Lime Market by Product, End-Use - Global Forecast 2024-2030

List of Tables

[196 Pages Report] The Lime Market size was estimated at USD 48.30 billion in 2023 and expected to reach USD 50.93 billion in 2024, at a CAGR 5.76% to reach USD 71.53 billion by 2030.

Lime is an inorganic material that is composed of calcium oxides and hydroxides. Lime is produced through a process known as thermal decomposition involving limestone heated at high temperatures in a lime kiln. The rapid growth of the construction industry and expansion of agricultural activities are expanding the use of lime for soil stabilization in agriculture and as an additive in plastering material in construction. However, environmental concerns associated with limestone mining may influence their cost and impede their use by the end-use industries. Moreover, ongoing research to improve the production process to enhance efficiency and reduce emissions is expected to encourage the growth of the lime market globally.

KEY MARKET STATISTICS
Base Year [2023]	USD 48.30 billion
Estimated Year [2024]	USD 50.93 billion
Forecast Year [2030]	USD 71.53 billion
CAGR (%)	5.76%

Product: Significant penetration of slaked lime for water treatment

Quick lime is a caustic alkaline substance that is a white crystalline solid at room temperature. It is produced by heating limestone in specially designed kilns. Quick lime is commonly used in the construction industry as it helps in the production of cement, plaster, and mortar. It is also used in the steel industry, which acts as a flux in purifying steel. In agriculture, quick lime is utilized in soil stabilization and adjustment of pH levels for healthier crop growth. Slaked lime is obtained by the slaking process and is in powder form that is white in appearance. Slaked lime is used in water and wastewater treatment plants, where it helps in the removal of impurities. Quick lime is widely used for its application in the construction and steel industry due to its caustic nature, while Slaked lime's diluted strength has increased its usage in treating water and wastewater and in the pharmaceuticals and food industry.

End-Use: Proliferating use of lime in the construction sector

Lime is extensively used in chemical intermediates for pH control, purification, and neutralization. It is used to produce vital chemical products, including sodium alkalis, calcium hypochlorite, propylene oxide, and petrochemicals. It acts as a catalyst, facilitating chemical processes thereby enhancing efficiency and productivity. Lime is used in construction, primarily for mortar preparation and concrete manufacturing. Lime increases the durability of construction materials, improving water resistance and overall longevity of the structures. Additionally, it enhances the aesthetic quality of buildings, thereby making it integral to architectural construction methodologies. In environmental applications, lime effectively treats drinking water and wastewater by removing impurities. Lime also aids in flue-gas treatment, eliminating hazardous substances, including sulfur dioxide, nitrogen oxides, and particulates from emissions. In metallurgical applications, lime usage is increasing in fluxing, refining, and pH control processes. The addition of lime to the blast furnace helps to remove silica, thereby preventing damage and ensuring optimal furnace performance. In non-ferrous metallurgy, lime is instrumental in extracting metals such as aluminum, copper, and gold from their ores.

Regional Insights

Americas represents a robust market for lime, considering its varied applications in industrial and agricultural sectors. Growth in the demand for lime is primarily driven in the Americas by the construction sector due to its usage in masonry and plastering. In APAC, rapid industrial development and urbanization have amplified the need for lime. Additionally, increases in steel manufacturing and road construction are expanding the use of lime in the APAC region. The EMEA region has a steady demand for lime from the agriculture sector to improve pH balance and for water treatment, where lime softens water by removing impurities. Besides, inclination towards sustainable practices and research to expand the applications of lime are anticipated to increase their use across end-use sectors globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Lime Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lime Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Lime Market, highlighting leading vendors and their innovative profiles. These include Adbri Ltd., Austin White Lime Company, Boral Limited, Carmeuse, Celtic Sustainables, Cheney Lime & Cement Company, Cornish Lime Company, GP Group, Graymont Limited, LAFARGE by Holcim Group, Lhoist Group, Linwood Mining & Minerals Corp., Minerals Technologies Inc., Mississippi Lime Company, Neelkanth Group, Nordkalk Corporation, Ognyanovo K AD, Omya AG, Pete Lien & Sons, Inc., SCR-Sibelco NV, Shandong Zhongxin Calcium Industry Co., Ltd., Sigma Minerals Ltd., Tarmac Trading Limited by CRH Company, United States Lime & Minerals, Inc., and Wagners Holding Company Ltd..

Market Segmentation & Coverage

This research report categorizes the Lime Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Quick Lime
- Slaked Lime

End-Use
- Chemical Intermediates
- Construction
- Environment
- Metallurgical

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Lime Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lime Market?

3. What are the technology trends and regulatory frameworks in the Lime Market?

4. What is the market share of the leading vendors in the Lime Market?

5. Which modes and strategic moves are suitable for entering the Lime Market?

Product Code: MRR-43470FC608A4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing bundling & construction activities globally
  - 5.1.1.2. Rising demand for quicklime in metallurgical applications
  - 5.1.1.3. Expanding applications of lime in agriculture sector
- 5.1.2. Restraints
  - 5.1.2.1. Volatility in the cost of lime
- 5.1.3. Opportunities
  - 5.1.3.1. Advancement in lime manufacturing production process
  - 5.1.3.2. Significant investments in water and wastewater treatment
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concerns associated with lime production
5.2. Market Segmentation Analysis
- 5.2.1. Product: Significant penetration of slaked lime for water treatment
- 5.2.2. End-Use: Proliferating use of lime in the construction sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Lime Market, by Product

6.1. Introduction
6.2. Quick Lime
6.3. Slaked Lime

7. Lime Market, by End-Use

7.1. Introduction
7.2. Chemical Intermediates
7.3. Construction
7.4. Environment
7.5. Metallurgical

8. Americas Lime Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Lime Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Lime Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. KulaDAO launches ground-breaking partnership with Bekazulu mining limited as its first RegionalDAO
- 11.3.2. Graymont touts benefits of hydrated lime in asphalt applications and committed to expand its Australian operations
- 11.3.3. Lhoist UK Extends Bulk Hydrated Lime Transport Contract with Abbey Logistics
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio