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Australia lime market analysis

Australia lime market analysis

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Australia lime market analysis

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. AUSTRALIA LIME MARKET ANALYSIS • Australia Lime Market, By Product Type (Aglime (Agricultural Lime), Quick Lime, Hydrated Lime), By Application (Mining & Metallurgy, Building Material, Agriculture, Water Treatment, Others), and By Region (New South Wales, Victoria, Western Australia, Queensland, Rest of Australia) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Lime is also referred to as calcium hydroxide, is derived from the limestone such as quicklime and hydrated lime. Lime find application in building and engineering materials such as limestone product, concrete, cement, and mortar. Lime is also used in wastewater treatment with ferrous sulfate. Moreover, it is also used across industrial application such as the food industry, construction, and steel industry. Furthermore, lime also find application in the agriculture sector and is highly important for the production of sugar. • In 2018, Australia lime market is estimated to reach US$ 290.1 billion in terms of value and 1,485.0 Kilo Tons in terms of volume. • The growing mining industry in Australia is projected to foster market growth over the forecast period. According to Geoscience Australia, in 2016 there were around 370 operating mine sites in the country, of which approx. one third is located in Western Australia (WA), one quarter in Queensland (QLD) and one fifth in New South Wales (NSW), making them the three major mining states. • The rising demand for lime from the wastewater treatment industry in Australia is projected to propel the market growth. Growing environmental concerns and strict government rules for recycling of water, especially in industries are raising the adoption of various water and wastewater treatment plants in the country. Moreover, lime is also used as a water softener which is further anticipated to propel market growth over the forecast period.  • Regionally, New South Wales dominated the Australia lime market in 2018, reporting 28.8% market share in terms of value and is anticipated to reach US$ 81.5 billion in terms of revenue by 2027. In terms of market share regionally, New South Wales was followed by Victoria and Queensland, respectively.

  4. The low cost of the import lime and clinker is expected to hinder the market growth of the lime in the region. Strict government regulation imposed on the low carbon emission is also affecting the production cost of the lime which is also expected to hinder the market growth. Moreover, an increasing number of plant shutting down because of the rising import of lime from ASEAN countries is expected to restrict market growth over the forecast period. • The decrease in the farm production due to fluctuating climate and other environmental issues in the Australia is expected to hinder the market growth of the lime over the forecast period. According to The Australian Bureau of Agricultural and Resource Economics and Sciences Australian agricultural production and exports are expected to decline in 2018–19 as a result of dry seasonal conditions in the eastern states due to ongoing drought and flooding in northern Queensland have been adversely affected the farm production in Australia. • Increasing production of cement and clinker in Australia is expected to foster market growth. In 2017-18 the Australian cement the industry recorded a turnover of a US$ 2.4 billion. Therefore, rising production of cement and clinker in the Australia due to booming the construction industry in the region is expected to propel the market growth over the forecast period. • Expanding pulp and paper industry in the Australia region is expected to propel the market growth over the forecast period. According to the Australian Industry and Skills Committee, during 2018 the industry was made up of 679 manufacturing businesses and 1,057 paper product wholesaling businesses and The Pulp and Paper industry contributed US$ 3.7 billion to the Australian economy in 2018. Hence, increasing pulp and paper products in the region is expected to fuel market growth.  • Based on application, Metallurgy emerged as the leading segment the Australia lime market in 2018, accounting for 31.1% share in terms of value, followed by building materials and agriculture, respectively. • The rising number of collaboration in the region is a major trend that has been observed in the market, this factor is expected to augment the market growth of Australia lime. For instance, in August 2019, Graymont and GrupoCalidra have agreed to purchase the global lime and limestone business of the Belgium-based Sibelco group. The purchase includes operations located across the Asia-Pacific region in Australia, Malaysia, Indonesia, the Philippines, and South America in Argentina and Chile. • Growing demand for lime in the production of pigment and as filler in the more expensive paints is expected to propel the market growth. Moreover, the growing application of lime in the wood industry where lime is used as a neutralizer to neutralize the acid during the process. Furthermore, rising demand for lime from dyes and carpeting floors such as protective coatings is further anticipated to foster the growth of the Australia lime market.

  5. Few Recent Developments • Boral Limited • In 2015, CSR Bricks Pty Limited formed a joint venture company with Boral Ltd., called Boral CSR Bricks for brick operations and acquired 40% share of Boral Ltd. In the company.

  6. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/australia-lime-market-3301

  7. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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