석회 세계 시장 규모는 2022년 673억 5,000만 달러로 평가되었습니다. 2023년 723억 1,000만 달러에서 2031년 1,267억 5,000만 달러로 성장할 것으로 예상되며, 예측 기간(2024-2031년) 동안 7.3%의 연평균 복합 성장률(CAGR)을 나타낼 전망입니다.
석회는 산화칼슘과 수산화칼슘으로 구성된 널리 사용되는 무기 광물로서, 다양한 산업에서 매우 중요한 역할을 하고 있으며, 800℃ 이상의 고온을 이용한 소성 공정은 석회석과 같은 원료를 생석회로 변환하여 건설, 엔지니어링, 설탕 정제에 필수적인 원료로 사용됩니다. 필수적입니다. 석회 수요 증가는 석회의 건강상의 이점, 세정 특성, 농업, 광업, 수처리 등 다양한 용도에 의해 주도되고 있습니다. 특히 National Lime Association은 금속 가공 중 불순물 제거를 돕는 철강 생산에서 석회의 중요한 역할을 강조하고 있습니다. 또한 미국, 중국, 인도 등의 오염 규제가 강화됨에 따라 폐수 처리 및 배기가스 정화에 석회 사용이 증가 추세에 있으며, 예측 기간 중 시장 성장 잠재력을 보여주고 있습니다.
Global Lime Market size was valued at USD 67.35 billion in 2022 and is poised to grow from USD 72.31 billion in 2023 to USD 126.75 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).
Lime, a widely utilized inorganic mineral composed of calcium oxide and hydroxide, plays a pivotal role across various industries due to its extensive applications. The calcination process, involving high temperatures above 800°C, converts raw materials like limestone into quicklime, which is crucial for construction, engineering, and sugar refinement. Increasing demand for lime is driven by its health benefits, cleaning properties, and diverse uses in agriculture, mining, and water treatment. Notably, the National Lime Association highlights its significant role in steel production as it aids in impurity removal during metal processing. Furthermore, with stricter pollution regulations in nations such as the US, China, and India, lime's use in wastewater treatment and flue gas cleansing is on the rise, indicating robust market growth potential during the forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Lime market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Lime Market Segmental Analysis
Global Lime Market is segmented by Type, Application and region. Based on Type, the market is segmented into Quick Lime, Hydrated Lime. Based on Application, the market is segmented into Agriculture, Building Material, Mining & Metallurgy, Water Treatment, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Lime Market
The global lime market is poised for significant growth primarily due to the expansion of the steel industry, which heavily relies on lime in various processes. Lime plays a crucial role in the production of steel, serving as a vital component in AOD converters, electric arc furnaces, and refining ladles. Its applications include aiding the conversion of ore to pig iron in blast furnaces and acting as a fluxing agent to eliminate impurities such as silica, phosphorus, and sulfur, thereby enhancing steel quality. Furthermore, the implementation of stringent environmental regulations is also fostering market expansion, as lime is increasingly used to treat water and industrial effluents, helping reduce pollution and improve water quality. As both the steel industry's demand for lime and the need for environmental compliance grow, the lime market is expected to flourish in the coming years.
Restraints in the Global Lime Market
The global lime market faces significant constraints due to the high carbon footprint associated with its production. The manufacturing process, which involves the burning of limestone to produce calcium oxide and carbon dioxide, releases substantial amounts of CO2, a greenhouse gas linked to severe environmental issues and climate change. This energy-intensive method not only contributes to global warming but also poses health risks, including fatigue, headaches, nausea, respiratory problems, and potentially life-threatening conditions from prolonged exposure. As awareness of these adverse effects rises, many consumers are increasingly seeking alternative calcium hydroxide products that present fewer environmental and health concerns, thereby limiting market growth.
Market Trends of the Global Lime Market
The global lime market is witnessing a significant upward trend driven by the increasing demand from the manufacturing and chemical industries. Lime's versatility as a chemical has led to its extensive utilization across various industrial applications. While its primary use remains in the metallurgical sector, the chemical industry's need for vital compounds like calcium carbide, sodium alkali, and citric acid further fuels market growth. Additionally, lime plays a crucial role in producing glycerin, stearates, and nitrates. The ongoing demand from the paper, sugar, and refractory industries underlines lime's importance, positioning the market for robust expansion in the coming years.