India Limestone Market

India Limestone Market Overview:

The India limestone market size reached USD 3,508.60 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 7,932.90 Million by 2033, exhibiting a growth rate (CAGR) of 8.50% during 2025-2033. The India limestone market is driven by rising demand from the cement industry, fueled by infrastructure projects like smart cities and affordable housing, along with government initiatives such as transparent mineral auctions and sustainable mining policies, ensuring resource availability, investment inflows, and industrial expansion across key limestone-producing states.

India Limestone Market Trends:

Expansion of the Cement Industry

Limestone is a basic raw material for cement manufacture, and for every ton of cement, about 1.1 tons of limestone are needed. The Indian cement industry uses around 95% of India's total limestone output. In the last decade, limestone demand has risen at an accelerated pace, just like growth in the cement industry. This development is anticipated to persist, with estimates suggesting that limestone demand will double within the next decade to around 4,664 million tons by 2030. This rapidly growing demand is driven by a number of factors such as urbanization, development of infrastructure, and government schemes like the Smart Cities Mission and Housing for All. These schemes are focused on the development of urban infrastructure and affordable housing, thus enhancing the demand for cement and, in turn, limestone. Development of the cement industry not only enhances the consumption of limestone but also plays an important role in creating employment and national economic growth. Limestone mining is manpower-intensive, giving employment to about 22,000 people on a day-to-day basis, and is one of the biggest employers in the mining industry after iron ore.

Government Initiatives and Policy Reforms

The Government of India has brought about a number of policy changes to maximize the use of mineral resources, including limestone. From 2015, there has been a transparent auctioning of mineral blocks for ensuring equitable distribution and optimal exploitation of resources. As of November 2021, around 41 limestone blocks have been auctioned successfully in nine states with an estimated value of resources of about INR 1.94 lakh crore. Rajasthan tops the list with eight blocks, accounting for 28% of the overall estimated value, followed by Gujarat and Chhattisgarh. It has attracted large investments, and the auctions have promoted competition and the use of cutting-edge mining techniques. In addition, the government's focus on sustainable mining and environmental compliance guarantees long-term access to limestone resources. Programs such as the District Mineral Foundation (DMF) focus on providing benefits to mining-affected communities and fostering socio-economic development in the areas. Such policies not only rationalize the mining industry but also complement the overall objective of sustainable development, thus having a positive impact on the limestone market in India.

India Limestone Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, size, and end-use industry.

Type Insights:

• Magnesium Limestone
• High-Calcium Limestone

The report has provided a detailed breakup and analysis of the market based on the type. This includes magnesium limestone and high-calcium limestone.

Size Insights:

• Crushed Limestone
• Calcined Limestone (PCC)
• Ground Limestone (GCC)

A detailed breakup and analysis of the market based on the size have also been provided in the report. This includes crushed limestone, calcined limestone (PCC), and ground limestone (GCC).

End-Use Industry Insights:

• Metallurgy
• Water and Wastewater Treatment
• Construction
• Agriculture
• Paper and Pulp
• Chemical
• Others

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes metallurgy, water and wastewater treatment, construction, agriculture, paper and pulp, chemical, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Limestone Market News:

• February 2025: Gujarat Mineral Development Corporation (GMDC) signed a 40-year contract to provide JK Cement with 250 million tons of limestone from the Lakhpat Punrajpur Mine in Gujarat's Kutch region. The long-term association provides a consistent supply of raw materials, allowing JK Cement to grow its production capacity and fulfill increasing market demands. Therefore, such associations propel the Indian limestone market by promoting industrial development and inviting heavy investments.
• August 2024: Ambuja Cements procured large limestone reserves via auctions and acquisitions to the tune of 8 billion tons, coming just short of UltraTech Cement's 10 billion tons. The growth ensures raw materials for cement manufacturing, spurring industry development. More available limestone reinforces India's construction and infrastructure industries, propelling the limestone market.

India Limestone Market Report Coverage:

Key Questions Answered in This Report:

• How has the India limestone market performed so far and how will it perform in the coming years?
• What is the breakup of the India limestone market on the basis of type?
• What is the breakup of the India limestone market on the basis of size?
• What is the breakup of the India limestone market on the basis of end-use industry?
• What are the various stages in the value chain of the India limestone market? 
• What are the key driving factors and challenges in the India limestone?
• What is the structure of the India limestone market and who are the key players?
• What is the degree of competition in the India limestone market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India limestone market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India limestone market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India limestone industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.