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Abi will answer all Lime related
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Get up-to-date market and supplier info on Lime to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Market Analysis - Demand and Supply
  • Market Driver-Global Steel Production

  • Supply Trends and Insights

  • Key Global Supplier Profiles

Market Size

Global lime market Value

$51 billion

CAGR

3-4 Percent

Table of contents

  1. Lime Executive Summary
  2. Category Landscape
  3. Top Lime Producing Countries
  4. COVID-19 Impact

 

  1. COVID-19 Impact Analysis
  2. Corona Virus Impact Analysis - Lime

 

  1. Lime Market Analysis
  2. Global Market Maturity
  3. Market Overview
  4. Market Size and Trend
  5. Demand and Supply
  6. Market Trend and Implication
  7. Market Drivers and Constraints
  8. Regional Market Outlook
  9. Global Porters Five Force Analysis

 

  1. Procurement Insights
  2. Trade Analysis - Lime
  3. Sustainability Analysis

 

  1. Lime Cost and Pricing Analysis
  2. Cost Structure
  3. Pricing Model
  4. Price Driver Analysis

 

  1. Procurement Best Practices
  2. Sourcing Models
  3. Best Practices
  4. Value Chain Mapping

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Global Market Outlook on Lime 

In the world of metals, minerals, and mining, lime is one of the inorganic minerals that have calcium oxide (CaO) or calcium hydroxide (Ca(OH)2). Limestone containing calcium carbonate (CaCO3) is found in the form of rocks or minerals. They are altered chemically or by crushing to form a slag containing quicklime (QL). This unslaked lime is converted to slaked lime having Ca(OH)2 or hydrated lime. Lime set through hydration is called hydraulic lime (HL). Lime is extensively used in the construction sector.

Asia Pacific (APAC) will continue to dominate the lime market, in terms of production volume, as well as growth prospects

Market consolidation will continue to increase in North America and Europe in the coming years, as producers continue to optimize operating costs, as well as expand their geographical footprint.

Global Lime Market Maturity

The key trend, which is expected to influence the lime market maturity, will be the suppliers' capabilities to improve the operating efficiencies of their lime kilns. It also includes them offering value-added solutions and services, technical support, and innovative lime products customized for specific applications such as FGD, food processing, waste and water treatment, and soil treatment.

Market Overview

  • Growth in steel production levels is expected to be the key driver of the 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 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.

Market Size and Trend

  • The global lime market was valued at $51 Bn in 2019. Rising demand from the mining and metallurgical application, especially for impurity removal, is a key driving factor for the growth of the lime market across the globe.
  • Hydrated lime suppliers will benefit from expansion in the construction sector while rising production of steel and other manufactured goods will bolster the demand for refractory lime.
  • Major industries consuming lime are steelmaking, flue gas treatment, construction, building, and chemical.
  • The lime market in China is projected to witness relatively steady growth in the upcoming years, which can be mainly attributed to the rising government and private sector investments in infrastructure development and growing mineral production.
  • A key factor driving the lime industry is the fact that the Chinese government is tightening regulations regarding power plant emissions and wastewater treatment. This has led to an increase in the demand for lime, which is why China is leading the pack in the lime market.
  • The growth in the construction and automobile sector are other factors helping the growth of the lime industry. In the automobile sector, lime is used to make high-strength steel. Lime is an essential requirement in the construction sector. With the construction sector booming all over the world, the growth in the lime market is positive.
  • Some other uses of lime include cleaning wastewater, preparation of drinking water, production of paints, plastic preparation, paper manufacture, and removing acid gases from flue gases.

Market Analysis - Demand and Supply

  • Generally, the lime market is nearly balanced in terms of demand and supply as the majority of the demand is fulfilled by the regional supply base. Also, as storage of lime for long durations is difficult and cost-prohibitive, lime production is generally kept in line with the expected short-medium term demand.
  • In 2015, the global lime market witnessed a slight oversupply as the demand from the metallurgy sector declined. Metallurgy accounts for the largest share of lime consumption.
  • The steady growth of the construction sector and the gradual recovery of the global steel industry is expected to restore the demand-supply balance during the coming 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 transported in pneumatic trucks or tank wagons in order to avoid exposure to moisture and carbon dioxide. As such, the transportation cost of lime is usually higher as compared to other mineral commodities.
  • The global trade volume of lime accounts for about 4-5% of the total demand for the commodity.
  • Demand for quicklime from the metallurgical sector is expected to increase significantly in the near term, aiding in the expansion of the global lime market.      
  • Existing mandatory environmental norms 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.

Market Trend and Impact

Lime suppliers are increasingly focusing on providing customers with new and innovative products customized for specific applications, as well as value-added services, such as 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.

