In 2023, the hydrated lime sold or used for "Other Construction" purposes in the US stood at approximately 2.56 thousand metric tons. The forecast for 2024 to 2028 indicates a significant downward trend, with values decreasing from 2.17 thousand metric tons in 2024 to 0.57 in 2028. This represents a sharp annual decline in demand, with a compound annual growth rate (CAGR) illustrating a negative average variation over these years.
Future trends to watch for include:
- Potential influences of construction industry shifts towards sustainable materials.
- Technological innovations in construction reducing the need for traditional materials like hydrated lime.
- Economic factors such as market recovery or downturns that might affect overall construction activity and material demand.