/PRNewswire/ The "Lime Market Research Report by Product, End-user, and State - United States Forecast to 2026 - Cumulative Impact of COVID-19" report has.
Lime Market Forecast Covering Growth Inclinations & Development Strategies Until
atulpmrJune 25, 2021 7
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 li
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The global lime material market is expected to grow at a compound annual growth rate of 3.11% over the forecast period to reach a market size of US$112.430 billion in 2025 from US$93.557 billion in 2019.
The construction Sector holds a major share in the Lime Market Growth. The material has been used in this sector for centuries as it was used in the construction and development of Masonry Mortars. The buildings especially mortar constructed with lime exhibit extensive and exponential strength and water-resistant qualities. The material is widely used in the development of plasters, improving their durability, strength, and overall lifespan. Hydrated Lime is widely popular in the construction sector as it is used in the construction of earthen dams, airfields, stabilization of soil, and others. Hydrated Lime enhance and modify the engineering properties and features of the soil especially workability and threshold. It also enhances the impermeab