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U.S. LIME MARKET | Coherent Market Insights

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U.S. LIME MARKET | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consultation Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. U.S. LIME MARKET ANALYSIS • U.S. Lime Market, By Product Type (Quick Lime, Hydrated Lime), By Application (Cement Manufacturing, Metal Manufacturing, Chemical (Water Treatment, Flue Gas, Others), Fertilizer, Pulp & Paper, Others), and By Region (Northeast, Midwest, South, Western) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027 • The U.S. lime market is projected to surpass US$ 3.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.7% during the forecast period (2020 to 2027).

  3. Drivers • Growing demand for lime in the production of precipitated calcium carbonate is expected to serve as a major driving factor for the market of U.S. lime. Precipitated calcium carbonate has a wide range of application which includes paper, plastic, paint, rubber, and ink. Moreover, precipitate calcium carbonate is also used in the production of calcium-based antacid formulation and multi-vitamin tablets due to its high content of calcium.

  4. Growth in the construction industry in the U.S. is propelling the market growth of lime in the region. According to the Associated General Contractors of America, construction industry is a major contributor to the U.S. economy. The industry creates nearly $1.3 trillion worth of structures each year. Therefore, growth in the construction industry is the country is expected to accelerate the market growth of lime over the forecast period.  • Regionally, South dominated the U.S. lime market in 2019, reporting 38% market share in terms of revenue, followed by Midwest and Western, respectively.

  5. Figure 1. U.S. Lime Market, Revenue Share (%), By Region, 2019

  6. Market Restraints • Storage time of lime is a key challenge faced by manufacturer especially among the major players and this is expected to hinder the market growth of lime. Lime cannot be stored for a longer time because lime changes its chemical and physical characteristics very easily when it comes in contact with moisture and carbon dioxide which makes it unsuitable for use. • Limited production of lime due to harsh weather conditions is expected to hinder the market growth of the U.S. lime. Limited production of lime is a major factor expected to restrict the market growth of lime over the forecast period.

  7. Market Opportunities • Growing consumption of cement in the U.S. is expected to represent potential opportunities to the market of the lime. According to the data by CEIC Data, the United States’ cement consumption data was reported at 96,800.000 Metric Ton th in Dec 2017. This records an increase from the previous number of 94,200.000 Metric Ton th for Dec 2016. Thus growing consumption of cement in the U.S. is projected to augment the market growth of lime. • Growth in the pulp &paper industry in the U.S. country is expected to present lucrative growth opportunities to the market of the U.S. According to the Trading Economics, the United States exports of paper and paperboard, articles of pulp, paper and board was US$ 15.07 Billion during 2019. Therefore, the growing pulp and paper industry in the country is expected to augment the market growth of the U.S. lime over the forecast timeframe. 

  8. Figure 2. U.S. Lime Market – Opportunity Analysis

  9. Market Trends • The rising trend of using lime in environmental applications such as wastewater treatment is expected to augment the market growth. Moreover, the majority of an industrialist in the country produced a large amount of wastewater that contain harmful chemicals and other product which are require to be treated before it dispose of in the environment. Thus, the growing demand for lime from the wastewater treatment industry is expected to augment the market growth. • The growing use of precipitated calcium carbonate (PCC) in the polymer and pulp paper industry is another major trend expected to foster market growth. Moreover, manufacturers are focusing on introducing fine grade lime in order to meet the rising demand from end-use industries in the region is expected to accelerate the market growth of the U.S. lime over the forecast period.

  10. Figure 3. U.S. Lime Market, Revenue Share (%), Application, in 2019

  11. Regulations • The Lime Maximum Achievable Control Technology (MACT) Rules, 2002 • In the United States, commonly used fuel for the production of lime is coal, followed by the coke. Emissions of gases during the combustion of coal and other fuels make the lime production to come under the regulatory scrutiny of the Clean Air Act (CAA).  • The governing authorities and the U.S Environmental Protection Agency (EPA) has introduced regulations on the lime manufacturers to limit the hazardous and harmful air pollutants from the lime operating plants. These regulations, known as the Maximum Achievable Control Technology (MACT) rules, are aimed to target emissions of hydrochloric acid, particulate matter, and the metallic hazardous air pollutants.

  12. U.S. lime Market - Impact of Coronavirus (Covid-19) Pandemic • Manufacturers in lime market are facing major challenges to operate due to various factors such as disruptions in supply chains, lack of sub-contractors & raw materials, and the dissolution of contracts and expense control. This scenario is expected to continue to reduce the demand of lime services across the globe which in turn will hinder the growth of the U.S. lime market for a short term period till the end of 2021. However, functional activities in various industries are likely to continue after short-term period and stabilize the market growth during 2021-2022.

  13. Competitive Section • Key players are operating in the U.S. lime market are Carmeuse, The United States Lime & Minerals, Inc., Cheney Lime & Cement Company, Lhoist, Linwood Mining & Minerals, Pete Lien & Sons, Inc., Mississippi Lime Company, Graymont Limited, and Valley Minerals LLC

  14. REQUEST SAMPLE • DOWNLOAD PDF BROCHURE • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE: https://www.coherentmarketinsights.com/market-insight/us-lime-market-3905

  15. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  16. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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