Calcium Oxide Market

Calcium Oxide Market Snapshot

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 Mn in 2022 and is all set to expand with a CAGR of 5.3% during the 2022–2032 period. By the end of the forecast period, the market is expected to reach a peak valuation of US $7,661 Mn.

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, helps to regulate pH levels, decrease odour and bacteria and pathogens are prevented from proliferating in the environment by calcium oxide. To make bleaching powder, it 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.

Historical (2017-21) Vs. Forecast (2022-32) Market Outlook

Over the period of time covered by the study (2017-2021), 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.

Market Dynamics

Calcium Oxide Has Shown to be Profitable in the Construction Industry

While Calcium Oxide appears to have a place in nearly every industry, it stands out in construction industry. Calcium oxide is a crucial component for the process of making cement. Buildings are constructed using calcium oxide, a flexible material. In the construction sector, where it is utilised 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 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 to eradicate sulphur and phosphorus.

Additionally, 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 the market growth. Further, lowering noise, air and water pollution are chief concerns for the manufacturers of calcium oxide.

Nikhil Kaitwade

Principal Consultant

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Category-Wise Insights

What is Calcium Oxide Metal Market Outlook by End-Use?

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, chemical, 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.

Region-Wise Insights

How is North America faring in the global Calcium Oxide Materials market?

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 US and Canada market. According to Trading Economics, the United States exports of paper and paperboard, articles of pulp, paper and board was nearly US$ 16.2 Billion during 2021.

The United States is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical R&D. 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.

What are the future prospects for the Calcium Oxide materials market in the Asia-Pacific region?

In the upcoming years, the calcium oxide market is projected to expand at the fastest rate in Asia Pacific. The principal foundation of this is the upsurge in demand for Portland cement in the emerging Asian countries such as China, Indonesia, India, Malaysia, and Thailand.

Additionally, 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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Competitive Landscape

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,

• In February 2019, Kentucky-based Yager Materials was acquired by Carmeuse Lime & Stone for expansion of their business.
• In January 2018, Hydrite Chemical Co. purchased Organic Defoamer Group (ODG) in order to improve service to its clients in a variety of sectors, including water treatment, mining, fermentation, grain processing, sugar, and food products.

Similar developments have been tracked by Future Market Insights in its latest market study.

Scope Of The Report

Market Segmentation

By Application:

• Cement and concrete blocks
• Steel slag
• Glass
• Organic Chemicals
• Food Additive
• Others

By End Use:

• Construction
• Agriculture
• Food Industry
• Chemical Industry
• Mining
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia Pacific
• East Asia
• Middle East & Africa