The value-added of the lime and gypsum product manufacturing sector in Canada stood at an estimated 855 million CAD in 2023. Forecasts indicate a steady annual increase through 2028, reaching approximately 872 million CAD. Year-on-year growth rates suggest modest increases of about 0.3% per annum. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is expected to be consistently slight, pointing to stable but slow growth in the industry.

Signs to watch for future trends:

Potential impact of regulatory changes on environmental emissions that could affect manufacturing processes and costs.
Evolving technological advancements that may increase production efficiency and drive growth.
Shifts in construction demand which could influence market needs for lime and gypsum products.