Lime Procurement Intelligence 2030 : Lime Category To Grow Substantially At A CAGR Of 3.2%
Lime Procurement Intelligence The global lime category is anticipated to grow at a CAGR of 3.2% from 2023 to 2030. Growth of the category can be primarily attributed to increase in demand from construction, agriculture, steel, chemical, and manufacturing industries. For instance, lime is used in the production of several vital chemicals such as calcium carbide, cyanamide, propylene glycol, and sodium alkali, and rising demand for these chemicals is propelling the lime category. In the manufacturing sector, the category is experiencing significant demand from paper, refractory, and sugar producing companies. During the forecasted period, lime is expected to have significant demand from the steel industry. For instance, Lime is a vital component required for the production of Argon Oxygen Decarburization (AOD) converters, refining ladles, and electric arc furnaces in steel production. The demand for steel is expected to improve significantly from countries such as Braz...