Lime is a versatile mineral which contain calcium and is composed mainly of hydroxide, and oxides, usually calcium hydroxide and calcium oxide. And gypsum is a soft sulfate mineral which is consist of calcium sulfate dehydrate. Lime and gypsum minerals and related products are widely mined and can be used in the range of applications such as in the building and construction materials. The basic raw materials used for the manufacturing lime and gypsum product include dolomite limestone, calcite limestone, and other calcareous materials such as shells, chalk, and coral.
A surge in the adoption of a variety of lime and gypsum products in applications such as environmental, construction, metallurgical, chemical, and industrial applications, and many others is major driving factor behind the growth of the market. Likewise, factors such as growing production of lime and gypsum across the globe, increasing significance of lime in environmental applications such as wastewater, drinking water, air, and solid waste, a surge in the demand for gypsum plaster in the construction industry, and increased use of gypsum in the interior designing industry to create designer ceilings are expected to improve growth of the market during the forecast period.
Nevertheless, high cost of gypsum plaster than traditional cement or sand plaster is major restraining factor that could hamper the growth of the market.
The study analyses global lime and gypsum product market based on type, grade, application and geography.
Based on type, gypsum segment is expected to witness fast growth during the estimated timeframe. The primary growth factor behind the market growth is rising use of gypsum products for building plasters and wallboard products. In addition, growing applications of gypsum products in mushroom cultivation to stop grains from clumping together, for reclamation of saline soils, in concrete blocks in building construction, and as a plaster ingredients in surgical splints, casting moulds and modeling is further likely to improve growth of this segment.
Based on grade, industrial grade segment dominated the market in the past year and is likely to maintain its dominance during the forecast period. A growing production and availability of industry grade lime and gypsum products and surge in the demand for industry grade products in a number of industrial applications owing to their benefits is fuelling the growth of this segment.
Based on application, building and construction segment is projected to witness fast growth during the projection period. An increasing use of lime and gypsum products in all types of buildings both non-residential and residential, and for refurbishment as well as construction is main benefiting factor behind the growth of this segment. Besides, surge in the use of lime products in building and engineering materials such as limestone products, concrete, cement, and mortar and increasing demand for gypsum products in applications such as decorative plasters, gypsum fiberboard, plaster block and many others is further anticipated to attribute to the market growth.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Europe held the largest market share of global lime and gypsum product market and is likely to dominate the market over the estimated time frame. On the other hand, Asia pacific is projected to witness fast growth during the projection period. An increasing production of lime and gypsum in countries such as India and China, growing building and construction activities across the region, increasing government investments in end use industries such as agriculture, building and construction, pater production and many others some of the major factors that accredited to the market growth.
The major key players of market includes Carmeuse, Graymont, Lhoist, Minerals Technologies, and Mississippi Lime among others.
The study analyses global lime and gypsum product market based on type, grade, application, and geography. Lime and gypsum product market by type is segmented into lime products and gypsum products. The gypsum product is segment is likely to dominate the market over the forecast period. Increased adoption of gypsum products a variety of end use industries is attributed to the market growth. By grade, the market is segmented into industrial-grade, pharmaceutical-grade, and food-grade. The market finds application in agriculture, building and construction, paper production, waste-water treatment, and others. The building and construction segment is likely to register fastest growth in years to come owing to the increasing construction activities across the globe. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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