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Lime Market By Product, By End-Use (Mining And Metallurgy, Building & Construction, Agriculture, Environment (Flue Gas Desulfurization, Sludge, Animal Waste, Wastewater, Hazardous Wastes, Etc.)) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Lime, an important raw material used in chemical manufacturing, finds profound applications as a metallurgical flux in waste and water management, the agriculture industry, pH control in industries, construction, and others. Calcium oxide (CaO) is lime, which is produced through the calcination of limestone, including calcined limestone, ground limestone, and hydrated limestone. Lime production is a complex industrial process that yields two product types: quicklime and hydrated lime.

The growth of the lime market is primarily fuelled by recovering and new construction activities in emerging economies, along with urbanization due to the rise in disposable income of the middle class, resulting in expansion, upgrading, and a huge demand for infrastructural improvements. This has, in turn, led to intervention from both private and public players at national and international levels for infrastructural improvement and improved export possibilities to neighboring countries.

In addition, lime manufacturers have switched to modern kilns, ensuring crushing, quarrying, and screening in an efficient manner for improving the usage of lime in building and construction to road building, where lime is used for clay soil stabilization, along with significant demand for lime in the mining industry. Globally, in developed countries, there is indigenous production of lime as compared to less developed countries, which are characterized by limited lime production and distribution.

Based on the product type, the lime market is categorized into quicklime and slaked or hydrated lime. In terms of revenue contribution, the quicklime segment accounted for a major share of the global lime market. It accounted for 84.7% of the market in 2016. However, the slaked/hydrated lime segment is anticipated to record the highest CAGR during the forecast period. Slaked/hydrated lime segment growth is attributed to a rise in demand from applications such as flue gas desulfurization (FGD), wastewater treatment, incinerators, and water desalination, as the usage of hydrated lime results in softening and improved hygiene during desalination of water, and pH adjustment.

Based on end-use applications, the lime market is segmented into building and construction, agriculture, wastewater treatment, paper production, and others (sugar production). Among these, mining and metallurgy accounted for the largest revenue share in the global market, capturing 36.7% of it in 2016. Building and construction accounted for 22.5% of the global lime market in 2016, and this figure is expected to rise further during the forecast period. The market is driven by the growing demand for lime in the environmental and agricultural sectors. Sugar production, paper production, and environmental industries are expected to grow significantly by 2025.

By geography, the global lime market is categorized into regional markets, viz., North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. In 2016, Asia Pacific was identified as the largest lime market. An increase in both commercial and residential construction activities, rising advocacy by the government for infrastructure development, and increasing mining activities for copper, zinc, nickel, gold, silver and aluminum are some of the factors bolstering the lime market growth in this region.

The report titled "Global Lime Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global lime market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on application, product type, and a cross-sectional study across different geographies. The report provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The in-depth analysis provided in the report includes the following:

  • Current and future market trends to justify the forthcoming attractive markets within the lime industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global lime market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above-mentioned factors.

The global lime market can be categorized on the basis of product type as follows:

  • Quicklime
  • Slaked/Hydrated

On the basis of product type, the global lime market is segmented into quick lime and slaked or hydrated lime. Quick lime and slaked or hydrated lime are both calcium compounds, and the main difference between them is their reactivity and chemical composition. In its hydrated state, calcium is known as calcium hydroxide (slaked or hydrated lime), and in its pure state, it is known as calcium oxide (quicklime). Quick lime has a heavy density and is more reactive than hydrated lime.

Quick lime is widely used in various industries as a catalytic agent. It is used in steelmaking to separate impurities from molten steel. It also helps to separate sulfur from industrial smoke emissions. Quicklime is also used in the paper industry, fiberglass making, and metal refining industries. Hydrated lime is used with water for lime slurry addition, water ph control, lime slurry mixes, soil rehabilitation, and more. Hydrated lime is primarily used in environmental purification, agriculture, and the construction industry.

In 2016, quick lime accounted for the largest share of more than 80.0% of the total lime market by value. At the same time, hydrated lime is projected to be the fastest-growing segment with a CAGR of 3.0% in terms of value from 2017 to 2025 due to its increasing demand from the agricultural and environmental sectors.

The global lime market can be categorized on the basis of end-use application as follows:

  • Mining and Metallurgy
  • Building and Construction
  • Agriculture
  • Environment
  • Others

On the basis of end-use application, the global lime market is segmented into mining and metallurgy (iron, steel, nonferrous metal), building & construction, agriculture, environmental (flue gas desulfurization, sludge, animal, wastewater, hazardous wastes), and others (sugar production, paper production, etc.). In 2016, the mining and metallurgy end-use application segment dominated the global lime market with 36.7% of the revenue, followed by building & construction with 22.5%.

Lime is an essential product in the mining and metallurgy (iron, steel, and nonferrous metals) sectors. Lime functions as a purification agent by removing impurities such as aluminates, silicates, sulfur, and phosphorous. Quicklime is used to improve the productivity of the sinter belt, and it also protects refractories in steel industries. In the building and construction industry, lime is used for various purposes, such as in building foundations and fillings, for preparing mortar for bedding bricks and stones, as a cementing material in plaster, for whitewashing and color washing, etc. Lime is also used in soil treatment at civil engineering projects. Hydrated lime is used to improve the durability of asphalt in construction.

Lime products also play an important role in environmental protection. Lime products are used in water treatment to remove impurities. It is also used in flue gas treatment to neutralize acid gases such as sulfur dioxide, hydrogen chloride, and hydrogen fluoride.

On the basis of geography, the global lime market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • EU7
  • CIS
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East
  • GCC Countries
  • The remainder of the Middle East
  • Africa
  • Algeria
  • Nigeria
  • Tanzania
  • rest of Africa

In 2016, Asia Pacific accounted for 65.54% of the global lime market in terms of revenue. It also predicted that it would maintain its dominance from 2017 to 2025. Rapid unbanning and large-scale industrialization are the major factors driving the market growth. Furthermore, the demand for lime will increase strongly as the demand for steel and construction materials grows. China continues to lead the world in lime consumption and production, accounting for approximately 65% of global totals. Followed by Asia Pacific, Europe is another highly attractive market for lime and is projected to grow at a CAGR of 5.0% over the forecast period. The demand for lime in Europe increased in most of the major end-use applications, such as mining and metallurgy, building and construction, and the environment.

The North American lime market is characterized by high barriers to entry, which include an industry dominated by a few large-scale manufacturers with nationwide distribution and supply networks. Latin America, the Middle East, and Africa are projected to witness growth in the coming years due to increasing industrial activities and FDI investments.

Frequently Asked Questions:

The market for Lime Market is expected to reach US$ 74,375.17 Mn By 2025.

The Lime Market is expected to see significant CAGR growth over the coming years, at 6.7%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Shandong CITIC, Group Calidra, Fels Werke., Carmeuse Lime Products (Gh) Ltd. are some of the major players in the global market.

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Published Date:  May 2017
Category:  Chemicals
Report ID:   58472
Report Format:   PDF
Pages:   120
Rating:    4.7 (60)
Delivery Time: 24 Hours to 48 Hours   
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