AsiaPacific and Middle East Quicklime Market: Introduction
Interms of value, the quicklime market in Asia Pacific and Middle East isanticipated to expand at a CAGR of 4.5%from 2020 to 2030. Quicklime, also known as burnt lime, is obtained by thethermal decomposition of limestone. Quicklime is utilized in mortars andcements. It is widely used as a flux agent in the steel industry in order toremove impurities such as silica, alumina, and phosphorus. It is also employedas a reagent in various industries (including chemical and paper).
Increasein Air Pollution to Hamper Asia Pacific and Middle EastQuicklime Market
Airpollution is a major factor that is expected to hamper the quicklime market inAsia Pacific and the Middle East during the forecast period. The process ofburning limestone for the production of lime, which is used to producequicklime, leads to emission of sulfur dioxide, carbon dioxide, and nitrogenoxide. These cause air pollution, which has a toxic effect not only on plantsand animals, but also on humans. Stringent regulations enacted by governmentsof various countries in Asia Pacific and the Middle East have promptedmanufacturers of quicklime to shift toward energy-efficient technologies thatlower carbon dioxide emissions. According to the Ministry of EnvironmentalProtection of China, the mining sector has played a vital role in economicexpansion over last three decades. However, poor regulation and weakimplementation of standards have polluted the country's soil and left parts ofits land and water supplies unfit for use. Therefore, mining companies arefacing pressure from government authorities regarding restriction on upstream anddownstream mining activities in order to reduce emissions of harmfulpollutants.
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Crushed/PebbleForm to Create Lucrative Opportunities for Asia Pacific and Middle EastQuicklime Market
Interms of form, the quicklime market in Asia Pacific and the Middle East hasbeen divided into large lump, crushed/pebble, and ground. Crushed/pebble isprojected to be a highly lucrative segment of the AsiaPacific and Middle East quicklime market during the forecast period. It islikely to expand at a CAGR of more than 5% from 2020 to 2030. Thecrushed/pebble form of quicklime is employed in building & construction andiron & steel industries in the region. The building & constructionindustry in Asia Pacific has been expanding due to increase in investments inconstruction activities and steady industrial development in emerging economiessuch as China and India. This is projected to boost the quicklime market inAsia Pacific and the Middle East from 2020 to 2030.
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Building& Construction industry in Asia Pacific and Middle East to Witness HighAdoption of Quicklime
Interms of application, the quicklime market in Asia Pacific and the Middle Easthas been segregated into iron & steel, gold, alumina refining, building& construction, water treatment, pulp & paper, chemical intermediate,glass, agriculture, flue gas desulfurization/gas treatment, and others. Thebuilding & construction segment is anticipated to dominate the quicklimemarket during the forecast period. The building & construction segmentaccounted for major share of the Asia Pacific and Middle East quicklime marketin 2019. In terms of volume, the segment is estimated to expand significantlyduring the forecast period.
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AsiaPacific to be Lucrative Region of Asia Pacific and Middle East Quicklime Market
AsiaPacific dominated the quicklime market in 2019. The trend is projected to continueduring the forecast period. The demand for quicklime is high in Asia Pacific,particularly in China, owing to increase in consumption of quicklime in iron& steel, chemical intermediate, and building & construction industriesin the country. The expansion of the building & construction industry isalso a major factor propelling the quicklime market in the country. AsiaPacific is anticipated to remain a highly lucrative region of the quicklimemarket during the forecast period, owing to increase in production of variousquicklime-based products in countries such as China and India in the region.
CompetitionLandscape of Asia Pacific and Middle East Quicklime Market
Thequicklime market in Asia pacific and the Middle East is highly fragmented.Carmeuse, Nordkalk Corporation, Boral Cement Limited, BGC (Australia) Pty Ltd,Cockburn Cement Limited, Linwood Mining & Minerals Corporation, CementAustralia Holdings Pty. Ltd., and Graymont Limited cumulatively held more than10% share of the quicklime market in Asia Pacific and the Middle East in 2019.Leading players have taken initiatives to expand their presence in quicklimemarket in Asia Pacific and the Middle East through acquisitions, increase inproduction capacities, and strategic partnerships.
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Otherkey manufacturers operating in the quicklime market in Asia Pacific and the Middle Eastare Lhoist, United States Lime & Minerals Inc. (USLM), Mississippi LimeCompany, Cheney Lime & Cement Company, Pete Lien & Sons, Inc., BoralCement Limited, MICRONISED MINERAL SOLUTIONS PTY LTD, and NORTHERN CEMENTLIMITED.
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