H1 2023: The top Quicklime producers in H1 2023 were Carmeuse S.A, Schäfer Kalk GmbH & Co KG, Rheinkalk GmbH & Co KG, and Schäfer Kalk GmbH & Co KG. Asia Pacific region was the leading consumer of Quicklime in H1 2023. However, in the first half of H1 2023, Quicklime market was bearish in the Asia Pacific region. Product stockpiles were high in the Asian nations and there were weak purchases by the downstream Metallurgy and Building & Construction industries, which led to a decline in quicklime prices. However, prices inclined in April 2023 due to high number of queries from the downstream industries in the Asian nations like China and India. On the other hand, Germany also witnessed a bearish Quicklime market in H1 2023 due to sluggish demand from downstream steel industries. Factors like chaotic supply chain and even weak cost support led to a downward pathway of quicklime in Germany during the first three months of H1 2023. However, market behavior changed in the end of March 2023, with a slight hike in the quicklime prices in Germany, but soon prices declined in May 2023. The fall in prices was based on market inflation and poor demand by the downstream steel industry. Other factors included excess of stockpiles leading to high product availability in Germany.
H1 2022: During H1 2022, the leading Quicklime producers being Carmeuse S.A, Schäfer Kalk GmbH & Co KG, Rheinkalk GmbH & Co KG, and Shandong Zhongxin Calcium Industry Co Ltd. However, in H1 2022, Carmeuse S.A displayed the highest production of quicklime in terms of volume. Carmeuse S.A is the leading global producer of lime which caters services to numerous other countries through a global network of about eighty factories. Headquartered in Pittsburgh, Pennsylvania, Carmeuse Americas has over 30 manufacturing facilities throughout the regions like eastern United States, Canada and Latin America. Geographically, Europe held the majority of the production capacity in H1 2022, with Germany being in the leading position. Furthermore, Asia Pacific got the position of being the second-largest producer of quicklime, with players like China and India holding the higher position than the other countries. The key quicklime producer from China in H1 2022 was Shandong Zhongxin. However, in H1 2022, Asia Pacific was the largest consumer of Quicklime, followed by Europe. In H1 2022, Asia Pacific was found to consume approximately 38% of the quicklime in the first half of 2022. The major factor contributing to the consumption of quicklime across Asian region included heavy usage of quicklime in the construction industry.
H2 2022: The market consuming industries witnessed higher demands in H2 2022 compared to H1 2022. Asia Pacific region again displayed the highest demand for Quicklime in terms of volume in H2 2022 similar to H1 2022. However, reasons like lower raw material costs for the production of limestone in the regional market led to a decline in the value of the product in the region in July 2022. Quicklime prices in the Asian market near the termination of September 2022 showed mixed sentiment the region. Owing to the increased product orders from the downstream steel sector and limited availability of inventories impacted price quotes in the second half of the year. Quicklime market was sluggish during the winter season across China. The prices were affected by uncertain downstream steel demand in the Chinese market which slowed the economic growth of the country. In December 2022, quicklime price recorded a downward trend in the India market due to supply stagnation in the steel industry and bearish limestone raw material prices. The Indian steel industry faced a situation of insufficient purchasing power due to persistently high inflation in the nation during the end of the year 2022. Similarly, prices of Quicklime were on the lower track owing to smaller demands from the downstream steel industry of Europe during December 2022.
The global Quicklime market stood at nearly 48 million tonnes in 2022 and is expected to grow at a steady CAGR of 4.93% during the forecast period until 2032. The rise in demand for quicklime across a range of industries, including metallurgy and construction sectors is expected to be key drivers for the quicklime market's expansion.
Quicklime or calcium oxide is an inorganic compound with the chemical formula of CaO. Quicklime is generated by heating crushed limestone to nearly 1100 degrees Celsius in a shaft furnace or rotary kiln. It serves as a cleaning agent, a fuel for industrial processes, and a component in the manufacture of glass. Additionally used as a food additive is this powder. The main application of quicklime in the construction industry is soil stabilization for airfields, roadways, earthen dams, and building foundations. In addition to being a fundamental component in mortar and plaster in the form of lime slurry, lime can be mixed with specific additions to produce other metals.
Quicklime is widely used in the metal industry, which is promoting market expansion. In electric arc furnaces and basic oxygen furnaces, Quicklime is employed as a fluxing agent. Quicklime cleans the steel being produced of impurities including silica, phosphorus, and sulphur. Quicklime use is expanding along with the high demand for better, cleaner steel, which is enabling the quicklime market to grow. Quicklime is the perfect material to use as a clinker agent to remove impurities during the production of steel because of its resistance to corrosion and high temperature. Additionally, the usage of steel in the construction sector also contributes to the market. The Quicklime market is expected to reach 78 million tonnes in the year 2032.
Regionally, the Asia Pacific region is dominating the Quicklime market followed by Europe. This region held a market share of approximately 40% in 2022. The rapid expansion of infrastructure and globalization will most likely support the expansion of this market in the near future, especially in developing nations like India, China, and Taiwan.
Based on the end-user industry, the global Quicklime market is segmented into Metallurgy, Building & Construction, Chemical Industry, Water Treatment, Mining Industry, and Others. Among these, the Metallurgy industry is the primary consumer of the Quicklime market and captured approximately 48% of the market in 2022. It is projected that the use of quicklime in the electrolytic refinement of metals like steel will accelerate industry expansion. Quicklime is also suited for extensive use in many other industries such as construction, due to its cheaper prices. Quicklime can be converted into hydrated lime which is further used for softening of hard water. In the mining industry, the key contaminants in iron ore are eliminated using quicklime. It produces slag when reacting with the ore.
Major players in the production of Global Quicklime are Carmeuse S.A, Schäfer Kalk GmbH & Co KG, Emirates Lime factory (Al Jazeera Industrial Group), SA Transcar (Royal Volker Stevin), Chemicals Public Co. Ltd, Oman Cement Co. S.A.O.C, United States Lime & Minerals, Inc., voestalpine stahl GmbH, Kanzel Steinbruch Dennig GmbH, Golden Lime Public Company Limited, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Quicklime which covers production, demand and supply of Quicklime market in the globe.
• To analyse and forecast the market size of Quicklime
• To classify and forecast Global Quicklime market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Quicklime market in the globe.
To extract data for Global Quicklime market, primary research surveys were conducted with Quicklime manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Quicklime market over the coming years.
ChemAnalyst calculated Quicklime demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of Quicklime from the end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Quicklime manufacturers and other stakeholders
• Organizations, forums and alliances related to Quicklime distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Quicklime s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Quicklime market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
48 million tonnes
Market size Volume by 2032
78 million tonnes
Growth Rate
CAGR of 4.93% from 2023 to 2032
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By End-Use: (Metallurgy, Building & Construction, Chemical Industry, Water Treatment, Mining Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was global market size of Quicklime in terms of volume in 2022?
Ans:
The global market size of Quicklime has grown significantly in the historic period of 2015-2022 and reached approximately 48 million tonnes in 2022.
Q2.
Which region is the major consumer of Global Quicklime market?
Ans:
The Asia Pacific region is dominating the Quicklime market with a market share of approximately 40% in 2022.
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