The global lime market is forecast to grow at a CAGR of 4.48% by volume during the period 2016-2020.
According to the report, automotive weight reduction strategy will be a key driver for market growth. A steady shift from traditional metal casting to non-ferrous casting favors the growth of the market. Currently, several organizations across the automotive, industrial machinery, and telecommunications industries have started developing lightweight products to improve quality and reduce the overall weight of their products.
Aluminum is considered a choice of material for various manufacturers to reduce the weight of the vehicle. Quicklime is used in the production of various metals including aluminum and copper.
Further, the report states that quicklime is used in the steel industry for applications such as ladle desulfurization of the pig iron, impurity treatment in secondary refining, and as fluxing agents. The global steel demand reduced to 2% in 2015 from 3.3% in 2013. The reason was the weak global economy that resulted in low consumption and business sentiment.
Though developed countries are recovering and experiencing a positive growth, the market in China, the largest steel producer in the world, is experiencing slow growth because the country is moving to a consumption-based economy from an investment-led economy. Moreover, steel demand from other emerging economies is also uncertain because of reasons such as political instability and volatile financial markets. Thus, the sluggish steel demand is a major challenge for the lime industry.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Mississippi Lime
- Minerals Technologies
- Okutama Kogyo
- Schaefer Kalk
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Segmentation by product form
PART 07: Segmentation by hydrated lime end-users
PART 08: Segmentation by quicklime end-users
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/8t4275/global_lime
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets