Lime And Gypsum Products Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

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Overview and Scope

Lime and gypsum products refer to a type of product that is manufactured by blasting the mines, being crushed, and being fed into a rotary kiln that transforms the limestone into lime when subjected to high temperatures using various processes, including milling, hydration, and lime slurry preparation.

Sizing and Forecast

The lime and gypsum products market size has grown strongly in recent years. It will grow from $55.95 billion in 2023 to $59.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to construction industry growth, urbanization, agriculture, environmental regulations.

The lime and gypsum products market size is expected to see strong growth in the next few years. It will grow to $74.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to infrastructure investments, sustainable building practices, renewable energy projects, raw material availability, technological advancements. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .

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Segmentation & Regional Insights

The lime and gypsum products market covered in this report is segmented –

1) By Type: Lime Products, Gypsum Products

2) By Product Type: Industrial-Grade, Pharmaceutical-Grade, Food-Grade

3) By Application: Building and Construction, Agriculture, Waste-Water Treatment, Paper Production, Other Applications

Western Europe was the largest region in the lime and gypsum products market in 2023. The Asia-Pacific was the second-largest region in the lime and gypsum products market. The regions covered in the clay products and refractories report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth

The growth of the construction sector is expected to propel the growth of the lime and gypsum products market. In the construction sector, lime is used for soil stabilization for roads, earthen dams, airfields, and building foundations. Gypsum is used in the manufacturing of wallboards that are used to cover walls and ceilings and to make plaster, which is used in the construction of residential properties. For instance, according to the report, Future of Construction 2030 report published by Oxford Economics a UK-based economic advisory firm, $135 trillion is expected to be spent on construction globally over the next decade until 2030. The increasing expenditure in the construction sector is expected to drive growth for the construction industry, thus generating demand for lime and gypsum products, driving the growth of the market going forward.

Key Industry Players

Major companies operating in the lime and gypsum products market include Compagnie de Saint-Gobain S.A, USG Corporation, China National Building Material Group Co. Ltd., Lhoist S.A., CRH plc, New Ngc Inc., Knauf Gips KG, CSR Limited, KCC Corporation, Ube Industries ltd, Eagle Materials Inc., LafargeHolcim Ltd., Boral Limited, National Gypsum Company, American Gypsum Company LLC, Georgia-Pacific LLC, CertainTeed Corporation, PABCO Building Products LLC, Yoshino Gypsum Co. Ltd., Continental Building Products Inc., Harrison Gypsum LLC, United States Gypsum Company, Gypsum Management and Supply Inc., GMS Inc., National Lime & Stone Company, Carmeuse Lime & Stone, Graymont Limited, Mississippi Lime Company, Cheney Lime & Cement Company, Chemical Lime Company, Martin Marietta Materials Inc., Vulcan Materials Company, CEMEX S.A.B. de C.V.

The lime and gypsum products market report table of contents includes: