North America Lime Market Analysis 2022-2026: 78% Growth Rate will Develop From the US
The lime market share in North America is expected to increase by 3.32 million metric tons, accelerating at a CAGR of 3.61% during the forecast period. Technavio's research report offers an in-depth analysis of the market with respect to different geographical segments. It also provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the coming years. This research analysis will provide businesses with the insights necessary to plan their growth strategy.
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Lime Market In North America: US to lead market growth during the forecast period
- The lime market in North America is segmented by Product (Hydrated lime and Quicklime) and Geography (US, Canada, and Mexico).
- The lime market share growth in North America by the hydrated lime segment will be significant during the forecast period.
- The growth of the segment is attributed to the rapid growth in wastewater treatment infrastructure.
- 78% of the market's growth will originate from the US during the forecast period. The US is the key market for lime in North America.
- The significant increase in the production of steel and aluminum in the US, driven by the rise in demand for these metals from the energy, automotive, and construction sectors will facilitate the lime market growth in the US over the forecast period.
- Growing focus on wastewater recycling will be a significant factor in driving the growth of the lime market in North America. The report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus.
Lime Market In North America: Vendor Landscape
The market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the major lime market vendors in North America are:
- Afrimat Ltd.
- Carmeuse Coordination Center SA
- Cheney Lime & Cement Co.
- Graymont Ltd.
- Lhoist Group
- Linwood Mining & Minerals Corp.
- Minerals Technologies Inc.
- Mississippi Lime Co.
- Pete Lien & Sons Inc.
- United States Lime and Minerals Inc.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Browse through our exclusive Lime Market Related Reports
- Lime Market in Europe- The lime market share in Europe is expected to increase to 4.09 million metric tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.89%.
- Mexico Lime Market- The lime market share in Mexico is expected to increase by 223.43 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.70%.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 3.61%.
- What is the incremental growth of the market?
The market is expected to grow by 3.32 million MT.
- What is a key factor driving this market?
A growing focus on wastewater recycling will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
The US, Canada, and Mexico are the key regions featured in this research report.
- Which is the leading geographic region for this market?
78% growth will originate from the US.
- Who are the leading market vendors?
The leading vendors in this market are Afrimat Ltd., Carmeuse Coordination Center SA, Cheney Lime & Cement Co., Graymont Ltd., Lhoist Group, Linwood Mining & Minerals Corp., Minerals Technologies Inc., Mississippi Lime Co., Pete Lien & Sons Inc., and United States Lime and Minerals Inc.
- What are the market segments covered in this report?
The market is segmented by Product (Hydrated lime and Quicklime) and Geography (US, Canada, and Mexico).
