Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights
  • Choose License Type

Lime is an inorganic versatile mineral composed of calcium compound such as calcium oxide and calcium hydroxide. Lime is widely used across environmental, construction, chemical, industrial, and metallurgical application. It has major use in environmental application such as wastewater treatment. However, the largest use of lime is found in the steel industry where it is used to eliminate the impurity. In the construction industry, it is used to stabilize the soil for road, airfield, building foundation, earthen dams. Moreover, lime is also used in the chemical industry for the production of the various chemical.

The Australia lime market was estimated to account for US$ 290.0 billion in terms of value in 2018 and is predicted to grow at a CAGR of 1.7% during the forecast period (2019 to 2027).

The growing construction industry in Australia is expected to fuel the market growth of lime over the forecast period. According to an article by Lendlease, the construction industry in Australia is the largest non-services sector industry and it contributes US$ 134.2 Billion (2015-16) to the economy every year. Moreover, prefabricated construction is on the rise in Australia as it represents 3% of all construction work in the country, meaning that a total of over US$ 2 Billion is being spent on prefabricated construction every year.

Rising demand for lime coupled with the boost in growth of the steel industry in Australia is expected to offer lucrative growth opportunity to the lime market. According to the Australian Steel Institute, the Australian steel industry composed of all iron and steel manufacturing, fabrication and casting activities. It entails small, medium, large and very large enterprises that together have an annual turnover of US$ 29 billion. The steel industry contributes US$ 11 billion to Australia’s GDP.

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.

On basis of product type, in 2018, Aglime (Agricultural Lime) accounted the largest market share of 52.4% with 778.5 kilo tons in terms of volume. This is mainly due to increase in demand for Aglime (Agricultural Lime) in farms as it is used to counter the high acidic content in soil and neutralize its pH factor to avoid any toxic contamination in plants.

Among regions, New South Wales dominated the Australia Lime Market in 2018, reporting 31.1% market share in terms of volume and is anticipated to reach 510.5 kilo tons in terms of volume by the end of 2027. New South Wales was followed by Victoria and Queensland in terms of volume, respectively. The growth in demand for Lime in this region is owing to rise of cement industries and construction projects.

Growing demand for limestone in enhancing the pH and alkalinity of in aquaculture pond is projected to propel the market growth over the forecast period. According to the Australian fisheries and aquaculture statistics, the value of commercial fishery and aquaculture production reached US$ 3.06 billion in 2016–17 and was 9 % higher in real terms compared with 2006–07. The growth in value is accounted for by the higher production of aquaculture.

Increasing usage of lime in the plastic and elastomeric products is expected to augment the growth of the Australia lime market. Owing to its regular and controlled shape of limestone product it is widely used as filler materials in the manufacturing of plastic and rubber. They are used to expand the product size of the plastic without increasing cost. Hence, the rising demand for lime from the plastic industry is expected to foster market growth.

Players active in the market are Adelaide Brighton Ltd, Boral Limited, Sibelco Australia Ltd., Omya Australia Pty Ltd, Wagners, and Lime Group Australia

Few Recent Developments

Sibelco Australia Ltd.

  • In January 2019, industrial specialty minerals group, Sibelco announced that it has agreed to sell its lime and limestone activities to two leading players in the lime and limestone industry – Graymont and Grupo Calidra

Market Taxonomy

By Product Type

  • Aglime (Agricultural Lime)
  • Quick Lime
  • Hydrated Lime

By Region

  • New South Wales
  • Victoria
  • Western Australia
  • Queensland
  • Rest of Australia

By Applications

  • Mining & Metallurgy
  • Building Material
  • Agriculture
  • Water Treatment
  • Others
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.