United States/WA: The Australia lime market is estimated to exhibit a CAGR of 1.7% during the forecast period (2019 to 2027). Report Pages:[100 Pages] Increasing demand for wastewater treatment in Australia is expected to drive growth of the global Australia lime market. Rising urbanization and population in Australia has increased the demand for wastewater treatment […]
Australia's Lime Market Thrives with New Partnership for Water-Resistant Bags
United States/WA: The Australia lime market is estimated to exhibit a CAGR of 1.7% during the forecast period (2019 to 2027).
Report Pages:[100 Pages]
Increasing demand for wastewater treatment in Australia is expected to drive growth of the global Australia lime market. Rising urbanization and population in Australia has increased the demand for wastewater treatment over the years. According to the Department of Environment and Science, Queensland Government, Australia, domestic households produce around 200 liters to 300 liters of wastewater per person per day. According to the same source, around 99% of wastewater is water, while the remaining is contaminating waste. According to the Organisation for Economic Co-operation and Development (OECD), Australia treated around 93% of its wastewater in 2018, increasing from 92% in 2015. Lime plays a vital role in wastewater treatment where it works as a neutralizer and precipitant of copper, chrome, and heavy metals. Furthermore, in cotton textile finishing plants, lime is used to neutralize and precipitate dissolved solids from wastewater. Hence, such factors are expected to drive growth of the Australia lime market. Furthermore, rapid growth of the mining sector is expected to propel the Australia lime market growth in the near future.
Lime is a class of calcified carbonated minerals. It consists mainly of aragonite and calcite, which are two distinctly different mineral forms of calcium (CaO3) carbonate (these being carbonates of different ionic radii). It is formed from different organic or inorganic compounds through organic precipitation or mechanical grinding. It was among those minerals which were exploited for building purposes during the Mesolithic age. It is usually found in large flat slabs and is found in many parts of the world.
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However, decrease in farm production due to fluctuating climate and other environmental issues is expected to hinder the Australia lime market growth in the future. Besides, rising production of cement and clinker can present lucrative growth opportunities in the Australia lime market. According to the Cement Industry Federation (CIF), in Australia, cement production reached 10.4 million tons in 2018-2019, increasing by over 9% in 2017-2018. Furthermore, rapid growth of the pulp and paper industry in Australia region can provide significant business opportunities.
Key companies involved in the Australia lime market are Adelaide Brighton Ltd, Lime Group Australia, Sibelco Australia, Wagners, Boral Ltd., and Omya Australia Pty Ltd.
For instance, in October 2020, Mondi plc, a U.K.-based paper, and packaging company partnered with Adelaide Brighton Ltd and Pope Packaging for the development of a new water-resistant paper bag named ‘Rain Barrier’.
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