The global Quicklime market stood at nearly 48 million tonnes in 2022 and is expected to grow at a steady CAGR of 4.93% during the forecast period until 2032. The rise in demand for quicklime across a range of industries, including metallurgy and construction sectors is expected to be key drivers for the quicklime market's expansion.
Quicklime or calcium oxide is an inorganic compound with the chemical formula of CaO. Quicklime is generated by heating crushed limestone to nearly 1100 degrees Celsius in a shaft furnace or rotary kiln. It serves as a cleaning agent, a fuel for industrial processes, and a component in the manufacture of glass. Additionally used as a food additive is this powder. The main application of quicklime in the construction industry is soil stabilization for airfields, roadways, earthen dams, and building foundations. In addition to being a fundamental component in mortar and plaster in the form of lime slurry, lime can be mixed with specific additions to produce other metals.
Quicklime is widely used in the metal industry, which is promoting market expansion. In electric arc furnaces and basic oxygen furnaces, Quicklime is employed as a fluxing agent. Quicklime 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 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. Additionally, the usage of steel in the construction sector also contributes to the market. The Quicklime market is expected to reach 78 million tonnes in the year 2032.
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.
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. It is projected that the use of quicklime in the electrolytic refinement of metals like steel will accelerate industry expansion. Quicklime is also suited for extensive use in many other industries such as construction, due to its cheaper prices. 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.
Major players in the production of Global Quicklime are 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.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Quicklime which covers production, demand and supply of Quicklime market in the globe.
• To analyse and forecast the market size of Quicklime
• To classify and forecast Global Quicklime market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Quicklime market in the globe.
To extract data for Global Quicklime market, primary research surveys were conducted with Quicklime manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Quicklime market over the coming years.
ChemAnalyst calculated Quicklime demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of Quicklime from the end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Quicklime manufacturers and other stakeholders
• Organizations, forums and alliances related to Quicklime distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Quicklime s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Quicklime market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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48 million tonnes
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Market size Volume by 2032
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78 million tonnes
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Growth Rate
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CAGR of 4.93% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in million tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Metallurgy, Building & Construction, Chemical Industry, Water Treatment, Mining Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com