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Global Lime Market Size, Share, Trends, Analysis, Forecast: By Type: Quick Lime, Hydrated Lime, Others; By Application: Metallurgical Applications, Environmental, Chemical and Industrial, Construction Applications; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
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.
Lime Market Report Snapshots
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Lime Market Analysis
8.1 Key Industry Highlights
8.2 Global Lime Historical Market (2018-2023)
8.3 Global Lime Market Forecast (2024-2032)
8.4 Global Lime Market by Type
8.4.1 Quick Lime
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hydrated Lime
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Lime Market by Application
8.5.1 Metallurgical Applications
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Environmental
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Chemical and Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Construction Applications
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Lime Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Lime Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Lime Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Lime Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Lime Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Lime Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Lhoist Group
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Carmeuse Group
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Graymont Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Mississippi Lime Company
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Nordkalk Corporation
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Sigma Minerals Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Ognyanovo K JSC
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Lime Market: Key Industry Highlights, 2018 and 2032
2. Global Lime Historical Market: Breakup by Type (MMT), 2018-2023
3. Global Lime Market Forecast: Breakup by Type (MMT), 2024-2032
4. Global Lime Historical Market: Breakup by Application (MMT), 2018-2023
5. Global Lime Market Forecast: Breakup by Application (MMT), 2024-2032
6. Global Lime Historical Market: Breakup by Region (MMT), 2018-2023
7. Global Lime Market Forecast: Breakup by Region (MMT), 2024-2032
8. North America Lime Historical Market: Breakup by Country (MMT), 2018-2023
9. North America Lime Market Forecast: Breakup by Country (MMT), 2024-2032
10. Europe Lime Historical Market: Breakup by Country (MMT), 2018-2023
11. Europe Lime Market Forecast: Breakup by Country (MMT), 2024-2032
12. Asia Pacific Lime Historical Market: Breakup by Country (MMT), 2018-2023
13. Asia Pacific Lime Market Forecast: Breakup by Country (MMT), 2024-2032
14. Latin America Lime Historical Market: Breakup by Country (MMT), 2018-2023
15. Latin America Lime Market Forecast: Breakup by Country (MMT), 2024-2032
16. Middle East and Africa Lime Historical Market: Breakup by Country (MMT), 2018-2023
17. Middle East and Africa Lime Market Forecast: Breakup by Country (MMT), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. Lime Historical Price Trends and Forecast 2018-2028
23. Global Lime Market Structure
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.
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