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What Are the Projected Market Size and Growth Rates for the Lime And Gypsum Products Market From 2025 To 2029?

In recent times, a significant growth has been observed in the size of the lime and gypsum products market. The growth is forecasted to increase from $59.87 billion in 2024 to $63.51 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%. This growth during the historical period was influenced by factors such as expansion of the construction industry, urbanization, agriculture, and environmental regulations.

The market size for lime and gypsum products is anticipated to experience consistent expansion in the upcoming years, projected to reach $76.14 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.6%. The escalation predicted during the forecast period can be associated with factors such as investments in infrastructure, practices in sustainable buildings, projects related to renewable energy, availability of raw materials and advancements in technology. Noteworthy trends in the forecast period encompass electrification and lightweighting, improved materials, additive fabrication, digitization and interconnectivity, as well as collaborations and partnerships.

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What Are the Primary Drivers Supporting the Market Growth of the Lime And Gypsum Products Market?

Anticipated expansion in the construction industry is likely to fuel the development of the lime and gypsum products market. Lime serves important roles in the construction sector, particularly in stabilizing soil for roads, earthen dams, airfields, and building foundations. Similarly, gypsum is integral in producing wallboards for covering walls and ceilings, and in making plaster for residential properties. For example, the Future of Construction 2030 report by Oxford Economics – a UK-based economic advisory service, predicts a global expenditure of $135 trillion on construction over the next decade until 2030. This escalating spending within construction is set to stimulate the industry’s growth, in turn creating demand for lime and gypsum products and consequentially driving the market’s growth in the future.

Which Primary Segments of the Lime And Gypsum Products Market Are Driving Growth and Industry Transformations?

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

Subsegments:

1) By Lime Products: Quicklime, Hydrated Lime, Dolomitic Lime, Refractory Lime

2) By Gypsum Products: Gypsum Boards, Gypsum Plaster, Gypsum Blocks, Plaster of Paris

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Lime And Gypsum Products Market?# Market?

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.

What Are the Most Significant Market Trends in the Lime And Gypsum Products Market?

To enhance their efficiency and productivity, global lime and gypsum product manufacturing firms are increasingly adopting IoT technology. By linking people, machines, and services, IoT allows for the swift flow of data and immediate decision-making. This technology brings several advantages including escalated asset uptime, effective maintenance prediction, and expedited processing and delivery durations. As noted in a November 2022 report by Ericsson, a Swedish telecommunication company, 1.3 billion connections in 2022 were facilitated by broadband IoT (4G/5G), which powers most cellular IoT devices. The prediction suggests that by the end of 2028, about 60% of these cellular IoT linkages will be broadband IoT connections, with 4G providing most of the connection. Particularly, North East Asia is taking the lead in cellular IoT connections, with a forecast of surging beyond 2 billion connections by 2023.

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What Parameters Are Used to Define the Lime And Gypsum Products Market?

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.

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