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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 (CO2) from the limestone, leaving quicklime. Quicklime is highly reactive, especially with water, where it produces heat in a process called slaking.
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 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.*
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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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