According to the latest market survey conducted by Future Market Insights, the global Calcium Oxide market is relishing a market valuation of US$ 4,573.4 Million in 2022 and is all set to expand with a CAGR of 5.3% during the 2022 to 2032 period. By the end of the forecast period, the market is expected to reach a peak valuation of US $7,661 Million.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 4,573.4 Million |
| Market Size 2032 | US$ 7,665.1 Million |
| Value CAGR (2022 to 2032) | 5.3 % |
| Collective Value Share: Top 3 Countries (2022E) | 45% to 50% |
The market for Calcium Oxide is quiet emerging and open to new entrants. It is estimated that Calcium Oxide will account for around 10%-12% of the global metal oxide market.
The widespread usage of Calcium Oxide across heavy industry applications is a major contributor to the market's expansion. Calcium Oxide, commonly known as quicklime, is an alkaline, white crystalline substance that is produced by calcining in a lime kiln. Considering the stupendous growth in the steel and cement industries, the global demand for calcium oxide is projected to grow.
Animal dung may be treated economically with calcium oxide, which helps to regulate pH levels, and decrease odour and bacteria and pathogens are prevented from proliferating in the environment by calcium oxide. To make bleaching powder is obtained by decarbonizing lime springs. It uses as Acid neutralizers like calcium oxide are used to treat acidic soil and keep it that way.
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Over the period of time covered by the study (2017 to 2021), the stupendous growth in the steel and cement industries, the global demand for calcium oxide is anticipated to grow. The market for Calcium Oxide was recorded to propagate at a phenomenal CAGR of 4.8% between 2017 and 2021, mostly due to the escalating significant growth in commercial and residential construction globally.
Whereas, as per the latest survey conducted by FMI, the Calcium Oxide market is expected to progress at a CAGR of 5.3% between 2022 and 2032. High demand exists for calcium oxide as a result of the intensifying use of calcium oxide in a variety of sectors and the growing need for calcium oxide products.
Calcium Oxide Has been Shown to be Profitable in the Construction Industry
While Calcium Oxide appears to have a place in nearly every industry, it stands out in the construction industry. Calcium oxide is a crucial component in the process of making cement. Buildings are constructed using calcium oxide, a flexible material. In the construction sector, where it is utilized to create bricks, plaster, mortar, stucco, and other building materials. It is a type of mortar that may be utilized in the construction of masonry systems.
Calcium oxide is a component of both indoor and outdoor plaster systems. Calcium oxide is a substance that may be added to asphalt to increase cohesiveness, lessen stripping, and slow down aging. Along with this, there has been an upward trend in renovation projects in developed countries, which is adding value to the further growth of the construction industry.
Calcium Oxide Has Proven to Be Economical in the Metal Manufacturing Industry
Calcium oxide is used as a clinker agent in the production of metals to liberate impurities from metallic components. Calcium oxide demand in steelmaking is being driven by lime's emergent use in electric arc furnaces, AOD converters, and refining ladles.
Calcium oxide attends to a variety of purposes in the metallurgical industry as a corrosion preventive and acid neutralizer. It is used in steelmaking as a purifying agent to eliminate impurities and eradicate sulphur and phosphorus.
Calcium oxide is used in the production of copper, lead, zinc, silver, nickel, gold, uranium, and other metals to separate impurities by the flotation of different metal salts. Demand from the steel industry is permitting the demand intended for lime in the market.
Challenge Faced by the Calcium Oxide Industry: Stringent environmental regulations
The extraction of calcium oxide triggers pollution, causing harm to the environment combined with the population involved in manufacturing units. Besides, it causes severe irritation and various health problems such as brittle nails, thickened skin, and skin cracking, which are among the side effects of calcium oxide. Calcium oxide may cause pulmonary irritation. With repeated exposure, bronchitis with coughing, phlegm, and/or shortness of breath may occur.
Hence, governments are imposing stringent environmental regulations against the production of calcium oxide, thereby expected to hamper market growth. Further, lowering noise, and air, and water pollution are chief concerns for the manufacturers of calcium oxide.
