Lime Market is Expected to Reach at USD 56.64 Billion by 2032; Increasing Demand from Chemical and Manufacturing Industries Caused Surge in the Market

The global lime market size stood at USD 46.68 billion in 2024. The market is anticipated to grow from USD 47.40 billion in 2025 to USD 56.64 billion by 2032, displaying a CAGR of 2.6% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Lime Market Size, Share & Industry Analysis, By Type (Quick Lime and Hydrated Lime), Application (Agriculture, Building Material, Mining & Metallurgy, Water Treatment, and Others), and Regional Forecast, 2025-2032”.

Lime is one of the most consumed chemicals globally, whose chemical name is calcium hydroxide. This contains calcium inorganic mineral which is composed of oxide and hydroxide compounds. During the calcination process, limestone and chalks are exposed to heated temperature, which is above 800⁰C, and then breaks down the carbonate compound into a highly corrosive calcium oxide or quicklime, releasing carbon dioxide.

Lime is a vital chemical for end-use industries and their applications, including construction, metallurgy, chemicals, and environmental. For that reason, a lot of the countries regulated their supplies regardless of the COVID-19 pandemic.

Strategic Partnership Between Carmeuse and Tallman Technologies Inc. to Enhance Product Demand

In September 2023, a strategic partnership took place between Carmeuse and Tallman Technologies Inc. to augment the lime injection offerings. With Carmeuse’s expertise in raw materials along with lime handling, coupled by Tallman Technologies’ extensive design and engineering professionalism in the injection will aid Carmeuse to offer a lime injection system.

Increasing Number of Steel Industries to Fuel Market Development

Lime’s prominent usage is in production of steel, which acts as a fluxing agent in electric arc furnaces and oxygen furnaces. Impurities such as silica, phosphorus, and sulfur are easily removed by this product. It also helps in augmenting the refractory life of the furnaces. The increasing demand for steel products has significantly surged in past years due to promising efforts by the government to build strong residencies for the rising population.

However, the greenhouse gas generated after the production of lime has created effects including increasing global temperatures which caused the melting of glaciers, leading to disasters such as floods.

Major Industry Players are Aiming for Strategic Acquisition to Strengthen their Market Presence

Expansion and acquisition are important strategies used by market-leading companies to maintain their positions. Mississippi Lime Company is one of the leading companies operating in the market. The company supplies its products to construction, chemical, environmental, and water treatment industries. The company has about ten manufacturing sites, six dedicated distribution sites, and six MLDs trucking sites.

Key Players Profiled in the Report:

• Carmeuse (Belgium)


• Lhoist Group (Belgium)


• Graymont Limited (Canada)


• Mississippi Lime Company (U.S.)


• United States Lime & Minerals Inc. (U.S.)


• Afrimat (South Africa)


• Linwood Mining & Minerals Corporation (U.S.)


• Minerals Technologies, Inc. (U.S.)


• Cheney Lime & Cement Company (U.S.)


• Pete Lien & Sons, Inc. (U.S.)


• Sigma Minerals Ltd. (India)


• Cornish Lime (U.K.)


• Brookville Lime (U.S.)

Key Industry Development:

• September 2022: Mississippi Lime Company completed acquisition of Valley Minerals, a single-site dolomitic quicklime producer based in Bonne Terre, Missouri. The acquisition will help Mississippi Lime to expand on its commitment to better serve the growing next-generation steel production base.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/lime-market-104548

Further Report Findings:

• Based on type, the quick lime segments held the leading lime market share in 2024, due to the heavy demand from the manufacturing sector. This product type is widely used in industries such as steelmaking, construction, chemical processing, and water treatment.


• Asia Pacific market value stood at USD 31.12 billion in 2024 and is expected to hold the largest share of the market during the forecast period. This is attributed to the presence of China in the region, where the concentration of industries is very high.


• The growth of the market in Europe is associated with the expansion of steel manufacturing and the surging automotive industry. Furthermore, the paper and plastic industries in the region have expanded their demand to treat wastewater and flue gases.

Table of Segmentation