Lime And Gypsum Products Global Market Report 2024

The lime and gypsum products market size has grown strongly in recent years. It will grow from $55.95 billion in 2023 to $59.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period is primarily credited to the expansion of the construction industry, urbanization trends, agricultural developments, and the imposition of environmental regulations.

The lime and gypsum products market size is expected to see strong growth in the next few years. It will grow to $74.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. Anticipated growth in the upcoming period is expected due to increased investments in infrastructure, a focus on sustainable construction methods, the implementation of renewable energy projects, the availability of raw materials, and advancements in technology. Foreseen major trends during this time include emphasis on electrification and lightweighting, advancements in materials, additive manufacturing, digitalization, connectivity, and fostering collaboration and partnerships.

The expansion of the construction industry is anticipated to be a key driver for the lime and gypsum products market. Lime plays a crucial role in construction by stabilizing soil for various infrastructure projects like roads, airfields, and building foundations. Additionally, gypsum is essential for manufacturing wallboards used in residential and commercial construction. According to the Future of Construction 2030 report by Oxford Economics, a UK-based economic advisory firm, a significant investment of $135 trillion is projected to be made in global construction projects by 2030. This substantial expenditure in the construction sector is set to boost growth, resulting in increased demand for lime and gypsum products, ultimately driving the market's expansion.

These products fall under two primary categories such as lime products and gypsum products. Lime products consist of inorganic materials, including hydroxides, oxides, and calcium oxides containing calcium. These come in various types such as industrial-grade, pharmaceutical-grade, and food-grade and are utilized across several applications, including building and construction, agriculture, waste-water treatment, paper production, and more.

The lime and gypsum products market research report is one of a series of new reports that provides lime and gypsum products market statistics, including lime and gypsum products industry global market size, regional shares, competitors with a lime and gypsum products market share, detailed lime and gypsum products market segments, market trends and opportunities, and any further data you may need to thrive in the lime and gypsum products industry. This lime and gypsum products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automated manufacturing systems are increasingly embraced for their ability to augment manufacturing efficiency and curtail operational costs. These systems encompass various technological solutions such as robotics and AI that streamline metal manufacturing processes, including processing, assembling, and material handling, significantly reducing human intervention and enhancing workplace safety. This technological implementation enables metal manufacturing entities to bolster their productivity and output, refine operational safety, elevate product quality, execute diverse and complex tasks, stabilize processes, afford flexibility for product manufacturing, and eliminate mundane manual tasks. ABB Limited, a Switzerland-based manufacturing technology company, introduced a notable smart factory solution in November 2021. This innovative system offers real-time ladle tracking coupled with automated crane scheduling and an advanced predictive thermal modeling engine. Distinguishing itself through precise vision technologies like radar and laser positioning, the tracking engine continuously monitors the movement of ladles with fewer hardware requirements and maintenance compared to RFID solutions. Automated crane scheduling encompasses job forecasting, route planning, and automated job acknowledgment for enhanced manufacturing efficiency.

Manufacturers in the global lime and gypsum industry are embracing IoT technology to enhance their operational efficiencies and overall productivity. IoT facilitates the seamless exchange of information among people, machines, and services, enabling real-time decision-making. This technology introduces numerous advantages, including heightened asset uptime, more effective predictive maintenance, and expedited processing and delivery durations. Ericsson's report in November 2022 revealed that broadband IoT (4G/5G), which links a substantial portion of cellular IoT devices, had attained 1.3 billion connections by 2022. It's projected that nearly 60% of cellular IoT connections will be broadband IoT connections by the close of 2028, with a majority attributed to 4G. Presently, North East Asia leads the charge in cellular IoT connections and is anticipated to exceed 2 billion connections by 2023.

Prominent firms within the lime and gypsum products industry are actively engaged in the development of innovative products like drywells to cater to broader customer segments, amplify sales figures, and augment their revenue streams. Drywells, in this context, are subterranean structures used in the management of stormwater and drainage systems. A notable illustration is Adaptavate, a UK-based enterprise specializing in carbon-negative construction materials, which introduced an innovative drywall in March 2022. This pioneering drywall is crafted from agricultural waste and incorporates a lime-based binding agent with the unique capability to absorb carbon dioxide. What sets this product apart is its elimination of the necessity for gypsum, a resource associated with significant emissions and widely used in various fundamental construction materials. Adaptavate's vision centers on leveraging waste CO2 from manufacturers' exhaust systems, particularly those linked to cement production, and channeling it through a blend of agricultural waste and a lime binder. Calcium oxide, an ingredient found in lime, exhibits the capacity to absorb CO2 and convert it into calcium carbonate, reinforcing the mechanical strength of the resulting plasterboard material.

Major companies operating in the lime and gypsum products market include Compagnie de Saint-Gobain S.A, USG Corporation, China National Building Material Group Co. Ltd., Lhoist S.A., CRH PLC, New Ngc Inc., Knauf Gips KG, CSR Limited, KCC Corporation, Ube Industries Ltd., Eagle Materials Inc., LafargeHolcim Ltd., Boral Limited, National Gypsum Company, American Gypsum Company LLC, Georgia-Pacific LLC, CertainTeed Corporation, PABCO Building Products LLC, Yoshino Gypsum Co. Ltd., Continental Building Products Inc., Harrison Gypsum LLC, United States Gypsum Company, Gypsum Management and Supply Inc., GMS Inc., National Lime & Stone Company, Carmeuse Lime & Stone, Graymont Limited, Mississippi Lime Company, Cheney Lime & Cement Company, Chemical Lime Company, Martin Marietta Materials Inc., Vulcan Materials Company, CEMEX S.A.B. de C.V.

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.

The countries covered in the lime and gypsum products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The lime and gypsum products market consists of sales of gypsum fireboards, blocks, plaster, and plaster boards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.