Lime is also referred to as calcium hydroxide, is derived from the limestone such as quicklime and hydrated lime. Lime find application in building and engineering materials such as limestone product, concrete, cement, and mortar. Lime is also used in wastewater treatment with ferrous sulfate. Moreover, it is also used across industrial application such as the food industry, construction, and steel industry. Furthermore, lime also find application in the agriculture sector and is highly important for the production of sugar.
In 2021, Australia lime market is estimated to reach US$ 294.1 billion in terms of value.
Market Dynamics
The growing construction industry in Australia is expected to fuel the market growth of lime over the forecast period. According to an article by Lendlease, the construction industry in Australia is the largest non-services sector industry and it contributes US$ 134.2 Billion (2015-16) to the economy every year. Moreover, prefabricated construction is on the rise in Australia as it represents 3% of all construction work in the country, meaning that a total of over US$ 2 Billion is being spent on prefabricated construction every year.
Rising demand for lime coupled with the boost in growth of the steel industry in Australia is expected to offer lucrative growth opportunity to the lime market. According to the Australian Steel Institute, the Australian steel industry composed of all iron and steel manufacturing, fabrication and casting activities. It entails small, medium, large and very large enterprises that together have an annual turnover of US$ 29 billion. The steel industry contributes US$ 11 billion to Australia’s GDP.
Key features of the study:
Detailed Segmentation
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation
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