The hydrated lime market for asphalt construction in the U.S. is predicted to decline significantly. From 2024 to 2028, a consistent decrease is observed in forecasted values, starting from 85.35 thousand metric tons in 2024 to 48.18 thousand metric tons by 2028. Relative to 2023, this shows a consistent downward trend year-on-year. If a compound annual growth rate (CAGR) is calculated from 2024 to 2028, it will reflect a substantial decrease, given such drastic annual drops.
Future trends to watch for include technological advances in alternative construction materials and changing regulatory requirements that may further impact hydrated lime usage. Additionally, shifts in infrastructure investments could alter this forecasted decline.
