Lime Market
Lime Market Study by Quick Lime and Hydrated Lime for Agriculture, Building Materials, Mining & Metallurgy, and Water Treatment from 2024 to 2034
Analysis of Lime Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lime Market Outlook (2024 to 2034)
The global lime market size has been forecasted by skilled analysts at Fact.MR to rise from a value of US$ 48.05 billion in 2024 to US$ 61.5 billion by 2034-end, at a CAGR of 2.5% (2024 to 2034).
Lime is a highly versatile material that is primarily composed of calcium oxides and hydroxides. Quicklime is majorly derived from rocks and minerals like limestone or chalk, which are highly rich in calcium carbonate. These raw materials are further cut, crushed, pulverized, and chemically altered by the lime suppliers in the market according to their needs.
Lime has a decent heat tolerance capacity of around 40 °C, making it viable for a spectrum of applications. Versatility of lime allows it to be applied across diverse fields including the environmental, metallurgical, construction, chemical, and industrial sectors, among others.
Lime is used in the steel manufacturing process to remove impurities such as silica, phosphorus, and sulfur to get refined steel with good quality standards. These steel rods and bars are then substantially used in the construction sector.
In construction, lime is utilized for soil stabilization in various projects such as roads, dams, building foundations, and other construction sites. Over recent years, there has been a notable increase in the use of lime, presenting opportunities for suppliers to collaborate with construction professionals and stakeholders to expand their presence in the sector. This strategic approach has enabled lime manufacturers to broaden their network and establish a stronger foothold in the market.
Lime functions as an additive in the production of metals and is a significant component in plaster and mortar. When incorporated as a supplement in asphalt, lime enhances cohesion, prevents aging, and reduces stripping. These factors are contributing to the expansion of the lime market size. Key players in the industry continuously seek to expand their networks and maintain market dominance, thus contributing to the lime market growth.
| Report Attributes | Details |
|---|---|
| Lime Market Size (2024E) | US$ 48.05 Billion |
| Forecasted Market Value (2034F) | US$ 61.5 Billion |
| Global Market Growth Rate (2024 to 2034) | 2.5% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 3% CAGR |
| China Market Value (2034F) | US$ 13.53 Billion |
| North America Market Share (2024E) | 28.6% |
| East Asia Market Share (2034F) | 38.4% |
| Key Companies Profiled | Carmeuse; Lhoist; Nordkalk; Imerys; Sigma Mineral Ltd; Graymont; Mississippi Lime Company; Minerals Technologies Inc.; Linwood Mining & Minerals Corporation; Cape Lime Ltd.; Afrimat |
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Which Lime Market Trends are Suppliers Capitalizing On?
“Increasing Adoption of Sustainable Construction Practices”
Lime has become an integral component in the construction sector, valued for its versatility and eco-friendly attributes. These characteristics are boosting demand for lime in construction. Adoption of sustainable construction practices further augments the demand for lime due to its eco-friendly properties.
This presents opportunities for suppliers to align their offerings with the needs of this segment. Construction projects often use diverse materials such as metals, concrete, bricks, and sand.
“Extensive Use of Lime in Chemical Industry”
Lime finds widespread application in the chemical industry, as it serves as a fundamental ingredient in the production of various compounds, including calcium hypochlorite, sodium alkalis, cyanamide, citric acid, petrochemicals, propylene glycol glycerin, magnesia, and many other products.
Utilization of lime across diverse materials such as paper, paint, ink, plastic, and rubber is growing. In the paper industry, lime acts as a bleaching agent and causticizing agent, and is used to produce precipitated calcium carbonate (PCC) for internal consumption. These applications present new opportunities for lime suppliers to expand their reach and strengthen their presence in the market.
Which Factors are Hindering Market Growth?
“Reduced Efficacy of Lime Resulting from Carbonation Reaction”
Carbonation is a chemical reaction where carbon dioxide reacts to form carbonates, bicarbonates, and carbonic acid. This reduces the effectiveness of lime in various applications.
The abrasive nature of the material and its tendency to form clumps is a hindrance to limestone processing. To address this, a drying process is commonly employed to precondition limestone rock.
This pre-treatment adds to abrasiveness and necessitates the use of heavy-duty rotary dryers capable of handling such abrasive materials. Manufacturers are focusing on tackling this challenge and searching for alternative processes to incorporate lime.
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Country-wise Evaluation
Which Aspects Make the United States a Key Market for Lime Suppliers?
“Widespread Use of Lime in Expansive Mining Industry”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 9.85 Billion |
| Growth Rate (2024 to 2034) | 2.9% CAGR |
| Projected Value (2034F) | US$ 13.15 Billion |
The United States has some of the world's most valuable mineral resources, including copper, graphite, iron, lithium, lead, and coal. These minerals are inputs for various industries.
Lime plays a crucial role in the mining industry. Lime and limestone products are used extensively in various extraction processes such as coagulation, flotation, and recovery. Lime is beneficial as a cost-effective reagent for pH control during the flotation process in mining operations. Lime acts as a pH modifier and helps in the process of selective flotation of major sulfide minerals. These properties create lucrative opportunities for lime suppliers to collaborate with the mining industry.
Why are Lime Suppliers Interested in China?
“Rising Infrastructure Development Activities Boosting Use of Lime Slurry”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 9.98 Billion |
| Growth Rate (2024 to 2034) | 3.1% CAGR |
| Projected Value (2034F) | US$ 13.53 Billion |
China has a population of billions, and this vast amount of population requires large infrastructure for activities such as schools, colleges, offices, parks, and commutation structures. Lime is one of the most economically versatile minerals known, and thus construction workers have been using lime products for ages in various types of construction activities such as soil stabilization for roads and building foundations for structures. Lime helps in improving cohesion and preventing the aging process of buildings.
