The Business Research Company’s Lime And Gypsum Products Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON , UK, July 14, 2021 /EINPresswire.com/ — According to the new market research report ‘Lime And Gypsum Products Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the global lime and gypsum products market is expected to grow from $55.19 billion in 2020 to $58.48 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The market is expected to reach $78.06 billion in 2025 at a CAGR of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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The lime and gypsum products market consists of sales of lime and gypsum products by entities (organizations, sole traders and partnerships) manufacturing lime from calcitic limestone or other calcareous materials, such as coral, chalk and shells and manufacturing gypsum products such as wallboard, plaster, plasterboard, molding, ornamental moldings, statuary, and architectural plaster work. Raw materials used for lime and gypsum product manufacturing include calcite limestone, dolomite limestone, and other calcareous materials such as coral, chalk, and shells. Limestone quarried by blasting the mines is crushed and fed into a rotary kiln. The rotary kiln transforms the limestone into lime when subjected to high temperature. Lime refining process includes milling, hydration, and lime slurry preparation. Gypsum is used in production of plaster, plaster boards, gypsum fireboards and gypsum blocks. Small quantities of high-purity gypsum are also used in confectionary, food, brewing, sugar beet refining, and the pharmaceuticals industry.
Trends In The Global Lime And Gypsum Products Market
Global lime and gypsum product manufacturing companies are adopting and implementing IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance and faster processing and delivery time. According to a survey conducted by Mckinsey, 27% of the manufacturing companies adopt IoT to optimize service operations, 20% to improve visibility of operations, 14% to enable new business models, products and services and 12% to optimize manufacturing process.
Global Lime And Gypsum Products Market Segments:
The global lime and gypsum products market is further segmented based on type, application, product type and geography.
By Type: Lime Products, Gypsum Products
By Application: Building and Construction, Agriculture, Waste-Water Treatment, Paper Production, Others
By Product Type: Industrial-Grade, Pharmaceutical-Grade, Food-Grade
By Geography: The global lime and gypsum products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global lime and gypsum products market, accounting for 29% of the market in 2020.
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Lime And Gypsum Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides lime and gypsum products global market overviews, analyzes and forecasts market size and growth for the global lime and gypsum products market, lime and gypsum products market share, lime and gypsum products global market players, lime and gypsum products global market segments and geographies, lime and gypsum products market’s leading competitors’ revenues, profiles and market shares. The lime and gypsum products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Lime And Gypsum Products Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Lime And Gypsum Products Market Organizations Covered: Carmeuse, Graymont, Lhoist, Mississippi Lime, Minerals Technologies.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Lime And Gypsum Products Global Market Report 2021:
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Source: EIN Presswire