“Americas high-purity limestone market is anticipated to surpass USD 1,600 million by 2030 while growing at a lucrative CAGR of 7.2% during the forecast period from 2020 to 2030”, says Visiongain
09 January 2020
Visiongain’s new report Americas High-Purity Limestone Market Report 2020-2030 : Forecasts by Type (Crushed, Calcined, Ground), Application (Agricultural, Chemical, Construction, Metallurgical, Paper & Pulp, Water & Wastewater, Others), and by region and analysis of leading companies operating in this industry.
Americas high-purity limestone market is anticipated to surpass USD 1,600 million by 2030 while growing at a lucrative CAGR of 7.2% during the forecast period from 2020 to 2030.
Crushed limestone is used primarily as an ingredient in Portland cement clinker processing. High-purity calcareous with sand, water, and other aggregates is finely ground, mixed in ratios, and then heated to 2,640 degrees Fahrenheit for cement clinker output.
The growing number of road projects, new manufacturing facilities and the construction of large corporate offices would increase the demand for cement. Also, it is expected that increased government spending in the construction of public transit projects, as well as green infrastructure, would boost the market for cement further.
In metallurgical operations, high-purity calcareous is largely used. In the steel manufacturing sector, for example, it is used as a fluxing material to remove impurities such as sulfur, phosphorus, and silica. Also, the material is commonly used to remove impurities during iron extraction.
In the year 2018, the crushed category dominated the American high purity limestones market. The material is pulverized and used mainly for construction purposes. As per its intended use, it is available in various shapes as well as sizes. It can be used to make concrete, which is a combination of water, salt, cement, and crushed aggregate. Crushed limestone also serves as a base for road-making. Due to its ability not to contract & expand, the product is often used for bedding underground pipes, thus preserving the integrity of the pipeline.
In construction & engineering applications, high-purity limestones are used in metal manufacturing processes such as smelting to remove impurities. It can be used in agricultural applications to control soil pH levels and thus improvise soil conditions in better availability of crops.
In the year 2018, North America dominated the global high-quality limestone market owing to growing investments in the country to sustain, upgrade and build new infrastructure. Also, the growing demand for air travel in the United States is further anticipated to fuel demand for high-quality limestone in the expansion of airports.
Cement producers need a variety of raw materials and fuels including high-purity limestones, clay, and coal. Cement firms with their quarries or mines are likely to experience a stable supply of limestone products, which is the primary raw material used in cement production. Suppliers are also engaged in business with key customers in construction industries that need end-use items such as cement and concrete.
Some of the key high-purity limestone market players include Atlantic Minerals Limited, Carmeuse, Cerne Calcium Company, Graymont Limited, ILC Resources, Lhoist, Minerals Technologies Inc., Nittetsu Mining Co., Ltd., Sumitomo Osaka Cement Co., Ltd., United States Lime & Minerals, Inc., among other prominent players.
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