Calcium oxide is also known as quicklime. It is a white, crystalline, alkaline chemical compound. It is prepared in lime furnace by calcination process. Calcium oxide is extracted from seashells or lime stones at a very high temperature of more than 800°C. It is obtained by de-carbonation of lime sources.
The major users of calcium oxide include cement industry, petroleum industry, bio-fuel industry, paper and pulp mills, steel industry and chemical industries. The construction industry has highest usage of calcium oxide in form of cement, steel, iron and many more raw materials which is expected to increase the calcium oxide market throughout the forecast period. This is attributed to the rapid globalization which increases construction and infrastructure development. The calcium oxide is cost-effective method of treating animal wastes and it helps to control odor and balance the pH level. Calcium oxide prevents the growth of pathogens and bacterial growth in the environment.
Moreover, calcium oxide is used for developing bleaching powder .The bleaching powder is used widely for environmental and household hygiene. Calcium oxide has application in agricultural sector. Calcium oxide is acid neutralizing agent used to treat the acidic soil and maintain its pH level.
The leading manufacturing companies are concentrating towards high application in new product on the account of its low cost. The calcium oxide has high production and has gained wide range of applications in pulp and paper mills, sugar industry, glass manufacturing, bio-fuel, petroleum industry, iron and steel manufacturing, bleaching powder, bricks. Moreover, the various properties of calcium oxide are its low cost and high availability. Currently the global calcium oxide market is observing vibrant growth and is expected to witness to record a CAGR of 6.2% over the forecast period. The calcium oxide is used in construction, household, water treatment, agriculture and other sectors which is expected to drive calcium oxide market in the forecast period.
The GDP of India, China, Japan, South Korea and Australia in 2017 shows the growth of these economies recording USD 2,597,491 Million GDP of India followed by Japan with USD 4,872,137 Million and then China with USD 12,237,700 Million contributing towards the high GDP growth in Asia-Pacific region. This GDP growth is anticipated to grow the construction and infrastructural segment in this region thus, facilitating the growth of cement, bricks and other calcium oxide related constructional products which is expected to drive the calcium oxide market during the forecast period.
On the basis of regional platform, global calcium oxide market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific region is anticipated to witness high growth over the forecast period on the account of increasing demand for the cement in the construction industry coupled with the increasing demand from various countries such as China, India, Malaysia and Thailand. In Latin America countries such as Brazil and Argentina are expected to witness rapid residential and commercial infrastructural growth. This leads to high growth of the global calcium oxide market during the forecast years. CLICK TO DOWNLOAD SAMPLE REPORT
Our-in depth analysis of the global calcium oxide market includes the
Global calcium oxide Market is further classified on the basis of region as follows:
The rising demand for calcium oxide and its products for various processes in constructional, agricultural, chemical industries are expected to drive the market rapidly over the forecast period. The major one is in water softening technology so as to provide safe drinking water and maintain the hygienic water services for common people is expected to drive the growth during the forecast years.
The numerous uses of calcium oxide other than water softening is in treating soil acidity and maintaining pH level. Moreover, the widespread use of calcium oxide for animal waste treatment and maintaining environmental hygiene can be a primary factor to show a positive effect on the growth of the calcium oxide market within the forecast period.
However, the extraction of calcium oxide causes pollution .This harms the environment and also population involved in manufacturing units. Moreover, it causes severe irritation and various health problems .This is anticipated to hinder the market growth of the global calcium oxide market over the forecast period.
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