The lime market share in Africa is expected to increase by 436.36 thousand units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.71%.
This lime market in Africa research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the lime market in Africa segmentation by product (hydrated lime, quicklime, and others) and distribution channel (offline and online). The lime market in Africa report also offers information on several market vendors, including AFRILIME, Afrimat Ltd., Bontebok Limeworks Pty Ltd., GYPSOIL, Idwala Industrial Holdings (Pty) Ltd., Limeco, Omya International AG, Oyana Lime, SA Lime and Gypsum Pty Ltd., and Zohdy Minerals and Trading Supplies among others.
What will the Lime Market Size in Africa be During the Forecast Period?
Download the Free Report Sample to Unlock the Lime Market Size in Africa for the Forecast Period and Other Important Statistics
Lime Market in Africa: Key Drivers, Trends, and Challenges
The increased adoption of lightweight machinery across industries is notably driving the lime market growth in Africa, although factors such as health hazards associated with hydrated lime may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lime industry in Africa. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Lime Market Driver in Africa
One of the key factors driving the lime market growth in Africa is the increased adoption of lightweight machinery in industries such as automotive, construction equipment, and industrial machinery. Industries are opting for lightweight materials, such as high-strength steel, aluminum, and magnesium alloys, to reduce the weight of automobiles and related components and thereby lower overall fuel consumption. Manufacturers now prefer aluminum due to its recyclability and resistance to corrosion. Furthermore, aluminum leaves a smaller carbon footprint and helps reduce the energy and fuel consumption of manufacturing machinery. Quicklime is a major raw material used in the extraction of aluminum and copper from their respective ores. Thus, the growing adoption of lightweight machinery in the manufacturing sector is expected to support the growth of the lime market in Africa during the forecast period.
Key Lime Market Trend in Africa
Another key factor driving the lime market growth in Africa is the rising popularity of alkaline-based papermaking. Hydrated lime finds high application in alkaline-based papermaking, especially for causticization. Growing concerns over environmental pollution in the last few decades have resulted in the revival of alkaline-based papermaking as it offers improved energy efficiency and minimizes the carbon footprint through secondary fiber recycling as well as reduced water consumption in the papermaking process. Key vendors such as Mineral Technologies are developing high filler technologies to minimize fiber consumption in alkaline-based paper manufacturing. Such factors are expected to increase the demand for lime, which will support the growth of the lime market in Africa during the forecast period.
Key Lime Market Challenge in Africa
One of the key challenges to the lime market growth in Africa is the health hazards associated with hydrated lime that is widely used in several industries, such as food and beverage and paper. However, the Material Safety Data Sheet (MSDS) for hydrated lime holds a rating of 1-3, indicating its hazardous nature. Overexposure to hydrated lime may cause serious damage to the skin, eyes, and lungs. Moreover, accidental ingestion of hydrated lime can cause severe throat and body pain, vomiting, blood in the stool, and a rapid decrease in blood pressure. Thus, the storage equipment used during the production and transportation of the material should offer adequate safety, which increases the overall production costs that is expected to limit its application in key end-user industries during the forecast period.
This lime market in Africa analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the lime market in Africa as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lime market in Africa during the forecast period.
Who are the Major Lime Market Vendors in Africa?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AFRILIME
- Afrimat Ltd.
- Bontebok Limeworks Pty Ltd.
- GYPSOIL
- Idwala Industrial Holdings (Pty) Ltd.
- Limeco
- Omya International AG
- Oyana Lime
- SA Lime and Gypsum Pty Ltd.
- Zohdy Minerals and Trading Supplies
This statistical study of the lime market in Africa encompasses successful business strategies deployed by the key vendors. The lime market in Africa is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
-
Limeco - The company offers lime products for agriculture products.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lime market in Africa forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Lime Market in Africa Value Chain Analysis
Our report provides extensive information on the value chain analysis for the lime market in Africa, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global construction materials market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Lime Market in Africa?
To gain further insights on the market contribution of various segments Request for a FREE sample
The lime market share growth in Africa by the hydrated lime segment will be significant during the forecast period. The market segment is primarily driven by the rapid growth in wastewater treatment infrastructure where it is used as a primary ingredient. Moreover, the segment is expected to grow steadily during the forecast period due to the increasing use of hydrated lime in the agriculture sector, production of sugar from sugar cane and other products, especially in emerging economies in Africa.
This report provides an accurate prediction of the contribution of all the segments to the growth of the lime market size in Africa and actionable market insights on post COVID-19 impact on each segment.
|
Lime Market Scope in Africa |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.71% |
|
Market growth 2022-2026 |
436.36 th units |
|
Market structure |
Concentrated |
|
YoY growth (%) |
8.11 |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
AFRILIME, Afrimat Ltd., Bontebok Limeworks Pty Ltd., GYPSOIL, Idwala Industrial Holdings (Pty) Ltd., Limeco, Omya International AG, Oyana Lime, SA Lime and Gypsum Pty Ltd., and Zohdy Minerals and Trading Supplies |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Lime Market in Africa Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive lime market growth in Africa during the next five years
- Precise estimation of the lime market size in Africa and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the lime industry in Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of lime market vendors in Africa
We can help! Our analysts can customize this report to meet your requirements. Get in touch