The lime market in Australia is majorly anticipated to propel on the back of robust mining activities, developments in the country’s construction industry, and major remodeling that is being practiced by some of the active lime market participants based across Australia. A new study of Persistence Market Research (PMR) reports that the market will reach the value of US$ 258 Mn by 2019 end. However, the overall CAGR will remain gradual, projected to be just-about 2% during 2019 – 2029.
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The chemicals and materials vertical would be witnessing an eco-friendly transformation in the upcoming period. Plastic waste recycling would be one amongst these green initiatives. This would also be an era of materials informatics, i.e. machine learning would be employed to the materials’ development, which would, apart from improving on the cost of R&D, also provide better agility.
Synthetic biology would be another trend ruling the roost, as it would facilitate more flexible distribution of the chemicals and also help in exploration of novel markets, that too, at lower costs. Persistence Market Research is into tabling of these details of the chemicals and materials vertical through its team of riveting analysts and consultants.
Key Takeaways – Lime Market in Australia
• Mining and metallurgy are expected to remain the prime application areas of lime. Construction industry will however emerge more prominent and profitable for lime manufacturers and other stakeholders in lime market of Australia.
• Australia has been the backbone of global mining industry and holds significant potential in terms of opportunity the continues to push the growth of lime market in the country.
• Slaked/hydrated lime is projected to gross sizable portion in the market, attributing to the more water retention imparted by the use of lime in the cement mixture mortar, the plasticity provided by the material, and several other quality benefits that are provided by the use of hydrated lime.
• New South Wales is particularly expected to have a stronghold with a prominent position in the market owing to the rich mineral availability and abundance of mining activities in the region reflecting on the increasing requirement of lime for the application end use segments, and thereby increasing the sales across Australia.
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The strong growth perspectives in mining industry and heavy use of limestone for the application amongst all the end use industries are the driving factors directing the performance of Australia lime market. Furthermore, though the market continues to see sluggish progress over the years, our research strongly believes that the efforts that are being invested by manufacturers in accelerating the production rate and enduring overall production quality will augur well for long-term future of the market in Australia.
Key Players Striving for Reduced Operational Costs
The companies in the market are trying to develop their overall strength and reinforce their existing position in the market by the means of collaborations, mergers, and acquisition of the small entities and working to have a protuberant customer base in the region. The companies are also adroitly working to augment the efficacy of their production and reduce the operational costs which would help them achieve significant reduction without compromising on quality and the existent profit margin. It would also help them enhance sales of surplus production. The mineral rich states like Southern Australia and Western Australia are expected to emerge lucrative owing to the abundance of the mineral production in these regions. Some of the key market participants that the PMR report covers include Adelaide Brighton Limited, Boral Limited, and others.
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