Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The "Calcium Oxide Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering.
The calcium oxide market is expected to grow at a CAGR of 4.68% during the forecast period (2024-2029)
Calcium Oxide (CaO) business focuses on the buying and selling of calcium oxide worldwide, otherwise known as quicklime. Calcium oxide is a versatile substance that appears white and crystalline and is alkaline in nature. It is mainly obtained from the calcination of limestone or seashells at a temperature that is in excess of eight hundred degrees Celsius. It is versatile, meaning that it can be used in different fields. CaO is used cordially in the construction industry; it plays an important role in the cement industry.
It is also used to produce bricks, plaster, mortar, and other construction materials. The steel and welding sector, which also comes under metals, is another principal customer where calcium oxide is utilized to help remove impurities and desulphurization during the metallic manufacturing process. CaO also has other uses in the metallurgy of other metals such as copper, lead, zinc, silver, nickel, gold, and uranium.
Besides the construction and metallurgy industries, calcium oxide is applied in agriculture to alter the pH of the soil and in water treatment to remove impurities and soften the water. There are household uses, too; for instance, it is manufactured and used in the production of bleaching powder and an acid neutralizer
Calcium oxide market findings also include that construction is among the leading industries that are boosting market growth. CaO, also called quick lime, is widely used in cement production and construction of buildings, roads, and other structures. The applications of construction materials are a hot requirement in the demand for housing and commercial spaces, especially in the growth markets. Calcium oxide in cement and concrete blocks results in good strength, durability, and enhanced resistance to weathering during construction projects.
Population growth in developing countries is another factor that impacts the increase in the construction sector as the degree of urbanization and industrialization improves. Thus, the authorities of these nations use various ways to fund infrastructural development for economic growth. For instance, the Indian government has released many policies to encourage the construction of housing and infrastructure; laterally, it will promote the market demand for calcium oxide shortly. Likewise, China's Belt and Road project is anticipated to develop construction openings that shall, in turn, enhance the need for calcium oxide.
The metallurgical industry is also among the key global drivers of the demand for calcium oxide in the market. Cao is employed as a flux that helps in the removal of impurities as well as for desulfurization during the processing of metals. The highest demand for steel and other metals was the primary reason for the increase in the demand for high-quality calcium oxide. Its absorption is high, especially in steel industries, since it is used in the manufacture of quality steel.
There are many factors that affect the growth of the Metallurgical industries. To begin with, the market of steel products is expanding in all spheres of human life, including construction, the automotive industry, and manufacturing, and thus, the need for better quality steel. Secondly, the increased usage of new technologies in steel construction, for instance, electric arc furnaces and continuous casting, is also propelling the calcium oxide market growth. These technologies use calcium oxide of high quality to produce steel in efficient and high quality manners.
The agriculture and food industries are also considered as the main growth factors for the Calcium Oxide market. In soil treatment, calcium oxide serves an important role in moderating the PH level, which is essential in plant growth. It is also used in water treatment for purification and softening purposes, which is important in providing clean drinking water. It is also used as a food additive to enhance the texture and taste of some foods. The increase in the agriculture and food industry is due to various factors and or causes.
First of all, the constantly growing population of the planet and the necessity to provide each person with quality food due to the growth of vital activity demand high-quality agricultural products. It is a good medium for improving and ensuring the quality of our soil to support agricultural activities and, hence, sustainability. Secondly, advancement in the knowledge of food hygiene and the desire to have high-quality food products are some of the factors that have put calcium oxide in high demand as a food supplement. It is used in the processing of foods and helps in the production of foods of high quality and meet the required standards.
Asia Pacific will dominate the calcium oxide market during the forecast period.
The Asia-Pacific area is set to lead the Calcium Oxide market due to many factors that help it grow. This region is quickly growing in its industries, especially in countries like China and India. This growth comes from a bigger need for steel, cement, and other industrial items. The calcium oxide market is closely linked to these areas, as it is a key part of making cement and steel. The fast growth of industries in Asia-Pacific is thus pushing up the need for calcium oxide, making it the biggest user of this chemical.
The building area is a big push for the calcium oxide market in Asia-Pacific. This region is seeing a lot of building work, mainly in cities, to keep up with the need for homes and workplaces. Calcium deliver is key in making cement and concrete blocks, the main stuff used in building. The rise in building work in Asia-Pacific is making more need for calcium deliver. The steel sector also uses a lot of calcium in Asia-Pacific.
This area has some of the top steel makers in the world, including China and Japan. The increasing demand for steel in various sectors, such as construction, automotive, and manufacturing, drives the need for high-quality steel production. Calcium oxide is used as a fluxing agent to remove impurities and for desulfurization during steel production, making it an essential component in the steel industry.
Governments in Asia-Pacific are putting a lot of money into building things to help their economies grow. Big projects like China's Belt and Road and India's Make in India are making more people want calcium oxide. These projects will likely open many chances for the calcium oxide market in the area. Rising countries in Asia-Pacific, like Indonesia and Vietnam, are also adding to this growth. These places are quickly becoming more urban and industrial, which means more need for building stuff and industrial goods. The calcium oxide market is expected to benefit from these regional economic growth trends.
In conclusion, the Asia-Pacific region is expected to dominate the Calcium Oxide market due to its rapid industrial development, increasing construction activities, growing steel production, government initiatives, and the economic growth of emerging economies. These factors collectively contribute to the significant demand for calcium oxide in the region, making it the largest consumer of this compound.
Market Dynamics
Market Drivers
- Increasing Steel Production Across the World
- Growing Construction and Infrastructural Developments
Market Restraints
- Stringent Environmental Production Hampering the Production of Calcium Oxide
Porter's Five Forces Analysis
Industry Value Chain Analysis
Companies Featured
- Carmeuse
- Graymont Limited
- Lhoist
- Mississippi Lime
- Minerals Technologies Inc.
- CAO Industries Sdn Bhd
- AKJ Minchem Private Limited
- Sigma Minerals Ltd
- Astrra Chemicals
- Kemipex
- Sibelco
- American Elements
- Graymont Limited
- American Elements
- CAO Industries Sdn Bhd
- Mississippi Lime
Market Segmentation
By End-User Industry
- Metallurgical
- Construction
- Fertilizer and Chemicals
- Pulp and Paper
- Refractory
- Other End-user Industries (Rubber, Food and Beverages, etc.)
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Saudi Arabia
- United Arab Emirates
- Rest of the Middle East and Africa
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
For more information about this report visit https://www.researchandmarkets.com/r/xuuoj5
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