Lime Market Share and Size: An Insightful Forecast
The global lime market has witnessed robust growth and transformation, with key drivers and trends shaping its trajectory in recent years. According to recent market insights, the lime market was estimated to be valued at USD 43.9 billion in 2021, and it is expected to maintain a Compound Annual Growth Rate (CAGR) of 5.9% over the upcoming years.
Rising Demand in Infrastructure Development
One of the primary factors fueling the growth of the lime market is the surging demand in infrastructure development worldwide. The mineral ores refinement process during mining operations often leads to sludge effluents being discharged into water sources. Lime, used as a reagent in effluent treatment procedures, plays a crucial role in ensuring proper water treatment, thereby creating profitable growt...