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Americas Limestone Market Set to witness an uptick with size worth $1.3 billion

According to a new report by Grand View Research, Inc. The Americas high-purity limestone market size was valued at USD 766.2 Million in 2017. It is projected to witness a CAGR of 6.9% from 2018 to 2025. Rising demand from end-use industries, such as construction and metallurgy, is anticipated to drive the market. The construction segment is anticipated to reach USD 282.2 million by 2025, rising at a CAGR of 6.6% over the forecast period owing to increasing construction spending on social infrastructure in Americas. Metallurgical application dominated the Americas high-purity limestone market and accounted for a revenue share of 44.2% in 2017. Increasing production and sales volume of automobiles in the region has been fueling the demand for metal products, which in turn is expected to spur the growth of the market. The Central & South America high-purity limestone market is likely to reach 14,450.2 kilotons by 2025. In terms of revenue, North America is poised to witness a significant CAGR of 7.1% over the forecast period. Increasing construction spending in countries including Canada and Mexico is projected to stimulate market growth.