Lime Market Forecast Covering Growth Inclinations & Development Strategies Until
atulpmrJune 25, 2021
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While the overall lime production and consumption scenario has been foreseen to remain positive over the next eight years, Persistence Market Research anticipates that the global lime market will exhibit sluggish growth over 2018-2026. Sustained production of ferrous and non-ferrous metals is anticipated to forestall the lime market decline through the next few years, further supported by decently increasing decently growing demand for building materials owing to swift infrastructural development and construction activities – especially in emerging economies.
Estimated to expand at a passive CAGR of 2.5% CAGR over 2018-2026, the global lime market is anticipated to approach the value of US$ 50 Bn by the end of 2026. Leading lime market players especially from SEA, Oceania, and Europe are presumed to continue major import of low-cost lime and intermediates from China. The lime market is slated to witness relatively higher expansion of SEA region throughout the forecast period, resulting in various growth opportunities for key players.