Americas High-Purity Limestone Market is projected to account USD 1.3 billion by the end of projected period, 2025 and registering 6.9% CAGR over the forecast period from 2018 to 2025, according to Million Insights. Growing metallurgical operations is expected to drive the high-purity limestone market growth in North America.
The World Steel Association
reported that, North America is one of the largest users of steel for military
and national security. Energy infrastructure such as electricity, petroleum
refineries, power generating plants, storage tanks, utility distribution poles,
electrical power and distribution transformers, utilize steel. Moreover, in
transportation industry, steel is highly used for bridges, railroads, seaports,
navigation systems, and mass transit systems. Therefore, it has been observed
that steel consumption from 2016 to 2017 has increased by 2,039.9 kilotons.
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The key driving factors responsible for the growth of Americas
High-Purity Limestone market :
Further key findings from the
report suggest:
• Among applications,
construction segment is projected to account for USD 282.2 million by the end
of projected year, 2025 and expected to grow with 6.6% CAGR during the forecast
period from 2018 to 2025. This growth is attributed to growing investment on
construction of social infrastructure.
• The water and wastewater
sub-segment is projected to grow with a CAGR of more than 7.0% in terms of
revenue during the forecast period.
• In 2017, metallurgical
application held the largest market share of more than 44.0% in terms of
revenue. Growing production & sales of automobiles in this region is
driving the metal products demands, thereby anticipated to drive the Americas
high-purity limestone market growth.
• By 2025, Central and South
America market is expected to touch 14, 450.2 kilotons.
• North America is expected to
grow with a CAGR of more than 7.0% in terms of revenue during then forecast
period. Growing investment in construction sector in Mexico and Canada is
expected to boost the market growth.
• Carmeuse; Graymont Limited;
Lhoist; Nittetsu Mining Co., Ltd.; United States Lime & Minerals, Inc. and
Minerals Technologies Inc., are key players operating in the market.
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