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ALBANY. N.Y. , June 22, 2022 /PRNewswire/ -- Widespread use of lime products in diverse range of applications including in mining, pulp & paper, sugar, bioplastics, and wastewater treatment is increasingly enriching the lime market outlook. Manufacturers of quicklime and hydrated lime products are tapping into current and emerging revenue streams mainly by focusing on improving the useful product attributes such as temperature and moisture resistance and plasticity. A global market study on lime by analysts of TMR forecasts the valuation to advance at CAGR of 6.2% during the forecast period of 2022–2031.
The market demand for lime for soil stabilization is rising at a rapid pace, pivoting on a booming building and construction industry, where lime products have found increased adoption in road construction worldwide. Ongoing trends of lime market indicate that there is an enormous demand for the products as flux in metallurgy and steel production. Extensive demand for lime in various stages of steel production has created abundant lucrative avenues for companies in the lime market.
An in-depth lime market revenue analysis asserts that industrial use of lime in water softening process is likely to gather momentum on back of stringent regulations in water and wastewater treatment industry. The TMR study thus found the market growth has been stirred on the back of consumption of the products by municipalities. Slaked lime and quicklime have been lucrative segments, notably due to massive uptake in steel and other end-use industries.
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Key Findings of Lime Market Study
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Lime Market: Regional Growth Dynamics
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Some of the key players in the lime market are Brookville Manufacturing, Cornish Lime, Valley Minerals LLC, Sigma Minerals Ltd., Carmeuse, Cape Lime (Pty) Ltd., Pete Lien & Sons, Inc., Minerals Technologies Inc Graymont, Cheney Lime & Cement Company, and Lhoist. Key players are constantly leaning on reducing production and operation costs as a key strategy to boost their profitability.
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