Australia Lime Market, By Product Type (Aglime (Agricultural Lime), Quick Lime, Hydrated Lime), By Application (Mining & Metallurgy, Building Material, Agriculture, Water Treatment, Others), and By Region (New South Wales, Victoria, Western Australia, Queensland, Rest of Australia)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Nov 2022

Code : CMI3301

Pages :100

Formats :

Excel and PDF

Industry : Advanced Materials

Market Challenges And Opportunities

Restraint:

The slowdown in the construction sector in Australia due to falling down in residential construction is projected to curb the growth of Australia lime market. According to the ABC news published in August 2019, construction work has fallen by more than 11 %, with the total level of work done down to a level last seen more than two years ago. Residential construction was the biggest drag down 5.1 % for the quarter and almost 10 % for the year.

The low cost of the import lime and clinker is expected to hinder the market growth of the lime in the region. Strict government regulation imposed on the low carbon emission is also affecting the production cost of the lime which is also expected to hinder the market growth. Moreover, an increasing number of plant shutting down because of the rising import of lime from ASEAN countries is expected to restrict market growth over the forecast period.

Market Driver:

Growing demand for lime in the production of pigment and as filler

Growing demand for lime in the production of pigment and as filler in the more expensive paints is expected to propel the market growth. Moreover, the growing application of lime in the wood industry where lime is used as a neutralizer to neutralize the acid during the process. Furthermore, rising demand for lime from dyes and carpeting floors such as protective coatings is further anticipated to foster the growth of the Australia lime market.