Australia Lime Market Demands and Growth Prediction 2018 to 2026

Lime is an inorganic mineral derived from Limestone. Its chemical name is Calcium Hydroxide (CaOH). Lime is used in building and construction materials abundantly as well as used in various industries such as in agriculture, water treatment plants, steel manufacturing industry, metallurgical industry and others.

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Market Dynamics

On basis of its application, Australia lime market is segmented into mining & metallurgy, building material, agriculture, water treatment and others. The rise in demand for lime in Australia's Mining & metallurgy industry has fueled the market growth in recent past years, owing to the physical and chemical properties of lime which are essential for clearing the impurities from metal in steel industry.

Many areas in Australia possess high acidic content in the soil which causes toxicity in crops. Therefore, a surge in demand for Aglime (agricultural lime) is observed in agriculture industry in the country. Lime is used as a neutralizer for acidity in the soil and thus it maintains a healthy pH level which is suitable for the crops.

Lime is also referred to as calcium hydroxide, is derived from the limestone such as quicklime and hydrated lime. Lime find?application in building and engineering materials such as limestone product, concrete, cement, and mortar. Lime is also used in?wastewater treatment with ferrous sulfate. Moreover, it is also used across industrial application such as the food industry, construction, and?steel industry. Furthermore, lime also find application in the agriculture sector and is highly?important for the production of sugar.

In 2018, Australia lime market is estimated to reach?US$ 290.1 billion?in terms of value and?1,485.0 Kilo Tons?in terms of volume.

The growing mining industry in Australia is projected to foster market growth over the forecast period. According to Geoscience?Australia, in 2016 there were around 370 operating mine sites in the country, of which approx. one third is located in Western?Australia (WA), one quarter in Queensland (QLD) and one fifth in New South Wales (NSW), making them the three major mining states.

Detailed Segmentation:
o Australia Lime market, By Product Type :
o Aglime (Agricultural Lime)
o Quick Lime
o Hydrated Lime
o Australia Lime market, By Application :
o Mining & Metallurgy
o Building Material
o Agriculture
o Water Treatment
o Others

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Key Players:

Key companies covered as a part of this study includes Adelaide Brighton Ltd, Boral Limited, Sibelco Australia Ltd., Omya Australia Pty Ltd, Wagners, and Lime Group Australia

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This release was published on openPR.