Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Lime Market Size

The global lime market reached a volume of around 474.66 MMT in 2023. The market is expected to grow at a CAGR of 5.9% in the forecast period of 2024-2032.

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.

Quicklime is produced by heating limestone (which primarily consists of calcium carbonate, CaCO₃) in a kiln at temperatures above 900°C. This process, known as calcination, drives off carbon dioxide (COâ‚‚) from the limestone, leaving quicklime. Quicklime is highly reactive, especially with water, where it produces heat in a process called slaking.

Lime Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Hydrated lime is formed by adding water to quicklime. This hydration reaction is exothermic and results in a fine, dry powder. Hydrated lime is less caustic than quicklime and is commonly used in a variety of applications. Agricultural lime is primarily composed of crushed limestone and is used to increase the pH of acidic soil, making it more suitable for plant growth. It also supplies calcium and magnesium to plants.

Lime Industry Segmentation

The various types of the product are:

  • Quick Lime
  • Hydrated Lime
  • Others

On the basis of types, the quick lime segment is anticipated to witness robust growth during the forecast period on account of the surging usage of quicklime in the production of iron and steel, treatment of water and flue gases, paper and pulp production, and in the mining sector. The surging demand for quicklime in the process of metal extraction is further boosting the lime market demand globally.

The essential utilisation of quicklime in the steel sector can be attributed to quicklime’s use in the basic oxygen steelmaking (BOS) process. Moreover, the increased usage of quicklime in food additives is further propelling the market demand for lime. There is a rise in popularity of quicklime in the food sector as a flour treatment agent, leavener mattress maker, and as an acid regulator.

Lime Market by Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The product is used in the following sectors:

  • Metallurgical Applications
  • Environmental
  • Chemical and Industrial
  • Construction Applications

Metallurgical applications hold the largest lime market share, accounting for 37% of the product’s applications globally. Lime plays a crucial role in metallurgical processes, particularly in the steelmaking and non-ferrous metal refining industries. In the production of steel, lime is used as a flux to remove impurities like phosphorus and sulphur from the molten iron ore. When lime reacts with these impurities, it forms slag, which is less dense than the molten metal and can be easily separated.

Lime is also used in the refining of non-ferrous metals such as copper and aluminium. It helps in removing impurities and refining the final product. It is further employed to control the pH levels in various metallurgical processes. This is important in processes where the pH needs to be maintained at a specific level for the efficient extraction of metals.

In both iron and steelmaking, lime helps in forming slag, which entraps waste products and allows for their easy removal. This slag can also be processed further to recover certain valuable materials.

Lime Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The report also covers the major regional markets for lime, which are as follows:

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East and Africa

Lime Market Analysis

The market growth can be attributed to various factors, including lime's diverse applications across multiple industries. Lime is extensively used as a key ingredient in various industries. For instance, in the food processing sector, it is used in certain pickles and juice processing. Its unique flavour makes it a demanded ingredient in beverages and confectionery products. Additionally, the lime rind, which contains the chemical compound limonene, is widely used in the oil and cosmetics industries.

Key applications of lime include metallurgical applications, environmental, chemical and industrial, and construction applications. In the metallurgical sector, lime is heavily demanded for steel manufacturing, where it helps in the separation of impurities as slag, thereby enhancing metal performance. In environmental applications, hydrated lime is employed in flue gas treatment processes across various industries.

Growth of the steel sector is positively influencing the market growth

The growing steel sector is also driving the market growth. One of the crucial lime market trends is the application of hydrated lime in providing steel products protection from corrosion as well as impurities. It is like a coating on the products, which helps to neutralise the acid of the slag. Thus, the growth in the steel sector is directly affecting the market growth of the product. Its increasing use in the metallurgical application while producing steel is driving the market growth of the lime 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.

The market for steel is being driven by the growing construction sector across the globe. The construction sector is rapidly growing, especially in developing economies, like India and China. The growth is aided by the growing population and the rising economies of the countries. These regions are 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 sector, which would also support the market growth of lime.

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 lime production, globally. It produces and distributes the product across various regions. It is the leading company due to the excellent quality of its product, which is liked by consumers worldwide. It serves industries like steel, environmental, building and civil engineering, pulp and paper, and agriculture industries.

Regional Insights

The Asia Pacific leads the market for lime, supported by growing construction sector and improving production capabilities of domestic manufacturers

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 markets for lime. The market in the region is boosted by the rapidly growing construction sector in the region, especially in China and India. The booming construction sector is supporting the demand growth for hydrated lime.

The region also has significant demand growth for the steel sector, which in turn is boosting the lime market growth. The increasing investments by the Chinese government, as well as private firms in the construction and infrastructure industries, have boosted the demand for the product 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.

Environmental regulations in China are also acting as a major driver for the market. The stringent regulations by the Chinese government regarding the emissions by power plants and wastewater treatment plants are driving the market growth for the product further. Other major factors driving the demand for the product are flue gas treatment, chemicals, and the growing automobile production.

The market in North America is characterised by its steady growth and is influenced by various factors. Lime is used across multiple sectors in North America, including construction, environmental, metallurgical, and chemical industries. In construction, it's used for soil stabilisation, mortar, and plaster. In the environmental sector, lime aids in water treatment processes and flue gas treatment.

The focus on infrastructure development, particularly in the US market, is expected to drive the demand for lime in construction-related applications.

The high-maturity markets for lime 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. North America, especially the United States, is involved in the export and import of lime, which influences market dynamics in the region.

Key Players in the Lime Market

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:

  • Lhoist Group 
  • Carmeuse Group
  • Graymont Limited
  • Mississippi Lime Company
  • Nordkalk Corporation
  • Sigma Minerals Limited
  • Ognyanovo K JSC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market 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 market.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Quick Lime
  • Hydrated Lime
  • Others
Breakup by Application
  • Metallurgical Applications
  • Environmental
  • Chemical and Industrial
  • Construction Applications
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Lhoist Group 
  • Carmeuse Group
  • Graymont Limited
  • Mississippi Lime Company
  • Nordkalk Corporation
  • Sigma Minerals Limited
  • Ognyanovo K JSC
  • Others

Our Top Selling Reports

HVAC Market

Toys Market

Urea Market

Bus Market

Tuna Market

Construction Market

Helium Market

Asphalt Market

Footwear Market

Chromium Market

Lime Market Report Snapshots

Lime Market Size

Lime Market Analysis

Lime Companies

Lime Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

In 2023, the global lime market attained a volume of nearly 474.66 MMT.

The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.

The major market drivers include booming construction sector and the growing demand for lime in mineral production activities.

The key trends guiding the market include the increasing applications of lime in the steel sector, the rising use of lime in manufacturing magnesium and aluminium, and the growing housing demand.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of lime in the market are quick lime and hydrated lime, among others.

The various applications of lime include metallurgical applications, environmental, chemical and industrial, and construction applications.

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

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Strategic Solutions for Informed Decision-Making

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-120-433-0800

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124