Global Quicklime (Calcium Oxide) Market - 2022-2029
The global quicklime (calcium oxide) market size was worth US$ XX million in 2021 and is estimated to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of XX% within the forecast period (2022-2029).
Calcium oxide, often known as quicklime, is a white or greyish white solid predominantly utilized in cement production. Calcium oxide is mostly produced by extracting carbon dioxide from limestone, marine shells, coral, or chalk (including calcium carbonate). The capacity of lime to produce solutions with silicates is its most important modern application.
The steel sector consumes over 45% of lime. Given the explosive growth of the steel and cement industries, global demand for calcium oxide is expected to skyrocket in the next seven years. Calcium oxide is also appropriate for use in these industries because of its low cost.
At temperatures reaching 800°C, calcium oxide is extracted from mussels or limestone. Calcium oxide is a cost-effective means of controlling odor and balancing pH levels in animal dung. Calcium oxide helps inhibit the growth of diseases and germs in the environment. It is obtained by decarbonizing lime springs and used to prepare bleaching powder. Bleaching powder is commonly used in the environment and for personal hygiene. Calcium oxide is an acid neutralizer used to treat and maintain acid soil.
Increasing demand for quicklime from the chemical and manufacturing industries drives the market share. The expanding steel industry is fueling the growth of the quicklime market globally.
Increasing demand for quicklime from the chemical and manufacturing industries drives the market share.
Lime has shown to be a versatile chemical, with applications spanning a wide range of industries. While it is most commonly used in the metallurgical business, it is also in high demand in the chemical and manufacturing industries. The chemical industry uses the product to make sodium alkali, propylene glycol, calcium carbide and cyanamide, among other important compounds. It is used to make citric acid, magnesia and calcium magnesium acetate, among other things.
Furthermore, calcium oxide is used as a clinker agent to remove impurities from metal parts in the production process. Calcium oxide is required for electric-powered arc furnaces, argon oxygen decarburization converters and refining ladles. It serves various purposes in the metallurgical industry, including corrosion protection and acid neutralization. Calcium oxide is also used to produce copper, lead, zinc, silver, nickel, gold, uranium and other metals to separate impurities by floating various metal salts.
Citrates, stearates, caseinates, phenolates, nitrates and glycerin are all made. Sugar, refractory and paper producers, are among the biggest users of the product in the manufacturing industry. In the sugar refining process, a hydrating product is required to change the pH of the sugarcane juice. The contaminants in the juice react with the calcium hydroxide (Ca(OH)2), forming insoluble organic molecules that can be easily separated.
Thus improving the application of quicklime in wide end-user industries is driving the market share for the product in the forecast period.
The expanding steel industry is fueling the growth of the quicklime market globally.
The improving steel industry globally has a major impact on the growth of the quicklime market. The COVID-19 pandemic substantially impacted the iron and steel sector in 2020. According to our analysts ' projections, worldwide steel output will be 1,799 million tones (-2.8 percent YoY) in 2020, while global steel consumption will be 1,782 million tones (-4.3 percent YoY). Despite the pandemic, steel production and consumption in China will expand in 2020 due to large-scale activities targeted at increasing investment. China's share of global steel output will reach 57 percent by the end of 2020, up 3% from 2019.
From January to September 2020, Russia produced 52.5 million tonnes of steel (-2.9% YoY). Metals production is predicted to be down 3% year over year by the end of the year.
According to the European Lime Association, the steel sector is the world's largest consumer of calcium hydroxide, accounting for more than 35% of global production. Carbon hydroxide creates alumina and magnesia in aluminum and magnesium production and beneficiates copper ore.
Furthermore, calcium hydroxide is critical for extracting uranium and recovering gold and silver from its ores by lowering contaminants in the slag. It's also used to improve the stability of the soil over mines, reducing the impact of vibrations and strengthening the mining and metallurgy sector.
Calcium oxide is used as a clinker agent in steel production to remove impurities from metal parts. Furthermore, calcium oxide is required in electric arc furnaces, AOD converters and refining ladles. It also serves as a corrosion inhibitor and an acid neutralizer in the metallurgical industry.
The Asia-Pacific, led by China, is the largest consumer of calcium oxide. North America, which U.S. dominates, has a considerable market share. The metallurgical industry is the major application for calcium oxide in U.S., where it is utilized as fluxes in iron and steel furnaces.
The high carbon footprint of quicklime and the rising hazardous impact of the product is hurdling the growth of the quicklime market
Quicklime (calcium oxide) is mostly made of limestone, which is heated to break down into calcium carbonate and carbon dioxide. CO produced during the manufacturing process is one of the greenhouse gases resulting in many disasters, global warming and far-reaching implications. Furthermore, production consumes a lot of energy and contributes to the industry's overall carbon footprint.
In addition, calcium oxide is harmful to one's health. When breathed or when it comes into touch with skin or eyes, it interacts violently with water, causing severe discomfort. Furthermore, quicklime exposure can cause abdominal pain, vomiting and nausea in difficult situations. It can release enough heat when coupled with water to ignite flammable items. As a result, its manufacture must be closely monitored and adhere to various environmental rules, which may function as a market restraint.
