Lime And Gypsum Products Global Market To Reach Value Of About $78.06 Billion In 2025
20 Jan, 2021
The lime and gypsum products market consists of sales of lime and gypsum products by entities (organizations, sole traders and partnerships) manufacturing lime from calcitic limestone or other calcareous materials, such as coral, chalk and shells and manufacturing gypsum products such as wallboard, plaster, plasterboard, molding, ornamental moldings, statuary, and architectural plaster work. Raw materials used for lime and gypsum product manufacturing include calcite limestone, dolomite limestone, and other calcareous materials such as coral, chalk, and shells. Limestone quarried by blasting the mines is crushed and fed into a rotary kiln. The rotary kiln transforms the limestone into lime when subjected to high temperature. Lime refining process includes milling, hydration, and lime slurry preparation. Gypsum is used in production of plaster, plaster boards, gypsum fireboards and gypsum blocks.
Global Lime And Gypsum Products Market Size And Drivers:
The global lime and gypsum products market is expected to grow from $55.19 billion in 2020 to $58.48 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The market is expected to reach $78.06 billion in 2025 at a CAGR of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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Trends In The Global Lime And Gypsum Products Market
Global lime and gypsum product manufacturing companies are adopting and implementing IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance and faster processing and delivery time.
Global Lime And Gypsum Products Market Segments:
The global lime and gypsum products market is further segmented based on type, application, product type and geography.
By Type: Lime Products, Gypsum Products.
By Application: Building and Construction, Agriculture, Waste-Water Treatment, Paper Production, Others.
By Product Type: Industrial-Grade, Pharmaceutical-Grade, Food-Grade.
By Geography: The global lime and gypsum products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Western Europe was the largest region in the global lime and gypsum product market, accounting for 29% of the total market.
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Lime And Gypsum Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides lime and gypsum products market overviews, analyzes and forecasts market size and growth for the global lime and gypsum products market, lime and gypsum products market share, lime and gypsum products market players, lime and gypsum products market segments and geographies, lime and gypsum products market’s leading competitors’ revenues, profiles and market shares. The lime and gypsum products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.