Hydrated Lime Market Analysis, Size, Share, Price, Trends, Growth, Report, Forecast 2023-2028
The ‘Global Hydrated Lime Market Analysis, Share, Size, Price, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global hydrated lime market, assessing the market on the basis of its segments like type, application, end-uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Hydrated Lime Market Size, Share, Price, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4%
The demand for hydrated lime is expected to rise as it is used for the environmental clean-up of wastewater, water, and air, as well as solid wastes, and for clarification and water softening. Moreover, there is a surging water treatment demand due to the scarcity of safe drinking water. Also, the usage of hydrated lime in wastewater treatment of sewage wastes to eliminate nitrogen and phosphorus is further increasing the market demand for hydrated lime across the globe.
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Hydrated Lime Industry Definition and Major Segments
Hydrated Lime refers to calcium hydroxide, a dry crystalline substance that is colourless and is made by merging calcium oxide, also called quicklime, with water in a procedure known as slaking. Also, hydrated lime, called builders lime, pickling lime, or slack lime, is employed to create plasters, mortars, cement, hard rubber goods, paints, petrochemicals, and leather tanning.
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By types, the hydrated lime market is segmented into:
• High Calcium Hydrated Lime
• Dolomitic Hydrated Lime
On the basis of application, the market is categorised into:
• Water Treatment
• Mineral Processing and Metallurgy
• Building Materials
• Whitening Agent
• Pellatisation Of Steel
Based on end use, the market is divided into:
• Mining Industry
• Paper Industry
• Oil and Gas
By region, the market is segmented into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Hydrated Lime Market Trends
The recent progress in hydrated lime utilisation is among the environmental applications which are likely to spur the demand for the hydrated lime market across the globe. It is employed for the exclusion of acid gases among coal-fired energy plants, glassmakers along with incinerators, and cement mills. Going further, with the increasing consciousness for air quality, the demand for hydrated lime is likely to escalate over the coming years as it neutralises and absorbs sulphur oxides from industrial stack gases.
Moreover, hydrated lime is a shell-forming agent as well as a food additive in snail and poultry farming which is further expected to gain market growth in the upcoming years. Based on region, the Asia Pacific is anticipated to hold the hydrated lime market share during the forecast period.
This is on account of the escalating mining processes for coal production which is indirectly positively influencing the demand for hydrated lime across the region. The growing demand for pesticides in the region is also expected to drive market growth in the Asia Pacific. Meanwhile, Latin America is expected to register considerable consumer attraction in the market growth of hydrated lime due to growth in the construction industry along with increasing investments.
Key Market Players
The major players in the global hydrated lime market report are :
- Graymont Limited
- Boral Limited
- Nordkalk Corporation
- Sigma Minerals Ltd.
- Lhoist Group
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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