According to a new market report published by Acute Market Reports “Calcium Chloride Market Growth, Future Prospects and Competitive Analysis, 2021 – 2029,” the calcium Chloride market is expected to reach over US$ 1.98 Bn by 2029, expanding at a CAGR of 5.2% from 2021 to 2029.
Browse the full Calcium Chloride Market by Application Deicing, Dust Control, Drilling Fluids, Construction, Industrial Processing and Others (Food, Mining, Paper manufacture, etc.) and by geography North America, Europe, Asia Pacific, Latin America and Middle East & Africa - Market Growth, Future Prospects and Competitive Analysis, 2021 – 2029 report at https://www.acutemarketreports.com/report/calcium-chloride-market
Market Insights
On the basis of application, the calcium chloride market is segmented into Deicing, Dust Control, Drilling Fluids, Construction, Industrial Processing and Others (Food, Mining, Paper manufacture, etc.). Among these, deicing and dust control segments accounted for the largest segment by value in 2020 owing to high usage of calcium chloride in North America and Asia Pacific region for ice and snow removal, in oil-well drilling, for dust control and removal, accelerator and coagulant agent in many chemical and petrochemical industries.
For the purpose of this study, the global calcium chloride market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2020, North America was observed as the largest market for calcium Chloride followed by Asia Pacific and Europe. Asia Pacific is expected to achieve highest growth rate compared to other regions due to presence of countries such as China, India and Japan are observing significant industrial growth.
The calcium chloride market is highly consolidated with leading share held by only few players. In 2020, top 3-4 companies collectively held a share of close to 70% in the global market. Furthermore, the companies are focusing on expanding their business network, across regional markets. They are strengthening their market penetration by offering wide product range in the calcium chloride segment. Keg River Chemical, Occidental Petroleum Corp. (OxyChem), Qingdao Huadong Calcium Producing Co. Ltd., Solvay SA, Tangshan Sanyou Group, TETRA Chemicals (Tetra Technologies, Inc.), Tiger Calcium Services Inc., Ward Chemical, Ward Chemicals, Inc., Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd., Zirax Ltd., B. J. Services Company, etc. are few key manufacturers in global Calcium Chloride market.
Key Trends:
- Product differentiation in terms of formulations and aesthetic bottle design: Key business strategy
- Focus on developing skin-safe Calcium Chloride gels
- Growing application base (institutions, military, supermarkets, offices)
- The campaigns and promotional efforts have positioned Calcium Chloride gels as first line preventive measure against infection
- Heightened fear of contamination experienced during recent viral epidemics driving demand for Calcium Chloride gels
