Press release
Lime Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2028
Lime Market
According to the World Health Organization (WHO), by 2025, half of the global population is estimated to be residing in water-stressed areas. Therefore, the increasing demand for the product to treat contamination of water owing to stringent UN and US EPA regulation is expected to propel the market growth.
COVID-19 has resulted in several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies globally, several manufacturing facilities have been at a standstill with limited operational activities. However, a collective effort from the government and the industries to bring the economy back is expected to boost the market growth during the forecast period.
List of the Companies Profiled in the Lime Market:
Carmeuse (Belgium)
Lhoist Group (Belgium)
Graymont Limited (Canada)
Mississippi Lime Company (U.S.)
United States Lime & Minerals Inc. (U.S.)
Afrimat (South Africa)
Linwood Mining & Minerals Corporation (U.S.)
Minerals Technologies, Inc. (U.S.)
Cheney Lime & Cement Company (U.S.)
Pete Lien & Sons, Inc. (U.S.)
Cape Lime (Pty) Ltd. (South Africa)
Sigma Minerals Ltd. (India)
Valley Mineral LLC (U.S.)
Cornish Lime (UK)
Other Key Players
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What does the Report Provide?
The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER's Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.
DRIVING FACTORS:
Rising Demand for Steel to Aid Growth
According to the World Steel Association, steel production has witnessed considerable expansion from 1,606.3 million metric tons in 2016 to over 1,869.9 million metric tons in 2019, while growing at a steady CAGR of 5.2% between 2016 and 2019.
The increasing demand for steel products globally from the construction sector is anticipated to favor the product's demand during the forecast period. Moreover, the growing automotive sector that requires a significant quantity of steel is expected to boost the global lime market growth in the forthcoming years.
Market Segmentation:
Based on type, the market is bifurcated into quick and hydrated lime. Additionally, on the basis of application, the market is classified into agriculture, building material, mining & metallurgy, water treatment, and others.
Based on application, the agriculture segment is expected to hold a considerable global lime market share in the forthcoming years. According to a report by the University of California, adding calcium hydroxide in a ratio of 1 - 2.3 ton per acre improves the presence of calcium and regulates the pH of agricultural soil. Therefore, the increasing adoption of the product is expected to drive the segmental growth that held a market share of about 3.4% in 2020.
Lastly, based on the region, the market is segregated into Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
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REGIONAL INSIGHTS:
Asia-Pacific - The region stood at USD 27.34 billion in 2020 and is expected to hold the highest position in the market in the forthcoming years. This is owing to the increasing focus on infrastructure development in countries such as India in the region.
North America - According to the Mineral Commodity studies by the U.S. government, in 2019, around 18 million tons of lime was produced in the U.S. The increasing focus on developing advanced infrastructure and the high demand from manufacturing industries will boost the demand for the product in the region between 2021 and 2028.
COMPETITIVE LANDSCAPE:
Investment in R&D by Key Players to Amplify Their Market Positions
The global market is consolidated by major companies striving to leverage the lucrative opportunities to maintain a stronghold. These companies are focusing on investments in R&D activities to develop advanced products to cater to the growing demand from the manufacturing and chemical sectors. Moreover, other key players are trying to maintain their presence by adopting strategies such as collaboration, facility expansion, and the introduction of new products that will contribute to the growth of the market in the forthcoming years.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends - For Major Countries
Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
Latest Technological Advancement
Insights on Regulatory Scenario
Porters Five Forces Analysis
Qualitative Insights on Impact of COVID-19 on Global Lime Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak
Global Lime Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Size Estimates and Forecast
By Type (Value and Volume)
Quick Lime
Hydrated Lime
By Application (Value and Volume)
Agriculture
Building Material
Mining & Metallurgy
Water Treatment
Others
By Region (Value and Volume)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC Continued…!
Key Industry Development:
October 2019 - Graymont developed a new state-of-the-art production facility in Rexton, Michigan. The company reports that the new capacity will help to increase the production of a variety of products to cater to the prerequisites of the customers present across the Great Lakes area, U.S.
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