Scienza e Tecnologia
Widespread Use of Lime among Plethora of Applications to Lay Red Carpet of Growth across Lime Market from 2019 to 2027: TMR
ALBANY, N.Y. , Oct. 26, 2020 /PRNewswire/ -- Lime is a chemical derived from calcium carbonate rocks such as dolomite and limestone. Lime is used as a chemical reagent in producing several compounds, namely sodium alkali, petrochemicals, calcium carbide, magnesia, propylene glycol glycerin, citric acid, etc.
The universal application of lime across varied industries and sectors other than the construction sector may prove a prominent growth generator for the lime market during the forecast period of 2019-2027. The growing public and private investments in construction and infrastructure may invite great growth opportunities for the lime market.
A detailed analysis has been conducted on the lime market by the researchers at Transparency Market Research (TMR). After a scrutinized study on all the factors, the TMR researchers predict the global lime market to expand at a CAGR of ~6 percent during the assessment period of 2019-2027. The global lime market is expected to surpass a value of US$ 65.4 bn by 2027.
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The analysts at Transparency Market Research highlight the rising influence of the lime market in Asia Pacific . Increase in construction activities across China , India , Indonesia , and Malaysia bring a large chunk of growth to the lime market. Furthermore, the adoption of lime in metallurgical applications may invite tremendous growth opportunities for the lime market, according to the analysts.
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The utilization of lime as an anti-stripping agent and binding agent in the building and construction industry may bring expansive growth prospects for the lime market.
Though lime is used extensively across various applications, cheaper substitutes are available. Gypsum, limestone, and calcined gypsum are effective and cheaper alternatives to lime. Therefore, this aspect may hinder the growth of the lime market to a certain extent. Limestone is also available at a much lower rate when compared to lime. Therefore, this factor may serve as a growth restraint for the lime market.
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Chemicals and Materials
Metallurgical Coke Market - Metallurgical coke is supposedly heralded as an innovation in the smelting industry, since it reduced dependence on wood and paved way to advancements in furnace capacities. The sales in the metallurgical coke market have thrived due to the application of this in the steel industry. Still, genuine concerns of harmful byproducts of the coke-production process such as COWW has kept producers of metallurgical coke increasingly cautious. This caused them to implement stringent wastewater-discharge standards. Rapid expansion of the steel industry is a key pivot for the evolution of the metallurgical coke market. Over the past two decades, remarkable advancements have been made in coke-producing methods, opening new avenues for players in the value chain.
HEA, HPA, HEMA, & HPMA Market - In terms of volume, the global HEA, HPA, HEMA, & HPMA market is anticipated to expand at a CAGR of ~3% from 2020 to 2030. The rise in usage of water-based coatings in architecture and construction industries across the globe is expected to boost the global HEA, HPA, HEMA, & HPMA market during the forecast period. The paints & coatings industry is shifting toward the use of low VOC and environment-friendly technologies such as water-based coatings and powder coatings. Water-based coatings are also odorless compared to solvent-based coatings. Thus, water-based coatings are preferred over solvent-based coatings. The rise in urbanization in emerging regions such as Asia Pacific and Latin America has led to the expansion of the construction industry. The construction industry is a major consumer of adhesives.
Tetraacetylethylenediamine [TAED] Market - In terms of value, the global tetraacetylethylenediamine (TAED) market is anticipated to expand at a CAGR of ~3% from 2020 to 2030. The growth of the population and considerable increase in disposable income of consumers, primarily in developing economies, have augmented the demand for efficient detergents. This, in turn, has boosted the demand for TAED across the globe. The rise in penetration of washing machines has positively impacted the demand for laundry detergents. Furthermore, increase in usage of household cleaners, primarily in developing countries, is anticipated to drive the demand for detergents, thereby boosting the demand for TAED that is used in them.
Decorative Glass Market - In terms of value, the global decorative glass market is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Decorative glass is often used in interiors of hotels, restaurants, and homes. Decorative glass is also employed in decorative floors, fountains & waterfalls, walls, glass skylights, suspended glass ceilings, decorative windows, and glass dividers. The application of decorative glass in the residential sector helps create a comfortable and safe living space. Thus, decorative glass is often used to cut down on heat and glare, filter out external noise, increase natural lighting, provide security, or improve décor. It is employed in various residential applications, including doors, windows, partitions, shelves, cabinets, staircases, and balconies.
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