Market Driver-Global Steel Production
Supply Trends and Insights
Key Global Supplier Profiles
$ 2.4 Bn
Category Intelligence on Lime covers the following
Growth in steel production levels is expected to be the key driver of rising demand for quicklime (QL) in metallurgical applications to treat slag
Global lime market growth is expected to remain optimistic, underpinned by the rising use of lime in metallurgical applications, primarily in steel production. Also, lime is extensively used in the production of aluminium and magnesium metal.
APAC will continue to remain as the fastest growing market in the near future, supported by the positive outlook for the construction industry.
Increasing use of minerals such as lime for the removal of air pollutants at coal- fired power plants is anticipated to boost the growth of the global limestone (calcium carbonate) and lime market
The construction sector is the largest user of slaked lime, hydraulic lime (HL) and hydrated lime, where it is used to produce mortar, plasters, stucco, masonry and Portland cement, and in asphalt as an anti-stripping agent
Generally, the lime market is nearly-balanced in terms of demand and supply, as majority of the demand is met by the regional supply base. Also, as storage of lime for long time periods is difficult and costly, lime production is generally kept in line with the expected short-medium term demand
In 2015, the global lime market witnessed slight oversupply as the demand from the metallurgy sector declined. Metallurgy accounts for the largest share of lime consumption
Steady growth of the construction sector and gradual recovery of the global steel industry is expected to restore the demand supply balance during next 2–3 years
Lime is not traded across countries on a significant scale. As lime is highly reactive in the presence of moisture, it is required to be transported in pneumatic trucks or tank wagons, so as to avoid exposure to moisture and carbon dioxide in the atmosphere. Hence, the transportation cost lime is usually higher as compared to other mineral commodities, thus deterring cross border trade
The global trade volume of lime accounts for about 4-5 percent of the total demand for the commodity
Demand for quicklime from the metallurgical sector is expected to increase significantly in the near term, which aids in the expansion of the global market
Existing mandatory environment management rules enforced by various developed nations for achieving zero hazardous material discharge in natural water resources are expected to be the prime factor supporting the growth of hydrated lime
Lime suppliers are increasingly focusing on providing customers with new innovative products customized for specific applications, as well as value-added services, like technical and application support, optimized transportation services, on-site material handling, inventory services, and collaboration with the customer in R&D activities. Global Lime Demand Drivers and Constraints Rapid urbanization and growth of the construction industry are the major drivers for the growth of the lime market, globally. Rising demand for iron and steel are other prominent factors that aid in the demand growth of the global lime market.
Global Steel Demand
Supplier’s Cited Market Constraints
High Transportation Costs
Market Driver - Global Steel Production
Regional Market Outlook
This section of the lime market report details the lime market share, market size, demand, and market maturity of each geographic region. The regions studied are North America, the US, APAC, China, South America, Europe, and South Africa. The countries within each region are also classified based on market maturity.
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