Drivers

Global Steel Production

  • Steel prices and steel demand are the key indicators of demand for lime. The steel production market is expected to grow at a moderate 2–3% CAGR during 2020–2022.  
  • In the steel industry, lime is used in refining ladles, Argon-Oxygen Decarburization (AOD) converters, and electric arc furnaces. 
  • Lime is used as fluxing means in elementary oxygen furnaces and electric arc furnaces. The mineral helps ward off impurities including phosphorus, silica, and sulfur from the steel production process.
  • In blast furnaces, finely ground lime is added along with limestone to extract pig iron from the ore.
  • Further, demand for steel products has surged significantly over the recent past owing to the greater focus of governments in India, China, South Africa, and Brazil to develop a strong infrastructure and dwellings for the ever-growing population.
  • However, the COVID-19 pandemic has disrupted the supply and demand for steel since Q1 2020. Thus, the overall production and consumption for 2020 are expected to fall.

Stringent Government Regulations

  • Quicklime is used to treat chimney gas from power plants, industries, and waste incinerators. It absorbs and nullifies SOx discharges thus avoids acid rains. 
  • In a similar vein, hydrated lime can alter the acidity of the mining and industrial wastewater and eliminate toxins including nitrogen and phosphorus.
  • The World Health Organization (WHO) has projected that half of the global population will be living in water-stressed locations. 
  • Given the umpteen benefits of lime in the industrial sectors, various governments across continents are imposing strict environmental norms.

Supplier’s Cited Market Constraints

  • High capital and operating costs.
  • Lime manufacturers face high operating costs as lime production is an energy-intensive process.
  • They also face high costs associated with environmental compliance in North America and Europe. Environmental regulations with regards to greenhouse gas (GHG) emissions require lime producers to include GHG control measures in plant upgrades and expansions, leading to increased time and costs involved.

High Transportation Costs

  • This significantly limits the scope for market expansion across new geographical locations for the lime producers.

High Carbon Footprint

  • Lime is majorly produced from limestone, where it is heated to break into carbon dioxide and calcium from calcium carbonate. 
  • The CO2 released during the process is among the GHG that is a key factor behind global warming.
  • Further, the manufacturing process is highly energy-intensive and adds to industries’ carbon footprint. 

COVID-19 Pandemic 

  • Lime is a key component in various end-use industries including, construction, metallurgy, and chemical. 
  • However, the COVID-19 pandemic has triggered strict regulation on activities such as mining and conveyance of minerals, particularly in countries - India, China, and Brazil. As such, the supply chain is heavily disrupted.
  • Irregular mining processes and transportation of major starting material, limestone, have resulted in a price hike, further hitting the bottom lines of lime producers.

Market Driver - Global Steel Production

  • Steel prices and steel demand are the key indicators of demand for lime. The steel production market is expected to grow at a moderate 2–3 percent CAGR during 2020–2022. The sudden outbreak of the novel coronavirus has disrupted the supply and demand for steel since Q1 2020. Thus, the overall production and consumption for 2020 are expected to fall.

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.

Asia Pacific (APAC) will remain in the vanguard of the lime market owing to surging demand from various end-users. China is the leading producer of various metals such as aluminum, steel, and gold products. Furthemore, rising infrastructure development projects in India and other Southeast countries will drive the lime demand and supply.

Lime market in North America is primarily driven by the rising mining of limestone over the past few years. The US occupies the major chunk of the regional lime market share. Europe’s lime demand is receiving impetus from increasing steel production to support the resurrecting automobile industry.

Why You Should Buy This Report?

The lime industry report provides the market overview, drivers and constraints, regulatory and technological trends. It offers Porter’s five forces analysis of the global lime market.  The market research study offers an in-depth market assessment and highlights the important aspects including prominent players, lime price trends, and relevant sub-categories. Further, the report contains various factors impacting the market growth over the recent past.

Lime Market Frequently Asked Questions

  1. What is the key takeaway from Beroe’s global lime market outlook reports?
  2. The APAC region will continue to dominate the lime market in terms of production volume as well as growth prospects according to Beroe’s industry analysis. In the coming years, market consolidation will continue to increase in North America and Europe as producers continue to optimize operating costs and expand on the geographical footprint.
  1. What are the key lime market trends as indicated by Beroe’s industry analysis reports?
  2. The key market trends according to Beroe’s lime market reports are – · Rising demand from metal, minerals, and mining applications, especially for impurity removal is a key factor driving the lime market growth. · Expansion in the construction sector will benefit hydrated lime suppliers, while the rising production of steel and other manufactured goods will bolster the demand for refractory line. · Major industries that consume lime are steelmaking, flue gas treatment, construction, building, and chemical. The construction sector is the largest user of slaked lime, hydraulic lime, and hydrated lime. · Due to rising government and private sector investments in infrastructure development and mineral production, the lime market in China will witness steady growth.
  1. What are the major factors which will impact the demand growth of the global lime market?
  2. The following factors will impact the demand growth of the global lime market. · The increasing demand for steel and growth in the construction sector will boost the demand for lime in the near future. · Constraints in growth can come from high capital and operating costs. · The transportation costs are high as well that limits the scope for market expansion across new locations.

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