Features Global lime consumption to slightly decline by 2027 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Financial CRH registers strong 1Q24 performance CRH thrives despite seasonal trends May 13, 2024 Plant Expansions JSW Cement launches production unit in Rajasthan Expansion into North India marks strategic growth May 13, 2024 MOST READ Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 Markets & Competition Botswana to ban cement imports Government implements cement import ban to reduce import May 07, 2024 Global lime consumption to slightly decline by 2027 Global lime market size is likely to expand at a CAGR of 2 percent from 2022 to 2027 China to remain the biggest lime consumer in 2027, accounting for almost 60 percent of total lime consumption The steel industry to stay the largest lime consumer sector over the forecast period Slaked lime is expected to see a decline in consumption, while hydrating lime is expected to grow Greenwich (CT), USA, March 8, 2022 ÔÇô Global lime consumption is estimated to decline slightly over the next five years, primarily due to a decrease in China and Asia-Pacific consumption, according to CW Research's Global Quicklime, Slaked Lime and Hydraulic Lime Market Report 2022. The global lime market size is likely to expand at a CAGR of 2 percent between 2022 and 2027, with metallurgy and FGD sectors expected to drive growth. ÔÇ£China, the world's largest lime producer, has reduced production levels leading to a modest increase in ex-works pricing, positively impacting the industry's market size. Meanwhile, Asia-Pacific, including China, is expected to record a lime consumption decline of almost 8 million tons in the next 5 years,ÔÇØ comments Prashant Singh, Director at CW Group. Asia-Pacific's market size to remain the largest in 2027 China is forecast to continue to account for more than half of the global lime market size in 2027, even though its consumption is expected to see a decline at a CAGR of 1 percent between 2022 and 2027. Asia-Pacific's lime consumption per capita is expected to increase at an estimated CAGR of more than 1 percent over the forecast period, with India and Taiwan accounting for the largest CAGR growth. Steel industry to remain the largest lime consuming sector in 2027 Steel is forecast to remain the largest lime consumer sector at a global level, followed by civil construction and aluminum. These three sectors, which are estimated to account for 58 percent of lime consumption in 2022, are forecast to remain the largest consumers in 2027. Asia-Pacific's lime consumption growth is expected to be driven by paper and pulp, aluminum, and FGD applications. Hydrating lime to account for a fifth of global lime consumption While quicklime is expected to see a decline in terms of consumption, hydrating lime is expected to account for 21 percent of global lime consumption in 2027, growing at a CAGR of almost 3 percent. Meanwhile, slaked lime consumption is forecast to decline at a CAGR of more than 2 percent by 2027. CW Research's Global Quicklime, Slaked Lime and Hydraulic Lime Market Report 2022 addresses important market dynamics including a 5-year historical (2017-2022E) as well as a 5-year outlook (2022E-2027F) for the global quicklime, slaked lime and hydraulic lime industry. The report provides an in-depth assessment of the global quicklime market, its size (USD million), production and consumption by lime type (mn tons), key drivers, trends, and constraints. Buy the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline