A recently added report by Transparency Market Research, titled, “Lime Manufacturing Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2016–2024,” sets out with an overview of the market. It states that the market is comprised of organizations that produce lime from a range of products, namely calcitic limestone, dolomitic limestone, and others, including corals, chalk, and shells. Its production begins with the quarrying and crushing of limestone which is generally of two types – dolomitic and calcium. While high quality calcium consists of about 99.0% calcium carbonate and just about 1% impurities, dolomitic limestone consists of around 44% magnesite, 1% to 3% impurities, and the rest 50% calcium carbonate. Overall, the limestone industry is highly capital intensive.
Lime finds usage in a wide array of industries such building and construction, steel, and waste management. In the steel industry, it is acts as a fluxing agent. In the construction industry, it is used in the binding agent cement – lime products such as quicklime and hydrated lime are used in making cement. In waste water treatment, it finds application as a filtering agent. The continued proliferation of such end use industries is expected to steadily boost the market for lime manufacturing.
Yet another segment that is boosting demand for lime manufacturing is agriculture. On account of its functional properties, limestone finds application in acidic soil to neutralize it. It is also applied as an aggregate in construction of roads, in formulation of medicines and cosmetics, and in reducing air pollution. Acting as a deterrent for the market, on the flipside, is the massive air pollution caused by the burning of lime – it is said to release harmful carbon monoxide, sulfur dioxide, and nitrogen oxide. The process also guzzles a lot of energy.
Geographically, some of the key regions in the global market for lime manufacturing that been studied in the report are Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Among them, Asia Pacific is the most promising market, driven mainly by China and India. Solid demand generated by the swiftly expanding steel industry in the region is at the center of driving demand for lime.
Apart from Asia Pacific, Europe and North America are other key markets that gross substantial revenue. This is mainly owing to the rebounding construction industry in the regions. The Middle East and Africa and Latin America are also contributing to the market owing to the steady growth in the end-use industries.
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Some of the prominent participants in the global market for lime manufacturing profiled in the report are Sigma Minerals Ltd, Brookville Manufacturing, Mercer Lime Company, United States Lime & Minerals, Inc., Cape Lime (Pty) Ltd, Nordkalk, Lime Denmark, Emkor, Cornish Lime Company Ltd, Omya AG, Standard Lime Products Co. LLC, and Mississippi Lime Company, Carmeuse. The report sheds light on their key strategies that have enabled them to progress this far. It also banks upon market leading analytical tools to unravel the scope of growth in the market.