Global Lime Market is estimated to be US$ 55.82 billion by 2030 with a CAGR of 2.8% during the forecast period

Other1 years ago

Source: Global Lime Market is estimated to be US$ 55.82 billion by 2030 with a CAGR of 2.8% during the forecast period

The increase in urbanization is the primary driver of the global Lime market growth. Lime is a limestone-based commodity mineral with a high volume and low cost. According to figures given by the United Nations Organization in 2014, around 70% of the world's population is anticipated to reside in cities by 2050. Over the projection period, however, the growing prominence of lime alternatives such as limestone and magnesium hydroxide calcined gypsum is likely to stifle global lime market growth.

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