North America Lime Market by Product and Geography - Forecast and Analysis 2022-2026

The lime market share in North America is expected to increase by 3.32 million metric tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.61%.

This lime market in North America 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 the lime market in North America segmentation by product (hydrated lime and quicklime) and geography (US, Canada, and Mexico). The North America lime market report also offers information on several market vendors, including Afrimat Ltd., Carmeuse Coordination Center SA, Cheney Lime & Cement Co., Graymont Ltd., Lhoist Group, Linwood Mining & Minerals Corp., Minerals Technologies Inc., Mississippi Lime Co., Pete Lien & Sons Inc., and the United States Lime and Minerals Inc. among others.

What will the Lime Market Size in North America be During the Forecast Period?

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Lime Market in North America: Key Drivers, Trends, and Challenges

The growing focus on wastewater recycling is notably driving the lime market growth in North America, although factors such as health hazards associated with the use of hydrated lime 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 in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lime Market Driver in North America

One of the key factors driving the lime market growth in North America is the growing focus on wastewater recycling, where hydrated lime is extensively used as a coagulant and flocculant. There are growing concerns about pollution caused by industries by way of harmful emissions and inadequate wastewater treatment. The government of countries such as the US, Canada, and Mexico is imposing stringent regulations on the disposal and recycling of industrial wastewater, which will fuel the demand for lime. For instance. in 2018, the US Environmental Protection Agency (EPA) announced the availability of significant funding for improving the water treatment infrastructure in the US through the Water Infrastructure Finance and Innovation Act (WIFIA) program. Rapid growth in population, depletion of natural freshwater resources, and many other factors will further boost the demand for lime, which will positively impact the growth of the market in focus during the forecast period.

Key Lime Market Trend in North America

Another kay factor driving the North America lime market growth is the rising popularity of alkaline-based papermaking, where hydrated lime finds high application, especially for causticization. Growing concerns over environmental pollution have led to the revival of alkaline-based papermaking, as it offers improved energy efficiency and minimizes the carbon footprint through secondary fiber recycling as well as reduced water consumption in the papermaking process. Vendors such as Mineral Technologies, are developing high filler technologies to minimize fiber consumption in alkaline-based paper manufacturing. Such factors are expected to support the growth of the lime market in North America in the coming years.

Key Lime Market Challenge in North America

One of the key challenges to the lime market growth in North America is the health hazards associated with the use of hydrated lime. The Material Safety Data Sheet (MSDS) for hydrated lime holds a rating of 1-3, indicating its hazardous nature. According to the US National Institute for Occupational Safety and Health (NIOSH), any accidental ingestion of hydrated lime can cause severe throat and body pain, vomiting, blood in the stool, and a rapid decrease in blood pressure. Furthermore, overexposure to hydrated lime can cause, lung damage, choking, loss of consciousness, and death in extreme cases. Therefore, the storage equipment used during the production and transportation of the material should offer adequate safety, which increases the overall production costs. Such factors are expected to limit hydrated lime application in key end-user industries, which is expected to negatively impact the growth of the market in focus during the forecast period.
 

This lime market in North America 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 2022-2026.

Parent Market Analysis

Technavio categorizes the lime market in North America as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lime market in North America during the forecast period.

Who are the Major Lime Market Vendors in North America?

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

• Afrimat Ltd.
• Carmeuse Coordination Center SA
• Cheney Lime & Cement Co.
• Graymont Ltd.
• Lhoist Group
• Linwood Mining & Minerals Corp.
• Minerals Technologies Inc.
• Mississippi Lime Co.
• Pete Lien & Sons Inc.
• United States Lime and Minerals Inc.

This statistical study of the North America lime market encompasses successful business strategies deployed by the key vendors. The lime market in North America is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Afrimat Ltd. - The company offers lime products such as limestone.

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

Lime Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the lime market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global construction materials market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Services
• Support activities

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Lime Market in North America?

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78% of the market's growth will originate from the US during the forecast period. The US is the key market for lime in North America. However, market growth in the US will be slower than the growth of the market in Canada and Mexico.

The significant increase in the production of steel and aluminum in the US, driven by the rise in demand for these metals from the energy, automotive, and construction sectors will facilitate the lime market growth in the US 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 in North America?

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The lime market share growth in North America by the hydrated lime segment will be significant during the forecast period. The significant increase in the demand for hydrated lime owing to the rapid growth in wastewater treatment infrastructure will facilitate the growth of the segment in focus during the forecast period.

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

 

Lime Market Scope in North America
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.61%
Market growth 2022-2026	3.32 mn MT
Market structure	Concentrated
YoY growth (%)	3.50
Regional analysis	North America
Performing market contribution	US at 78%
Key consumer countries	US, Canada, and Mexico
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Afrimat Ltd., Carmeuse Coordination Center SA, Cheney Lime & Cement Co., Graymont Ltd., Lhoist Group, Linwood Mining & Minerals Corp., Minerals Technologies Inc., Mississippi Lime Co., Pete Lien & Sons Inc., and United States Lime and Minerals Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Lime Market in North America Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive lime market growth in North America during the next five years
• Precise estimation of the lime market size in North America and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the lime industry in North 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 in North America 

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