The global caps and closures market size reached approximately USD 72.26 billion in 2023. The…
The new report by Expert Market Research titled, ‘Global Calcium Hydroxide Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global calcium hydroxide market, assessing the market based on its segments like types, grades, end-uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3%
The robust development of residential and commercial buildings owing to the rising population, increasing living standards, and rapid urbanisation is generating a significant demand for calcium hydroxide in the construction sector. Meanwhile, the growing demand for food grade calcium hydroxide in the form of pickling lime for home canning is anticipated to bolster the market growth.
Additionally, calcium hydroxide is traditionally used as a disinfectant to prevent infectious diseases in livestock. Therefore, the thriving agriculture sector is anticipated to provide impetus to the market in the forecast period. Geographically, the Asia Pacific accounts for a significant share in the market owing to the presence of a large population in the region, which is generating a significant demand for food grade calcium hydroxide for various applications in the food and beverage sector.
Industry Definition and Major Segments
Calcium hydroxide, also known as slaked lime, is a white powdery substance or colourless crystal procured by the action of water on calcium oxide. The compound is extensively used as an industrial alkali and an ingredient in the manufacturing of mortars, plastic, and cement. Moreover, calcium hydroxide is also utilised in the sewage treatment.
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On the basis of type, the market can be segmented into:
- Dry Powder
By grade, the market has been classified into:
The significant end-uses of the product include:
- Water Treatment
- Environmental Gas Treatment
- Food and Beverage
- Pulp and Paper
The regional markets for calcium hydroxide include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The key trends in the global calcium hydroxide market include the rising investments in the water treatment projects in order to meet the growing demand for clean water as a result of the growing population across the world. In addition to this, the favourable government regulations aimed at encouraging water treatment strategies are anticipated to offer lucrative opportunities to the market in the forecast period.
For instance, the Environmental Protection Agency (EPA) has prescribed the usage of calcium hydroxide for the treatment and cleaning of sludges in the United States of America. Furthermore, the growing use of calcium hydroxide in the food and beverage industry as an additive and processing aid is likely to support the demand for food grade calcium hydroxide in the forecast perioḍ.
Key Market Players
The major players in the market are Carmeuse Americas, Graymont Limited, Lhoist Group, NAGASE Specialty Materials NA LLC, Hydrite Chemical Co., and GFS Chemicals, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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