usage of limestone in construction activities.
$710.8 Mn
8.0%
- By Type
- By Region
- By Application
$1,537.1 Mn
One of the major trend observed in the limestone market is rapid industrialization and urbanization coupled with, increasing demand for cement in residential and commercial sectors, increasing use of product in and water treatment, and usage of limestone as a fertilizer in agriculture which helps to neutralize the acidity of soil and supply’s enough calcium for plant nutrition.
There are two limestone available on the basis of type such as high-calcium limestone and Magnesian limestone. High calcium limestone is widely used due to many advantages such as offering nutrition to the plants. Limestone is widely used in three applications such as construction materials, cement, lime. Increasing government initiatives and investments for construction activities in developing countries, result in growing demand for cement.
Due to rapid urbanization over the last few years, which has offered sufficient opportunity for the development of residential and commercial infrastructure in developed and developing countries. In addition, ever growing construction industries and manufacturing of steel requires big amount of limestone as raw material. Moreover, demand for limestone in manufacturing of cement and steel coupled with growing infrastructural activities, especially in India and China is increasing rapidly. Government has taken initiatives and implemented many projects for development of residential and commercial infrastructure in various countries which can create significant revenue opportunities for the manufacturers operating in the market globally.
The target market consists of large number of market players including, Dornier MedTech, Fotona, Lumenis, Cynosure, Quanta System, Topcon, Spectranetics, BioLase, Alma Laser, Syneron Candela, ZEISS, Cutera, IRIDEX, Miracle Laser, ARC LASER, Medelux, and Sunny Optoelectronic.
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