US LIME Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Lime is a calcium compound used in waste water treatment and also in the steel industry for removing calcium oxide and calcium hydroxide. It has a wide range of applications in construction, chemical, environmental, and metallurgical applications. It is primarily used for impurities. Furthermore, it is used in the construction industry to stabilise soil in roads, buildings, and dams.

Growing demand for lime in the production of precipitated calcium carbonate is expected to be a major driving factor for the US lime market. Precipitated calcium carbonate has a wide range of applications, including paper, plastic, paint, rubber, and ink. Due to its high calcium content, precipitate calcium carbonate is also used in the production of calcium-based antacid formulations and multivitamin tablets.

US LIME Market

The U.S. Lime Market is projected to surpass US$ 3.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.7% during the forecast period (2020 to 2027).

The expansion of the construction industry in the United States is propelling lime market growth in the region. The construction industry, according to the Associated General Contractors of America, is a significant contributor to the US economy. Every year, the industry produces nearly $1.3 trillion in structures. As a result, growth in the country's construction industry is expected to accelerate US Lime Market growth over the forecast period. Regionally, the South dominated the US lime market in 2019, accounting for 38% of total revenue, followed by the Midwest and Western, respectively.

Lime storage time is a major challenge for manufacturers, particularly the major players, and it is expected to stymie lime market growth. Lime cannot be stored for an extended period of time because it easily changes its chemical and physical properties when exposed to moisture and carbon dioxide, rendering it unfit for use. Limited lime production due to harsh weather conditions is expected to stymie US lime market growth. Lime production is expected to be a major factor limiting lime market growth over the forecast period.

Lime storage time is a major challenge for manufacturers, particularly the major players, and it is expected to stymie lime market growth. Lime cannot be stored for an extended period of time because it easily changes its chemical and physical properties when exposed to moisture and carbon dioxide, rendering it unfit for use. Limited lime production due to harsh weather conditions is expected to stymie US lime market growth. Lime production is expected to be a major factor limiting lime market growth over the forecast period.

Growing cement consumption in the United States is expected to represent potential opportunities for the lime market. According to CEIC Data, the cement consumption in the United States in December 2017 was 96,800.000 Metric Tons. This is an increase from the previous month's total of 94,200.000 Metric Tons. Thus, rising cement consumption in the United States is expected to boost lime market growth.

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