The Lime Market Share in North America is expected to increase by 3.32 million MT from 2023 to 2026, at an accelerated CAGR of 3.61% according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
The US will register the highest growth rate of 78% among the other regions. However, market growth in the US will be slower than the growth of the market in Canada and Mexico.
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Vendor Insights-
The lime market in North America is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- Afrimat Ltd.- The company operates under Construction materials, Industrial minerals, and Bulk commodities business segments. The company offers lime products such as limestone.
- Carmeuse Coordination Center SA- The company offers lime-based products for various industries such as iron and steel, chemical, agriculture, glass, civil engineering, building material, and others. Moreover, the company also provides lime products such as CALSAFE Lime Slurry.
- Graymont Ltd.- The company offers products for construction and agriculture. Moreover, the company also provides lime products such as high calcium quicklime.
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Regional Market Outlook
78% of the market’s growth will originate from the US during the forecast period. The US is the key market for lime in North America. However, market growth in the US will be slower than the growth of the market in Canada and Mexico.
The significant increase in the production of steel and aluminum in the US, driven by the rise in demand for these metals from the energy, automotive, and construction sectors will facilitate the lime market growth in the US over the forecast period.
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Latest Drivers & Trends Driving the Market-
- Lime Market in North America Driver:
- Growing focus on wastewater recycling:
There are growing concerns about pollution caused by industries by way of harmful emissions and inadequate wastewater treatment. The government of countries such as the US, Canada, and Mexico is imposing stringent regulations on the disposal and recycling of industrial wastewater, which will fuel the demand for lime. For instance. in 2018, the US Environmental Protection Agency (EPA) announced the availability of significant funding for improving the water treatment infrastructure in the US through the Water Infrastructure Finance and Innovation Act (WIFIA) program. Rapid growth in population, depletion of natural freshwater resources, and many other factors will further boost the demand for lime, which will positively impact the growth of the market in focus during the forecast period.
- Lime Market in North America Trend:
- Rising popularity of alkaline-based papermaking:
Growing concerns over environmental pollution have led to the revival of alkaline-based papermaking, as it offers improved energy efficiency and minimizes the carbon footprint through secondary fiber recycling as well as reduced water consumption in the papermaking process. Vendors such as Mineral Technologies, are developing high filler technologies to minimize fiber consumption in alkaline-based paper manufacturing. Such factors are expected to support the growth of the lime market in North America in the coming years.
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
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Lime Market in North America Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.61% |
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Market growth 2023-2026 |
3.32 mn MT |
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Market structure |
Concentrated |
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YoY growth (%) |
3.50 |
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Regional analysis |
US, Canada, and Mexico |
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Performing market contribution |
US at 78% |
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Key consumer countries |
US |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Afrimat Ltd., Carmeuse Coordination Center SA, Cheney Lime & Cement Co., Graymont Ltd., Lhoist Group, Linwood Mining & Minerals Corp., Minerals Technologies Inc., Mississippi Lime Co., Pete Lien & Sons Inc., and United States Lime and Minerals Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2023
- Market outlook: Forecast for 2023 – 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Hydrated lime – Market size and forecast 2023-2026
- Quicklime – Market size and forecast 2023-2026
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- US – Market size and forecast 2023-2026
- Canada – Market size and forecast 2023-2026
- Mexico – Market size and forecast 2023-2026
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Afrimat Ltd.
- Carmeuse Coordination Center SA
- Cheney Lime & Cement Co.
- Graymont Ltd.
- Lhoist Group
- Linwood Mining & Minerals Corp.
- Minerals Technologies Inc.
- Mississippi Lime Co.
- Pete Lien & Sons Inc.
- United States Lime and Minerals Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
