Worldwide calcium chloride market has been observing vital growth in last few years due to increase in application demand in dust control services and de-icing activities. Demand for calcium chloride is increasing due to rising demand from oil & gas business sectors. This market trend is predicted to continue during the estimated time span. Growing importance and significance of calcium chloride application in real estate business segment is also estimated to stimulate the growth, expansion and development of calcium chloride market. Further, growing use of calcium chloride in food processing sector as a preservative is likely to propel the growth of calcium chloride market in next few years. However, its negative effects include kidney stones, pain in bones, Coma and irregular beating of heart beats owing to over consumption of calcium chloride in diet. These aspects are predicted to hinder the growth of the calcium chloride market over the estimated time span. Rising potential uses of calcium chloride in farming and waste & sewage treatment industry is expected to open new vistas and avenues for the investment in this business sector in future.
End -use applications of calcium chloride market comprise contraction, de-icing, oil & gas applications, dust control applications and its targeted uses & applications in metallurgy sector as well as in food processing industry. Dust control and de-icing are the biggest application sections for calcium chloride market. This section is expected to observe above average growth due to rising use of de-icing agents in the developed economies for over past few years. This trend is going to persist over the estimated time span.
Road & Construction was the second biggest business application section of calcium chloride market in year 2013. Rising infrastructural growth & expansion combined with rise in government fiscal budget & expenditure on flyovers and roads is expected to drive the growth of calcium chloride market in next few years. Oil & gas is expected to observe a high rate of growth due to rise in ongoing drill activities/events in different regions of North America and Asia Pacific.
North America was the biggest market for calcium chloride industry in year 2013 followed by Europe. Calcium chloride is used as a de-icing agent due to severe cold weather climatic conditions arising in North America. Calcium chloride market in APEC region is predicted to experience high growth due to increase in demand for calcium chloride from end use industries in this region. Further, increased government investment & spending on infrastructural growth, development and expansion is likely to drive the growth of calcium chloride market in future.
Main industry players who are into the business of calcium chloride market are Qingdao Huadong calcium producing company limited, tetra technologies incorporation , BJ services company and ward chemicals incorporation.
