The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Lime And Gypsum Products Global Market Report 2023, the lime and gypsum products market is expected to show significant growth in the forecast period.

The lime and gypsum products market has witnessed robust expansion, evolving from $55.95 billion in 2023 to a projected $59.54 billion in 2024. This surge reflects a notable Compound Annual Growth Rate (CAGR) of 6.4%. The historical momentum is underpinned by pivotal factors such as construction industry growth, urbanization, agricultural demands, and environmental regulations.

The Forecast: Upward Momentum
Looking ahead, the market is poised for even more substantial growth. Projections indicate a climb to $74.43 billion by 2028, with a CAGR of 5.7%. This optimistic forecast attributes the anticipated expansion to a confluence of factors, including infrastructure investments, sustainable building practices, renewable energy projects, raw material availability, and technological advancements.

Construction Sector Boom: A Prime Catalyst

Construction Industry’s Role:

• Lime for soil stabilization in roads, earthen dams, airfields, and building foundations.
• Gypsum in wallboard manufacturing for walls, ceilings, and plaster in residential construction.

Global Construction Expenditure:

• According to the Future of Construction 2030 report by Oxford Economics, a staggering $135 trillion is projected to be spent on global construction by 2030.
• This massive investment is set to fuel construction industry growth, consequently driving demand for lime and gypsum products.

Industry Giants:

• Key players in the lime and gypsum products market include Compagnie de Saint-Gobain S.A, USG Corporation, China National Building Material Group Co. Ltd., and others.

View More On The Lime And Gypsum Products Market Report 2023 – https://www.thebusinessresearchcompany.com/report/lime-and-gypsum-products-global-market-report

Innovation Paving the Way

Product Development Strategies:

• Major companies are innovating to expand their customer bases and boost revenue.
• A notable example is Adaptavate, a UK-based developer, which launched a drywall made from absorbed carbon dioxide in March 2022.

Carbon-Negative Building Materials:

• Adaptavate’s product is a novel plasterboard created from agricultural waste and a lime-based binding agent.
• It absorbs CO2, eliminating the need for gypsum, a resource associated with high emissions.

Market Segmentation:

• The lime and gypsum products market is segmented by type (Lime Products, Gypsum Products), product type (Industrial-Grade, Pharmaceutical-Grade, Food-Grade), and application (Building and Construction, Agriculture, Waste-Water Treatment, Paper Production, Other Applications).

Regional Dominance

Western Europe’s Command:

• In 2023, Western Europe emerged as the largest region in the lime and gypsum products market.

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The Lime And Gypsum Products Global Market Report 2023  provides an in-depth analysis on the lime and gypsum products market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the lime and gypsum products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 View More Related Reports –
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Refractories Global Market Report 2023
Gypsum Global Market Report 2023

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