Press release
North America liquid calcium chloride Market Segmentation Insights: Uncovering Niche Markets for Expansion in 2031
The North America liquid calcium chloride market is witnessing significant growth, with a market value of USD 652.1 million in 2021, projected to reach USD 935.2 million by 2027, and a CAGR of 6.02% during the forecast period. The market volume in 2021 was 4,847 kilo tonnes. Liquid calcium chloride is a widely used salt known for its versatility and flexibility, finding applications in industries, residential settings, and commercial sectors. The growth of the liquid calcium chloride industry in North America is primarily driven by its increasing use in the construction and agricultural sectors. However, the COVID-19 pandemic disrupted the supply chain, leading to challenges. Nevertheless, the market is expected to rebound as market players focus on strategic activities.
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Growth Influencers:
1. Increasing consumption of calcium chloride in the construction industry:
The construction sector's rising utilization of calcium chloride is fueling the market's growth in North America. Calcium chloride is commonly mixed with concrete water and added to cement and sand mixtures to accelerate the construction process. It enhances the foundation of concrete while regulating moisture content. The demand for calcium chloride in the construction industry is driving the market's growth.
2. Increasing use of calcium chloride in the agriculture sector:
Calcium chloride plays a crucial role in addressing the lack of calcium in vegetables and fruit-bearing plants, which can lead to physiological disorders and decay. Pre-harvest sprays of liquid calcium chloride offer supplemental growth and delay the aging process of plants. The agriculture industry is investing in liquid calcium chloride to improve plant growth, increase fruit size, and extend shelf life, thereby driving market growth.
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Segments Overview:
The North America liquid calcium chloride market is segmented based on type and application.
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