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Calcium Formate Market Growth Factors, Key Players and Forecast By 2024
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Calcium formate has the ability to accelerate the setting time of concrete. Calcium formate and mixture of ammonium nitrate or peroxide, chlorate, superoxide, perchlorate, or permanganate of an alkali metal speedily evolve large volumes of gas when ignited. This gas can be useful for the inflation of automobile passenger restraint bags or other similar applications. Calcium formate is preferred as a fuel component in explosives designed to have improved deflagration behavior. Mixture of calcium formate with urea is an excellent agent for ice-melting. Calcium formate is preferred as an additive to improve solution stability of various resins, as a corrosion inhibitor in molding and wire-drawing operations, and as a catalyst in place of calcium acetate.
Calcium formate is a potential food additive and animal feed. It is suitable for use in pig and poultry diets. Calcium formate helps stabilize enzymes in detergents. The growing cement & leather industry is expected to drive the global calcium formate market in the next six years. The global calcium formate market is projected to expand at a steadily paced CAGR from 2016 to 2024.
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Calcium formate is calcium salt of formic acid. It is typically odorless. Calcium formate exists as a white, free–flowing, crystalline solid. It is also known as formic acid calcium salt, calcium diformate, or calcoform. The molecular formula of calcium formate is C2H2CaO4. The salt can be produced synthetically from high-temperature and high-pressure reaction between calcium hydroxide and carbon monoxide. Calcium formate is also available industrially as a byproduct, from the preparation of pentaerythritol and other polyhedric alcohols and of disodium dithionite. It is a handy source of calcium and formate ions for aqueous solutions. Calcium formate is non-hygroscopic and it has low toxicity. The salt may cause irritation to skin and eyes. It can also cause gastrointestinal irritation with nausea, vomiting, and diarrhea.
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