Press release
U.S. Lime Market Growth Rate, Demands, Status And Application Forecast To 2027
Lime is a calcium compound in the wastewater treatment process and is also used on the steel industry for removing which consists of calcium oxide and calcium hydroxide. It has a wide range of application across construction, chemical, environmental, and metallurgical application. It is majorly used the impurities. Moreover, it is also used in the construction industry in the road, buildings, and dams where it is used to stabilize the soil.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
Growing demand for lime in the production of precipitated calcium carbonate is expected to serve as a major driving factor for the market of U.S. lime. Precipitated calcium carbonate has a wide range of application which includes paper, plastic, paint, rubber, and ink. Moreover, precipitate calcium carbonate is also used in the production of calcium-based antacid formulation and multi-vitamin tablets due to its high content of calcium.
Growth in the construction industry in the U.S. is propelling the market growth of lime in the region. According to the Associated General Contractors of America, construction industry is a major contributor to the U.S. economy. The industry creates nearly $1.3 trillion worth of structures each year. Therefore, growth in the construction industry is the country is expected to accelerate the market growth of lime over the forecast period.
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The U.S. lime market has witnessed significant growth in recent past years, owing to the rising constructional activities in the developing regions in the country. Furthermore, the rapid growth in the mining industry has also fuelled the demand of the lime in the recent past years. This scenario is expected to provide lucrative growth to the U.S. lime market over the forecast period.
Major players in the U.S. lime market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end applications such as mining, wastewater treatment, construction and others. This scenario is expected to fuel the market during the forecast period.
Detailed Segmentation:
U.S. Lime Market, By Product Type:
Quick Lime
Hydrated Lime
U.S. Lime Market, By Application:
Cement Manufacturing
Metal Manufacturing
Chemical
Water Treatment
Flue Gas
Others
Fertilizer
Pulp & Paper
Others
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Key players are operating in the U.S. lime market are Carmeuse, The United States Lime & Minerals, Inc., Cheney Lime & Cement Company, Lhoist, Linwood Mining & Minerals, Pete Lien & Sons, Inc., Mississippi Lime Company, Graymont Limited, and Valley Minerals LLC
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