Global Limestone Market for Agriculture Market : Industry Analysis and ForecastPosted by akash Arjun pingale on December 28th, 2020 Global Limestone Market for Agriculture Market was valued US$ 129.47 Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of XX% during the forecast period. Global Limestone Market for Agriculture Market The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. Definition: A limestone is a form of sedimentary rock, which is formed due to pressure. It mostly contains 50% of calcite, which is a form of calcium carbonate. It is used in a wide range of applications, like construction, agriculture, glass, and steelmaking, and many more. The application of agricultural limestone is an important means of maintaining soil acidity at levels that are best for maximum economical crop production. Illinois farmers apply more agricultural limestone per acre than any other farmers in the United States. To select the best agricultural limestone product, farmers must consider such geologic, agronomic, and economic factors as the chemical composition of the stone, the particle size of the crushed limestone product, the cost per ton of purchasing, and transporting the agricultural limestone. Market Drivers: The demand from the construction and agriculture sector is expected to drive the global limestone market during the forecast period. Limestone is a sedimentary rock consisting of calcium carbonate in the form of calcite. It is abundant in nature and about 10% of the land is made up of limestone and similar rocks. It consists of elements, like calcium, carbon, and oxygen. There are several minerals, such as marble, dolomite, and chalk that resembles limestone but have different chemical composition. Growth activities by limestone manufacturers are one of the serious reasons that will drive the limestone for agriculture market growth. Limestone manufacturers are concentrating on increasing their production capacity to remain competitive in the market. Nordkalk has already expanded its geographical presence to Turkey through a joint venture, Nordeka Maden. Such expansion activities will increase the availability of superior-quality limestone products for agriculture purposes. Numerous local and international players make the global limestone for the agriculture market highly fragmented in nature. To stay ahead of the curve, players are seen adding to their production capacities, mainly in fast-expanding, populated economies of China and India, where demand is high, and labor & land is cheap. Big companies are also banking upon M&A to increase their geographical outreach. However, health hazards associated with calcium carbonate is expected to hamper the limestone market for agriculture market growth. Market Segmentation: By type, the calcitic segment expected to the largest market share of the limestone market for agriculture by 2027, because of the increasing application of calcitic limestone that helps in the neutralization of the acid in the soil to increase the pH level above 6. For the agricultural purpose, limestone is available in normal (i.e. powdered) form or in the granular or palletized form. The use of normal limestone is reasonably more in agriculture since it can be easily applied on the soil surface and gets broken down easily, because of its fine particle size, hence accelerating the speed of activity, and increasing its effectiveness as compared to the limestone available in the palletized form. Global Limestone Market for Agriculture Market1 Region-wise, the Asia Pacific market expected to the largest share of the limestone market for agriculture by 2027. The increasing number of agricultural activities is one of the key factors driving the growth of limestone for the agriculture market in the Asia Pacific region. Industry Development: Limestone manufacturers are concentrating on acquisitions to consolidate their market position. For example, ACG Materials has acquired the manufacturer Kelly Limestone that produces gypsum, limestone, and dolomite products. These products are used for construction activities and agriculture. Likewise, Nordkalk also is forming a joint venture to reduce the costs of obtaining raw materials from the quarries. The objective of the report is to present a comprehensive analysis of the Global Limestone Market for Agriculture Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Global Limestone Market for Agriculture Market, By Type • Calcitic • Agriculture • North America • Leiths Group About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |