Asia Pacific and Middle East Quicklime Market: Introduction
In terms of value, the quicklime market in Asia Pacific and Middle East is anticipated to expand at a CAGR of 4.5% from 2024 to 2030. Quicklime, also known as burnt lime, is obtained by the thermal decomposition of limestone. Quicklime is utilized in mortars and cements. It is widely used as a flux agent in the steel industry in order to remove impurities such as silica, alumina, and phosphorus. It is also employed as a reagent in various industries (including chemical and paper).
Increase in Air Pollution to Hamper Asia Pacific and Middle East Quicklime Market
Air pollution is a major factor that is expected to hamper the quicklime market in Asia Pacific and the Middle East during the forecast period. The process of burning limestone for the production of lime, which is used to produce quicklime, leads to emission of sulfur dioxide, carbon dioxide, and nitrogen oxide. These cause air pollution, which has a toxic effect not only on plants and animals, but also on humans. Stringent regulations enacted by governments of various countries in Asia Pacific and the Middle East have prompted manufacturers of quicklime to shift toward energy-efficient technologies that lower carbon dioxide emissions. According to the Ministry of Environmental Protection of China, the mining sector has played a vital role in economic expansion over last three decades. However, poor regulation and weak implementation of standards have polluted the country’s soil and left parts of its land and water supplies unfit for use. Therefore, mining companies are facing pressure from government authorities regarding restriction on upstream and downstream mining activities in order to reduce emissions of harmful pollutants.
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Crushed/Pebble Form to Create Lucrative Opportunities for Asia Pacific and Middle East Quicklime Market
In terms of form, the quicklime market in Asia Pacific and the Middle East has been divided into large lump, crushed/pebble, and ground. Crushed/pebble is projected to be a highly lucrative segment of the Asia Pacific and Middle East quicklime market during the forecast period. It is likely to expand at a CAGR of more than 5% from 2024 to 2030. The crushed/pebble form of quicklime is employed in building & construction and iron & steel industries in the region. The building & construction industry in Asia Pacific has been expanding due to increase in investments in construction activities and steady industrial development in emerging economies such as China and India. This is projected to boost the quicklime market in Asia Pacific and the Middle East from 2024 to 2030.
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Building & Construction industry in Asia Pacific and Middle East to Witness High Adoption of Quicklime
In terms of application, the quicklime market in Asia Pacific and the Middle East has 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. The building & construction segment is anticipated to dominate the quicklime market during the forecast period. The building & construction segment accounted for major share of the Asia Pacific and Middle East quicklime market in 2019. In terms of volume, the segment is estimated to expand significantly during the forecast period.
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Asia Pacific to be Lucrative Region of Asia Pacific and Middle East Quicklime Market
Asia Pacific dominated the quicklime market in 2019. The trend is projected to continue during 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 industries in the country. The expansion of the building & construction industry is also a major factor propelling the quicklime market in the country. Asia Pacific is anticipated to remain a highly lucrative region of the quicklime market during the forecast period, owing to increase in production of various quicklime-based products in countries such as China and India in the region.
Competition Landscape of Asia Pacific and Middle East Quicklime Market
The quicklime 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, Cement Australia Holdings Pty. Ltd., and Graymont Limited cumulatively held more than 10% share of the quicklime market in Asia Pacific and the Middle East in 2019. Leading players have taken initiatives to expand their presence in quicklime market in Asia Pacific and the Middle East through acquisitions, increase in production capacities, and strategic partnerships.
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Other key manufacturers operating in the quicklime market in Asia Pacific and the Middle East are Lhoist, United States Lime & Minerals Inc. (USLM), Mississippi Lime Company, Cheney Lime & Cement Company, Pete Lien & Sons, Inc., Boral Cement Limited, MICRONISED MINERAL SOLUTIONS PTY LTD, and NORTHERN CEMENT LIMITED.
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