Australia Lime Market Growth Accelerated By Expansion Of Construction Industry

Australia Lime Market
 

 Lime is an important chemical which is commonly used in the construction industry. It is used to make mortar for bonding bricks and stones during construction. Lime is also used in the process of whitewashing and to make plasters. Over the past few years, the construction industry in Australia has witnessed steady growth on account of increasing residential and commercial construction activities. This growth in the construction industry has propelled the demand for lime in Australia for various construction applications. The global Australia Lime Market is estimated to be valued at US$ 353.19 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The increasing demand from the construction industry is one of the major factors driving the growth of the Australia lime market. Over the past decade, Australia has witnessed strong growth in urbanization and infrastructure development which has boosted residential and commercial construction activities in the country. Lime is a vital ingredient in cement and is widely used to make concrete and mortar during construction. Moreover, renovations and repairs in the existing buildings also contribute to the rising consumption of lime. The growing construction industry has continued to accelerate the demand for lime across Australia over the forecast period.

Segment Analysis
The Australia lime market is dominated by quicklime segment which held around 60% market share in 2024. Quicklime finds wide usage in construction industry for cement manufacturing, agriculture sector for soil treatment, and water treatment plants. It has high demand due to its properties such as high reactivity with water, self-slaking behavior, and high neutralizing power.

Key Takeaways
The global Australia lime market analysis is expected to witness high growth.

Regional analysis:

 Australia market will grow at a CAGR of 9.4% during the forecast period owing to rise in construction activities and growth in agriculture industry.

Key players

operating in the Australia lime market are Senseonics, Medisana AG, Acon Laboratories Inc., Bionime Corporation, AgaMatrix Inc., Ascensia Diabetes Care, ARKRAY Inc., Medtronic PLC, DexCom Inc., LifeScan Inc., Roche Diagnostics, Abbott Diabetes Care, Trivida Functional Medicine, and Rossmax International Ltd., among others.

Get more insights on this topic: https://www.newswirestats.com/australia-lime-market-industry-insights-trends-australia-lime-market

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