U.S LIME MARKET ANALYSIS

U.S Lime MarketSize and Trends

Lime is a calcium compound in the wastewater treatment process and is also used in the steel industry which consists of calcium oxide and calcium hydroxide. It has a wide range of applications across construction, chemical, environmental, and metallurgical application Moreover, it is also used in the construction industry in the road, buildings, and dams where it is used to stabilize the soil. The U.S. lime market is projected to surpass US$ 4.6 billion by the end of 2030, in terms of revenue, growing at CAGR of 5.1% during the forecast period (2023 - 2030). U.S. Lime market is segmented into its type, application, and others.

Market Trends

Popularity in the usage of lime in environmental applications

The rising trend of using lime in environmental applications such as wastewater treatment is expected to augment market growth. Moreover, the majority of industrialists in the country produced a large amount of wastewater that contain harmful chemicals and other product which are required to be treated before it dispose of in the environment. Most metals are stabilized by lime by transforming them into more chemically stable forms that are less likely to leach. Furthermore, when applied to soil, lime can be a very efficient technique to harden debris and avoid future hazardous waste release. Thus, the growing demand for lime from the wastewater treatment industry is expected to augment the market growth.

Growing use of precipitated calcium carbonate (PCC) in the polymer and pulp paper industry  

Increase in the use of precipitated calcium carbonate (PCC) in the polymer and pulp paper industry is another major trend expected to foster market growth. Precipitated calcium carbonate is used as a filler and surface coating material in the paper industry for high grades paper products such as office paper and cigarette/tissue paper. The use of calcium carbonate facilitates polymer extrusion while also lowering the cost. It improves the polymer's heat resistance, stiffness, and hardness. Moreover, manufacturers are focusing on introducing fine-grade lime to meet the rising demand from end-use industries in the region is expected to accelerate the market growth of the U.S. lime over the forecast period.