ID: MRFR/CnM/1517-HCR | February 2021 | Region: Global | 135 pages
The calcium chloride market overview highlights that the market will reach $1.53 billion with a CAGR rate of 4.3% during the calcium chloride market forecast period.
Calcium chloride is an inorganic compound, and it is produced from neutralizing calcium hydroxide and hydrochloric acid. It is a white crystalline solid that is soluble in water, and it is used in many industries. It is used in plastic, de-icing, wastewater treatment plants, construction, and blast furnaces. Calcium chloride is very effective in reducing ice formation on road surfaces, and it is widely used as dicer. Also, it can use the life of food products, and it has a high demand in food processing operations due to that. Also, by adding calcium chloride into concrete, the hydration rate of fresh concrete is increased, and it reduces the water content rapidly. The calcium chloride market will see significant growth in the coming years.
Calcium chloride is a salt that acts as an ionic halide, and it stays in a solid-state at a normal room temperature. It has a wide range of applications in paint, agriculture, rubber food preservation, medicine, and transportation. In the food sectors, calcium chloride is used for cheese production, meat tenderization, beer brewing, and canned fruits. The rising global population with increasing per capita income of people is fueling the growth of the food industry; as a result, it is increasing the calcium chloride market demand. Calcium chloride has the deliquescent property that absorbs moisture from the air and creates a thin coating of liquid on each first particle that adds density in the roadway. That is why calcium chloride has a large application in road construction and mining application. Calcium carbonate also plays a vital role in the concrete industry. Concrete hydration is a method that slows down at low temperatures, due to which an accelerator is needed to gain high strength. That is why calcium chloride is used to accelerate the hydration process.
The growing demand for calcium chloride in de-icing activities is expected to increase the calcium chloride market growth. Also use of calcium chloride in the roads, pools, office buildings have increased in the past few years, and it is expected to increase the calcium chloride market demand. Apart from that, calcium chloride is highly used in the food sector to keep food items fresh and safe. It is used as a firming agent in canned fruits and vegetables. It is also used it produces many food items, and increasing consumption of these food items will drive the calcium chloride market demand in the calcium chloride forecast period.
Just like other markets, the global calcium chloride market is also severely affected by the covid-19 outbreak. The government in many regions imposed lockdown to reduce the covid-19 cases. Due to this, the oil & gas prices, Industrial activities, construction work, and food production declined. As a result, it will hamper the calcium chloride market growth. The construction sector is one of the major contributors to the calcium chloride market, but the lockdown and social distancing in the covid-19 situation have nearly stopped the operation. Also, due to the lockdown, transportation in many countries and national and international service has stopped. Due to the disturbance in the supply chain in numerous regions across the globe, the calcium chloride market trends had declined. In this covid-19 pandemic, many people went through a financial crisis; as a result, it impacted their food consumption. As a result, the calcium chloride market trends decreased. Insufficient raw materials will be a major problem in the production of calcium chloride in the forecast period.
The calcium chloride market goes through many problems, and it is called market restraints, and these market restraints hamper the calcium chloride market growth. But there are some factors that are boosting the demand of the market, and those are called market drivers.
One of the major drivers in the calcium chloride market is the increasing demand for food products in consumers. Calcium chloride is used for cheese production, beer, tenderization of meat, and in vegetables and fruits. The increasing income of people is boosting the growth of the food industry, and it is fueling the calcium chloride market growth. Calcium chloride is also used in the maintenance of haul roads and mining applications, and it is driving the calcium chloride market size. Apart from that, calcium chloride is also used as an effective accelerator in the concrete industry, and it is used to accelerate the hydration process of concrete; as a result, it is boosting the demand of the calcium chloride market. Calcium chloride is also used to increase the taste of drinking water, construction of roads, highways, and pools in individual houses. Huge application of calcium chloride in the construction sector as a dust-controlling agent has increased the calcium chloride market size. Furthermore, the need for calcium chloride in de-icing activities and oil & gas industries will increase the demand in coming years. The market will grow more in the forecast period owing to the demand for calcium chloride in various sectors.