Principal Consultant
In 2022, the construction sector dominated the market and generated the majority of global revenue. Petroleum, building and construction, steel, soda ash, refractories, bio-fuel, paper, and pulp, chemicals, among others, are additional end-uses.
A significant portion of the growth of metal calcium oxide is anticipated to come from the end users in the metallurgy, construction, and paper & pulp industries over the course of the forecast period as a result of these industries' active consumption of calcium oxide.
From 2022 to 2032, the steel industry market is projected to grow at the highest CAGR among all end-uses of calcium oxide metals. Calcium oxide serves as an important flux in the manufacturing of steel and is crucial to the series of metallurgical processes that occur in a converter.
In the process of manufacturing steel, lime is primarily utilised to create slag, which removes these dangerous substances from the liquid bath and improves the quality of the liquid steel. These capabilities are expected to significantly contribute to the development of the steel manufacturing sector.
North America leads the calcium oxide metal market, holding the majority of shares in global revenue in 2022, As a result of the region's mass increase in construction and infrastructure development, it is expected to boost the consumption of polymers and concrete, thereby driving the demand for calcium oxide.
Growth in the pulp and paper industry in the North American region is potential and could offer lucrative growth opportunities to the USA and Canadian markets. According to Trading Economics, the USA exports of paper and paperboard, articles of pulp, paper, and board were nearly US$ 16.2 Billion in 2021.
The USA is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical Research and Development. Calcium oxide is extensively used in the manufacturing of medicines and pesticides. Owing to alkali being available in affordable amounts, calcium oxide is one of the vital ingredients in manufacturing caustic soda.
In the upcoming years, the calcium oxide market is projected to expand at the fastest rate in the Asia Pacific. The principal foundation of this is the upsurge in demand for Portland cement in emerging Asian countries such as China, Indonesia, India, Malaysia, and Thailand.
The infrastructure and residential and commercial building sectors have seen recent significant expansion in nations including Brazil, Argentina, South Africa, Saudi Arabia, Egypt, and Israel. China contributes the most to the consumption and production of calcium oxide worldwide. In terms of consumption, the Asia Pacific region was followed by Europe.
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Prominent manufacturers are considering investing in research and development to explore the growth prospective in several end-use industries. Likewise, calcium oxide is an inexpensive component and easily available anywhere.
To increase their global footprint and better position themselves to take advantage of the escalating market opportunity, some major companies in the market are engaging in mergers and acquisitions, and new entrants to the sector are also doing the same.
For Instance,
Similar developments have been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | End-use industries, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Companies Profiled | American Elements; Calchem; CAO Industries Sdn Bhd; Graymont; Heidelberg Cement Group; Lafarge Tarmac; Lhoist; Merck KGaA; Mississippi Lime Company; Omya UK Chemicals; Innovo Chemicals; Pratham Starchem Pvt. Ltd.; The Dow Chemical Company; Hangzhou Wenjian Calcium Industry Co., Ltd; Carmeuse; Nordkalk; Pete Lien and Sons; Valley Minerals; Imerys; Northern Cement; Martin Marietta; Covia; Exmouth Limestone; Shousteel Lujiashan; Huangshi Xinye Calcium |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global Calcium Oxide Metal market reached over US$ 4,573.4 Million
During the forecast period, the global Calcium Oxide Metal market is estimated to expand at a CAGR of 5.3% during 2022-2032.
The global Calcium Oxide Metal market is projected to reach US$ 7,665.1 Million by the end of 2032.
The key players operating in the Calcium Oxide market are American Elements, Calchem, CAO Industries Sdn Bhd, Graymont, Heidelberg Cement Group, Lafarge Tarmac, Lhoist, Merck KGaA, Mississippi Lime Company, Omya UK Chemicals, Innovo Chemicals, Pratham Starchem Pvt. Ltd., The Dow Chemical Company, Hangzhou Wenjian Calcium Industry Co., Ltd, Carmeuse, Nordkalk, and various others.
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Calcium Oxide Market
