Bangladesh Quicklime Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Market Forecast By Types (Quick Quicklime, Hydrated Quicklime), By Products (Ground, Large Lumps, Crushed & Pebbles, Pulverised, Pelletised), By Applications (Agriculture, Building Material, Water Treatment, Mining & Metallurgy, Others) And Competitive Landscape

Product Code: ETC343652 Publication Date: Jan 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 67 No. of Figures: 23 No. of Tables: 6

Bangladesh Quicklime Market Synopsis

Bangladesh Quicklime Market is expected to grow during the forecast period due to the growing residential sector, as it is expected that half of the population will be living in urban areas by 2030, increasing the demand for housing units by 600,000 to 800,000 units, which will boost the demand for cement, building materials, and steel in the coming years, thereby driving the demand for Quicklime. However, the 2020 lockdown and the fear of the spread of coronavirus in Bangladesh caused a halt in manufacturing and construction activities, as well as a supply chain disruption in application industries, which negatively impacted the Bangladesh Quicklime Industry, causing it to shrink by more than 4%. The main reason for such a large drop was a decline in the construction sector, which shrank by 1.2 percent in 2020.

Bangladesh Quicklime Market

According to 6Wresearch, Bangladesh Quicklime market size is projected to grow at a CAGR of 4.7% during 2022E-2028. Bangladesh Quicklime market is growing significantly owing to growth in steel manufacturing and increasing infrastructure investment which has augmented the demand for cement, building materials, steel, resulting in increased demand for Quicklime in Bangladesh. Bangladesh Quicklime market recorded significant growth during the pre-COVID-19 years with growth of more than 5% annually.

The growth of the market was driven majorly on the back of construction activities such as Dhaka Elevated Expressway, Padma Multipurpose Bridge, Bangabandhu Tunnel and other prominent infrastructural projects. In addition, the government of Bangladesh signed a $100 million financing agreement in 2019 with the World Bank to ensure improved water supply, sanitation, and drainage system in selected 30 municipalities, benefiting about 600,000 people which backed the demand for Quicklime in water treatment plants.

Quicklime Market in Bangladesh is expected to show significant growth over the coming years driven by the growing demand from industrial and construction sector. The Bangladesh Quicklime Industry is the key part of the Asia Pacific Quicklime Market. In the coming years, increased infrastructure investment in road and rail development and mega construction projects are seen as a catalyst for accelerating the Quicklime market in Bangladesh.

Market by Types

By Types, Quicklime dominated the Bangladesh Lime market in 2021 owing to heavy demand for steel along with its utilization to treat gas from industries, power plants and waste incinerators in the country as 25,000 tons of solid waste is generated daily in urban areas. Furthermore, agriculture sector contribute around 60% in country’s GDP and Quicklime is required for better soil fertility and productivity which would augment the demand of Quicklime in the forthcoming period.

Market by Products

By Product Forms, Ground segment dominated the Bangladesh Quicklime in 2021 owing to rising demand for steel in the country, which increased by 15 to 20% in 2021. Furthermore, demand for steel is expected to rise from 7 million tons to 18 million tons by 2030 coupled with increasing investment in the construction sector for instance, an investment of about $11.5 billion in the housing sector of Dhaka, Chattogram, and nearby divisions would augment the growth of the segment in the forthcoming period.

Bangladesh Quicklime Market Revenue Share

Market by Applications

By Application, steel manufacturing acquired the highest revenue share in Bangladesh Quicklime market and the same trend is expected to continue in the upcoming years on account of rising demand for steel for the construction of roads, railways, building and other infrastructural developments. Furthermore, government investment of about $5.8 billion, $663 million and $283 million for the construction of roads, railways and airports respectively, is expected to surge the demand for steel thus subsequently increasing the demand for Quicklime used in steel manufacturing.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2022
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Bangladesh Quicklime Market Overview
  • Bangladesh Quicklime Market Outlook
  • Bangladesh Quicklime Market Forecast
  • Historical Data and Forecast of Bangladesh Quicklime Market Revenues for the Period 2018-2028F
  • Historical Data and Forecast of Bangladesh Quicklime Market Revenues & Volumes, By Types, for the Period 2018-2028F
  • Historical Data and Forecast of Bangladesh Quicklime Market Revenues & Volumes, By Product Forms, for the Period 2018-2028F
  • Historical Data and Forecast of Bangladesh Quicklime Market Revenues, By Application, for the Period 2018-2028F
  • Market Drivers and Restraints
  • Value Chain and Ecosystem
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Impact Analysis of COVID-19
  • Bangladesh Quicklime Import Export Trade Statistic
  • Market Trends
  • Bangladesh Quicklime Market Opportunity Assessment
  • Bangladesh Quicklime Market Revenue Share, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

