Global Lime Market 2018-2022
About Lime Market
Lime is an organic material composed of calcium in its oxide or hydroxide form. It is obtained from limestone or chalk through an industrial extraction process. They key end- user industries of lime include construction, agriculture, metallurgy, and wastewater treatment, among others.
Technavio’s analysts forecast the global lime market to grow at a CAGR of 1.72% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global lime market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of lime market in different products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lime Market 2018-2022
Technavio recognizes the following companies as the key players in the global lime market: Afrimat (Cape Lime), CRH, Lhoist, Minerals Technologies, and Nordkalk.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend growing emphasis on energy efficiency is the rising focus towards eco- friendly production and industrial carbon footprint minimization.”
According to the report, one of the major drivers for this market is the rapid growth of construction sector. The rapid growth in the construction and renovation sector was a key driver for the growth of the global lime market.
Further, the report states that one of the major factors hindering the growth of this market is the environmental impacts of limestone mining. The growing concern input the environment have led to a gradual decline in mining activities in the last few years.
Afrimat (Cape Lime)
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