Global Quicklime Market Report and Forecast 2024-2032

Global Quicklime Market Outlook

The global quicklime market is supported by the growth of global lime market, which attained a value of about USD 52.87 billion in 2023. The global lime market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032 to reach a value of about USD 75.26 billion by 2032.

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Extensive Use of Quicklime in the Metal Industry Aiding the Market Growth of Quicklime

The extensive use of quicklime in the metal industry is aiding the market growth. It is primarily employed in the steel industry owing to its favourable properties during the production of steel. The rising demand for superior and clearer steel is also increasing the use of quicklime, hence boosting the growth of the quicklime industry. The corrosion resistive and high-temperature resistant properties of quicklime make it ideal to be used as a clinker agent to eliminate impurities during the manufacturing of steel. As steel is one of the most widely used alloys deployed in various major industries, the demand for quicklime is also significantly surging, consequently augmenting the industry growth. Moreover, various research activities to utilise dust particles of zinc produced during steelmaking are increasing the demand for quicklime. The potential separation of zinc by combining its oxide with quicklime to promote the former’s decomposition for further application is providing impetus to the market growth.

Quicklime: Market Segmentation

Quicklime, variously known as calcium oxide, is a chemical compound that is manufactured by heating limestone at a high temperature. It is cost-effective and has various excellent properties such as corrosion-resistant, high permeability, and temperature resistance, due to which it is extensively deployed in major industries, such as construction, metal, and mining, among others.

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The major forms of quicklime are:

• Large Lump Quicklime
• Crushed Or Pebble Quicklime
• Ground Quicklime
• Pulverized Quicklime
• Others

The market can be broadly categorised on the basis of its types into:

• High Calcium Quicklime
• Magnesium Quicklime
• Dolomitic Quicklime
• Others

Based on applications, the market is divided into:

• Metallurgy
• Building and Construction Materials
• Water Treatment
• Mining
• Chemicals
• Others

The EMR report looks into the regional markets of quicklime like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Mining Activities to Bolster the Growth of the Quicklime Industry

The use of limes in mining non-ferrous metals is increasing the demand for quicklime to increase temperature-resistant and reactivity of metals, hence boosting the market growth. The growing demand for elements such as copper owing to their biodegradability is increasing the activities of such metals. This, in turn, is surging the use of quicklime as a settling aid to maintain the alkalinity of copper ores, which is expected to drive the market growth. Moreover, the requirement of pH control in mining to prevent the loss of valuable metals and reagents is increasing the demand for quicklime, hence accelerating the market growth.

The use of quicklime in electrolytic refining of metals such as copper is anticipated to augment the industry growth. In addition, the cost-effectiveness of quicklime makes it ideal for extensive usage in various industries such as construction and oil and gas. The biodegradable and sustainable properties of quicklime are further projected to propel the growth of the industry in the forecast period.

Key Industry Players in the Global Quicklime Market

The report presents a detailed analysis of the following key players in the global quicklime market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Carmeuse Group
• Mississippi Lime Company
• Cape Lime (Pty) Ltd
• Sigma Minerals Ltd.
• Nordkalk Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report