Ubiquitous Range of Applications across Diverse End-users to Invite Promising Growth Prospects for Calcium Chloride Market from 2019 to 2027: TMR
- The booming population levels & the rising disposable income across the globe is enabling the growth of industries such as food and construction, eventually bringing great growth prospects for the calcium chloride market
- Calcium chloride market is prognosticated to expand at a CAGR of more than 4 percent during the 2019-2027
Nov 17, 2020, 08:30 ET
ALBANY, N.Y., Nov. 17, 2020 /PRNewswire/ -- The efficient properties of calcium chloride over conventional materials help in boosting the calcium chloride market greatly. The property of calcium chloride to reduce the freezing point of water has led to immense demand in cold countries. Hence, this aspect may bring tremendous growth prospects for the calcium chloride market during the assessment period of 2019-2027.
Calcium chloride is an inorganic salt that serves as a typical ionic halide. It is highly soluble in water and is commercially available in liquid and anhydrous forms. The high solubility makes it a perfect fit across many applications. Calcium chloride has prominent applications in construction, dust control, industrial processing, de-icing, industrial processing, water management, tire weighing, food, etc. This aspect may bring immense growth opportunities across the calcium chloride market.
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Due to global warming, all the seasons are in their extreme form. The same goes for winter. Severe snowing due to the extreme winter season in various parts of the world is increasing the demand for de-icing, prominently done using calcium chloride. Thus, this factor may bring good growth prospects for the growth of the calcium chloride market.
After a detailed and thorough study by the researchers at Transparency Market Research (TMR), they extrapolate the global calcium chloride market to expand at a CAGR of more than 4 percent across the assessment period of 2019-2027. The global calcium chloride market was valued at US$ 1.7 bn in 2018.
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The superior properties of calcium chloride over other conventional materials may serve as a boon for the calcium chloride market. The growing influence of calcium chloride across the food and beverage industry may also invite great growth prospects for the calcium chloride market.
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Calcium Chloride Market: Key Revelations
- In regards to the applications of calcium chloride, the drilling fluids segment gained dominance in 2018
- The drilling fluids segment accounted for more than 20 percent of the calcium chloride market in 2018
- Based on product type, the flakes 77 percent segment held a vital share of more than 25 percent in 2018
- The flakes 77 percent segment may expand at the same rate across the forecast period of 2019-2027
- North America held a massive share of more than 40 percent of the total regional scenario in 2018
- North America may also serve as a dominant region from 2019 to 2027
- The Middle East and Africa's calcium chloride market is expected to expand at a moderate pace during the assessment period
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Calcium Chloride Market: Growth Boosters
The extraordinary properties of calcium chloride may prove as a beneficial factor for increasing the growth rate.
- The heightening investment of government bodies across various countries in public infrastructure may give the much-required boost to the calcium chloride market
- The utilization of calcium chloride in the maintenance of haul roads in mining due to its deliquescent nature may invite overwhelming growth for the calcium chloride market during the assessment period
Calcium Chloride Market: Industrial Insights
The calcium chloride market is highly concentrated. A handful of key companies acquire more than half of the calcium chloride market's growth share. The players concentrate to avoid the constant fluctuation of raw material prices to gain a good competitive advantage over others.
Some well-established players in the calcium chloride market are Nedmag Industries, TETRA Technologies Inc., Occidental Chemical Corporation, Auro Chemical Industries Pvt. Ltd., Zirax Limited, Sameer Chemicals, Weifang Haibin Chemical Co. Ltd., and Solvay S.A.
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Global Calcium Chloride Market: Segmentation
By Product Type
- Flakes 77%
- Flakes 94%
- Prills 94%
- Pellets 94%
- Liquid Grade
- Others (Flakes 83%-87%, Pellets 90%, Powders 90%, etc.)
- Dust Control
- Drilling Fluids
- Industrial Processing
- Others (Tire Weighing, Water Management, Food, etc.)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Phosphates Market - In terms of value, the global phosphates market is anticipated to expand at a CAGR of ~4% from 2019 to 2027. Phosphates are largely used for production of phosphate fertilizers and animal feed products across the globe. Asia Pacific dominated the global phosphates market in 2018. China is anticipated to be a leading exporter of phosphates across the globe during the forecast period. Ammonium phosphates and calcium phosphates are the most widely consumed phosphates in developed as well as developing regions, in fertilizers and animal feed, respectively. The demand for phosphates in the industrial sector is less compared to fertilizers and animal feed, owing to availability of a large number of substitutes.
Paints & Coatings Fillers Market - According to the World Paint & Coatings Industry Association (WPCIA), the paints & coatings market expanded by 4.9% to US$ 164.9 Bn in 2018. Europe and North America are mature regions for coatings. They represent 21% and 16% of the global volume, respectively. Macroeconomic factors, such as GDP growth, rise in purchasing power and disposable income, urbanization, and improvements in economic conditions of developing countries positively impact the paints & coatings market. This, in turn, boosts the paints & coatings fillers market.
Calcium Carbide Market - In terms of application, the calcium carbide market can split into acetylene manufacturing, synthesis of solvents, pharmaceuticals, plastics, steel making, carbide lamps, and others. The key applications of calcium carbide is in the synthesis of solvents and organic compounds required in pharmaceutical and dyestuff industries, in the manufacture of calcium cyanamide, acetylene required in oxyacetylene welding, and manufacture of synthetic rubber and plastics. It is utilized in the manufacture of graphite and hydrogen, in steel hardening, and in the reduction of copper sulfide and metallic oxide. Furthermore, it is also used in the production of cyanamide, where it serves as a nitrogen fixative. Cyanamide, CaCN2, is used as a fertilizer and as a raw material for the production of a series of nitrogenous compounds (dicyanamide, guaniddine, and melamine). Carbide is employed in metallurgy as a disulfurizing and deoxidizing agent. Thus, demand from the applications mentioned above drives the market.
Calcium Glycerophosphate Market - With increasing adoption of healthy lifestyles and rising concern over to get easier nutritional support among consumers leading to expanding their consumption of dietary supplements. Interest in healthy aging, novel and convenient delivery forms, and the expansion of nutrition products are among the many factors driving growth in the mineral supplement industry which in turn will drive the calcium glycerophosphate supplement growth in the market. Calcium glycerophosphate reduces the amount of hydrochloric in the gastrointestinal. For this purpose, it is significantly used as a means of decreasing heartburn, uneasiness related to irritable bowel syndrome, and other gastric problems, which will propel the growth of calcium glycerophosphate market. However excessive consumption of calcium glycerophosphate may lead to various side effects such as high calcium content in the blood, forming of kidney stone and loss of appetite as might hamper the growth of calcium glycerophosphate market.
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