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Calcium Formate Market Trends, Regulations And Competitive Landscape Outlook 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.
Asia Pacific is projected to be the speedily expanding market for calcium formate in the next six years. The key reason for this is the rising demand for calcium formate from developing countries such as China and India. Cement and leather are the major end-user industries of calcium formate. Asia Pacific is also the leading producer of calcium formate, followed by Europe.
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Some of the major companies operating in the global calcium formate market are Perstorp Holding AB, ZIBO RUIBAO CHEMICAL CO., LTD., Shandong Baoyuan Chemical Co., Ltd., LANXESS AG, GEO Specialty Chemicals, Chongqing Chuandong Chemical (Group) Co., Ltd., Jiangsu Ruiyang Chemical Co., Ltd., Shandong Xinruida Chemical Industry Co., Ltd., Hangzhou Focus Chemical Co., Ltd., Zouping Fenlian Chemical Co., Ltd., PuYang YongAn Chemical Co., Ltd. (YACC), Feicheng Acid Chemical Co., Ltd., and Hubei Hengxin Chemical Co., Ltd.
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