IMARC Group, a leading market research company, has recently releases report titled “Lime Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global lime market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the lime market?
The global lime market size reached US$ 44.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.97% during 2023-2028.
What is Lime?
Lime refers to both the citrus fruit and the mineral compound derived from limestone. The citrus fruit is green, round, and typically 3–6 centimeters in diameter. It is a rich source of vitamin C and is used in a variety of culinary applications, from cooking to cocktail-making. The juice, zest, and slices of lime are commonly used to flavor foods and beverages. In a different context, lime also refers to a white, powdery substance primarily composed of calcium oxide or calcium hydroxide. It is produced by heating limestone and is used in various industrial applications, such as water treatment, soil stabilization, and as a component in the production of cement. Both forms of lime are valuable for their respective uses, serving multiple purposes across different industries.
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What are the growth prospects and trends in the lime industry?
The rising demand for lime in the agriculture sector represents one of the key factors driving the growth of the market across the globe. This, coupled with the extensive use of lime to adjust soil pH levels for optimal crop growth is acting as a major growth-inducing factor. The increasing use of lime in water purification processes is essential for removing impurities and treating wastewater, which supports industrial and municipal applications. The lime fruit is a key ingredient in various cuisines and beverages, from marinades to cocktails, which is fueling consumer demand. Lime is a vital component in the production of cement and mortar, two materials heavily used in construction activities. As infrastructure development grows globally, so does the demand for lime. The rich vitamin C content in lime fruit makes it popular for nutritional and health-related applications, including supplements and natural remedies which is contributing to the growth of the market. The growing consumer inclination towards natural and organic products is propelling the demand for lime in food, skincare, and other personal care products.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Quick Lime
- Hydrated Lime
Breakup by Application:
- Agriculture
- Building Material
- Mining and Metallurgy
- Water Treatment
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
- Afrimat
- Boral Limited
- Carmeuse
- Cheney Lime Cement Company
- Cornish Lime
- Graymont Limited
- Lhoist Group
- Minerals Technologies Inc.
- Mississippi Lime Company
- Nordkalk Corporation (SigmaRoc plc)
- Pete Lien Sons Inc.
- Sigma Minerals Limited
- United States Lime Minerals Inc.
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