Calcium Formate Market Opportunities, Business Forecast To 2028

Calcium Formate Market size was valued at USD 580.0 million in 2021 and is expected to reach a value of USD 849.2 billion by 2028, growing at a CAGR of 5.8% during the forecast period 2022 to 2028. At normal temperature, calcium formate, the calcium salt of formic acid, is stable. It burns easily and forms orthorhombic crystals. Calcium formate is used as a masking agent in the chrome tanning of leather. The composition of the tannage is what makes it possible for the chrome to enter the leather more rapidly and efficiently. Moreover, it can be used in place of formic acid while pickling food. Calcium formate is used as a masking agent in the chrome tanning of leather. The tannage formulation's calcium formate aids the chrome's quicker and more efficient penetration of the leather. Calcium formate can also be used during the pickling process in place of formic acid. When calcium formate and calcium acetate are cooked together, acetaldehyde is created. Acetaldehyde is the main outcome, as demonstrated in the method above. Dry distillation of calcium acetate results in the production of acetone. Calcium formate is dry distilled to make formaldehyde. To create calcium formate, semi-water gas must first be cleaned of dust before being desulphurized, compressed, carbonised, and recompressed to 3-5 MPa to yield feed gas. This feed gas is then reacted with a turbid calcium hydroxide liquid in the presence of ammonia or amine to produce calcium.

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Calcium Formate Market Growth Factors:
Calcium formate is used to make cement-based mortars, concrete accelerators, tile adhesives, and additives. The need for calcium formate in the building industry is increased by increased cement use. In the construction industry, calcium formate is employed as a cement preservative to hasten the setting process and increase cement hardness. In addition to being utilised as a corrosion inhibitor and pH regulator, calcium formate is also employed in the construction of infrastructure substrates, their protection, and the drilling of oil. In China, a significant producer and consumer of cement, it is frequently used to make concrete. As a result, the growing demand for cement in the construction industry is what is driving the market for calcium formate.

Calcium Formate Market Segmentation:
1) By Grade: Industrial Grade, Feed Grade.
2) Application: Feed Additives, Tile & Stone Additives, Concrete Setting, Leather Tanning, Drilling Fluids, Textile Additives, Flue Gas Desulfurization.
3) End User: Construction, Leather & Textile, Animal Husbandry, Chemicals, Power Generation.

Calcium Formate Market Regional Analysis:
Due to the expansion of the building, chemical, leather and textile, and animal husbandry industries as well as increased usage of calcium formate, Asia-Pacific currently holds a monopoly on the market. The presence of significant important players will also contribute to the calcium formate market's expansion in the area over the course of the projected year. The calcium formate market is expected to expand significantly in Europe as a result of the expansion of the feed sector. Also, it is projected that the market for calcium formate in the region would rise in the coming years as a result of the use of calcium methanoate in a number of construction-related applications.

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Key players in the calcium formate market report are American Elements, Chongqing Chuandong Chemical (Group) Co. Ltd, GEO Specialty ChemicalsInc, Huanghua Pengfa Chemical Co.Ltd, Jiangxi Kosin Frontier Technology Co.Ltd., Lanxess AG, Perstorp Holding AB, Shandong Baoyuan Chemicals Co.Ltd. Sidley Chemical Co. Ltd, Zibo Ruibao Chemical Co. Ltd.

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