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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.
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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.
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