According to a recent market study published by Growth Market Reports titled, “Global Calcium Chloride (CaCl2) Market By Product Type, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 1,165.8 million in 2019 and is expected to expand at a CAGR of 4.6% by the year 2027. In terms of volume, the global calcium chloride market is expected to expand at a CAGR of 3.1% during the forecast period. The global calcium chloride market is projected to grow owing to the factors such as surging need for treating wastewater effluents, increasing government expenditure on flyovers & roads, growing demand from oil & gas industry, and rising use of calcium chloride for winter road safety.

The global calcium chloride market is fragmented based on product type, application, and region. Based on type, the calcium chloride market has been segmented into flakes 77%, flakes 94%, prills 94%, pellets 94%, liquid grade, and others. Based on application, the global calcium chloride market has been categorized into ice melting, dust control, drilling fluids, industrial processing, concrete acceleration, and others. Based on region, the global calcium chloride market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (LAMEA). North America region is further bifurcated into countries such as U.S., and Canada. Europe is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, Asia Pacific is further segmented into China, South Korea, Japan, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America is further segmented into Brazil, Mexico, and Rest of Latin America. Middle East & Africa is categorized into Saudi Arabia, South Africa, UAE, Qatar, Oman, Kuwait, Bahrain, and Rest of Middle East & Africa.

Request a free sample copy: https://growthmarketreports.com/request-sample/360

COVID-19 has negatively impacted the construction industry due to shutdown of mega construction projects across the globe. Stringent rules and restrictions during COVID has halted the operations of oil & gas as well as chemical industries. Moreover, disruptions in the supply chain due to partial and complete lockdowns negatively impacted the distribution of calcium chloride across the globe. Thus, decrease in the adoption of calcium chloride is expected to hinder the market growth in 2020.

As per Growth Market Reports’ industry analyst Partha Paul, “The Global Calcium Chloride Market is anticipated to witness significant growth during the forecast period 2020-2027 driven by the rising demand for calcium chloride across various industries such as construction, oil & gas, chemical, and transportation industries. Growing need for calcium chloride in oilfield services and drilling companies is expected to boost the market. Moreover, calcium chloride is commonly used as a firming agent and desiccant in the food industry. This industry is expected to create significant opportunities for the market players due to growing demand for firmness and shaping of food products in processing and cooking activities. Furthermore, its applications as a freezing depressant and electrolyte is expected to its use in the future.

Key Takeaways from the Study:

  • The companies such as Honeywell International Inc, Tetra Technologies, Inc., and Zirax Limited held approximately one fifth of the share of global calcium chloride market in 2019.
  • North America accounts for a major share of the market, followed by Asia Pacific. The market in Europe is projected to expand at a substantial CAGR during the forecast period.
  • The prills 94% segment is anticipated to expand at a moderate CAGR during the forecast period. The growth of the segment is attributed to a large number of ongoing construction projects across the globe. Furthermore, rising awareness regarding the benefits of calcium chloride prills such as water solubility and strong hygroscopicity is increasing their adoption in the food industry.
  • The concrete acceleration segment is expected to expand at a substantial CAGR during the from 2020 to 2027. High growth of the segment is attributed to the ongoing and upcoming mega construction projects across the globe; for instance, Lester B. Pearson Building and Carling Campus buildings in Canada.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 1,165.8 Million

Market Growth Rate (from 2020 to 2027)

4.6%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million), Volume (‘000 Tons)

Market Segments

Product Type, Application

Regional Scope

North America, Europe, Asia Pacific, Latin America and Middle East & Africa

Country Scope

U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, Australia, South Korea, South East Asia, Brazil, Mexico, Saudi Arabia, South Africa, UAE, Qatar, Oman, Kuwait, Bahrain

Key Companies Profiled

Honeywell International Inc, Hydrite Chemical, Ice Melter (Keg River), Nedmag B.V, Occidental Chemical Corporation, SACHLO, Sitara Chemical Industries Ltd., Solvay, Sulaksh Chemicals, Tetra Technologies, Inc., Tiger Calcium, Vinipul Inorganics Private Limited, Weifang Haibin Chemical Co., Ltd., Weifang Xinchang Chemical Co.,Ltd, Zirax Limited

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Calcium chloride manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Construction, oil & gas, paint, agriculture, and transportation industries
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: American Chemical Society, American Concrete Pavement Association (ACPA), Ontario Good Roads Association (OGRA), Portland Cement Association (PCA), Snow and Ice Management Association (SIMA), American Public Transportation Association, Federal Highway Administration (FHWA)