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Lime is manufactured from lime stone. Lime is mainly used for manufacture of hydrated lime. Hydrated lime is a dry powder obtained by treating quick lime with water. It consists essentially of calcium hydroxide and some magnesium hydroxide. The project envisages production of lime by calcinations of limestone on vertical oil fired kiln. This lime, chemical grade, having purity exceeding 85% is vastly superior to lime made by country kiln or bhatta.
Quick lime of high purity is used in various other chemical industries under the chemical name lime. It is also the starting material for the manufacture of precipitated calcium carbonate on the activated calcium carbonate.
Market Outlook
The U.S. lime market is estimated to register a value CAGR of 3.7% during the forecast period 2016–2026.
The global lime market was valued at US$44.84 bn in 2015 and is expected to be worth US$76.48 bn by the end of 2024. During the forecast period of 2016 and 2024, the global market is expected to surge at a CAGR of 6.2%.
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