The lifestyle of people is changing, and their per capita income is rising. With better income levels, the consumption of food products is increasing. As a result, it has become a big opportunity for the calcium chloride market because food production involves calcium chloride. Government taking initiatives to make better roads and infrastructure. The calcium chloride used in building roads and other construction work will generate opportunities for the calcium chloride market. Apart from the water treatment, agricultural and animal sterilization is expected to create opportunities for the market.
There are some dangerous health effects of calcium chloride on the body. Consuming excess chloride can cause serious diseases and illnesses. Many dangerous problems like kidney stones, muscle spasms, irregular heartbeat, and joint pain can arise. And these problems can be the major restraints hampering the growth of calcium chloride market size. Also, the de-icing with calcium chloride is not considered a safe method due to the deposition of excessive chloride levels and heavy metal contamination.
There are many challenges faced by the calcium chloride industry, just like other markets. In some underdeveloped areas, the lack of availability of raw materials needed to produce calcium chloride had become a challenge for the market. The key players are trying their best to overcome these challenges by increasing the demand of the market.
Cumulative growth analysis
According to calcium chloride market analysis, the market will reach $1.53 billion with a CAGR rate of 4.3% during the calcium chloride market forecast period.
The global calcium chloride market is segmented on the basis of form, grade, application, end-user industry, and region.
The major regions in the market are North America, Europe, Asia Pacific, and the rest of the world. North America was responsible for the highest calcium chloride market share in 2017, with 40%. And it is expected to the leading region of the calcium chloride industry in the forecast period, according to calcium chloride market analysis. Due to the rapid consumption of calcium chloride as a de-icing agent, and application of the calcium chloride in pharmaceutical and drilling fluids, the market is growing in this region. The European region holds the second-highest calcium chloride market share with a healthy CAGR. Asia Pacific is expected to register a significant CAGR due to the increasing demand for calcium chloride in the construction sector. China is the leading country due to the high consumption of the product in the agriculture and food sectors.
The major key players in the market are:
December 2021- A group of researchers at Harvard University and Brigham and Women’s Hospital recently developed a microbial ink or hydrogel to 3D print living materials. As per the researchers’ statements, the latest material can release drugs or eradicate chemical toxins from the environment. This might give rise to the revolution in cancer research or advanced applications in outer space.
The researchers integrated modified protein nanofibers and the bacteria Escherichia coli (E.coli) into the ink with this concept in heads. E.coli is a member of the enterobacteria family that is usually found in the microbiota of the gastrointestinal tract of humans and homeothermic animals. The blend of E.coli and alginate was3D printed on a calcium chloride surface. This is due to the alginate molecules cross-linking on this base to create a solidified gel. The researchers commented about the fabrication process that though inkjet printing, lithographic techniques, screen printing, and contact printing are already explored for the printing of microbes, this extrusion-based bioprinting is now one of the most broadly used techniques owing to its compatibility, simplicity, and cost-effectiveness.
December 9, 2020- an Indian management construction firm has been awarded a contract for the expansion of Chlor-alkali plants.
|Market Size||USD 1.53 Billion|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Form, Grade, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Chemical Corporation (US), Solvay (Belgium), Tangshan Sanyou Group Co., Ltd (China), TETRA Technologies, Inc (US), Ward Chemical Ltd (Canada), Weifang Haibin Chemical Co., Ltd (China), Zirax Limited (UK), Nedmag B.V. (The Netherlands), Auro Chemical Industries Pvt. Ltd (India), and Sulaksh Chemicals (India)|
|Key Market Opportunities||The increasing number of potential applications of calcium chloride in industries such as water treatment, agricultural, construction, and animal sterilization is expected to create lucrative opportunities|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Asia Pacific is expected to register the highest CAGR rate in the forecast period.
Weifang Haibin Chemical CoWard Chemical Ltd (Canada)Zirax Limited (UK), Nedmag B.V. (The Netherlands), Auro Chemical Industries Pvt. Ltd (India), Ltd (China), Occidental Chemical Corporation (US), Solvay (Belgium), Tangshan Sanyou Group Co., Ltd (China), TETRA Technologies, Inc (US), Sulaksh Chemicals (India) are the major key players in the calcium chloride market.
North America, Europe, Asia Pacific are the major regions in the calcium chloride market.