The global lime market reached a value of about USD XX billion in 2021. The industry is projected to grow at a CAGR of around XX%. in the forecast period of 2022-2027 to reach a value of USD XX billion by 2027.
The global lime industry report gives a comprehensive analysis of the industry including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. 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 industry to pick up its pace in the global market. The key demand indicator in the industry report is the highest category spender by region— Asia Pacific.
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. It is a calcium-containing inorganic mineral compound of oxide and hydroxide that are mainly alkaline in nature. It 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. 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), and by region (North America, Europe, Asia Pacific, South America, and the Middle East and Africa).
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 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.
A large amount of carbon dioxide, one of the greenhouse gases, is generated during the production process of lime which results in global warming and various disasters. To add further, its product manufacturing is an extremely energy-concentrated process which in turn adds to the industry’s global carbon footprint.
The global lime industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major lime products utilising regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
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, pulverising, 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.
Lime finds its utilisation in a multitude of applications in numerous industry types. 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. Whereas, in manufacturing industries the chemical 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. Around 3 percent of the lime solution is included during the synthesis process to steady zirconium oxide production. While the lime product is used for managing the whiteness of the paper by eradicating the contaminations from the raw pulp during the paper production method.
The regional markets for the industry can be divided into North America, Asia Pacific, Europe, South America, and the Middle East and Africa.
The market is projected to regain its pre-pandemic demand in the upcoming years as governments across the world are lifting the restrictions during the last few months of 2020, on various activities like the construction and production of metal products. Quick lime is dominating the other segments in the lime industry because of its huge demand for steel manufacturing, while the hydrated line is largely utilised in the flue gas treatment process across numerous coal fire plants, glass, and cement industries, and waste furnaces. It is also used as a flocculant for the treatment of sewage and water, facilitated by its low cost and exceptionally low toxicity. Additionally, the steel industry is the largest consumer of calcium hydroxide and at present uses, more than 35 percent of lime is produced globally. Also, lime is used to produce copper ore, manufacture alumina, and magnesia that is further used in aluminium and magnesium.
It is an important compound used to improve the pH of agricultural soil to stimulate elevated crop harvest. It is used in mortar and plaster due to its high level of plasticity, workability, and adhesion properties and is used to treat industrial and mining water in the construction industry. Moreover, due to the strong pollution control laws implemented by the governments in the United States, China, and India, the demand for lime to treat the water for consumption of people is growing at a higher speed.
1. Executive Summary
2. Global Lime Market Snapshot
2.1. Lime Market Outlook
2.2. Lime Industry Analysis by Type
2.2.1. Quick lime
2.2.2. Hydrated Lime
2.3. Lime Industry Analysis by Application
2.3.3. Chemical and Industrial
2.4. Regional Overview
2.4.1. North America
2.4.2. Latin America
2.4.4. Asia Pacific
2.4.5. Middle East and Africa
3. Market Trends
4. Impact of Recent Events
5. Lime Value Chain Analysis
6. Lime Production Process
7. Trade Analysis
8. Lime Cost Structure
8.1. Cost Saving Opportunities
9. Lime Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Soyabean Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Supplier Selection Criteria
13.2. Procurement Parameters
13.3. Sourcing Model
13.4. Negotiation Levers
13.5. Procurement Model
13.6. Pricing Model
14. Key Supplier Analysis
14.1. Lhoist Group
14.2. Carmeuse Group
14.3. Graymont Ltd.
14.4. Mississippi Lime Co.
14.5. Nordkalk Corp
The global lime market size was valued at USD XX billion in 2021.
In the forecast period of 2022-2027, the global lime market is projected to grow at a CAGR of XX%.
The major regions in the industry 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 most significant application of the product is metallurgical applications.
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 key market trend guiding the growth of the market includes the rising demand from the steel industry.
The global lime market reached a value of about USD XX billion in 2021. The industry is projected to grow at a CAGR of around XX% by 2027. Lime 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. The report comprises segments by type, application, and region. The most dominating segment among other in the lime industry is quick lime because of its huge demand for steel manufacturing, while the hydrated line is largely utilised in the flue gas treatment process. 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.
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