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  • Published In : Nov 2022
  • Code : CMI3301
  • Pages :100
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

Lime is an inorganic mineral derived from Limestone. Its chemical name is Calcium Hydroxide (CaOH). Lime is used in building and construction materials abundantly as well as used in various industries such as agriculture, water treatment plants, steel manufacturing industry, metallurgical industry, and others.

Limestone such as quicklime and hydrated lime. Lime finds application in building and engineering materials such as limestone products, concrete, cement, and mortar. Lime is also used in wastewater treatment with ferrous sulfate. Moreover, it is also used across industrial applications such as the food industry, construction, and steel industry. Furthermore, lime also finds application in the agriculture sector and is highly important for the production of sugar.

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).

Recent Developments:

  • In July 2021, Finland-based Nordkalk, a manufacturer of limestone-based products, introduced fossil-free Lime Market part of SSAB's widespread research project in Finland. In this project, SSAB is expected to work with industrial and research partners to discover different solutions and replacements to make fossil-free steel.

Market Driver:                                                      

Growing demand for lime in the production of pigment and as filler

Growing demand for lime in the production of pigment and as filler in the more expensive paints is expected to propel the market growth. Moreover, the growing application of lime in the wood industry where lime is used as a neutralizer to neutralize the acid during the process. Furthermore, rising demand for lime from dyes and carpeting floors such as protective coatings is further anticipated to foster the growth of the Australia lime market.

Figure 1. Australia Lime Market, Revenue Share (%), By Country, 2021

AUSTRALIA LIME MARKET

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Restraint:

The slowdown in the construction sector in Australia due to falling down in residential construction is projected to curb the growth of Australia lime market. According to the ABC news published in August 2019, construction work has fallen by more than 11 %, with the total level of work done down to a level last seen more than two years ago. Residential construction was the biggest drag down 5.1 % for the quarter and almost 10 % for the year.

The low cost of the import lime and clinker is expected to hinder the market growth of the lime in the region. Strict government regulation imposed on the low carbon emission is also affecting the production cost of the lime which is also expected to hinder the market growth. Moreover, an increasing number of plant shutting down because of the rising import of lime from ASEAN countries is expected to restrict market growth over the forecast period.

Australia Lime Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 294.1 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 2.1% 2030 Value Projection: US$ 358.7 Bn
Geographies covered:
  • By Region: New South Wales, Victoria, Western Australia, Queensland, Rest of Australia
Segments covered:
  • By Product Type: Aglime (Agricultural Lime, Quick Lime, Hydrated Lime)
  • By Application Type: Mining & Metallurgy, Building Material, Agriculture, Water Treatment, Others
Companies covered:

Adelaide Brighton Ltd, Boral Ltd., Sibelco Australia, Omya Australia Pty Ltd, Wagners, and Lime Group Australia 

Growth Drivers:
  • The Growing Mining Industry in Australia is Projected to Foster Market Growth over the Forecast Period
  • Growing Strategic Alliance among key Players
Restraints & Challenges:
  • The Slowdown in the Construction Sector in Australia due to Falling down in Residential Construction is Projected to Curb the Growth of Australia Lime Market

Australia Lime Market - Impact of Coronavirus (Covid-19) Pandemic :

Due to the outbreak of Covid-19 pandemic, almost each and every industries in Australia got significantly affected such as Automotive, Mining, Manufacturing and Others, and hence demand for Lime also decreased. The irregular mining and transportation activities significantly decrease demand for Lime Market in Australia witnessed slow growth during pandemic.

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.

Figure 2: Australia Lime Market (US$ Bn) Analysis and Forecast, 2022 - 2030

AUSTRALIA LIME MARKET

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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.         

Major players operating in the Australia Lime market include Leading Companies active in the market include Adelaide Brighton Ltd, Boral Ltd., Sibelco Australia, Omya Australia Pty Ltd, Wagners, and Lime Group Australia

Frequently Asked Questions

Australia Lime market is expected to reach US$ 358.7 Billion by 2030.

Australia Lime market is expected to witness a CAGR of 2.1% during the forecast period (2022-2030).

The growing construction industry in Australia is expected to drive growth of the Market.

Among application type, Metallurgy segment held the largest market share among the product type in 2021.

Key players operating in the market include Adelaide Brighton Ltd, Boral Ltd., Sibelco Australia, Omya Australia Pty Ltd, Wagners, and Lime Group Australia

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