Lime Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44772
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The lime market has the potential to grow by 23.42 million metric tonnes during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.92%.

This lime market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (hydrated lime and quicklime) and geography (APAC, Europe, North America, MEA, and South America). The lime market report also offers information on several market vendors, including Afrimat Ltd., Brookville Manufacturing, Carmeuse Coordination Center SA, CRH Plc, Lhoist Group, Minerals Technologies Inc., Mississippi Lime Co., Nordkalk Corp., United States Lime & Minerals Inc., and Valley Minerals LLC among others.

What will the Lime Market Size be in 2021?

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Lime Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rapid growth of the construction sector during the forecast period is notably driving the lime market growth, although factors such as environmental impacts of limestone mining may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lime industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the lime market is the rapid growth of the construction sector.
  • Lime is a key ingredient in mortar and plaster used during construction activities.
  • The recovery in the US economy has created optimism among homebuyers, leading to increased demand for new single and multi-family homes.
  • The construction sector recorded significant growth in APAC, especially in emerging countries such as India and countries in Southeast Asia.
  • The rapid growth of the global construction sector is expected to boost the demand for lime and lime products.
  • The growing focus on wastewater recycling is another major factor supporting the lime market share growth.
  • Hydrated lime finds extensive applications, as a coagulant and a flocculant, in industrial and municipal wastewater treatment plants.
  • There is growing concern about pollution caused by industries by way of harmful emissions and ineffective wastewater treatment.
  • Countries such as the US and those in Western Europe are enforcing regulations on wastewater treatment and recycling among industries.
  • Emerging countries such as India and China are also focusing on industrial water recycling to counter water scarcity and groundwater pollution.

This lime market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Lime Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Afrimat Ltd.
  • Brookville Manufacturing
  • Carmeuse Coordination Center SA
  • CRH Plc
  • Lhoist Group
  • Minerals Technologies Inc.
  • Mississippi Lime Co.
  • Nordkalk Corp.
  • United States Lime & Minerals Inc.
  • Valley Minerals LLC

 

This statistical study of the lime market encompasses successful business strategies deployed by the key vendors. The lime market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lime market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Lime Market?

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56% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the lime market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid growth of several industries, such as construction, automotive, and technology, has resulted in high demand for ferrous and non-ferrous metals such as steel, aluminum, and copper in the country. This will facilitate the lime market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Lime Market?

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The lime market share growth by the hydrated lime segment will be significant during the forecast period. The market is primarily driven by the rapid growth in water treatment infrastructure. Hydrated lime is the primary ingredient used in treating acidic impurities and restoring the pH balance of water. With the growth in population and the rising scarcity of freshwater resources, several countries are investing significantly in domestic and industrial wastewater treatment and recycling. Developed economies, too, such as the US and those in Europe, are investing significantly in industrial wastewater recycling facilities and implementing stringent policies to ensure that industrial and municipal facilities comply with the respective wastewater treatment regulations. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the lime market size and actionable market insights on post COVID-19 impact on each segment.

 

Lime Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.92%

Market growth 2021-2025

23.42 mn MT

Market structure

Fragmented

YoY growth (%)

3.78

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 56%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Afrimat Ltd., Brookville Manufacturing, Carmeuse Coordination Center SA, CRH Plc, Lhoist Group, Minerals Technologies Inc., Mississippi Lime Co., Nordkalk Corp., United States Lime & Minerals Inc., and Valley Minerals LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Lime Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive lime market growth during the next five years
  • Precise estimation of the lime market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the lime industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of lime market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Hydrated lime - Market size and forecast 2020-2025
    • Quicklime - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Afrimat Ltd.
      • Brookville Manufacturing
      • Carmeuse Coordination Center SA
      • CRH Plc
      • Lhoist Group
      • Minerals Technologies Inc.
      • Mississippi Lime Co.
      • Nordkalk Corp.
      • United States Lime & Minerals Inc.
      • Valley Minerals LLC

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The lime market growth will increase by $20.60 million tons during 2019-2024.
      The lime market is expected to grow at a CAGR of 1.09% during 2019-2024.
      Technavio has segmented the lime market by product (Hydrated lime and Quicklime) and geographic (APAC, Europe, North America, MEA, and South America).
      Afrimat Ltd., Brookville Manufacturing, Carmeuse Coordination Center SA, CRH Plc, Lhoist Group, Minerals Technologies Inc., Mississippi Lime Co., Nordkalk Corp., United States Lime & Minerals Inc., Valley Minerals LLC are a few of the key vendors in the lime market.
      APAC will register the highest growth rate of 65.53% among the other regions. Therefore, the lime market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • India
      • Germany
      • Japan
      The key factors driving the lime market growth are:
      • Rapid growth of construction sector
      The lime market vendors should focus on grabbing business opportunities from the hydrated lime segment as it accounted for the largest market share in the base year.
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