Press release
Global Lime Market is expected to surge at a CAGR of 6.2% between 2016 and 2024
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%.
Request Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26021
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.
For More Industrial Insights Get PDF Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24569
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.
For More Information Please Visit:
https://globenewswire.com/news-release/2018/01/16/1289706/0/en/Global-Lime-Market-Industrialization-and-Urbanization-Leading-Factors-Propelling-Market-observes-TMR.html
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.
ABOUT US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Lime Market is expected to surge at a CAGR of 6.2% between 2016 and 2024 here
News-ID: 1467642 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for Lime
U.S Lime Market Forecast for 2024-2031: Size, Trends, Shares, Insights |Carmeuse …
The U.S. lime market is projected to surpass US$ 4.6 billion by the end of 2030, in terms of revenue, growing at CAGR of 5.1% during the forecast period (2023 - 2030).
The research report on the U.S Lime Market provides an in-depth analysis of the industry's current state and projected growth from 2024 to 2031. It presents key statistics, trends, and market dynamics that not only clarify the existing…
Lime-ing the Way: A Deep Dive into the Flourishing Australia Lime Market
The Australia lime market has witnessed remarkable growth in recent years, marking its significance in the economic landscape of the country. In 2023, the market achieved a substantial volume of approximately 2.02 million metric tons (MMT). Looking ahead, the Australia lime market is projected to maintain its growth trajectory, with an expected Compound Annual Growth Rate (CAGR) of 2.3% in the forecast period spanning from 2024 to 2032. This growth…
Lime Market 2026 | CARMEUSE, Lhoist, Graymont, Mississippi Lime Company, United …
Lime is a low cost—high volume commodity which is derived from heating limestone and consumed on a large scale in the United States. There are two types of lime generally available in the market– quick lime and hydrated lime, and they are used across various applications including metal processing, cement manufacturing, pulp and paper processing, etc. Revenue from the sales of lime in the U.S. market is estimated to be…
Key Leading Players in Lime Market 2019 to Post a CAGR of 7.5% by 2026 | Mineral …
Global Lime Market is accounted for $47.19 billion in 2017 and is expected to reach $90.78 billion by 2026 growing at a CAGR of 7.5%. Some of the key factors influencing the market growth include rise in demand in waste water treatment, automotive weight reduction strategy, high demand for lime in mining & metallurgy and revitalization in construction industry. However, availability of alternative materials, rise in air pollution, costly production…
Lime Market 2026 To Rise at 7.5% CAGR With Global Leading Players - Minerals Tec …
Global Lime Market Highlights
Global Lime Market is accounted for $47.19 billion in 2017 and is expected to reach $90.78 billion by 2026 growing at a CAGR of 7.5%. Some of the key factors influencing the market growth include rise in demand in waste water treatment, automotive weight reduction strategy, high demand for lime in mining & metallurgy and revitalization in construction industry. However, availability of alternative materials, rise in air…
Lime Market 2026 | CARMEUSE, Lhoist, Graymont, Mississippi Lime Company, United …
Lime is a low cost—high volume commodity which is derived from heating limestone and consumed on a large scale in the United States. There are two types of lime generally available in the market– quick lime and hydrated lime, and they are used across various applications including metal processing, cement manufacturing, pulp and paper processing, etc. Revenue from the sales of lime in the U.S. market is estimated to be…
