The product is a crucial element required for construction of housing space. So, rise in construction due to migration factor is expected to boost the product demand during the forecast period. Additionally, the product is also used for extraction of several metals as well as non-metals and waste water treatment. Rise in use for animal waste treatment is considered as one of the crucial factors for the market. Usage of lime in animal waste treatment is cost-effective and aid in maintaining pH and controlling odor. Hydrated lime is extensively used to adjust the pH of water for preparing it for further treatment. Lime contains calcium ions, which react with the hydrogen sulfied present in animal waste to form complexes that avoids foul smell. Lime can be used in combination with alum or iron salts to coagulate suspended solids to get rid of turbidity from water.
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For instance, Hydroflux Group has recently launched Hydroflux EPCO, a new brand in the water and wastewater treatment market. Hydroflux EPCO combines wastewater innovator Hydroflux HUBER with EPCO Australia, one the Australia’s water companies. They are expected to provide several wastewater treatment technologies, while integrating EPCO’s technologies, which can be used in the municipal, industrial and mining sectors.
However, rise in concerns regarding pollution is expected to hinder the market growth. Many harmful by-products are released in the lime-stone based processing. These emissions may include carbon dioxide, sulfur dioxide, and nitrogen oxide. These elements can be dangerous to plants and animals including human beings. However, the market is expected to show steady growth due to introduction of international rules and regulations can alleviate the consumption of sources, which give out quick lime.
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Worldwide lime market can be segmented on the basis of product and region.
Based on product, the market can be categorized into hydraulic lime, slaked lime, and quicklime.
Geographically, the lime market can be divided into Americas, Europe, and Asia Pacific.
Asia Pacific is considered as the largest market and expected to grow swiftly during the forecast period on account of increasing infrastructure development activities in China and India. Growth in this region is mainly driven by industries including building and construction, agriculture, and sugar refinery. Growing consumption of non-ferrous metal in countries such as China, Japan, and India are also expected support the growth. China is major producer of the product as well as major contributor in terms of revenue
The lime market in Europe is expected to grow on account of use of product in environmental segment. Sluggish growth in construction and metallurgical is likely to hamper the growth in this region. North America is anticipated to grow due to growth in chemical intermediates end-use segment.
Some of the key companies operating in the lime market include Pete Lien & Sons, Inc.; Linwood Mining & Minerals Corporation; United States Lime & Minerals Inc.; Sigma Minerals Ltd.; and United States Lime & Minerals Inc. The market is fragmented due to presence of established vendors. As logistics plays a major role in manufacturing of value-added products, the commercial end-use market supply and demand are intense at local and regional levels. Major players in the market are vertically integrated with their own limestone assets.
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