The global Australia Lime Market is estimated to be valued at US$ 306.58 Bn or Mn in 2023 and is expected to exhibit a CAGR of 2.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Lime is a calcium-containing inorganic mineral composed primarily of oxides, commonly calcium oxide and/or magnesium oxide. It has wide applications in sectors like building materials for cement production, chemical processes, steel manufacturing, paper making, and water treatment. It helps improve soil quality for farming.

Market key trends:

One of the key trends driving the market growth is the increasing construction and infrastructure development activities in Australia. The government is making significant investments towards building new roads, buildings, bridges, ports, airports and rail networks which is propelling the demand for cement and other building materials where lime has wide applications. Additionally, growth in other sectors like steel manufacturing, automotive, food and beverages is also contributing to the increased consumption of lime in the region.

Segment Analysis
The Australia lime market is segmented into quick lime and hydrated lime. The quick lime segment dominates the market and accounted for nearly 70% share of the total market in 2023. Quick lime finds wide application in agriculture, mining, waste water treatment and construction industries which has propelled the growth of this segment over the years. Quick lime is highly effective and cheaper than hydrated lime, hence its higher preference among end-use industries.

Key Takeaways
The Global Australia Lime Market Demand is expected to witness high growth, exhibiting CAGR of 2.1% over the forecast period, due to increasing construction spending in Australia.

Regional analysis
Australasia region dominates the Australia lime market with over 80% share owing to presence of large limestone reserves and growing construction activities. Within Australasia, Australia accounts for majority of the share due to rapid urbanization and rising government investments in infrastructure development projects.

Key players
Key players operating in the Australia lime market are Adelaide Brighton Ltd, Boral Ltd., Sibelco Australia, Omya Australia Pty Ltd, Wagners, and Lime Group Australia. Adelaide Brighton Ltd is currently the market leader with over 25% value share owing to its widespread distribution network and long presence in the industry.

Read More:

https://www.marketwebjournal.com/australia-lime-market-demand-size-and-forecast/