Press release
Australia Lime Market To Be Driven By The Growing Construction Industry In The Forecast Period Of 2023-2028
Australia Lime Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 2%
Over the last few years, Australia's construction industry has sustained a strong growth rate, especially in New South Wales and Victoria. Furthermore, during the forecast period, the rapid speed of urbanisation, increased demand for improved infrastructure, and increased construction projects in the commercial and manufacturing sectors are projected to fuel the growth of the lime industry in Australia. Furthermore, the government is increasingly investing in the development of public infrastructures, such as train stations, which is further propelling the growth of the market. Infrastructural developments at airports throughout the country are also aiding the growth of the industry.
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Australia Lime Industry Definition and Major Segments
Lime is a white alkaline caustic material made up of calcium oxide, which is produced by heating limestone and combining it with water, leading to the production of a lot of heat and quicklime. Lime is used in a variety of uses, including environmental, metallurgical, manufacturing, chemical/industrial, and more. Environmental uses are the fastest-growing use of lime, with lime being used to comply with air, drinking water, sanitation, and solid waste rules.
By type, the industry can be segmented as:
Quick Lime
Hydrated Lime
Hydraulic Lime
Others
The major application sectors in the market are :
Metallurgical
Environmental
Chemical and Industrial
Agriculture
Construction
Others
Australia Lime Market Trends
The growing infrastructure and building industry in Australia is the primary driver of the lime industry growth. The demand for lime is also being driven by the growing steel industry in the region, as steel materials are protected from corrosion and impurities with hydrated lime. It acts as a coating on the products, helping to neutralise the slag's acid. As a result, the growth of the steel industry has a direct effect on the lime industry's growth.
The lime industry in Australia is further growing due to its rising use in metallurgical applications. It is widely used in the manufacturing of metal ores and non-ferrous metals like gold, silver, and aluminium, among others, thus, fuelling the industry's development.
Key Market Players
The major players in the market are Adelaide Brighton Limited, Boral Limited, Graymont Limited, Cockburn Cement Limited, Swan Cement Limited, Agricola Mining Pty Ltd, and Calcimo Lime & Fertilizers Pty Ltd, amongst others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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