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The Lime Market size was estimated at USD 48.30 billion in 2023, USD 50.93 billion in 2024, and is expected to grow at a CAGR of 5.76% to reach USD 71.53 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
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.
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.Market Trends by Segment
- Product: Significant penetration of slaked lime for water treatment
- End-Use: Proliferating use of lime in the construction sector
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
KulaDAO launches ground-breaking partnership with Bekazulu mining limited as its first RegionalDAO
Bekazulu Mining Limited, the RegionalDAO of KulaDAO, dispatched a delegation to the Eastern Province of Zambia for a meeting with the management and operations teams. The primary objective of the panel was to evaluate the team and assets involved in limestone mining, as well as to establish local, regional, and national political connections for future collaboration. Bekazulu Mining Limited is responsible for producing lime products, including hydrated lime, quick lime, aggregate, and concrete/cement, catering to both local and regional markets. After the evaluation, KulaDAO finalized a share agreement, acquiring 14% of the stock and officially adding Bekazulu Limestone as its first RegionalDAO.Graymont touts benefits of hydrated lime in asphalt applications and committed to expand its Australian operations
Graymont has recently expanded its operations in Australia to meet the demand for high-quality lime and limestone products among domestic customers, including asphalt producers. This expansion allows Graymont to leverage its global production network and demonstrates its commitment to investing several hundred million Australian dollars in the coming years to enhance and expand its production capacity for quicklime, hydrated lime, and limestone in Australia. These investments ensure a stable supply of lime and limestone & support the growth of various industries in the country.Lhoist UK Extends Bulk Hydrated Lime Transport Contract with Abbey Logistics
Lhoist UK, a part of the Lhoist Group, has extended its contract with Abbey Logistics to meet the lime requirements of customers throughout the UK. The Lhoist Group is a producer of lime and limestone products globally. In the UK, the group operates from its works in Buxton and Kirkby Stephen, producing lime for various applications. The partnership between Abbey Logistics and Lhoist UK ensures the delivery of high-quality lime products to customers while maintaining a commitment to environmental sustainability.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.This research report offers invaluable insights into various crucial aspects of the Lime Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Lime Market, by Product
7. Lime Market, by End-Use
8. Americas Lime Market
9. Asia-Pacific Lime Market
10. Europe, Middle East & Africa Lime Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- 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.
- Wagners Holding Company Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 50.93 Billion |
| Forecasted Market Value ( USD | $ 71.53 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
