The forecast for lime used in Electric Arc Furnaces in the US projects steady growth from 3.64 million metric tons in 2024 to 3.84 million metric tons by 2028. Given that the value in 2023 was approximately 3.59 million metric tons, the data indicates modest annual growth rates. Year-on-year growth is approximately 1.37% between 2024 and 2025, continuing at a similar pace throughout the forecast period. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is about 1.36%.
Future trends to watch include advancements in EAF technology and changes in steel production demands, which could influence lime consumption. Tracking regulatory shifts and sustainability efforts impacting metallurgical processes may also provide insights into future trends in lime usage.
