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Global Lime Market to Reach USD 59.5 Billion by 2026, Aided by the Rising Construction Industry

According to a new report by EMR titled, ‘Global Lime Market Report and Forecast 2021-2026’, the global market for lime stood at a value of nearly USD 47 billion in 2020. Further, the market is expected to grow at a CAGR of 4% over the forecast period of 2021-2026 to reach USD 59.5 billion by 2026.

The global lime industry is being supported by the growing global construction industry. The Asia Pacific region is the leading lime producer across the globe, further serving as the emerging market for lime. The industry growth in the Asia Pacific is the result of the rapidly growing urbanisation and rising disposable incomes, leading to the increased infrastructure activities and growth of the construction sector in the region. Within the region, China and India serve as the major demand markets for the product. The other significant markets include South America, and the Middle East and Africa. The demand for the product is further increasing in the steel, water treatment, mining, glass marketing, chemicals, and automobiles industry, which is supporting the growth of the industry.

In the Asia Pacific, the increased investments by the Chinese government and other private firms in the construction and infrastructure activities is driving the market further. In August 2019, Graymont Limited, a key player in the industry, in collaboration with Grupo Calidra moved forward with its previously announced acquisition of the global lime and limestone business of the Belgium-based Sibelco group, further allowing Graymont to expand its reach in the Asia Pacific and meet the needs of existing and new customers in one of the world’s most-dynamic and fast-growing markets. Further, the growing demand for high reactivity hydrated lime in the dry sorbent injection industry to control acidic gases produced at coal fired boilers and in other industrial processes is providing a boost to the industry.  In March 2018, Mississippi Lime Company, a leading manufacturer of high calcium quicklime, hydrated lime, and calcium carbonate, announced that the company will upgrade and add capability to manufacture high reactivity hydrated lime (HRH) at its Weirton, WV facility to meet the growing product demand from across the globe. Such developments are expected to further aid the industry over the forecast period.

Market Breakup by Types, Applications, End-Use Sectors, and Regions:

  • The major lime-types available in the market are quick lime and hydrated lime, among others. 
  • Lime finds wide range of applications in industries like metallurgical, environmental, chemical and industrial, construction sector, and others. 
  • Region-wise, the market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global lime industry is being supported by the booming construction sector, which is driven by the increased demand for housing and rapid infrastructure development.
  • The growing demand for lime in the steel industry, particularly hydrated lime to prevent corrosion, is further impacting the industry positively.
  • The increasing population and rising disposable incomes, particularly in the emerging economies like India and China, is further aiding the industry.
  • The growing chemical industry, coupled with the product’s wide applications in the refining of metal ores, is providing further impetus to the market. 
  • Its growing use in the metallurgical application and the expanding automobile industry is further aiding the industry growth.

Key Offerings of the Report:

  • The EMR report gives a detailed overview of the global market for lime, providing an insight into the types, applications, and regional markets of lime for the periods (2016-2020) and (2021-2026). 
  • The report also gives the historical (2016-2020) and forecast (2021-2026) price trends for the regional market of the product. 
  • The global trade data analysis has also been provided in the report by EMR.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global lime market are Lhoist Group, Carmeuse Group, Graymont Limited, Mississippi Lime Company, Nordkalk Corporation, Ognyanovo K JSC, and Sigma Minerals Ltd., 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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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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.

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