Lime Market - Global Industry Analysis, Size, Share, Growth 2024
Global Lime Market: Snapshot
Lime
is an important element in civil engineering and construction
materials. In chemical industry, lime is used as chemical reagent in the
production of various chemicals. It is extensively used in the
metallurgical industry and in numerous other downstream manufacturing
industries including glass, and paper and pulp among others. Increase in
usage of lime in the production of precipitated calcium carbonate is
expected to drive the lime market during the forecast period. According
to the research report, the global lime market was valued at US$44.84 bn
in 2015 and is expected to be worth US$76.48 bn by the end of 2024.
During the forecast period of 2016 and 2024, the global market is
expected to surge at a CAGR of 6.2%.
This
131 page report gives readers a comprehensive overview of the Lime
Market . Browse through 18 data tables and 56 figures to unlock the
hidden opportunities in this market.
Quick Lime to Remain Popular Over Forecast Period
Based
on type, lime can be classified as quick lime, slaked lime and others.
Of these, quick lime held a prominent share and contributed more than
65% of the lime market in 2015 in terms of revenue. It is likely to
remain dominant market during the forecast period, owing to its
popularity of usage in metallurgical industry. However, increase in
demand for lime in construction and environmental segment is anticipated
to boost the demand for slaked lime during the forecast period. Slaked
lime is forecasted to exhibit high CAGR of more than 5% by 2024.
Lime
can be classified based on end-use such as chemical intermediates,
construction metallurgical, environmental and other end-use. On the
basis of end-use, metallurgical segment held a major share of more than
50% in 2015 and is likely to remain dominant segment for lime for next
few years. However, construction segment is anticipated to be more
lucrative segment for lime and is forecasted to exhibit high CAGR of
more than 5% during the projected period. Rapid urbanization and revival
in construction industry in regions like Asia Pacific and Middle East
& Africa are the major drivers which is likely to contribute the
demand for lime during the forecast period.
Asia Pacific Market Soars as Demand for Lime Increases with Rising Construction Activities
Rising
infrastructural development and building & construction activities
especially in Asia Pacific and Middle East region to satisfy the need of
ever increasing population propel the demand for lime during the
forecast period. Asia Pacific held the largest market share of more than
70% of the global lime market in 2015, in terms of volume. As this
growth remains steady, the region is expected to retain its dominance
during the forecast period. Rise in demand for lime in environmental
segment is anticipated to boost the market for lime in Europe region
during the forecast period. Growth in the chemical intermediates end-use
segment is estimated to be one of the key factors driving the market in
North America. Slow and steady growth in construction and metallurgical
segment in Europe region is expected to slightly hinder the lime market
in the region. Nevertheless, the global lime market is projected to
expand impressively in developing regions during the forecast period.
Get
accurate market forecast and analysis on the Lime Market. Request a
sample to stay abreast on the key trends impacting this market @
The
global Lime market is highly fragmented with the major players
dominating the global Lime market. Some of the key players operating in
the global lime market are Carmeuse, Graymont, Lhoist, Mississippi Lime,
Pete Lien & Sons, Inc., Cheney Lime & Cement Company, Cape Lime
(Pty) Ltd, Linwood Mining & Minerals Corporation, Nordkalk, Sigma
Minerals Ltd., Valley Minerals LLC, Cornish Lime, United States Lime
& Minerals Inc., Minerals Technologies, and Brookville
Manufacturing.
Comments
Post a Comment