Australia Lime Market, By Product Type (Agricultural Lime, Hydrated Lime, Quick Lime), By Application (Mining & Metallurgy, Building Material, Agriculture, Water Treatment, Others), By Region – Global Analysis Forecast Till 2030

The Global Australia Lime Market size was estimated at USD 294.1 Billion in 2021 and is expected to hit around USD 358.7 Bn by 2030, poised to grow at a compound annual growth rate (CAGR) of 2.4% during the forecast period 2022 to 2030.

Inorganic mineral lime is produced from limestone. Calcium Hydroxide is the name of the chemical (CaOH). Lime is widely utilised in building and construction materials as well as in a number of industries, including agriculture, water treatment facilities, the steel industry, the metallurgical industry, and others.

limestone, including hydrated and quick lime. Lime is used in construction and engineering items such limestone products, concrete, cement, and mortar. In addition to ferrous sulphate, lime is utilised in the treatment of wastewater. Additionally, it is employed in a variety of industrial sectors, including the food business, the building industry, and the steel industry. Lime is also used extensively in the agricultural industry and is crucial for the manufacture of sugar.

Market Dynamics

Drivers:

Growing demand for lime is anticipated to drive market expansion in the production of pigment and as a filler in more expensive paints. As a neutralizer to neutralise the acid during the process, lime is also being employed more and more in the wood sector. The growing need for lime from carpeted floors, such as protective coatings, and dyes is also predicted to support the expansion of the lime industry in Australia.

Restraints:

It is anticipated that the downturn in Australia's building industry will restrain the market's expansion. This is because residential construction has declined. The overall amount of work completed is now at a level last seen more than two years ago, according to an article from ABC News that was published in August 2019. Construction output has decreased by more than 11%. The largest contributor to the quarterly and annual declines, 5.1% and roughly 10% respectively, was residential building.

It is anticipated that the region's growing lime market will be hampered by the low cost of imported lime and clinker. The production cost of lime is being impacted by strict government regulations imposed on low carbon emission, which is also anticipated to impede market expansion. Additionally, it is anticipated that the forecasted period will see a decline in market growth due to a growing number of plants closing due to an increase in lime imports from ASEAN nations.

Opportunity:

Over the course of the projected period, the market growth is anticipated to be driven by Australia's expanding pulp and paper industry. According to the Australian Industry and Skills Committee, the industry had 679 manufacturing companies and 1,057 enterprises that sold paper products wholesale in 2018. The Pulp and Paper industry gave the Australian economy a boost of US$ 3.7 billion in 2018. Consequently, it is anticipated that the region's expanding use of pulp and paper products will spur market expansion.

Key players:

• Boral Limited

• Sibelco Australia Ltd.

• Omya Australia Pty Ltd.

• Wagners

• Lime Group Australia 

Market Segmentation:

Australia Lime market, By Product Type:

• Aglime (Agricultural Lime)

• Quick Lime

• Hydrated Lime

Australia Lime Market, By Application:

• Mining & Metallurgy

• Building Material

• Agriculture

• Water Treatment

• Others

Australia Lime Market,By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

Construction is a major driver of the lime industry in Australia. Lime industry demand is also being driven by the expanding steel sector. Products made of steel are shielded against corrosion and contaminants using hydrated lime. Similar to a coating, it balances the acidity of the slag on the items. The development of the steel sector consequently has a direct impact on the development of the lime industry. In Australia, the rise of the lime sector is being further fueled by its expanding use in metallurgical processes for manufacturing steel. Aluminized and magnesium metals are also made with the product.

Scope of the Report:

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