Canada Lime Market Report and Forecast 2024-2032

Canada Lime Market Outlook

The Canada lime market is projected to grow at a CAGR of 3.4% between 2024 and 2032. The market is being driven by the growing applications of lime in the agriculture and metallurgy sectors.

Key Takeaways:

• In January 2024, total lime production in Canada reached 130,485 tonnes.

• Quick lime is expected to constitute a major portion of the Canada lime market share.

• The increasing demand for lime mortar is expected to leverage the market growth.

Lime plays a crucial role in the field of metal and metallurgy due to its versatile applications and beneficial properties. One of the primary applications of lime in metalworking is as a fluxing agent. Lime is added to the furnace during the smelting process to remove impurities and improve the overall quality of the metal. It reacts with the impurities, such as silica and alumina, forming slag that can be easily separated from the molten metal. This helps in achieving a higher purity level and producing metals with superior mechanical properties.

The extensive use of lime in the metallurgy industry can be attributed to its ability to facilitate various processes and enhance the quality of metal products. This is expected to accelerate the Canada lime market growth over the forecast period.

The increasing use of lime in the agricultural sector is expected to propel the Canada lime market development. It helps to improve soil aggregation, which refers to the way soil particles bind together to form larger clumps or aggregates. This is important for creating a well-structured soil that allows for better water infiltration, root penetration, and air circulation.

Lime also serves as an effective soil conditioner by rigorously regulating soil acidity. When acids derived from nitrogen (N) fertilisers, slurry, and heavy precipitation accumulate in the soil, they can have detrimental effects on plant growth and nutrient availability. However, lime acts as a neutralising agent and restores the soil's pH balance. This is expected to drive the Canada lime market expansion in the forecast period.

Market Segmentation

Canada Lime Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Quick Lime

• Hydrate Lime

Market Breakup by Application

• Mining and Metallurgical

• Construction

• Agriculture

• Water Treatment

• Chemical and Industrial

• Others

Market Breakup by Region

• Northern Canada

• British Columbia

• Alberta

• The Prairies

• Central Canada

• Atlantic Canada

The key Canada lime market players are Graymont Limited, Carmeuse Group, and Lhoist Group, among others.

Key Highlights of the Report