Lime market VS Lime types

Lime market VS Lime types

Lime has different types, so on this basis has different market demands. In the meantime, quicklime, which is also known as, activated lime or calcined lime, has a more colorful role and a sixty-five percent share in the global lime market. The forecasts made from the lime market also emphasize the dominance of quicklime due to its widespread use in the metal production industry compared to other types of lime in the coming years. But in the case of hydrated lime, it is also predicted that its use in the construction and road construction industry as well as service industries will increase the demand for it. Market participants believe in a 5% growth in demand for hydrated lime by 2024. The lime market can be classified based on its uses in the fields of chemicals, construction, metallurgy and services. Based on this, metallurgy and metal production industries are the leaders in this field by consuming fifty percent of the total lime produced in the world. Forecasts also indicate that the metallurgy industry will continue to maintain the largest market share of lime consumption in the coming years. However, the construction industry is the most profitable segment of the lime market, and as a result, it is expected to add up to 5% to its share of future lime production. The main reason is the increasing urban life and construction in the Asia Pacific, Middle East and Africa regions.