The forecast for hydrated lime used in water treatment in the US shows a slight decline from 2024 to 2028. In 2023, the actual volume stood at 364.3 thousand metric tons. From 2024, the year-on-year values showcase a slight annual decrease ranging from 0.18% to 0.25%. Over the five years, the compound annual growth rate (CAGR) depicts a modest negative trend of approximately -0.19%, indicating a gradual reduction in volume.
Future trends to watch for include:
- Innovations in water treatment technologies, potentially reducing lime usage.
- Environmental regulations that may impact demand for lime as an eco-friendly treatment option.
- Competitive alternative materials affecting the lime market share.