TMR_Research_Reports_2017 Lime Market to Reach US$ 76.48 Bn by 2024 | Page 2

Lime Market
REPORT DESCRIPTION
Lime Market - Global Industry Analysis Size Share Growth Trends
and Forecast 2016 – 2024
Transparency Market Research (TMR) observes that the competition in the global lime
market is quite fragmented due to the strong presence of several manufacturers. Some of the
leading players in the global market are Carmeuse, Graymont, Lhoist , and Mississippi Lime.
These companies will focus on mergers and acquisitions to expand their businesses in the
developing regions as the demand in emerging economies continues to be on the rise.
However, players face a major threat of forward integration by raw material suppliers across
the value chain.
Asia Pacific to Account for Majority Share in Global Lime Market by 2024
According to the research report, the global lime market was valued at US$44.84 bn in 2015
and is expected to be worth US$76.48 bn by the end of 2024. During the forecast period of
2016 and 2024, the global market is expected to surge at a CAGR of 6.2%. Amongst the end
users, the metallurgical segment is likely to grow at a fast pace over the forecast period.
Analysts expect that this end-user segment will soar at a CAGR of 5.3% between 2016 and
2024. From a geographic point of view, Asia Pacific is expected to dominate the global market
in the coming years. By the end of 2024, the Asia Pacific lime market is expected to account
for 74.0% share in the overall market.
Browse Market Research Report @ http://www.transparencymarketresearch.com/lime-
market.html
Increasing Construction Activities Bolster Growth of Global Lime Market
The global consumption of lime has grown over the years and is expected to rise at steady
pace due to increasing urbanization in both developed and developing regions. Rapid shift of
population from rural areas to city areas has created a massive demand for housing and
cleaner water sources. Both of these factors have had a positive influence on the progress of
the global lime market. Lime is essentially for construction purposes for the production of non-
ferrous metals, iron, and steel as well as for waste water treatments. Analysts state that the
Transparency Market Research
2