Global Calcium Chloride Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
The calcium chloride is the ionic compound of calcium and chlorine. This is a salt, which is solid at room temperature and which behaves as a usual ionic halide. It has various common applications like brine for refrigeration plants, dust and ice control on roads, and in cement. This can be produced directly from limestone, but huge amounts are also produce as a by-product of the solvay process. Due to of its hygroscopic nature, this must be kept in tightly-sealed container.
The global calcium chloride market is expected to reach from $ 917 million in 2016 to $ 1,209 million by 2022 rising at CAGR (Compound Annual Growth Rate) of about 6 % over the forecast period . The global demand for calcium chloride is increasing due to its rising demands from gas & oil industries and that trend is estimated to persist even during the anticipated period. A growing application range of calcium chloride in the segment of construction is also projected to robust the growth of the global market during the coming period.
Calcium chloride market is majorly driven by huge demand for de-icing agent and dust control application. The de-icing agent and dust control application accounted for above 45% share of the total market in 2014. The calcium chloride is majorly used in the several applications such as constructions, oil and gas, food, medicines, etc. The calcium chloride is useful in swimming pool water as a pH buffer and also to adjust the calcium hardness of the water. This is used in concrete combines to help speed up the beginning setting in construction. Hence the rising demand of luxurious life style is accountable for the growth of calcium chloride market.
North America held more than 45% market share of calcium chloride in 2014 and demand for calcium chloride is expected to be high in the region due to high demand for de-icing salt. The Asia Pacific is projected to be the rapidly growing region in the global calcium chloride market during the coming period. China and India are the key consumer of calcium chloride owing to increasing demand in end-user industry such as oil & gas, food, and pharmaceuticals. The Europe is estimated to expand at a reasonable rate during the coming period due to regulation imposed on the usage of calcium chloride by government. The regional markets of calcium chloride in the Middle East & Africa are estimated to grow at a slow rate. And on the other hand, the requirement for calcium chloride in oil and gas as well as dust control application is anticipated to grow considerably in this regions in the coming years.
The global market of calcium chloride is moderately concentrated, and almost 5 players accounted for above 60% share in 2014. Several of the major players present in the global market of calcium chloride are Tiger Calcium Services Inc., Tangshan Sanyou Group, Qingdao Huadong Calcium Producing Co. Ltd., and Keg River Chemical, Solvay SA, TETRA Chemicals (Tetra Technologies, Inc.). Various strategies follow by them to compete in the market are merger acquisition, product launch, etc.
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