About Calcium Oxide
Calcium oxide (CaO) is a white, caustic, alkaline, and crystalline solid. Generally, known as burnt lime, lime, or quicklime, it is a widely used chemical compound. Calcium oxide is obtained by calcining crushed limestone, sea shells, coral, or chalk, thus removing carbon dioxide. Calcium oxide manufacturing process includes the following basic stages: winning of limestone, limestone storage and preparation, fuel storage and preparation, calcination of limestone, quicklime processing, quicklime hydration and slaking, storage, handling, and transport.
Technavio’s analysts forecast the global calcium oxide market to grow at a CAGR of 4.56% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global calcium oxide market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Calcium Oxide Market 2017-2021
Technavio recognizes the following companies as the key players in the report title minus years: Carmeuse, Graymont, Lhoist, Mississippi Lime, and Minerals Technologies.
Other Prominent Vendors in the market are: Omya, OKUTAMA KOGYO, and SCHAEFER KALK.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is modernization of calcium oxide production plants in Europe. Calcium oxide is a carbon-intensive industry. Europe is focusing on moving toward low-carbon economy by 2050. As the calcium oxide or quicklime sector is carbon and energy intensive sector, it is expected to contribute significantly to the 2050 objective.”
According to the report, one of the major drivers for this market is Increase in demand for construction and infrastructure development. Calcium oxide finds various applications in the building and construction sector, such as in the production of concrete and AAC. Increased construction and infrastructure development is expected to boost the consumption of polymers and concretes, thereby, driving the demand for calcium oxide. A rise in the population in EMEA, especially in Africa and the Middle East, has led to a growing need for infrastructure.
Further, the report states that one of the major factors hindering the growth of this market is Environmental concern against production of calcium oxide. Calcium oxide occurs from lime. Limestone mining can disturb ground water conditions. Limestone deposits frequently arise in association with karst, a landscape where limestone gradually dissolves away underground. The deposits result in caves, sinkholes, and areas of rock ruptures that create underground drainage areas. Mining occurring in karst can result in disturbance to natural aquifers and flows of underground water. Often, excavating operations remove ground water to expose the mining site, which can lower the water table and change how water flows through the rock formations.
Carmeuse, Graymont, Lhoist, Mississippi Lime, and Minerals Technologies.Omya, OKUTAMA KOGYO, and SCHAEFER KALK.