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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.
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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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