Calcium Chloride Market Size, Industry Trends Report | 2031
Calcium Chloride Market
Segments - By Product Type (Flakes 77%, Flakes 94%, Prills 94%, Pellets 94%, Liquid Grade, and Others), By Application (Ice Melting, Dust Control, Drilling Fluids, Industrial Processing, Concrete Acceleration, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Segments - By Product Type (Flakes 77%, Flakes 94%, Prills 94%, Pellets 94%, Liquid Grade, and Others), By Application (Ice Melting, Dust Control, Drilling Fluids, Industrial Processing, Concrete Acceleration, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
The Global Calcium Chloride market size was valued at USD 1.33 Billion in 2022 and is projected to reach USD 1.99 Billion by 2031, expanding at a CAGR of 4.6% during the forecast period 2023 - 2031. Calcium chloride (CaCl2) is an inorganic compound made of calcium and chlorine and can be commonly classified as a member of the salt family.
The two chemical names for calcium chloride include calcium chloride anhydrous and calcium chloride dihydrate. Calcium chloride also forms mono-, di-, tetra-, and hexa-hydrates. Calcium chloride is commonly used in a wide range of applications and industries. It is used for road stabilization, ice control, dust suppression, and in various oilfield applications.
Calcium chloride is suitable for the use in food packaging to prevent food spoiling and increase in dryness. Moreover, it is used as one of the electrolytes that helps maintain proper muscle, nerve functioning, and body fluid through activities. Calcium chloride plays a vital role in preventing muscle spasms and maintaining bone health through sports drinks.
Calcium Chloride Market Dynamics
The global calcium chloride market is driven by the factors such as increasing demand for oil & gas drilling, increasing use of calcium chloride for winter road safety, and rising government spending on highway infrastructure.
Calcium chloride plays a vital role in waste water treatments to remove its impurities. Thus, industries such as metal working, petroleum, food processing, textile, and laundry add calcium chloride to their oily waste streams. The addition of calcium chloride leads to the floating of oil droplets to the water surface where they can be easily removed with the help of skimming.
Calcium chloride, when added to water, reacts with the contaminants such as sulfates, fluorides, phosphates, silicates, & several heavy metals and forms insoluble salts, which precipitate, settle, and can then be removed by skimming. Increasing need to remove undesired impurities from wastewater and rising preference for calcium chloride for flotation of oily wastes and precipitation of various inorganics is anticipated to fuel the market in the coming years.
Road authorities focus on keeping roads safe throughout the complete period of winter conditions. Calcium chloride assists road authorities to provide safe driving conditions. Ice can form quickly on the decks of bridges and overpasses, as the air can circulate above and below the surface of the elevated roadway, causing the pavement temperature to decrease rapidly.
Rock salt wetted with liquid calcium chloride or calcium chloride flake combined with salt and other abrasives, improve highway safety by rapidly melt snow and ice on the roads. Thus, road officials are increasingly focusing on the adoption of calcium chloride, as it is a cost-effective compound used for winter road safety.
Calcium chloride poses some critical health and safety hazards. According to Environment Canada’s website, studies indicate that road salts such as calcium chloride can lead to ecological problems in animals and plants caused by runoffs into the soil and waterway. Moreover, when ingested, calcium chloride can lead to a burning sensation in the throat and the mouth, vomiting, low blood pressure, excessive thirst, stomach pain, and other severe health effects. Ingestion of calcium chloride can cause cardiac disturbances, skin burns, seizures, and respiration issues. Thus, serious health risks associated with calcium chloride is expected to hamper the market in the near future.
Calcium chloride is considered as the least expensive and most effective accelerator in hydration process of cement that leads to quick setting of concrete. Advantages of calcium chloride in concrete include increased initial strength, prevention of freeze damage, reduced bleeding, improved workability, and reduced costs. These, in turn are expected to provide opportunity in the market in the long run.
Calcium chloride plays an important role for preparing flatwork in cold climate or cold weather conditions. Increasing ongoing and upcoming construction projects across the world is expected to provide a long-term opportunity for the growth of global calcium chloride market in the future.
Scope of Calcium Chloride Market Report
The report on the global calcium chloride market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
Details
Report Title
Calcium Chloride Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year
2022
Historic Data
2016 – 2021
Forecast Period
2023–2031
Segmentation
By Product Type ( Flakes 77%, Flakes 94%, Prills 94%, Pellets 94%, Liquid Grade, and Others), and By Application ( Ice Melting, Dust Control, Drilling Fluids, Industrial Processing, Concrete Acceleration, and Others)
Regional Scope
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report
Honeywell International Inc, Occidental Chemical Corporation, Solvay, Tetra Technologies, Inc., and Sitara Chemical Industries Ltd. among others.
Calcium Chloride MarketSegmental Outlook
By product type, the calcium chloride market has been segmented into flakes 77%, flakes 94%, prills 94%, pellets 94%, liquid grade, and others. The flakes 77% segment held a significant share of the market in 2019 and is anticipated to expand at a significant CAGR during the forecast period. The large share of the flakes 77% segment is attributed to the increasing production of agricultural products and rising usage of flakes 77% in pre-harvest treatments of vegetables, fruits, and crops foliage.
Moreover, strong presence of market players offering calcium chloride in forms such as flakes 77% is expected to boost the segment. The liquid grade segment is expected to expand at a considerable CAGR during the forecast period due the factors including increasing awareness the use of liquid grade calcium chloride for dust control on unpaved and gravel roads and rising inclination of consumers toward the liquid grade for de-icing purposes.
On the basis of application, the global calcium chloride (CaCl2) market is segmented into ice melting, dust control, drilling fluids, industrial processing, concrete acceleration, and others. The dust control segment held a substantial share of the market in 2019 and is anticipated to expand at a moderate CAGR during the forecast period.
The share of the dust control segment is attributed to the strong presence of gravel and unpaved roads and increasing research activities on dust control in various countries. Additionally, increasing need to keep the workers and roads safe during transportation of various materials and machineries is driving the segment.
According to the Federal Highway Administration (FHWA), unpaved roads accounts for almost 35% and stretched across 4 million miles of roadway in the US, and thus, road officials in the US are focusing on controlling dust on roads, propelling the demand for calcium chloride.
Calcium Chloride MarketRegional Outlook
In terms of regions, the global calcium chloride market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. India is a major consumer of petroleum in Asia Pacific.
Increasing production and exploration activities and rising demand for calcium chloride from the oil & gas industry is driving the segmental growth. Moreover, construction activities in China are growing due to greater infrastructure capacity and rising healthcare facilities for ageing population, which in turn, driving the need for calcium chloride in concrete acceleration.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Calcium Chloride Market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Calcium Chloride Market Performance
Key players in the market include Honeywell International Inc, Occidental Chemical Corporation, Solvay, Tetra Technologies, Inc., and Sitara Chemical Industries Ltd. among others. These companies are considered as key manufacturers of calcium chloride based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
The players are adopting key strategies such as merger, acquisition, and geographical expansion in order to strengthen their market position.
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