Lime Market By Type (Quick Lime And Slaked Lime), By Application (Building & Construction Industry, Chemical And Waste Water Treatment, Agriculture, And Others), and Region - Global Forecast to 2028

The global lime market is estimated to value at nearly US$ 45 Bn in 2019, and is expected to register a CAGR of 2.6%. The report offers in-depth insights, revenue details, and other vital information regarding the global lime  market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028. The global lime market is segmented on the basis of type, application, and region.

Global Lime Market: Introduction

Lime is a calcium-containing inorganic mineral which contains oxides, hydroxides, and carbonates of calcium predominate. It is obtained from chalk or limestone through industrial extraction process including heating, crushing, hydrating, and pulverizing and it is mostly used as a chemical additive. Two types of lime easily available in the market such as slaked lime and quick lime and are used in various application such as agrochemicals, cement manufacturing, wastewater treatment, pulp, and paper processing, metal manufacturing, animal feed, and others.

Global Lime Market: Dynamics

Growing demand for lime among several end-use industries such as construction, sugar, paper, agriculture, mining, automotive, animal feed, and others and rising production of minerals and growing infrastructure development in developed and developing countries. These are major factors drive growth of the global lime market over the forecast period. In addition, rapid industrialization, enhanced water treatment processes, and urbanization across the globe are other major factors anticipated to fuel growth of the target market during the forecast period.

Increasing number of mining activities in developed and developing countries coupled with rapid adoption of lime for construction of mine tailing, mine-caps after the process, and metal extraction is a key factor projected to boost growth of the target market over the forecast period. In addition, growing demand for lime products in wastewater treatment to adjust alkalinity and pH levels in coagulation, flocculation, and biological treatment process is another factor expected to proliferate growth of the global market over the forecast period.

Furthermore, increasing adoption for energy efficient raw materials and rising demand for lime in several applications such as manufacturing of soda-lime-silica glass, wastewater treatment, pulp treatment, manufacturing of various polymers, dental treatment, and others. Rising demand for decorative accessories and tableware, food and beverage containers, and windows resulting in growing demand for lime across the globe. These are other major factors expected to propel the growth of the global market over the forecast period.

Moreover, rising government initiatives and investment for renovation and construction of building activities coupled with rising infrastructural development in developing and developed countries and high investment by international and domestic private players and strategic collaboration with the government for construction developments including highways, shipping ports, integrated townships, smart and sustainable cities, and others. These are other factors expected to proliferate the growth of the global lime market in the next 10 years.

However, factors projected to hamper growth of the global lime market includes strict regulations for mining activities and rising pollution problem after burning lime-based products and limestone. In addition, availability of lime substitutes including magnesium hydroxide is a challenging factor that may affect growth of the target market to a certain extent.

Global Lime Market Analysis, by Type

Among the type segment, the quick lime segment is projected to contribute major revenue share in the global lime market, and is expected to register CAGR of over 2.5% during the forecast period.

Global Lime Market Analysis, by Application

Among the application segments, the mining & metallurgy segment is expected dominate the global lime market. The mining & metallurgy segment is projected to register CAGR of over2.3% over the forecast period.

Global Lime Market Analysis, by Region

The market in Asia Pacific is expected to account for major revenue share in the global lime market and is projected to register highest CAGR of over 2.4% during the forecast period. Rapid industrialization and urbanization and high adoption of lime in several end-use industries such as construction, chemical, sugar, mining, fertilizer, iron and steel, as well as glass are major factors fueling growth of the lime market in Asia Pacific.

According to data published by the Government of India, Construction market in India is expected to emerge as the third largest globally by 2025 and it is expected to grow at 5.6% during 2016-2025.

Rising government initiatives for high investment in construction and infrastructure development in countries in this region are projected to further support growth of the potential market in Asia Pacific over the forecast period.

According to China’s 13th Five-Year Plan for Strategic Emerging Industries Development (2016–2020), the government has undertaken an initiative to aid people moving from rural areas to urban areas, and expected to construct and grant urban residency to house 100 million people from rural areas.

In Union Budget of 2018–19, Government of India has given a massive push to infrastructure sector by allocating US$ 92.2 Bn.

According to Research Institute Of Construction And Economy, Japan’s construction investment in 2016 was around US$ 476.5 Mn, which includes US$ 191.5 Mn from government, and US$ 285.0 Mn from the private sector. Moreover, construction investment in 2017 rose by 1.2% as compared to 2016.

The Belt and Road Initiative, also called as One Belt One Road or the Silk Road Economic Belt is a development strategy adopted by the government of China, which included infrastructure development and investments in countries in Europe, Asia and Africa that is estimated to complete by 2049.

High lime consumption and production and rising mineral production in China are major factors expected to drive the growth of the lime market in this region.

According to International Lime Association, In 2017, China produced 230,000 Thousand Metric Tons of lime.

The North America lime market is projected to witness significant growth in the global market, owing to high presence of limestone reserves and large number of lime manufacturing plants in countries such as Canada and US is expected to support growth of the global lime market in this region. In addition,

According to US Geological Survey, Mineral Commodity Summaries, January 2018, an estimated 18 Mn tons (20 million short tons) of quicklime and hydrate was produced (excluding independent commercial hydrators) In 2017, valued at about US$ 2.3 Bn

Rising lime adoption in metallurgy applications, especially for manufacturing iron, non-ferrous metals, and steel to remove various types of impurities such as silica, phosphorus, and Sulphur is expected to boost growth of the lime market in North America region.

According to 2018 data published by Molecular Diversity Preservation International and Multidisciplinary Digital Publishing Institute, Switzerland, US produced 18 Mn tons of lime, out of which about 7 Mn tons was used in steel applications

Rising use of lime in the municipalities for hazardous waste treatment, wastewater treatment, and animal waste treatment is projected to support growth of the target market in the North America region.

Global Lime Market Segmentation:

Global Lime Market Segmentation, by Type:

• Quick Lime
• Slaked Lime

Global Lime Market Segmentation, by Application:

• Building and Construction Industry
• Chemical and Waste Water Treatment
• Agriculture
• Mining and Metallurgy

Global Lime Market Segmentation, by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa