The Business Research Company’s Lime And Gypsum Product Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Lime And Gypsum Product Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Lime And Gypsum Product market overviews, analyze and forecast market size and growth for the whole market, Lime And Gypsum Product market segments and geographies, Lime And Gypsum Product market trends, Lime And Gypsum Product market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The lime and gypsum product 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.
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The global lime and gypsum product market is expected to decline from $58.8 billion in 2019 to $52.7 billion in 2020 at a compound annual growth rate (CAGR) of -10.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 14% from 2021 and reach $75.4 billion in 2023.
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