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Calcium Formate Market Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2031
Transparency Market Research delivers key insights on the global calcium formate market. In terms of revenue, the global calcium formate market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global calcium formate market.
The global calcium formate market is broadly affected by several factors, including usage of calcium formate in cement and concrete admixture.
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Calcium Formate Market: Key Players
The global calcium formate market is fragmented with the presence of a large number of players. Key players operating in the global calcium formate market are Lanxess, Perstorp Group, Geo Specialty Chemicals, American Elements, Henan Botai Chemical Building Material Co., Ltd., and Zibo Ruibao Chemical co., LTD.
Calcium Formate Market: Dynamics
The increase in demand for calcium formate in building & construction is projected to drive the calcium formate market during the forecast period. Calcium formate is utilized as a cement additive in the construction industry, as it helps to increase the strength of cement products. It is employed to provide strength to bricks & blocks, concrete, and adhesives. Calcium formate is also used as a PH regulator. It acts as a corrosion protector, and is utilized for cementation process of drilling oil. Thus, rise in the demand for cement in the construction industry is estimated to drive the calcium formate market during the forecast period.
The expansion of the construction sector in Asia Pacific is expected to boost the demand for cement and cement-bound building materials over the next few years. This is anticipated to fuel the demand for accelerating additives such as calcium formate. Calcium formate can be employed as a substitute for calcium propionate. It can be used as an anti-corrosion and anti-mildew agent. It can replace citric acid and fumaric acid when employed as a feed acidifier.
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Calcium Formate Market: Prominent Regions
Asia Pacific is a highly lucrative region of the global calcium formate market. China is expected to hold a major share of the market in the region during the forecast period. Expansion of the construction sector and high availability of raw materials are key factors driving the demand for calcium formate in China.
Asia Pacific is anticipated to be a highly lucrative region of the global calcium formate market over the next few years driven by the escalating trends in the animal feed industry in the region.
The demand for meat products has been increasing in Asia Pacific, due to the expansion of the middle class population. Sustainability of animal diets is crucial in the development of livestock production. Furthermore, the expansion of the construction industry in the region, which has driven the demand for calcium formate in concrete & remicon additives, is projected to propel the market in the near future.
Region Covered in Calcium Formate Market
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Increase in Consumption of Raw Materials in End-use Industries Propels Market Demand in APAC
The vast variety of applications of calcium formate in numerous industries such as in the leather industry as a masking agent in the chrome-tanning process, is driving the calcium formate market. The addition of calcium formate to the tannage formulation develops faster, more effective penetration of the chrome in the leather. Moreover, as an additive to grouts and cement, calcium formate allows several features useful in the final product. The addition of calcium formate is useful at low temperatures and imposes restraint of corrosion of metal substrates.
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Calcium Formate Market, by Application
Concrete & Remicon (Ready-mix Concrete) Additives
Animal Feed
Textile Dyeing & Finishing
Others (including Anti-corrosion Additive, De-icing Agent, and Oil Well Drilling)
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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