Global Lime Market is estimated to be US$ 55.82 billion by 2030 with a CAGR of 2.8%.

Iiishika21 Jul, 2023Other

The increase in urbanization is the primary driver of the global Lime market growth. Lime is a limestone-based commodity mineral with a high volume and low cost. According to figures given by the United Nations Organization in 2014, around 70% of the world's population is anticipated to reside in cities by 2050. Over the projection period, however, the growing prominence of lime alternatives such as limestone and magnesium hydroxide calcined gypsum is likely to stifle global lime market growth. The demand for lime is expected to increase as a result of improvements in the metal industry, and the market is expected to rise at a strong rate in the future years. Another important element influencing lime demand is its increasing use in the production of precipitated calcium carbonate.