According to ChemAnalyst report, “Global Quicklime Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The global Quicklime market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 4.93% reach 78 million tonnes during the forecast period and by 2032. The rising demand from Metallurgy, Building & Construction, Chemical Industry, Water Treatment, and Mining end-use industries, is expected to swell up the demand for the Quicklime market in the forecast period.
Quicklime or Calcium Oxide is a caustic alkaline compound with the chemical formula CaO. It appears as a greyish-white powder. This compound is generally produced by heating crushed limestone to roughly 1100 degrees Celsius in a shaft furnace or rotary kiln. There are many grades of quicklime that are used for diverse purposes. In addition to being a cleaning agent and fuel for industrial processes, it is also used to make glass. This powder is additionally utilised as a food ingredient. Soil stabilisation for airfields, roads, earthen dams and building foundations is quicklime’s primary use in the construction sector. Lime is a key ingredient in mortar and plaster in the form of lime slurry, but it can also be combined with certain additions to produce other metals.
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Quicklime is widely used in the metal industry, which is promoting market expansion Lime cleans the steel being produced of impurities including silica, phosphorus, and sulphur. Quicklime use is expanding along with the high demand for better, cleaner steel, which is enabling the quicklime market to grow. Quicklime use is expanding along with the high demand for better, cleaner steel, which is enabling the quicklime market to grow. Quicklime is the perfect material to use as a clinker agent to remove impurities during the production of steel because of its resistance to corrosion and high temperature. Quicklime can be converted into hydrated lime which is further used for softening of hard water. In the mining industry, the key contaminants in iron ore are eliminated using quicklime. It produces slag when reacting with the ore.
The global Quicklime market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Quicklime market is segmented into Metallurgy, Building & Construction, Chemical Industry, Water Treatment, Mining Industry, and Others. Among these, the Metallurgy industry is the primary consumer of the Quicklime market and captured approximately 48% of the market in 2022. Additionally, Quicklime is also suited for extensive use in many other industries such as construction and due to its cheaper price.
Regionally, the Asia Pacific region is dominating the Quicklime market followed by Europe. This region held a market share of approximately 40% in 2022. The rapid expansion of infrastructure and globalization will most likely support the expansion of this market in the near future, especially in developing nations like India, China, and Taiwan.
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“Global Quicklime Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032” Major players for Quicklime globally include Carmeuse S.A, Schäfer Kalk GmbH & Co KG, Emirates Lime factory (Al Jazeera Industrial Group), SA Transcar (Royal Volker Stevin), Chemicals Public Co. Ltd, Oman Cement Co. S.A.O.C, United States Lime & Minerals, Inc., voestalpine stahl GmbH, Kanzel Steinbruch Dennig GmbH, Golden Lime Public Company Limited, and Others.
“Constantly increasing demand for Quicklime from several end-use industries including, Metallurgy, Building & Construction, Chemical Industry, Water Treatment, and Mining Industry is anticipated to augment the market growth in the forecast period. Asia Pacific is expected to continue its dominance with strong demand of quicklime by the persistent demand for steel and construction materials in response to fast-paced industrialization and urbanization across developing nations like India and China. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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