Calcium Oxide Market Size, Share, Opportunities, And Trends By Application (Glass, Food Additive, Steel Slag, Organic Chemicals, Cement And Concrete Blocks, Others), By End-Use Industry (Construction, Agriculture, Mining, Chemical Industry, Food Industry, Others), And By Geography - Forecasts From 2023 To 2028

Calcium oxide, also known as quicklime, is a chemical compound that is widely used in various industries due to its versatile properties. One of the major drivers of the calcium oxide market is the increasing demand for quicklime in the construction industry. Quicklime is used as a key component in construction materials such as cement, concrete, and mortar. Its ability to react with water and other substances makes it an essential ingredient in construction, especially in projects that require high strength and durability. With the construction industry witnessing significant growth worldwide, the demand for quicklime is expected to increase, which will drive the growth of the calcium oxide market.

The growth of the steel industry is also driving the calcium oxide market. Calcium oxide is used as a fluxing agent in steelmaking, which helps remove impurities and produce high-quality steel. As the demand for steel continues to grow, particularly in emerging economies, the calcium oxide market is expected to experience considerable growth. Furthermore, the rising demand for agricultural lime in the agriculture industry is also driving the growth of the calcium oxide market. Agricultural lime, which is a form of calcium oxide, is used to neutralize acidic soils and enhance crop growth. With the global population expected to reach 9.7 billion by 2050, the demand for agricultural products is expected to increase, which will further drive the growth of the calcium oxide market.

Key Drivers

• Rising demand for quicklime in the construction industry

Quicklime is extensively used in the construction industry as a construction material due to its ability to bind with sand and cement to form a durable and strong structure. It is also used in the production of autoclaved aerated concrete, a lightweight and energy-efficient building material. The increasing demand for new construction projects and renovation of existing structures is driving the growth of the calcium oxide market. For instance, the Indian government's infrastructure development plan, "Smart City Mission," is expected to boost the demand for construction materials, including quicklime.

• Growth in the steel industry

Calcium oxide is used in the steel industry as a fluxing agent to remove impurities from steel and improve its quality. The steel industry is growing at a significant rate, driven by increasing demand for steel in various applications, such as construction, automobiles, and appliances. The growth of the steel industry is expected to drive the demand for calcium oxide in the forecast period.

• Rising demand for agricultural lime in the agriculture industry

Calcium oxide is used as agricultural lime to neutralize acidic soils and improve soil fertility. The agriculture industry is witnessing significant growth, driven by increasing demand for food due to the growing population and changing dietary habits. The rising demand for agricultural lime in the agriculture industry is driving the growth of the calcium oxide market. For instance, the Indian government's "Soil Health Card Scheme" is expected to boost the demand for agricultural lime, including calcium oxide.

Key Developments

• In June 2022, Carmeuse, a leading producer of high-calcium and dolomitic lime, announced the acquisition of the Wisconsin-based lime business of Graymont, a leading supplier of lime and limestone products. The acquisition is expected to strengthen Carmeuse's position in the North American market for calcium oxide and expand its product portfolio.

• In September 2021, Lhoist Group, a leading producer of lime, announced the acquisition of the lime and limestone business of Mississippi Lime, a leading supplier of calcium-based products. The acquisition is expected to expand Lhoist's product portfolio and strengthen its position in the North American market for calcium oxide.

• In January 2021, Mississippi Lime, a leading supplier of calcium-based products, announced the expansion of its Ste. Genevieve plant in Missouri, which produces high-calcium quicklime. The expansion is expected to increase the plant's production capacity by 50%, catering to the rising demand for quicklime in the construction and steel industries.

Asia-Pacific to show higher growth

In the forecast period, the Asia-Pacific (APAC) region is expected to experience the most significant growth in the calcium oxide market. This can be attributed to the presence of some of the world's fastest-growing economies, such as China and India, which are currently witnessing a significant boom in the construction and agriculture industries. The construction and agriculture industries' growth in the region is fueling the demand for construction materials and agricultural lime, thereby driving the calcium oxide market's growth. For instance, China is currently the leading producer and consumer of steel worldwide, and the escalating demand for steel is propelling the calcium oxide demand in the country as calcium oxide is used as a fluxing agent in the manufacturing of steel. India is the world's second-largest steel producer and is also experiencing considerable growth in the construction industry, which is also driving the demand for calcium oxide in the country. Together the growing steel market in these countries is highly influencing the growth of the calcium oxide market.

Segmentation

• BY APPLICATION
  • Glass
  • Food additive
  • Steel slag
  • Organic chemicals
  • Cement and Concrete blocks
  • Others
• BY END-USER INDUSTRY
  • Construction
  • Agriculture
  • Mining
  • Chemical Industry
  • Food Industry
  • Others
• BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others