Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Calcium chloride, chemically known as CaCl2, is an inorganic salt which is highly soluble in water. It stays as a colourless crystalline solid at room temperature, however it is deliquescent in nature. Apart from this, it is also found as white granules, flakes or powder. Moreover, as calcium chloride is hygroscopic, it is kept in airtight containers and used as a desiccant, i.e., a drying agent. It finds various applications across diverse industries such as medicine, food preservation, agriculture, metallurgy, paint, rubber, oil-well drilling and transportation. According to the latest IMARC Group’s recently published report titled “Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global calcium chloride market crossed a volume of 4 Million Tons in 2017, growing at a CAGR of 4.4% during 2010-2017.
One of the major factors driving the growth of the market is the increasing demand for calcium chloride in de-icing and dust control activities. It provides optimum blend of de-icing properties for streets, driveways, parking lots and sidewalk as compared to several conventional de-icers like rock salt, magnesium chloride and urea. This is due to the circular and compact molecular shape of calcium chloride which makes the melting faster. Additionally, busy lifestyles and rising disposable incomes have led to a surge in the demand for ready-to-cook and -eat food products across the globe, thereby maintaining the growth prospects of the calcium chloride market. Further, rising application range of calcium chloride in the construction, water treatment and agriculture industries is expected to create new opportunities for the market in the coming years. Looking forward, the market is projected to reach a volume of nearly 5 Million Tons by 2023, expanding at a CAGR of 3.4% during 2018-2023.
calcium chloride market
The market has also been segregated on the basis of grade into industrial grade and food grade, wherein industrial grade represents the largest segment.
On the basis of application, de-icing accounts for the majority of the total market share. It is followed by dust control, drilling fluids, construction and industrial processing.
Based on raw material, natural brine represents the leading segment, holding the largest share, followed by Solvay process (as a by-product), and limestone and hydrochloric acid.
Based on the product type, the market has been segmented as liquid, hydrated solids and anhydrous solids.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Amongst these, North America holds the biggest market share, representing the leading market.
The competitive landscape of the market has also been examined with some of the key players being Occidental Petroleum Corp., TETRA Chemicals, B. J. Services Company, Solvay SA, Tangshan Sanyou Group, Qingdao Huadong Calcium Producing Co. Ltd., Tiger Calcium Services Inc., Ward Chemical, Ward Chemicals, Inc., Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd., Zirax Ltd.
This report provides a deep insight into the global calcium chloride market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the calcium chloride market in any manner.
Key Questions Answered in This Report:
How has the global calcium chloride market performed so far and how will it perform in the coming years?
What are the key regions in the global calcium chloride market?
Which are the popular product types in the global calcium chloride market?
What are the major application segments in the global calcium chloride market?
What are the different grade types used in the global calcium chloride market?
What are the major raw materials for manufacturing calcium chloride?
What are the price trends of calcium chloride?
What are the various stages in the value chain of the calcium chloride market?
What are the key driving factors and challenges in the global calcium chloride market?
What is the structure of the global calcium chloride market and who are the key players?
What is the degree of competition in the global calcium chloride market?
How is calcium chloride manufactured?"