Procurement Resource’s New Lime Procurement Industry Report (2022) – Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

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According to a new report by Procurement Resource titled, ‘Global Lime Industry Report: Analysis and Forecast 2022-2027’, the global lime market attained a value of about USD XX billion in 2021. The industry is further expected to grow at a CAGR of over XX% in the forecast period of 2022-2027 to reach a value of USD XX billion by 2027.

Category Driver

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 demand for steel 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 diarrhoea, cholera, and typhoid. Hence, governments and organisations 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.

Industry Developments in terms of Technology/Innovation/R&D/Sustainability

Leading companies in the lime manufacturing sector are focussing on new acquisition and expansion strategies to maintain their position in the global market and meet the increasing demand of the product. Mississippi Lime Company, one of the prominent companies, has expanded its production capacity at its Weirton, West Virginia, and Verona, Kentucky sites in 2018 to meet the demand for superior quality hydrated lime. Graymont reopened its Charbon lime plant, situated in New South Wales which has about 10,000 tonnes of quicklime and 5,000 tonnes of hydrated lime storage capacity. The organisation is aiming to immediately reopen some 70,000 tonnes of quicklime and 50,000 tonnes of hydrated lime capacity at Charbon to meet the rising market demand. Such additions and steps will produce substantial indirect profits and employment prospects that would promote the regional businesses and society. Besides, Lhoist North America got an added authorisation consent from the Texas Commission on Environmental Quality for building a new energy-efficient lime furnace at its New Braunfels, Texas facility which is helping the company to start the construction on the noteworthy extension at the facility.

Key Findings of the Report:

  • Though lime is a crucial compound used for applications in numerous industries like metallurgy, construction, and the environment various countries are struggling hard to make sure their supply is controlled regardless of COVID-19 pandemic effect on the industry. 
  • 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 demand for steel has become one of the primary drivers for the lime industry’s market growth at a global level.
  • Toxic water consumption by millions of people around the world is resulting in major transmissible diseases like diarrhoea, cholera, and typhoid. Hence, governments and organisations 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.
  • 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.
  • 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.
  • 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.
  • Even as it is used majorly in the metallurgy industry, it is facing soaring demand from the chemical and manufacturing industries. Several essential chemicals like sodium alkali, propylene glycol, calcium carbide, cyanamide, citric acid, magnesia, citrates, phenolates, and others are produced in the chemical industry by using the lime product.
  • In manufacturing industries lime has huge demand from sugar, refractory, and paper producers. Hydrated lime is a critical product for the alteration of the pH of the sugarcane juice in the sugar refining process.
  • The regional markets for the industry can be divided into North America, Asia Pacific, Europe, South America, and the Middle East and Africa.

Why Choose Procurement Resource?

  • The lime report includes preferred sourcing strategies by key suppliers present in the category
  • The report provides an overview of the production process along with recent technologies being positioned
  • The information regarding price movement, price hedging, and demand-supply is also included in the report
  • The lime industry report further offers category-specific regional trends and market dynamics
  • The report also covers supplier profiles including financial data, product portfolio, and recent category-based initiatives 
  • It provides extensive data pertaining to the demand, supply, cost, and pricing of lime, along with an in-depth analysis of key indicators of category demand and pricing 
  • The lime industry report provides category-based buyer and supplier negotiation levers and sourcing and procurement practices
  • The report extensively assesses the demand influencing and restricting factors on a regional and global level

About Us:

At Procurement Resource we have a team of highly skilled and seasoned experts who undertake extensive research to deliver our customers the newest and most up-to-date sourcing and procurement reports, cost models, price analysis, benchmarking, and category insights, which support our clientele to simplify their procurement process. Procurement Resource ensures that our clients remain at the forefront of their industries by offering actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. We work with a varied collection of procurement teams across industries to get insights and real-time data that our customers can effectively execute. Our team also tracks the prices and production costs of a broad range of goods and commodities, thus, providing our clients with updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge methodologies in the industry, assist our clients to understand the supply chain, procurement, and industry environment to form strategies that ensure their optimum growth and success in every step.

Contact Us:

Procurement Resource
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
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