The increase in urbanization is the primary driver of the Lime market growth. Lime is a limestone-based commodity mineral with a high volume and low cost. According to figures given by the United Nations Organization in 2014, around 70% of the world's population is anticipated to reside in cities by 2050. Over the projection period, however, the growing prominence of lime alternatives such as limestone and magnesium hydroxide calcined gypsum is likely to stifle lime market growth. The demand for lime is expected to increase as a result of improvements in the metal industry, and the market is expected to rise at a strong rate in the future years. Another important element influencing lime demand is its increasing use in the production of precipitated calcium carbonate.

Region Analysis:

By region, In terms of production and consumption, China dominates the lime market on a regional scale. Over the projection period, China's lime market is expected to grow at a generally stable pace, thanks to rising government and private sector investments in infrastructure development and rising mineral production. Over the forecast period, the India lime market is expected to grow at a healthy rate. China and India accounted for roughly 68 percent of worldwide lime production in 2016 and are likely to continue to be the major regions during the forecast period.

 Segmentation:

The Lime Market is accounted for US$ 42.62 billion in 2020 and is estimated to be US$ 55.82 billion by 2030 and is anticipated to register a CAGR of 2.8%. The Lime market is segmented based on product type, application and region.

• Based on Product Type, the Lime Market is segmented into Quick, Slaked and Others. 
• Based on Application, the Lime Market is segmented into Metal Manufacturing, Fertilizer, Cement Manufacturing, Pulp & Paper, Chemical, Agriculture, and Other Applications.

Competitive Analysis:                                                                                                  

The key players operating the Lime market includes Mercer Lime Company, Cape Lime (Pty) Ltd., Cornish Lime Company Ltd., Omya AG, United States Lime & Minerals, Inc., Standard Lime Products Co. LLC, Lhoist, Missouri Lime, LLC, Sigma Minerals Ltd., and Cornish Lime Company Ltd.

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