A recent report published by Infinium Global Research on lime market provides in-depth analysis of segments and sub-segments in the global as well as regional lime market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional lime market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global lime market. According to the report, the global lime market is projected to grow at a CAGR of 2.8% over the forecast period of 2019-2025.
Lime is used in the production of citric acid, lime oil, lime juice, and other products. The peels of lime are enriched in limonene phytochemicals. The rising importance of the health benefits of lime fiber and phytochemicals promotes lime market growth. The leading players in the global lime market are focusing on mergers, acquisitions, and new product launches that maximize their market share in the global lime market.
The growing awareness about health benefits and cleaning applications of lime drives the growth of the lime market. The surge in demand from the mining and metallurgical application such as impurity removal contributes to the growth of the lime market. The rising use of lime in wastewater treatment promotes the growth of the lime market. The increasing demand for lime in automotive weight reduction strategy propels the growth of the lime market. The rising demand for lime in mining and metallurgy and revitalization in the construction industry contributes to the growth of the lime market. Furthermore, growing infrastructural development and urbanization in developing countries promote the growth of the lime market. On the other side, less storage time required for lime hinders the growth of the lime market. The physical and chemical characteristics of lime get changed after six months of storage. Moreover, research and development in the lime market encourage several applications of lime that create several opportunities for the growth of the lime market.
Based on geography, the global lime market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is anticipated to have a premium share in the global lime market. China is the largest lime producer country. The increasing investments in infrastructural development in the Asia-Pacific region drive the growth of lime market in the Asia-Pacific region. North America is expected to grow with a significant CAGR over the forecast period. Europe is showing growth in the global lime market.
The report on global lime market covers segments such as product, and end-user. On the basis of product, the sub-markets include quick lime, slaked lime, and other products. On the basis of end-user, the sub-markets include metallurgical, construction, environment, chemical intermediates, and other end-users.
The report provides profiles of the companies in the market such as Lhoist Group, Graymont Ltd., Mississippi Lime Company, Sigma Minerals Ltd., Valley Minerals LLC, Cheney Lime & Cement Company, Carmeuse SA, Linwood Mining & Minerals Corp., Pete Lien & Sons Inc., Boral Limited, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lime market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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