Lime slurry has proven to be beneficial as a mortar in masonry projects and finds application in plastering. Lime serves as an additive in asphalt, enhancing its cohesion and resistance against stripping processes.
Category-wise Insights
Which Type of Lime is Widely Utilized across Industries?
“Widespread Preference for Hydrated Lime”
| Attribute | Hydrated Lime |
|---|---|
| Segment Value (2024E) | US$ 26.62 Billion |
| Growth Rate (2024 to 2034) | 2.3% CAGR |
| Projected Value (2034F) | US$ 33.64 Billion |
Hydrated lime, which occupies a significant lime market share, is a colorless, dry, and crystalline powder manufactured using the process of slaking. Hydrated lime is a mild alkali mainly used for removing acid gases in energy plants, glass manufacturing facilities, cement mills, and incineration plants.
The most popular use of hydrated lime remains in steel manufacturing where its main purpose is to remove all kinds of impurities. Hydrated lime is also used in the construction sector to raise the pH levels of soils. This process is often called soil sweetening.
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Competitive Landscape
Key players in the lime market such as Carmeuse, Lhoist, Nordkalk, and Imerys have majorly used strategies to invest and increase their production units, resulting in their soaring dominance in the market.
They are focusing on identifying potential roadblocks to their growth and staying vigilant about new market entrants and recent developments, like mineral fillers, shaping the evolving trends in the lime market.
- In 2018, Mississippi Lime increased its production capacity for hydrated lime in West Virginia to provide its customers with cost-effective and high-performance solutions.
Key Segments of Lime Market Research
-
By Product Type :
- Quick Lime
- Hydrated Lime
-
By Application :
- Agriculture
- Building Materials
- Mining & Metallurgy
- Water Treatment
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Product Type
- 9.1 Quick Lime
- 9.2 Hydrated Lime
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 10.1 Agriculture
- 10.2 Building Materials
- 10.3 Mining & Metallurgy
- 10.4 Water Treatment
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1 North America
- 11.2 Latin America
- 11.3 Europe
- 11.4 East Asia
- 11.5 South Asia
- 11.6 Oceania
- 11.7 Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1 Carmeuse
- 21.2 Lhoist
- 21.3 Nordkalk
- 21.4 Imerys
- 21.5 Sigma Mineral Ltd
- 21.6 Graymont
- 21.7 Mississippi Company
- 21.8 Minerals Technologies Inc.
- 21.9 Linwood Mining & Minerals Corporation
- 21.10 Cape Ltd.
- 21.11 Afrimat
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Product Type, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Product Type, 2024 (E)
Figure 18: North America Market Value Share, By Application, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Product Type, 2024 (E)
Figure 26: Latin America Market Value Share, By Application, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Product Type, 2024 (E)
Figure 34: Europe Market Value Share, By Application, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Product Type, 2024 (E)
Figure 42: South Asia Market Value Share, By Application, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Product Type, 2024 (E)
Figure 50: East Asia Market Value Share, By Application, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Product Type, 2024 (E)
Figure 58: Oceania Market Value Share, By Application, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Product Type, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Product Type, 2024 (E)
Figure 78: Canada Market Value Share, By Application, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Product Type, 2024 (E)
Figure 81: Mexico Market Value Share, By Application, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Product Type, 2024 (E)
Figure 84: Brazil Market Value Share, By Application, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Product Type, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Product Type, 2024 (E)
Figure 90: Germany Market Value Share, By Application, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Product Type, 2024 (E)
Figure 93: France Market Value Share, By Application, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Product Type, 2024 (E)
Figure 96: Italy Market Value Share, By Application, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Product Type, 2024 (E)
Figure 99: Spain Market Value Share, By Application, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Product Type, 2024 (E)
Figure 102: Russia Market Value Share, By Application, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Product Type, 2024 (E)
Figure 105: China Market Value Share, By Application, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Product Type, 2024 (E)
Figure 108: Japan Market Value Share, By Application, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Product Type, 2024 (E)
Figure 111: South Korea Market Value Share, By Application, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Product Type, 2024 (E)
Figure 114: India Market Value Share, By Application, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Product Type, 2024 (E)
Figure 117: ASEAN Market Value Share, By Application, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Product Type, 2024 (E)
Figure 120: Australia Market Value Share, By Application, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Product Type, 2024 (E)
Figure 123: New Zealand Market Value Share, By Application, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Product Type, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Product Type, 2024 (E)
Figure 129: Turkey Market Value Share, By Application, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Product Type, 2024 (E)
Figure 132: South Africa Market Value Share, By Application, 2024 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What is the size of the lime market in 2024?
The global lime market is placed to reach US$ 48.05 billion in 2024.
At what rate are the sales of lime approximated to increase?
Sales of lime are evaluated to increase at a CAGR of 2.7% from 2024 to 2034.
What is the forecasted valuation of the market for 2034?
The lime market is forecasted to reach US$ 61.5 billion by 2034.
Who are the leading manufacturers of lime in the market?
Prominent players in the market are Carmeuse, Lhoist, Nordkalk, and Imerys.
What share of the global market does East Asia account for?
Easy Asia currently accounts for 36.5% share of the global market.
What are the projected sales for lime in Japan?
Sales of lime in Japan are projected to reach US$ 5.49 billion in 2024.
Lime Market