COVID-19 Impact Analysis
The COVID-19 pandemic began to spread over the globe around the start of 2020. COVID-19 is an illness that affects millions of people around the world. The world's major economies have imposed permanent bans and orders to cease operations. Most life support industries and the calcium oxide market have been severely harmed.
Due to the worldwide lockdown, the manufacturing unit could not complete its task due to a lack of workers. The closure of some end-use sectors is likely to impact overall product demand, resulting in decreased calcium oxide demand.
Government constraints on operations such as creation and metal goods production are expected to be lifted in the last quarter of 2020, allowing the company to reclaim its historical demand in the coming years. Furthermore, the price of the major raw material, limestone, increased due to erratic mining and shipping activity. The rising price of raw materials has impacted the manufacturers' already slim profit margins. Furthermore, the shutdown of end-use sectors is expected to impact overall product demand immediately.
The global quicklime (calcium oxide) market can be segmented in form, product, application and region.
High calcium quicklime holds a promising market position in the global quicklime market due to excellent chemical performance and high application demand in various end-users
The global quicklime (calcium oxide) market is segmented into high calcium, magnesium, dolomitic and others. High calcium holds a dominating position in the global quicklime market of the mentioned products.
High-calcium quicklime is lime made from rich deposits of high-calcium limestone containing less than 5% magnesium carbonate. The chemical compound calcium oxide (CaO) is frequently utilized, sometimes called lime or quicklime. It's a crystalline solid that's white and alkaline.
The segment's market growth is due to its superior chemical performance compared to other types of quicklime products. High calcium works admirably in acid neutralization, SO2-absorption, sludge stabilization and other alkali-based industrial applications. Furthermore, the segment is also used as the most effective alkaline material for disinfection and odor treatment. High calcium keeps the workers safe and the environment clean. The product also purifies sugar juice from beet and sugarcane operations that do not operate captive lime kilns.
Some of the major applications of high calcium include soil stabilization for highway and building construction, flue gas desulfurization (FGD), steel manufacture, nonferrous metals processing, paper manufacturing, municipal sanitation and water treatment.
Growing construction activities and expanding residential developments in North America are boosting the market share for Quicklime (Calcium Oxide) in the region
U.S. is the fourth-largest producer of crude steel globally, with more than 100 production plants in the country. Production levels dropped by a small margin before rebounding in 2016 to a volume of 87 million metric tones.
The population of U.S. is predicted to increase from 321.2 billion to 338 billion people by 2050. As a result, there is a higher demand for residential housing, likely driving up residential building costs.
Commercial construction is likely to rise with greater consumer spending and government investments in tourism, office buildings and retail areas. In the construction of buildings, calcium oxide is a versatile material. The product can be utilized as a mortar component in masonry systems. Calcium oxide can be found in exterior (stucco) and internal plaster systems.
Calcium oxide increases the cohesiveness of asphalt, minimizes stripping and slows the aging process when used as an additive in asphalt. The recovery of the residential sector and the expansion of infrastructure development projects in the country are driving cement output.
As a result, the demand for refractories in the country is likely to increase. CRH PLC, Cemex, LafargeHolcim, Lehigh Hanson, Argos USA Corporation, Ash Grove Cement Company and Buzzi Unicem are only a few prominent cement makers.
During the projected period, all of the aforementioned causes are expected to raise demand for polyolefin catalysts, such as calcium oxide.
The quicklime (calcium oxide) market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are CAO Industries Sdn Bhd, Merck KGaA, Carmeuse, Graymont, Lhoist, Mississippi Lime, Minerals Technologies, Calchem, AKJ Minchem Private Limited, American Elements and Sibelco and others.
The major companies adopt several growth strategies such as acquisitions, product launches, and collaborations, contributing to global quicklime (calcium oxide) market growth.
In July 2021, in Montevallo, Alabama, Lhoist North America and Maerz Ofenbau AG opened a new lime kiln. Lhoist North America has added a new lime kiln to its Marble Falls, Texas operation and enlarged its dolomitic quicklime production. With this development, the organization will tap into hitherto untouched markets.
Overview: Graymont is a growing company in lime and limestone solutions. The company’s products are essential in solving today's most pressing environmental concerns and supporting critical industrial and agricultural activities. The products are used to purify air and water and manufacture commodities necessary for today's economy, such as steel, paper and metals. Graymont is based in Canada and serves markets in North America and Asia-Pacific. Graymont is also a strategic partner of Grupo Calidra, Latin America's largest lime producer, situated in Mexico.
High-calcium Quicklime: The product under high calcium quicklime includes AOD lime, Pulverized lime, Chemical lime, Granulated lime, BOF lime and others. AOD lime is treated specifically to fulfill the needs of specialty steel markets. The AOD-grade quicklime has a low carbon and sulfur content while maintaining a high level of reactivity.
In December 2019, Graymont's Charbon lime facility in New South Wales was reopened. The quicklime and hydrated lime storage capacities at the factory are roughly 10,000 and 5,000 tones. In order to address rising market demand, the business proposes to restart 70,000 tones of quicklime capacity and 50,000 tones of hydrated lime capacity at Charbon. The restoration of operations will result in major indirect economic benefits and job possibilities for local businesses and the community.
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The global quicklime (calcium oxide) market report would provide approximately 61 market data tables, 59 figures and 215 pages.
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