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The global lime market reached a value of around USD 47 billion in 2019. The market is expected to grow at a CAGR of 4% in the forecast period of 2020-2025 to reach a value of USD 59.5 billion by 2025. The high maturity markets in the industry include North America and Europe. The markets with high growth potential include countries like South America, the Middle East and Africa, and the Asia Pacific.
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The Asia Pacific is the leading region in terms of production. The region is expected to continue having a healthy growth rate in the coming years as well. It is among the fastest-growing lime market. The lime market in the region is boosted by the rapidly growing construction industry in the region, especially China and India. The booming construction industry is supporting the demand growth for hydrated lime. The region also has significant demand growth for the steel industry, which in turn is boosting the demand for lime. The increasing investments by the Chinese government, as well as private firms in the construction and infrastructure industries, have boosted the demand for lime in the Asia Pacific. The growing demand for mineral production in the region is also expected to drive the demand for the product. China is likely to be the largest lime producer as well as consumer in the region in the coming years.
Lhoist Group, one of the key players, is also a leading company of lime as well as minerals. The company holds over a 10% share in the lime production, globally. It produces and distributes lime across various regions. It is the leading company due to the excellent quality of its product, which is liked by the consumers worldwide. It serves industries like steel, environmental, building and civil engineering, pulp and paper, and agriculture industries.
Properties and Applications
Lime refers to a white caustic alkaline material that consists of calcium oxide, generated by heating limestone and combined with water to produce a lot of heat and quicklime.
The various types of the product are:
Lime is used in the following sectors:
Metallurgical applications are the leading application sector, accounting for 37% of the product’s applications globally.
Quick lime finds wide applications in the following industries:
Hydrated lime has its applications in the following segments:
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The global lime market is being driven by the growing construction industry across the globe. The construction sector is rapidly growing, especially in the developing economies, like India and China. The growth is aided by the growing population and the rising economies of the countries. The region is witnessing growing construction activities to cater to the housing demand of the population. Recent policies in the United States regarding anti-dumping tariffs and the new regulations in China are affecting the steel industry, which would also support the lime market growth.
The growing steel industry is also driving the lime market demand. Hydrated lime has its application in providing the steel products protection from corrosion as well as impurities. It is like a coating on the products, which helps to neutralize the acid of the slag. Thus, the growth in the steel industry is directly affecting the lime industry growth. Its increasing use in the metallurgical application while producing steel is driving the growth of the lime market further. The product is also used in the manufacturing of aluminium and magnesium. It has wide applications in the refining of metal ores and non-ferrous metals like gold, silver, and aluminium, among others.
Environmental regulations in China are also acting as a major driver for the lime market. The stringent regulations by the China government about the emissions by power plants and wastewater treatment plants is driving the industry growth for the product further. Other major factors driving the demand for lime are flue gas treatment, chemicals, and the growing automobiles production.
The report gives a detailed analysis of the following key players in the global lime market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives the price and trade data analysis of the industry.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Lime Market Analysis
6.1 Figure: Global Lime Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Lime Market Breakup by Type
6.2.1 Quick Lime
6.2.2 Hydrated Lime
6.3 Figure: Global Lime Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Quick Lime
6.3.2 Hydrated Lime
6.4 Chart: Global Lime Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.4.1 Metallurgical Applications
6.4.3 Chemical and Industrial
6.4.4 Construction Applications
6.5 Figure: Global Lime Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Metallurgical Applications
6.5.3 Chemical and Industrial
6.5.4 Construction Applications
6.6 Chart: Global Lime Market Breakup by Region
6.6.1 North America
220.127.116.11 United State of America
18.104.22.168 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.7 Figure: Global Lime Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
184.108.40.206 United State of America
220.127.116.11 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 Global Lime Price Analysis
7.1 North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.5 Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8 Global Trade Data Analysis (HS Code: 252210, 252220,252230)
8.1 Major Exporting Countries: by Value and Volume
8.2 Major Importing Countries: by Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Sourcing Model
14.2 Contract Model
15 Cost Analysis
15.1 Cost of Raw Material
15.2 Labour Cost
15.4 Manufacturing Overheads
15.5 Other Costs
16 Competitive Landscape & Supplier Analysis
16.1 Lhoist Group
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Carmeuse Group
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 Graymont Limited
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Mississippi Lime Company
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Nordkalk Corporation
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Ognyanovo K JSC
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Sigma Minerals Ltd.
16.7.1 Company Overview
16.7.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis and Project Economics
19.1 Land, Location and Site Development
19.3 Plant Machinery
19.4 Cost of Raw Material
19.9 Other Capital Investment
The global lime market attained a value of around USD 47 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4%. The lime market is projected to reach a value of USD 59.5 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global lime market can be segmented into quick and hydrated lime, among others. On the basis of application, the product finds its applications in metallurgical applications, environmental, chemical and industrial, and construction applications, with metallurgical applications leading the industry, accounting for nearly 37% of the product’s applications. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific being the largest producer of the product. The major players in the above industry include Lhoist Group, Carmeuse Group, Graymont Limited, Mississippi Lime Company, Nordkalk Corporation, Ognyanovo K JSC, and Sigma Minerals Ltd., among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing steel and construction industries, favourable environmental regulations, and growing metallurgical industry are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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