Lime Market is Anticipated to reach US$ 61.5 Billion by 2034: Fact.MR Report

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Widespread Use of Lime for Water Softening Purposes in Treatment Plants

Rockville, March 28, 2024 (GLOBE NEWSWIRE) -- Use of lime is widespread in several industries; however, water softening is a key application area that will complement market growth over the coming years. As per the new study by Fact.MR, the global lime market is evaluated at US$ 48.05 billion in 2024 and is projected to advance at a CAGR of 2.5% from 2024 to 2034.

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Calcium hydroxide, commonly known as limewater, is utilized in water treatment for water softening. This process is aimed at eliminating calcium and magnesium ions from water. This involves adding hydrated lime to increase the water's pH and precipitate the ions responsible for hardness. Because of its ability to withstand temperatures of up to 40 °C, lime finds use in a wide range of applications. Thus, lime is valuable in the metallurgical sector as well.

Related Market Projections for 2034

Water Treatment Membrane Market

US$ 20 Billion

Mineral Fillers Market

US$ 46 Billion

Calcium Carbonate Market

US$ 51.21 Billion

Key Takeaways from Market Study

  • The global lime market is projected to expand at a CAGR of 2.5% through 2034.

  • Worldwide sales of lime are estimated at US$ 48.05 billion in 2024.

  • The market is forecasted to reach US$ 61.5 billion by 2034-end.

  • The North American market is projected to expand at a CAGR of 2.7% through 2034.

  • Quick lime is estimated to account for 44.6% market share in 2024.

  • East Asia is projected to account for 38.4% share of the global market by 2034.

“Lime is put through chemical alterations by suppliers to meet the diverse needs of various industries. Extensive use of lime in the construction and metallurgical sectors is contributing to market expansion,” says a Fact.MR analyst.

Report Attribute

Details

Value Projection (2034)

US$ 61.5 Billion

Growth Rate (2024-2034)

2.5% CAGR

No. of pages

170 Pages

No. of Tables

25 Tables

No. of Figures

132 Figures

Key Companies Profiled in This Report

  • Carmeuse

  • Lhoist

  • Nordkalk

  • Imerys

  • Sigma Mineral Ltd

  • Graymont

  • Mississippi Lime Company

  • Minerals Technologies Inc.

  • Linwood Mining & Minerals Corporation

  • Cape Lime Ltd.

  • Afrimat

Market Landscape

Market participants focus on investments and expanding their production capacities to achieve dominance. They successfully identify challenges and stay abreast of industry advancements and new entrants shaping lime market trends. Companies are forming collaborations with their counterparts to expand their networks and customer base to establish their presence in the market.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the lime market for 2018 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (quick lime, hydrated lime) and application (agriculture, building materials, mining & metallurgy, water treatment), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Explore More Related Studies Published by Fact.MR Research: 

Mineral Fillers Market: The global mineral fillers market was valued at around US$ 22.9 Billion in 2021. With a projected CAGR of 6% for the next ten years, the market is likely to reach a valuation of nearly US$ 42.6 Billion by the end of 2032.

Water Treatment Membrane Market: The global water treatment membrane market size has reached a size of US$ 8.16 billion in 2023 and is projected to expand rapidly at a CAGR of 8.7% to reach US$ 18.83 billion by the end of 2033.

Calcium Carbonate Market: The global calcium carbonate market size is estimated to reach US$ 27.54 billion in 2024 and further rise at 6.4% CAGR to climb to US$ 51.21 billion by the end of 2034.

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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