Wednesday, April 20, 2022

Global Lime Industry Report: Analysis and Forecast 2022-2027

Lime Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global lime market reached a value of USD XX billion in 2021. The industry is further expected to grow at a CAGR of about XX% in the forecast period of 2022-2027 to reach a value of USD XX billion by 2027. Like other industries, the COVID-19 pandemic negatively affected the global production of lime and disturbed its export and import activities, however, the increasing worldwide demand for lime by the growing construction industry primarily in the emerging countries along with the rising steel industry has helped the lime industry to pick up its pace in the global market. The key demand indicator is the highest category spender by region— Asia Pacific.

Lime: Industry Definition and Segmentation

Scope

Lime is manufactured from limestone and is primarily used as a chemical additive for important end-use industrial applications like metallurgy, construction, chemicals, and environmental. It is a low-cost commodity produced in a large volume. Lime is a calcium-containing inorganic mineral compound of oxide and hydroxide that are mainly alkaline in nature. Lime is a multipurpose chemical that is widely used in the metallurgy industry and is witnessing a rise in demand in the chemical and manufacturing industry.

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The lime market industry report comprises segments by:

  • Type - Quick Lime and Hydrated Lime
  • Application - agriculture, building material, mining and metallurgy, water treatment, and others
  • Region-wise - North America, Europe, Asia Pacific, South America, and the Middle East and Africa

Snapshot of the Report

The regional markets for the industry can be divided into North America, Asia Pacific, Europe, South America, and the Middle East and Africa.

Read Full Report with Table of Contents: - https://www.procurementresource.com/reports/lime-industry-report

Category Drivers

Lime is used as a critical element in the steel manufacturing process. There is an immense demand for steel products in the last few years due to the rising focus and involvement of the governments in China, India, Brazil, and South Africa to construct a strong infrastructure and residences for the growing population in these regions, therefore steel demand has become one of the primary drivers for the lime industry’s market growth at a global level. Besides, toxic water consumption by millions of people around the world is resulting in major transmissible diseases like diarrhea, cholera, and typhoid.

Hence, governments and organizations such as the UN and US EPA, have laid down a legal structure to determine the quality standards for drinking water. The hydrated lime product helps in changing the acidity of industrial and mining wastewater and removes contaminants such as phosphorus and nitrogen therefore its usage in treating water has gained major footing. Likewise, since quicklime product absorbs and neutralises SOx emissions and hence, prevents acid rains, it is used to clean chimney gas released by industries, powerplants, and waste incinerators. Hence, the rigorous environmental conservation requirements are expected to drive the demand for lime.

Category Insight by Region

The Asia Pacific region is projected to dominate the international market in the forecasted period, majorly credited to the superior end-user industries’ intensity in China. China is the leading country to manufacture various metal products such as steel, aluminium, and gold. Additionally, the increased focus on infrastructural development in India and other Southeast Asian countries is proving to be a critical factor in the massive growth of the lime market in the region. Furthermore, with the new governmental strategies to develop the infrastructure, the lime market in North America is expected to grow more in the coming years. Also, Europe’s production volume is approximately double that of North America. The main reason behind the region’s growth in the lime market is the development of steel production to meet the needs of the invigorating automotive industry. To add, there is an increasing demand by the paper and plastic industries to treat wastewater and flue gases providing an excellent growth opportunity for the market players.

Best Procurement Practices

The global Lime industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of lime products across the globe, such as engagement models, contract terms, buyer, and supplier negotiation levers, among others.

Category Management Studies

Lime is produced from the key raw materials, limestone, and chalk when exposed to temperatures above 800 degrees Celsius during the calcination process, which breaks down the carbonate compound into highly corrosive calcium oxide or quicklime and releases carbon dioxide. The manufacturing of lime comprises various processes such as crushing, pulverizing, heating, and hydrating and is called a lime cycle. The procedure for lime production varies according to the required product and application. The first product formed by the lime process is quicklime and hydrated lime is produced by adding water to the quicklime.

Key Supplier Profiles included in the Global Lime Industry Report

The major players in the industry are Lhoist Group, Carmeuse Group, Graymont Limited, Mississippi Lime Company, Nordkalk Corporation, Sigma Minerals Limited, and Ognyanovo K JSC, among others.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

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