U.S. Lime Market

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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

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Lime is a calcium compound in the wastewater
treatment process and is also used on the steel
industry for removing which consists of calcium
oxide and calcium hydroxide. It has a wide range
of application across construction, chemical,
environmental, and metallurgical application. It
is majorly used the impurities. Moreover, it is
also used in the construction industry in the
road, buildings, and dams where it is used to
stabilize the soil.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).

• 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.
• 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.

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

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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. 

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Figure 2. U.S. Lime Market Opportunity Analysis
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 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

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

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• On the basis of application, chemical dominated
  the U.S. lime market in 2019 with around 33 of
  market share in terms of revenue, followed by
  metal and cement, respectively
• 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.
• 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.
• 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
• 
  

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