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Global Lime Market to be Driven by the Growing Construction Industry Across the Globe in the Forecast Period of 2023-2028

The new report by Expert Market Research titled, ‘Global Lime Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global lime market, assessing the market based on its segments like type, application, and major regions.

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.

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2020): 400 MMT
  • Forecast CAGR (2023-2028): 5.87%
  • Forecast Market Size (2026): 543 MMT

The rising construction industry around the world is driving the global lime industry. The construction industry is rapidly expanding, especially in developing economies such as India and China. The expansion is aided by the rising economies of the countries and their increasing populations.

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To meet the population’s housing demand, these regions are witnessing an increase in construction activity. Moreover, recent anti-dumping tariff policies in the United States, as well as new regulations in China, are affecting the steel industry, which would help the lime industry expand further in the coming years.

Industry Definition and Major Segments

Lime is a calcium-containing inorganic mineral that is mainly made up of oxides and hydroxides, most commonly calcium oxide and calcium hydroxide. It is also the term for calcium oxide, which is found in volcanic ejecta as a byproduct of coal-seam fires and in altered limestone xenoliths.

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Based on type, the industry can be categorised into:

  • Quick Lime
  • Hydrated Lime
  • Others

By application, the market is classified into:

  • Metallurgical Applications
  • Environmental
  • Chemical and Industrial
  • Construction Applications

Regionally, the industry can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growth of the lime market is expected to be aided by the extensive use in construction industry. Rise in deals and partnerships is also expected to bolster the market growth in the coming years. Sibelco has reached an agreement with Grupo Calidra and Graymont, two of the largest lime producers in the world.

The acquisition of Sibelco’s operations in Malaysia, Indonesia, Australia, and the Philippines, according to Graymont, will enable the company to expand its presence across the Asia Pacific region, where 547,500 tons of lime is expected to be sold in 2027.

Key Market Players

The major players in the market are Lhoist Group, Carmeuse Group, Graymont Limited, Mississippi Lime Company, Nordkalk Corporation, Ognyanovo K JSC, Sigma Minerals Ltd., and 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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Global Potassium Sulphate (SOP) Market: https://www.expertmarketresearch.com/reports/potassium-sulphate-sop-market

Global Solvent Market: https://www.expertmarketresearch.com/reports/solvent-market

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.