Calcium Oxide Market Progresses for Huge Profits During 2023
Calcium
oxide or quicklime is a white or grayish white solid primarily used
as chief ingredient in cement manufacturing. Calcium oxide is mainly
manufactured by heating limestone, sea shells, coral or chalk (mainly
containing calcium carbonate) thereby removing carbon dioxide. The
most important modern use of lime is its ability to form solutions
with silicates. Nearly 45% of lime is used in the steel industry.
Considering the stupendous growth in steel and cement industry the
global demand for calcium oxide is anticipated to grow significantly
in the next six years. Moreover, the economic nature of calcium oxide
makes it suitable for usage in these industries. Presently, in terms
of volume Asia Pacific region is the largest producer of the calcium
oxide followed by North America and Europe. China is currently the
largest producer of calcium oxide followed by the U.S. The global
demand from cement and steel industry is likely to aggravate the
demand for calcium oxide in the next six years.
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Calcium
oxide is majorly used in the manufacturing process of steel and
cement, the two major construction materials. The significant growth
in commercial construction is projected to boost the demand for
calcium oxide in the forecast period. Moreover, calcium oxide is also
used in production of other metals. In addition to these applications
calcium oxide is also used in agriculture for treating acidic soils.
The other major applications of calcium oxide include manufacturing
of porcelain, purifying sugar, manufacturing calcium carbide and even
in water softeners. Other metallurgical applications of calcium oxide
include flux (as gas shield) for welding application. Considering the
wide range of applications the market for calcium oxide is
anticipated to increase at a considerable pace in the next six years.
Asia
Pacific region is expected to be the fastest growing market for
calcium oxide in the next few years. The most important reason for
this is the increasing demand for Portland cement in construction
industry in emergent Asian countries such as China, Indonesia, India,
Malaysia and Thailand. In addition, the countries such as Brazil,
Argentina, South Africa, Saudi Arabia, Egypt and Israel are showing
rapid growth in the residential and commercial construction and
infrastructure industries since the last few years. There is an
enormous market potential for the construction industry in the
countries such as India, China, Indonesia, Qatar, Thailand and Brazil
due to swift infrastructure growth taking place in these countries.
Moreover,
countries like Brazil and Qatar are hosting giant events such as
Olympics and FIFA world Cup in the next few years and are developing
numerous state-of-the-art stadiums and other infrastructure for those
events. Owing to this, the demand for construction related products
is expected to grow at a notable rate in the next few years. This
will eventually generate a huge demand for calcium oxide in these
nations. In addition, the U.S. and European nations are steadily
recovering from the economic crisis and further increasing the demand
for calcium oxide. Considering this outlook, the industries such as
infrastructure and construction are anticipated to record an
astounding growth in the next few years. Moreover, the demand for
water softeners and agricultural application is anticipated to drive
the market for calcium oxide across the globe in the forecast period.
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Some
of the key players functioning in the calcium oxide market include
Mississippi Lime Company, Carmeuse North America, Lafarge Tarmac,
Omya UK chemicals and HeidelbergCement Group.
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