Street market The lime in Australia It is mainly expected to start on the back of robust mining activity, developments in the country’s construction industry and a major overhaul being undertaken by some of the active lime market participants across Australia. A new study by Persistent Market Research (PMR) reports that the market will reach a value of 258 million dollars until the end of 2019. However, the overall CAGR will remain gradual, expected to be only approx -2% During 2019 – 2029.
Central takeaway – Lime Market in Australia
- Mining and metallurgy are expected to remain the main application areas for lime. However, the construction industry will appear more prominent and profitable for lime manufacturers and other stakeholders in the Australian lime market.
- Australia has been the backbone of the global mining industry and has significant potential in terms of opportunities that continue to drive the growth of the country’s lime market.
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- Slaked/slaked lime is expected to reach a significant portion of the market, attributed to more water retention provided by the use of lime in the cement mixture mortar, the plasticity provided by the material, and several other quality advantages provided by the use of hydrated lime.
- New South Wales is expected to be a stronghold with a prominent position in the market thanks to its rich mineral availability and abundant mining activity in the region reflecting the growing demand of lime for the end-use sectors, thereby increasing sales. throughout Australia.
The strong growth prospects in the mining industry and the high use of limestone for application across all end-use industries are the factors driving the performance of the limestone market in Australia. Furthermore, although the market continues to see slow progress over the years, our research strongly believes that the efforts that manufacturers are investing in accelerating the pace of production and meeting overall production quality will bode well for the long-term future of the market in Australia.
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Big sales are driven by imports
The lime market in Australia is a highly cohesive landscape as the top three players in the market account for more than 80% of the global value. Considering the current market structure, it is likely that the entry of any new player in the market will not occur and the establishment or emergence of any other player will be cumbersome. The lime market in Australia is import oriented and sales in the market are expected to be mainly driven by imported lime. The growth potential of mining in Australia and the growth of construction activities in New South Wales and Victoria are expected to drive the encouraging growth of the market.
Key players striving to reduce operating costs
The companies in the market try to develop their overall strength and strengthen their existing position in the market through collaborations, mergers and acquisitions of the small entities and work to maintain a prominent customer base in the region. The companies are also working skillfully to increase their production efficiency and reduce operating costs which will help them achieve a significant reduction without compromising on quality and existing profit margins. It will also help them improve the sales of surplus production. The mineral-rich states such as South Australia and Western Australia are expected to perform profitably because of the abundance of 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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