Limestone: industrial raw material

Huge applicability

NEW YORK, PR News wire, reports that worldwide markets for Limestone is in Thousand Tons. So, we can say that Limestone is the One of the Most Essential and Versatile Minerals for mostly every industry.
When we talk about the uses of limestone, the first thing that strikes our mind is Construction, is one space where they are dependent on limestone to a great extent. Interestingly, as this rock is so valuable and important, buyers are ready to pay even five times more than the value of the stone mostly for deliver.
Limestone is a type of a sedimentary rock that is found naturally in the earth’s environment. The rock comprises primarily of chemical compound calcium carbonate (CaCO3) in the form of calcite which is yet again a type of a mineral. It also contains other materials like quartz, clay minerals, pyrite, feldspar and siderite amongst others.

The formation of limestone. Source : PR News wire

Limestone quarrying

Limestone is often produced using opencast mining methods. Although excavated quarries can also be found via underground mining. Typical operations include drilling and blasting, both designed with a specific fragmentation curve. After blasting, the fragmented material is loaded and transported to the grinding and sorting plant. The limestone obtained can be used in the aggregate industry or for cement and lime, depending on the quality of the material and the purpose of the mining operation. This quality will determine the processes necessary to achieve the final product.

Limestone quarrying using opencast mining methods through a multiple bench system. Source : Mining Industry

Major industrial need

Limestone comprises 95% of core raw material for cement production. No wonder then that the cement sector governs demand, supply and pricing of limestone to some extent. According to some estimates, around 1.5 tons of limestone is required to produce a ton of cement. Cement manufacturing consumes minerals such as gypsum, Quartz, bauxite, coal, and kaolin and iron ore too in varying amounts.
With the slowdown in world economic growth, the Portland Limestone Cements industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Portland Limestone Cements market size to maintain the average annual growth rate of million USD in 2014 to millions USD in 2020, analysts believe that in the next few years, Portland Limestone Cements market size will be further expanded, we expect that by 2023, The market size of the Portland Limestone Cements will reach millions.

New technology to boost limestone quarrying

New technologies such as drones and 3D modelling have been playing a key role in the UAE’s quarrying industry. Helping to increase safety and improve efficiency, experts at the RAK Quarrying Show said. The event was held under the patronage of His Highness Sheikh Saud bin Saqr Al Qassimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, and in partnership with Stevin Rock, a quarrying company which operates three sites across Ras Al Khaimah with reserves estimated at around four billion tones.

New technologies in the UAE’s quarrying industry. Source : Khaleej news

Limestone - Global Market

The market for Limestone is anticipated a Compound annual growth rate of over 6% during the forecast period. Currently, over 2 million, lime is used each year in the construction of roadways, embankments, and to improve the soil at the construction sites.

India-based JSW Cement has borrowed money from two UAE-based banks to continue development, integrated. Fujairah plant Arabian Business has reported that it will bring the project’s total investment to US$110m. The government has granted JSW Cement a 35-year quarry lease and a license for the extraction of up to 6Mt/year of limestone for use at the plant, crushing plant, 550 local people directly or indirectly employed in cement production at Fujairah.

Tata Steel, the country’s largest private sector steel company, is scouting for limestone opportunities in Dubai. Tata Steel is currently on the lookout for captive limestone reserves in Dubai. The move is directed towards reducing raw material costs and ensuring availability in the long term.”

Coronavirus threat to global industry of limestone

Lake Carriers’ Association (LCA) reports limestone down trade in May 2020 says that shipments of limestone on the Great Lakes totaled 3.5 million tons in May, a decrease of 18.1 percent compared to the same time period a year ago. May’s loadings were also below the month’s five-year average by 8.8 percent.

Huge fall down in shipment of limestone in 2020 as compare to 2019. Source : Industry News

According to the Market Research Reports Search Engine report, transportation restrictions and stringent government policies are causing a downturn in the growth scale of the Limestone market amidst the COVID-19 lock down period. Hence, a research study that provides an in-depth outlook on Corona virus and how the novel virus can leave long-term effects in trade practices post lock down period in the Limestone market.
The global Limestone market published by MRRSE provides a clear understanding of the flight of the Limestone market over the forecast period. The study introspects the various factors that are tipped to influence the growth of the Limestone market in the upcoming years. The current trends, growth opportunities, restraints, and major challenges faced by market players in the Limestone market are analyzed in the report.