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Global Hydrated Lime Market is Expected to Grow at a Healthy Pace During 2021-2026, Aided by the Growth of Global Lime Market

According to a new report by EMR titled, ‘Global Hydrated Lime Market Report and Forecast 2021-2026’, the global hydrated lime market is supported by the growth of the global lime market, which attained a value of about USD 47 billion in 2020. The industry is further expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach a value of approximately USD 59.5 billion by 2026.

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.

Market Analysis by Type, Application, End Use, and Region:

  • The market, on the basis of type, can be divided into high calcium hydrated lime, and dolomitic hydrated lime, among others.
  • Based on application, the industry can be divided into water treatment, building materials, mineral processing and metallurgy, pellatisation of steel, and whitening agent, among others.
  • The end uses for hydrated lime include mining industry, construction, paper industry, chemical, and oil and gas, among others.
  • The regional markets for hydrated lime include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand for hydrated lime as a sludge stabiliser and sludge conditioner in water treatment is augmenting the market growth. 
  • The market is being driven by the extensive use of hydrated lime in the construction of mortars to increase the balance and strength of the building.
  • The use of hydrated lime to increase the load-bearing capacity, stability, and non-permeability of soils in the construction industry is propelling the market growth.
  • The rising use of hydrated lime as a substitute for cement in concrete mixtures due to its excellent properties and cost-effectiveness is aiding the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for hydrated lime for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, end uses, and regions of hydrated lime.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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

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