logo

Calcium Oxide Market Size (2024 - 2029)

The calcium oxide market is projected to experience growth over the forecast period, driven by increasing demand from the steel industry, where it is used as a purifying agent in steel-making processes. Despite the market's recovery from the COVID-19 impact, health hazards associated with calcium oxide, such as severe irritation and potential combustion risks, necessitate stringent regulatory compliance, which could pose challenges. Additionally, the expanding biofuel sector presents opportunities for market expansion, particularly in its application as a catalyst in biodiesel production.

Home Market Analysis Chemicals & Materials Research Construction Chemicals and Materials Research Building Materials Research Calcium Oxide Research Calcium Oxide Market Market Size

Market Size of Calcium Oxide Industry

Calcium Oxide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.86 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

Calcium Oxide Market Analysis

The Calcium Oxide Market size is expected to grow from 51.89 million metric tons in 2023 to 65.78 million metric tons by 2028, at a CAGR of 4.86% during the forecast period (2023-2028).

The studied market was negatively impacted by the outbreak of COVID-19 in the year 2020. However, in 2021 and 2022, the market showed signs of recovery.

  • Demand from the steel industry is empowering the demand for lime in the market. Emerging use for lime in electric arc furnaces, AOD converters, and refining ladles is driving the demand for calcium oxide in steel-making. Steel-making uses it as a purifying agent to eliminate impurities and remove sulfur and phosphorus.
  • Calcium Oxide includes a hazardous impact on health. It reacts vigorously with water, leading to severe irritation when inhaled or in contact with the skin and eyes. Moreover, in extreme cases, quicklime exposure can cause abdominal pain, vomiting, and nausea. When reacted with water, it can release enough heat to ignite combustible materials. Hence, their production needs to be carefully observed and conform to various environmental regulations, which may act as a restraining factor in the market.
  • Growing demand for the biofuel industry is expected to provide an opportunity for the market for calcium oxide. It is expected to impact the increase in the usage of calcium oxide as a solid heterogeneous catalyst for the preparation of biodiesel from palm oil.

Calcium Oxide Industry Segmentation

Calcium Oxide, also known as Quicklime, consists primarily of calcium and magnesium oxides. Quicklime is available in several sizes - ranging from lump and pebble lime to granular and pulverized lime. The calcium oxide market is segmented by end-user industry and geography. By end-user industry, the market is segmented into metallurgical, construction, fertilizer and chemicals, pulp and paper, refractory, and other end-user industries. The report also covers the market size and forecasts for the calcium oxide market in 15 countries across major regions. The report offers market size and forecasts for the calcium oxide market in volume (tons) for all the above segments.

End-user Industry
Metallurgical
Construction
Fertilizer and Chemicals
Pulp and Paper
Refractory
Other End-user Industries (Rubber, Food and Beverages, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Calcium Oxide Market Size Summary

The calcium oxide market is poised for significant growth, driven by its essential role in various industrial applications, particularly in the steel and metallurgical sectors. The demand for calcium oxide is bolstered by its use as a purifying agent in steel-making processes, where it helps eliminate impurities and enhance the quality of metals. The market is also witnessing increased interest from the biofuel industry, where calcium oxide serves as a catalyst in biodiesel production. Despite its hazardous nature and the need for stringent regulatory compliance, the versatility of calcium oxide in reacting with silicates and other materials makes it indispensable in numerous industrial processes. The construction sector further contributes to market expansion, with calcium oxide being utilized in masonry systems, plaster, and asphalt, particularly in regions like North America and Asia-Pacific.

Regionally, North America is expected to dominate the global calcium oxide market, with the United States playing a pivotal role due to its robust steel production and construction industries. The United States' metallurgical industry is a major consumer of calcium oxide, using it extensively in iron and steel furnaces. The construction sector in the U.S. and Mexico also presents substantial opportunities for market growth, driven by urbanization and government investments in infrastructure. The market is characterized by fragmentation, with key players like Carmeuse, Graymont, Lhoist, Mississippi Lime, and Minerals Technologies actively shaping the competitive landscape. Recent strategic moves, such as Graymont's investment in Australia and Mississippi Lime's certification for food-grade operations, highlight the dynamic nature of the market and the ongoing efforts to meet diverse industrial demands.

Explore More

Calcium Oxide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Steel Production Across the World

      2. 1.1.2 Growing Construction and Infrastructural Developments

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Production Hampering the Production of Calcium Oxide

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 End-user Industry

      1. 2.1.1 Metallurgical

      2. 2.1.2 Construction

      3. 2.1.3 Fertilizer and Chemicals

      4. 2.1.4 Pulp and Paper

      5. 2.1.5 Refractory

      6. 2.1.6 Other End-user Industries (Rubber, Food and Beverages, etc.)

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Mexico

        3. 2.2.2.3 Canada

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Calcium Oxide Market Size FAQs

The Calcium Oxide Market is projected to register a CAGR of 4.86% during the forecast period (2024-2029)

Graymont Limited, Carmeuse, Lhoist, Minerals Technologies Inc. and Mississippi Lime are the major companies operating in the Calcium Oxide Market.

Calcium Oxide Market Report Snapshots

Calcium Oxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)