Lime Market Top Players, Global Trends, Business Opportunities, and Industry Forecast till 2022
“Increase in use of lime & its variants in metallurgical industry and building & construction sector is expected to foster market demand over the forecast period.�
The Global Lime Market is subject to witness a substantial growth due to the growing popularity of lime in the glass, and paper and pulp manufacturing industry, and increasing demand for production of cement. Increase in use of lime & its variants in metallurgical industry and building & construction sector is expected to foster market demand over the forecast period. Lime consists of anti-oxidant properties, commonly known as a noncarcinogenic or mutagenic. Additionally, increase in the number of domestic applications is expected to fuel market demand for limonene in the upcoming years. Globally, the market is predicted to generate massive in the forecast period, providing numerous opportunities for market players to invest in research and development of the limonene market. Lime is commonly derived from dolomitic limestone and calcitic limestone though hydration and oxidation processes. However, volatility in cost of dolomitic limestone, and calcitic limestone & its variants is considered as key challenge for market growth. In addition, dependency of lime market on agricultural productivity, the weather and other environmental factors are negatively affecting market growth to a certain extent. Availability of viable alternatives with lower costs and similar properties is expected to restrain market as well. Yet, increase in import and export activities in North America region is expected to offer lucrative growth opportunities for regional industry players over the forecast period. Increasing demand for lime & its variants from downstream manufacturing industries such as glass, and paper and pulp is estimated to escalate market growth of the industry over the forecast period. Rising adoption of lime the manufacturing of precipitated calcium carbonate is predicted to favor the expansion of market during the forecast period as well.