The forecasted revenue for Lime and Gypsum Product Manufacturing in Canada shows a steady increase from 2024 to 2028, starting at 1.9021 billion CAD in 2024 and reaching 2.1427 billion CAD by 2028. This consistent growth highlights a positive outlook for the industry. In 2023, the baseline year, the revenue stood at 1.8427 billion CAD.
The year-on-year variations from 2024 indicate a gradual improvement in revenue, with each year showcasing a modest increase ranging from 3% to 3.6%. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 2.95%, indicating a stable yet significant expansion over time.
Future trends to watch for include technological advancements in manufacturing processes, sustainable practices influencing production, and the impact of regulatory changes on the sector. Market dynamics such as competition, demand shifts, and raw material cost fluctuations will also play critical roles in shaping the industry's trajectory.
