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Global Quicklime Market to Grow at a Healthy Pace During 2021-2026, Supported by the Growth of the Global Lime Market

According to a new report by EMR titled, ‘Global Quicklime Market Report and Forecast 2021-2026’, the global market for quicklime is supported by the growth of the global lime market, which is expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach a value of about USD 59.5 billion by 2026.

The market for quicklime is being aided by the robust growth of the construction industry. Quicklime is mixed with cement, water, sand, and aluminium powder to form a slurry with thermal and sound insulation properties. As quicklime can effectively aid in drying both wet soils and plastic soils, it is extensively used in construction projects, which is augmenting the market growth. The cost-effectiveness and amorphous properties of quicklime make it ideal for use in the manufacturing of cement and have, hence, bolstered the industry growth. In addition, environmental benefits and energy-efficiency associated with quicklime are surging its use, which is also positively impacting the market growth. Further, the growing demand for aesthetic as well as durable materials is significantly contributing to the growth of the quicklime industry. Quicklime is also deployed in the construction of mortars owing to its water retention, sulphate resistance, and adhesive properties, which is providing further impetus to the market growth.

Some of the leading companies of the quicklime industry are Boral Limited (Other OTC: BOALF) and Nordkalk Corporation. The latter strengthened its circular economy business by aiming for 100% material efficiency and maximum utilisation of side streams in June 2020. The company is also attempting to find new solutions for lime-based streams generated in customers’ processes to accelerate the circular economy. It is expected to utilise secondary raw materials to reduce the use of natural resources and meet sustainable and environmental goals. It also increased research and activities (R&D) to develop circular economic solutions for lime kiln dust, and side streams from pulp and paper, metal, and mining industries. Such developments are expected to influence the market for quicklime positively.

Market Analysis by Form, Type, Application, and Region:

  • The market, on the basis of form, can be divided into large lump quicklime, crushed or pebble quicklime, ground quicklime, and pulverized quicklime, among others.
  • Based on types, the industry can be divided into high calcium quicklime, magnesium quicklime, and dolomitic quicklime, among others.
  • The major applications of quicklime include metallurgy, building and construction materials, water treatment, mining, and chemicals, among others.
  • The regional markets for quicklime include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The extensive use of quicklime in the metal industry, especially in the steel industries, owing to the rising demand for clearer and superior metals, is aiding the industry growth.
  • The industry is being driven by the rising deployment of quicklime as a clinker agent to eliminate impurities during the manufacturing of steel.
  • The rising demand for quicklime owing to the extensive use of lime in mining non-ferrous metals is propelling the market growth.
  • The growing use of quicklime in electrolytic refining of metals, such as copper due to its cost-effectiveness, is augmenting the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for quicklime for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the forms, types, applications, and major regions of quicklime.
  • The report also analyses the trade data, covering the major importing and exporting countries. 
  • The analysis of the regional price trends is also provided for the periods (2016-2020) and (2021-2026).
  • 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 quicklime market are Carmeuse Group, Mississippi Lime Company, Cape Lime (Pty) Ltd, Sigma Minerals Ltd., and Nordkalk Corporation, 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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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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