Press release
Lime Market Growth Drivers, Developments, Technology And Future Trends 2031
The global lime market was valued over US$ 45.4 Bn in 2021
It is estimated to grow at a CAGR of 6.2% from 2022 to 2031
The global lime market is expected to surpass value of US$ 78.1 Bn by the end of 2031
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/lime-market.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐ข๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
Companies in the lime market are focusing more on broadening their revenue streams and expanding their business by paying more attention to high growth applications such as metallurgy, construction, and water treatment. The lime market is estimated to grow at a favorable growth rate during the forecast period, owing to various uses of lime, primarily in lightweight and high insulation construction materials. Lime offers an attractive and environment-friendly alternative to concrete-based plaster in buildings and architectural designs. Lime in agriculture is a key ingredient, which improves the absorption of prime nutrients in plants growing in acidic soils.
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐ข๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ
Lime is defined as a chemical that is produced from calcium carbonate rocks such as limestone (CaCO3) and dolomite (CaCO3*MgCO3). Lime can be segregated more specifically, into 'quicklime', which is calcium oxide (CaO) or calcium-magnesium oxide (Ca)*MgO), and 'slaked lime" (also called hydrated lime), which is produced by mixing its oxide forms with water. Lime is widely considered as the only mineral product that can be used to produce steel as well as sugar.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24569
๐๐ข๐ฆ๐ ๐ข๐ฌ ๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐ฏ๐๐ฅ๐ฒ ๐ฎ๐ญ๐ข๐ฅ๐ข๐ณ๐๐ ๐ข๐ง ๐ฏ๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ, ๐ฌ๐ฎ๐๐ก ๐๐ฌ ๐ฆ๐ข๐ง๐ข๐ง๐ , ๐ฉ๐ฎ๐ฅ๐ฉ ๐๐ง๐ ๐ฉ๐๐ฉ๐๐ซ, ๐ฌ๐ฎ๐ ๐๐ซ, ๐๐ข๐จ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ, ๐๐ฌ ๐ฐ๐๐ฅ๐ฅ ๐๐ฌ ๐๐ฅ๐ฎ๐ ๐ ๐๐ฌ ๐๐ง๐ ๐ฐ๐๐ฌ๐ญ๐๐ฐ๐๐ญ๐๐ซ ๐ญ๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐๐ฅ ๐๐ข๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ
The construction industry is recovering from the global financial crisis. Moreover, Asia Pacific is boosting the lime market due to its extensive application in the construction industry in the region. In construction, the primary use of lime is in soil stabilization for roads, earthen dams, airfields, and building foundations. In ancient times, lime was recognized as a key material that could prevent the deterioration of structures. This substance absorbs moisture, stabilizes internal humidity, and enables the building to breathe by allowing vapor to pass through. This decreases the chances of retained moisture and structural damage.
๐๐ข๐ ๐ก ๐๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค๐ฅ๐ข๐ฆ๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ฌ๐ ๐ข๐ง ๐๐ข๐ฏ๐๐ซ๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ
In terms of type, the global lime market has been split into quicklime, slaked lime, and others. The quicklime segment held a major share of 77% of the global market in 2021. Quicklime has a wide range of uses, including in the production of iron and steel, paper and pulp production, treatment of water and flue gases, and the mining industry. In systems that demand large quantities of lime, quicklime would be the preferred material, as the density of quicklime is twice that of the density of hydrated lime, which reduces the storage and transportation costs. However, quicklime's hydrophobic reaction with water requires a lime slacker to be used in the process.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=24569
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฆ๐ ๐๐๐ซ๐ค๐๐ญ
The global lime market was highly consolidated in 2021. The top five manufacturers accounted for approximately 40% share of the market. The top five leading producers of lime globally are Nordkalk Corporation, Carmeuse, Linwood Mining & Minerals Corporation, Minerals Technologies Inc. and Graymont. The market was highly competitive in 2021, owing to the presence of various small- and medium-scale manufacturers. Asia Pacific is a major market for lime due to the presence of numerous small-scale manufacturers. China and India are major exporters of lime worldwide. A majority of lime manufacturers have integrated operations to save production and operation costs, thereby increasing revenues.
๐๐ฒ๐ฉ๐
Quicklime
Slacked Lime
Others (including Hydrated Lime, Fresh Lime and Twisted Lime)
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=24569
๐๐ง๐-๐ฎ๐ฌ๐
Chemical Intermediates
Metallurgical
Construction and Environmental
Agriculture
Glass
Paper and Pulp
Others (including plastic)
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Rohit Bhisey
Transparency Market Research Inc.
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