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The limestone market size is forecast to increase by USD 33.79 billion at a CAGR of 7.3% between 2023 and 2028. The market is experiencing significant growth due to the rapid expansion of the construction sector, which is driving the demand for refractory lining in furnaces and converters. Technological advancements in refining processes, particularly in the use of basic oxygen furnaces, are also contributing to market growth. However, the market is facing challenges due to the declining sources of high-quality limestone, which may lead to supply shortages and price volatility. According to the World Steel Association, crude steel production is projected to increase, further boosting the demand for limestone in the steel industry. Overall, the market is expected to witness steady growth in the coming years, driven by these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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