Lime Manufacturing Market to Gain as Demand from Steel Industry Increases

Transparency Market Research has published a new report, titled “Lime Manufacturing Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2016 – 2024.” As per the report, the global demand for lime is increasing from the agriculture, steel, building, and construction sector, and this is behind the growth of the market. There is a high demand for lime on account of its functional properties which makes them useful for neutralizing acidic soil, as an aggregate in road construction, and as a reagent for air pollution control. Moreover, they are also finding use in medicines and cosmetics. Lime is also in demand from the waste water treatment industry. The growing demand for lime from the cement and agriculture industry will accelerate the growth of the global lime manufacturing market.

The report discusses the obstacles faced by the global lime manufacturing market and also determines the impact of the restraints. As per the report, the lime manufacturing market is hampered on account of air pollution caused in the process of manufacturing lime. The market is also restrained by the excessive use of energy during the manufacturing of lime. The process of lime burning results in the emission of harmful gases such as nitrogen oxide, sulfur dioxide, and carbon monoxide.

By geography, the global lime manufacturing market is segmented into the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Of these, the market for lime manufacturing is progressing extensively in the developing nations of Asia Pacific. At the forefront of the Asia Pacific lime manufacturing market are countries such as India and China, and the growth of the market in these two countries is attributed to the rising demand for lime from the steel industry, which is flourishing in these nations. Europe and North America are key consumers of lime.

The European lime manufacturing plants are being subjected to modernization and this is a trend which will drive the market in the region. Europe is now directing its efforts on becoming a low-carbon economy by 2050 and as lime production is extremely carbon and energy intensive, their plants will undergo major transformation. As a result, the European lime manufacturing plants are undergoing modernization and the fuel mix is also being adjusted for reducing the carbon emissions. The efficiency of engines is improving with modernization of lime manufacturing plants.

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The demand for lime and its products is also anticipated to increase in Latin America from end use industries. The Middle East and Africa regions will also emerge as lucrative markets for lime manufacturing in the coming years.

The report studies prominent industry participants who have made their name within the global lime manufacturing market. The names of these players are: Brookville Manufacturing, Sigma Minerals Ltd, Cape Lime (Pty) Ltd, Mercer Lime Company, Emkor, United States Lime & Minerals, Inc., Nordkalk, Omya AG, Lime Denmark, Cornish Lime Company Ltd, Standard Lime Products Co. LLC, Mississippi Lime Company, Lhoist, and Carmeuse.

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