Lime Market: Global Industry Analysis and Trends (2022-2029)

Lime Market size was valued at US$ 43.01  Bn. in 2021 and the total revenue is expected to grow at 2.6 % through 2022 to 2029, reaching nearly US$ 52.82 Bn.
Lime Market Overview:
Lime is a citrus fruit that is used as a substrate for the production of citrus acid, lime oil, and a variety of other goods. As a result, rising product demand will eventually raise lime demand, and as a result, rising interest in health benefits and cleaning applications will be the primary driver of the market. Limes also include vitamin C as well as flavonoids, which are antioxidants that help collagen to stay strong. Lime water is good for hydrating and rejuvenating your skin. Some topical skincare solutions contain vitamin C and flavonoids as well. As per the data of world trade, the millet was estimated at US$ 915 million in 2021 as the highest traded product and it has 1217 ranked in the Product Complexity Index (PCI).


To know about the Research Methodology :- Request Free Sample Report

2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysed specially with the impact of lockdown by region.
Lime Market Dynamics:
The increasing construction sector around the world is driving the global lime business. The construction industry is quickly expanding, particularly in developing economies such as India and China. The growth is facilitated by the increasing economies of the countries and their burgeoning populations. To meet the population's housing demand, the region is seeing an increase in construction activity. Recent anti-dumping tariff laws in the United States, as well as new rules in China, are harming the steel business, which would help the lime industry flourish.

The demand for lime is also being driven by the increasing steel sector. Hydrated lime is used to preserve steel items from corrosion and contaminants. It acts as a covering on the items, helping to neutralize the slag's acid. As a result, the growth of the steel sector has a direct impact on the growth of the product industry. The lime industry's growth is being fueled by its increased use in metallurgical applications such as steel production. Aluminum and magnesium are also manufactured with this product. It can be used to refine metal ores and non-ferrous metals such as gold, silver, and aluminum, among other things.

Ø Steel pricing and steel demand are the most important indicators of lime demand. During the period 2021–2023, the steel production market is estimated to develop at a moderate 2–3.5% CAGR. Lime is used in refining ladles, Argon-Oxygen Decarburization (AOD) converters, and electric arc furnaces in the steel industry.

Ø In electric arc furnaces and elementary oxygen furnaces, lime is employed as a fluxing agent. The mineral aids in the removal of contaminants such as phosphorus, silica, and sulphur from the steel-making process.

The lime sector is also being pushed by environmental laws in China. The Chinese government's strict laws over emissions from power plants and wastewater treatment plants are accelerating the product's rise. Flue gas treatment, chemicals, and the increasing manufacture of autos are all important reasons boosting demand for the commodity.
Global Lime Market Segment Analysis:
Based on the Type, the global Lime market is sub-segmented into Quick Lime and Hydrated Lime. The Quick lime segment held the largest market share of xx% in 2021. Calcium oxide, or CaO, is the proper name for quicklime. Some other type of limestone, including pelletized lime, is substantially more alkaline than this material. It's made by burning limestone in a particular kiln that burns off the carbon dioxide. This changes the limestone's molecular geometry from CaCO3 to CaO. Calcium oxide is crushed and packed for usage after being transformed to this more alkaline state. Quicklime is used in a variety of applications, like iron and steel manufacture, paper and pulp manufacturing, water and flue gas remediation, and mining. Additionally, over the forecast period, the market for quick lime is estimated to rise in lockstep with the growth of big construction methods and materials.



Based on the Application, the global Lime market is sub-segmented into Building Material, Agriculture, Water Treatment, Mining and Metallurgy, and Others. Agriculture is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Due to soil treatment application as it improves the soil PH to boost the crop outcome. Additionally, lime treatment in soil offers various benefits like water holding capacity, Improved soil structure and reduced soil erosion, water purification, and better root penetration in the soil to save the crop from water droughts. Moreover, the lime treatment also improves the effect of pesticides and helps the crop to absorb nutrition from the soil. Further, the addition of calcium hydroxide to soil in the ratio of 1 - 2.2 tons per acre improves the calcium present in soil and helps in maintaining the Ph. of soil. Hence, due to wider benefits in the Agriculture sector lime market is proliferating rapidly in the forecast period.
Global Lime Market Regional Insights:
The Asia Pacific dominates the Global Lime market during the forecast period 2022-2029. The Asia Pacific held the largest market share of xx% with revenue of 27.34 billion in 2021. The rapidly increasing building sector in the region, particularly in China and India, is boosting the lime business in the region. The growing demand for hydrated lime is fueled by the rising building industry. In addition, the steel industry in the region is experiencing tremendous growth, which is driving up demand for lime. The Chinese governments and private companies increased investments in the construction and infrastructure industries have boosted demand for the commodity throughout the Asia Pacific. The region's increased demand for mineral production is likely to fuel demand for probiotics.

Also, Europe and North America held the largest market share of 25% of the lime market in 2021. According to the US government's Mineral Commodity Studies, roughly 18 million tonnes of lime were produced in the United States in 2021. During the forecast period, the region's demand for the product will be boosted by the increased focus on creating modern infrastructure and the strong demand from industrial businesses.

The objective of the report is to present a comprehensive analysis of the global Lime Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Lime Market dynamic, structure by analyzing the market segments and project the global Lime Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Lime Market make the report investor’s guide.
Global Lime Market Scope: Inquire before buying



Global Lime Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 43.01 Bn.


Forecast Period 2022 to 2029 CAGR:
2.6%
Market Size in 2029:
US $ 52.82 Bn.


 Segments Covered:
by Type
• Quick Lime
• Hydrated Lime


by Application
• Agriculture
• Building Material
• Mining and Metallurgy
• Water Treatment
• Other



Global Lime Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Lime Market, Key Players
• Adelaide Brighton Limited
• Boral Limited
• Sibelco Ltd.
• Wagners
• Lime Group Australia
• Shandong Zhongxin Calcium Industry Co., Ltd.
• Shanxi Jianqiang Active Lime Manufacturing Co.
• Valley Minerals LLC
• Graymont Limited
• Mississippi Lime Company
• Pete Lien & Sons, Inc.
• Linwood Mining & Minerals Corp.
• Lhoist
• Cheney Lime & Cement Company
• United States Lime & Minerals Inc.
• Carmeuse
• Sigma Minerals Ltd.
• Imerys
• Nordkalk

Frequently Asked Questions:

1. Which region has the largest share in Global Lime Market?
Ans: Asia Pacific region holds the highest share in 2021.

2. What is the growth rate of Global Lime Market?
Ans: The Global Lime Market is growing at a CAGR of 2.6% during forecasting period 2022-2029.

3. What is scope of the Global Lime market report?
Ans: Global Lime Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Lime market?
Ans: The important key players in the Global Lime Market are – Adelaide Brighton Limited, Boral Limited, Sibelco Ltd., Wagners, Lime Group Australia, Shandong Zhongxin Calcium Industry Co., Ltd., Shanxi Jianqiang Active Lime Manufacturing Co., Valley Minerals LLC, Graymont Limited, Mississippi Lime Company, Pete Lien & Sons, Inc., Linwood Mining & Minerals Corp., Lhoist, Cheney Lime & Cement Company, United States Lime & Minerals Inc., Carmeuse, Sigma Minerals Ltd., Imerys, and Nordkalk

5. What is the study period of this market?
Ans: The Global Lime Market is studied from 2021 to 2029.