Press release
Calcium Chloride Market Research Report 2018, Price Trend, Size Estimation, Branding Strategy and Global Forecast Analysis 2022
Calcium Chloride Market is expected to reach USD 1.49 billion by 2022, growing at CAGR of 4.1%
Calcium is an essential nutrients for plants and plays an important in strengthening of cell walls and plant tissues, whereas chloride is a micronutrient and is essential for photosynthesis and osmoregulation. The major applications of Calcium Chloride include its use as a de-icing agents (de-icers), for road stabilization and dust control, for industrial processing (additive in plastics, for calcium salt production, drainage aid for wastewater treatment etc.), as accelerator in concrete, and for oil and gas well fluids. The primary driver for the Calcium Chloride Market is its application as de-icers. Unlike conventional de-icers such as magnesium chloride, rock salt, urea, and others, calcium chloride has higher heat release properties. Therefore, the melt volume of Calcium Chloride is higher than these conventional de-icers. Additionally, it can be used to enhance the firmness of fruits & vegetables and for maintenance of their shapes while cooking and processing. It does not leave any toxic residue and is safe to be used in food & beverage industry. Thus, it can be concluded that the increasing penetration of the product in food & beverage industry is likely to augment the demand over the forecast period.
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Calcium Chloride Market- Competitive Landscape
Tiger Calcium Services Inc., QINGDAO HUADONG CALCIUM PRODUCING CO., LTD, TangShan SanYou Chemical Industries Co., Ltd., Solvay, Keg River, TETRA Technologies, Inc., Ward Chemical Ltd., Zirax Limited, BJ Services, Occidental Petroleum Corporation, Weifang Taize Chemical Industry Co., Ltd., and Weifang Haibin Chemical Co.,Ltd. are the leading players in Global Calcium Chloride Market. Some of the key developments observed in the market are adoption of the acquisition, merger, and expansion by players to strengthen their market position and meet the growing demand. Growing demand from major end-use industry coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Calcium Chloride in the global market. Considering these trends, the Global Calcium Chloride Market is set to witness considerable competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
October 05, 2017- ZIRAX Group, a global producer of synthetic calcium chloride pellets and related derivatives, including oilfield process, food and industrial chemicals, acquired stake of JSC NIIPAV (ENPAV), Russia. This was a strategic movement for the company to focus on the production of special oilfield chemicals business, in which the surfactants are extensively used. Both the companies are expected to combine powers to invest in surfactants, thereby developing the business sectors in niche markets of Russia, Europe, U.S., Middle East, North Africa, and India.
March 04, 2015- Gujarat Alkalies and Chemicals Ltd. decided to shut the calcium chloride plant at Vadodara complex due to the losses incurred by the plant. The management took this step in order to improve the profitability of the company.
September 23, 2014- TETRA Technologies had an agreement with Tessenderlo, a Belgium based company for the production and marketing of calcium chloride. The new calcium chloride plant was agreed to build by Tessenderlo. Simultaneously, the new plant was said to process hydrochloric acid from Tessenderlo’s sulphate plant.
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