The Australia lime market was estimated to account for US$ 294.1 billion in terms of value in 2021 and is predicted to grow at a CAGR of 2.1% during the forecast period (2022 to 2030).
Market Trends
The increasing investments by the government in the construction of public infrastructure
The increasing investments by the government in the construction of public infrastructure, including railway stations, actions as an important industry trend superintendent the progress of the market.
Market Opportunity:
Expanding pulp and paper industry in the Australia region is expected to propel the market growth over the forecast period. According to the Australian Industry and Skills Committee, during 2018 the industry was made up of 679 manufacturing businesses and 1,057 paper product wholesaling businesses and The Pulp and Paper industry contributed US$ 3.7 billion to the Australian economy in 2018. Hence, increasing pulp and paper products in the region is expected to fuel market growth.
Market Trends
Figure 2: Australia Lime Market (US$ Bn) Analysis and Forecast, 2022 - 2030
Australia Lime market was valued at US$ 294.1 Bn in 2021 and is expected to reach US$ 358.7 Billion by 2030, growing at a CAGR of 2.1 % between 2022 and 2030.
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