  • Quick Quicklime
  • Hydrated Quicklime

By Products

  • Ground
  • Large Lumps
  • Crushed & Pebbles
  • Pulverised
  • Pelletised

By Applications

  • Agriculture
  • Building Material
  • Water Treatment
  • Mining & Metallurgy
  • Others
Bangladesh Quicklime Market: FAQs
The growth of the market is driven majorly on the back of construction activities such as Dhaka Elevated Expressway, Padma Multipurpose Bridge, Bangabandhu Tunnel and other prominent infrastructural projects. The government of the country is also supporting this sector.
Bangladesh Quicklime market size is projected to grow at a CAGR of 4.7% during 2022E-2028.
Quicklime dominated the Bangladesh Lime market in 2021 owing to heavy demand for steel along with its utilization to treat gas from industries, power plants and waste incinerators in the country. This segment will continue dominating the market.
By Application, steel manufacturing acquired the highest revenue share in Bangladesh Quicklime market and the same trend is expected to continue in the upcoming years on account of rising demand for steel for the construction of roads, railways, building and other infrastructural developments.
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Bangladesh Quick Lime Market Overview
3.1. Bangladesh Quick Lime Market Revenues, 2018-2028F
3.2. Bangladesh Quick Lime Market Industry Life Cycle
3.3. Bangladesh Quick Lime Market Porter's Five Forces
3.4. Bangladesh Quick Lime Market Revenue Share, By Types, 2020 & 2028F
3.5. Bangladesh Quick Lime Market Revenue Share, By Products, 2021 & 2028F
3.6. Bangladesh Quick Lime Market Revenue Share, By Applications, 2021 & 2028F
4. Impact Analysis of Covid-19 on Bangladesh Quick Lime Market
5. Bangladesh Quick Lime Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Bangladesh Quick Lime Market Overview, By Types
7. Bangladesh Quick Lime Market Overview, By Products
8. Bangladesh Quick Lime Market Overview, By Applications
9. Bangladesh Quick Lime Market  Key Performance Indicators
9.1 Bangladesh Steel Industry Outlook
9.2 Bangladesh Agriculture Industry Outlook
10. Bangladesh Quick Lime Market – Import Statistics
11. Bangladesh Quick Lime Market Opportunity Assessment
11.1 Bangladesh Quick Lime Market Opportunity Assessment, By Product (2028F)
11.2 Bangladesh Quick Lime Market Opportunity Assessment, By Application (2028F)
12. Bangladesh Quick Lime Market – Competitive Landscape
12.1 Bangladesh Quick Lime Market Revenue Share, By Companies 
12.2 Bangladesh Quick Lime Market Competitive Benchmarking, By Operating Parameter
13. Company Profiles
14. Key Strategic Recommendations
15. Disclaimer
List of Figures
 1: Bangladesh Quick Lime Market Revenues and Volume, 2018-2028F ($ Million, Thousand Metric Ton)
 2: Bangladesh Quick Lime Market Revenue Share, By Types, 2021 & 2028F
 3: Bangladesh Quick Lime Market Volume Share, By Types, 2021 & 2028F
 4: Bangladesh Quick Lime Market Revenue Share, By Product Forms, 2021 & 2028F
 5: Bangladesh Quick Lime Market Volume Share, By Product Forms, 2021 & 2028F
 6: Bangladesh Quick Lime Market Revenue Share, By Applications, 2021 & 2028F
 7: Road Infrastructure Investment Current Trends in Morocco, 2020-2040F ($ Billion)
 8. Rail Infrastructure Investment current trends in Morocco, 2020-2040F ($ Million)
 9. Number of Steel Manufacturer in Dhaka and Chittagong
 10: Steel Production capacity in Million Tons (2019-20)
 11: GDP from Agriculture in Bangladesh, In BDT Million (2018-2021)
12: Production of Major Crops in Million Tons (2019-20 – 2020-21)
13: Share of Top 3 Import Partners, 2021
14: Bangladesh Quick Lime Import Data, By Country, 2021 (in $ Thousand)
15: Share of Top 3 Import Partners, 2021
16: Bangladesh Hydrated Lime Import Data, By Country, 2021 (in $)
17: Bangladesh Quick Lime Importers, Top 5, 2021
18: Bangladesh Hydrated Lime Importers, Top 3, 2021
19: Bangladesh Quick Lime Market Opportunity Assessment, By Product Forms, 2028F
20: Bangladesh Quick Lime Market Opportunity Assessment, By Product Forms, 2028F
21: Bangladesh Quick Lime Market Revenue Share, By Companies, 2021
22: Investment in Housing Sector in Dhaka, Chattogram and nearby towns (in billion USD)
23: Allocated Funds for Megaprojects in the Annual Budget for the Year (2019 – 2020) (Billion USD)
List of Tables
 1: Bangladesh Mega Construction Projects 
 2: Bangladesh Quick Lime Market Revenues, By Types, 2018-2028F ($ Million)
 3: Bangladesh Quick Lime Market Volume, By Types, 2018-2028F (Thousand Metric Tonnes)
 4: Bangladesh Quick Lime Market Revenues, By Product, 2018-2028F ($ Million)
 5: Bangladesh Quick Lime Market Volume, By Product, 2018-2028F (Thousand Metric Tonnes)
 6: Bangladesh Quick Lime Market Revenues, By Applications, 2018-2028F ($ Million)
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