The forecast for lime used in flue gas desulfurization in U.S. utility powerplants from 2024 to 2028 indicates a consistent growth trajectory. In 2023, the actual usage stood at 3.93 million metric tons, setting a baseline for future projections. The year-on-year growth rate averages slightly above 0.75% annually, culminating in a compound annual growth rate (CAGR) over these five years of approximately 0.75%. This steady increase highlights a gradual but consistent demand for lime in environmental applications within power generation.
Future trends to watch for:
- The potential for policy changes aiming to tighten emissions regulations could increase lime usage beyond current forecasts.
- Technological advancements in alternative desulfurization methods may impact the trajectory of lime demand.
- Changes in energy production mix, particularly a shift towards renewable energy, might influence the demand for lime in powerplants.
