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The Asia Pacific region is witnessing rapid growth owing to the extensive end uses of hydrated lime in the region. Moreover, the exponential rise in population in India and China is increasing the demand for water treatment solutions to provide safe drinking water to the vulnerable population, which, in turn, is propelling the market growth of hydrated lime. The robust growth of the steel industry in the region due to high labour availability is also increasing the demand for hydrated lime, which is augmenting the industry growth. In addition, the surging construction activities in emerging economies such as India, China, and Indonesia are increasing the use of hydrated lime to enhance the stability and load-bearing soil used in construction, hence significantly contributing to the industry growth.
Boral Limited (ASX: BLD) and Lhoist Group are some of the major companies in the market. The latter’s subsidiary, Lhoist North America, received permit approval from the Texas Commission on Environmental Quality for the construction of a new energy-efficient lime kiln at its Marble Falls, Texas facility in May 2020. The approval paves the way for the expansion of the company’s facility. It is expected to be operational by 2021 to meet the growing demand for the company’s high purity lime products for use in the steel industry. This also marks the company’s commitment to sustainable growth. Although the COVID-19 pandemic delayed various capital spending, the company enhanced safety protocols to continue its projects while investing significantly to meet supply chain demands. Such expansions are propelling the growth of the hydrated lime industry.
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The major players in the global market for hydrated lime are Graymont Limited, Boral Limited, Nordkalk Corporation, Sigma Minerals Ltd., and Lhoist Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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