Europe Limestone Market Report and Forecast 2024-2032

Europe Limestone Market Outlook

The Europe limestone market size reached approximately USD 13.73 billion in 2023. The market is estimated to grow at a CAGR of 4.6% in the forecast period of 2024-2032, reaching a value of around USD 20.76 billion by 2032.

Key Trends in the Market

Limestone is a sedimentary rock which consists of calcium carbonate (CaCo3) and is widely distributed on the earth in the form of calcite or aragonite minerals. Some of its common uses include as building materials in the construction sector and as a crushed stone for road construction, among others.

• Increased utilisation of limestone as agricultural lime or aglime to surge the pH level of the soil and create an optimum condition for crop growth is one of the key Europe limestone market trends. Limestone also improves the biological and physical properties of soil, reduces soil toxicity, and enhances the overall crop yield.

• The European sewage disposal system incorporates lime, made from limestone, to remove the impurities from the water. For example, lime can combine with phosphorous to form solid calcium phosphate that can be precipitated out of the water.

• Limestone, along with clay and gypsum, form three crucial materials of the Portland cement. This cement is widely used in road construction as well as for manufacturing beams, brick, concrete, tiles, and pipes, among others.

• Growing production of green limestone products by market players to promote sustainability also contributes to the Europe limestone market growth. For example, in November 2023, Nordkalk, a Finland-based limestone products company, launched its next range of products which are either composed of 33 percent recycled materials or utilise 33 percent fossil-free energy in their production process.

Market Analysis

Based on application, the market is divided into industry lime, construction lime, chemical lime, and refractory lime. The Europe limestone market segmentation, on the basis of end use, includes agriculture, building and construction, iron and steel manufacturing, and chemical, among others. Based on country, the market is classified into Germany, United Kingdom, France, and Italy, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe limestone market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Carmeuse Holding S.A.

• Burlington Slate Ltd.

• Sigmaroc PLC (Nordkalk Corporation)

• Franzefoss Minerals AS

• Lhoist S.A.

• Fels-Werke GmbH

• SCR-Sibelco NV

• WIG Weitersdorfer Holding GmbH

• Ognyanovo K AD

• Longcliffe Quarries Ltd.

• Others

Market Share by End Use

The building and construction sector occupies a significant portion of the Europe limestone market share, due to the growing usage of limestone in cement, construction aggregate, mortar, and other building material products. Limestone is one of the most durable materials, which makes it suitable for the construction of building structures and tile and floor paving.

It is also known to be used in the construction of some renowned buildings in Britain such as the House of Parliament, Windsor Castle, and York Minister. Furthermore, limestone is an excellent heat conductor and can keep the building cool, hence conserving electricity and lowering utility bills.

Market Share by Country

As per the Europe limestone market analysis, France accounts for a substantial share of the EU market, due to the growth of the construction sector in the country. French limestone present in quarries by river Oise is highly sought after for the construction of esteemed buildings and boulevards around the world.

Meanwhile, the United Kingdom is expected to witness a surge in the forecast period, owing to the growing demand for limestone as a soil additive in the agricultural sector.

Competitive Landscape

Carmeuse Holding S.A., founded in 1860, is a mining company, headquartered in Louvain-la—Neuve, Belgium. It offers products and services in the sectors of agro-food, building, and environment, among others. The company incorporates sustainable measures such as optimisation of water usage as well as recycling of lime by-products to reduce the overall environmental impact of its products.

Burlington Slate Ltd. is a natural stone provider, established in 1843 and headquartered in Cumbria, the United Kingdom. Some of its well-known stone products include Brandy Crag, Brandy Crag Silver, Broughton Moor, Bursting Stone, and Elterwater, among others. The company mainly provides products for use in the interiors, landscaping, residential, roofing, and walling stone, among others.

Sigmaroc PLC (Nordkalk Corporation) is a manufacturer of limestone products, based in Pargas, Finland. Its major product range includes limestone and crushed and ground limestone, among others. These limestone-based products are used in agriculture, construction, coatings and adhesives, metals and mining, and water treatment applications, among others.

Other Europe limestone market players include Franzefoss Minerals AS, Lhoist S.A., Fels-Werke GmbH, SCR-Sibelco NV, WIG Weitersdorfer Holding GmbH, Ognyanovo K AD, and Longcliffe Quarries Ltd., among others.

Key Highlights of the Report