Press release
Calcium Chloride Market worth $6.80 billion by 2030, growing at a CAGR of 6.13% - Exclusive Report by 360iResearch
The "Calcium Chloride Market by Purity Level (74-77%, 94-97%), Form (Liquid, Solid), Grade, Application - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.The Global Calcium Chloride Market to grow from USD 4.22 billion in 2022 to USD 6.80 billion by 2030, at a CAGR of 6.13%.
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Calcium chloride (CaCl2) is a highly soluble, inorganic compound primarily known for its versatility and usefulness across various industries. It is a deliquescent salt and possesses hygroscopic properties that enable it to absorb moisture from its surroundings, making it an essential material for maintaining dry environments and controlling dust. The increasing demand for de-icing agents due to harsh winter conditions resulting from changing weather patterns drives the need for calcium chloride. In addition, rapid urbanization and infrastructure construction & development activities boost the demand for effective dust control solutions using calcium chloride compounds. Similarly, the growing global food processing industry contributes to increased consumption of calcium chloride as a firming agent in canned goods and cheese-making processes. However, the demand for availability of raw materials and storage and transportation of calcium chloride is a significant challenge hampering the growth of the market. Companies are working toward maintaining robust business growth within the calcium chloride market by building strong relationships with suppliers and logistics providers and overcoming supply chain challenges. Additionally, companies are working closely with suppliers to ensure the timely delivery of raw materials while sharing information regarding demand forecasts, production plans, and inventory levels. This collaborative approach enables both parties to address challenges effectively by pooling resources and expertise when needed. Moreover, the continuous research and development activities in agricultural applications and increasing utilization of calcium chloride in oil drilling operations subsequently contribute to the future expansion of calcium chloride.
In the Americas, countries, including the United States and Canada, witnessed a potential demand for calcium chloride due to its use in de-icing and dust control applications and its role in the oil & gas industry for drilling fluids. The United States witnessed increased demand for CaCl2 as an important compound in various sectors such as food & beverage, pharmaceuticals, and wastewater treatment. Canada holds a significant share of the American calcium chloride market due to its robust industrial sector, which utilizes this compound for various applications, including dehumidification, water treatment, and cement production. In Europe, countries such as Germany, France, Italy, and Spain demonstrate an increased demand for calcium chloride in applications such as freeze-proofing and refrigeration equipment. Additionally, EU regulations supporting environmental sustainability have led to a growing emphasis on eco-friendly alternatives to traditional road salt, bolstering the market growth of calcium chloride. The Middle East and Africa region showcases a substantial need for calcium chloride in oilfield operations owing to its extensive hydrocarbon reserves. With its ongoing infrastructure development projects, Africa presents ample opportunities for calcium chloride usage in construction activities such as soil stabilization and cement production. In APAC, emerging markets such as India and China offer growth opportunities for the calcium chloride industry due to expanding industrial sectors such as construction and agriculture. China has witnessed steady growth within its domestic market, driven by various sectors such as agriculture, chemical manufacturing, and waste processing. India experiences a growing demand for calcium chloride owing to its burgeoning pharmaceutical and food processing sectors and its involvement in building construction and infrastructure projects.
Market Segmentation & Coverage:
This research report categorizes the Calcium Chloride Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Purity Level, market is studied across 74-77% and 94-97%. The 74-77% commanded largest market share of 68.05% in 2022, followed by 94-97%.
Based on Form, market is studied across Liquid and Solid. The Solid is further studied across Crystal, Flakes, and Powder. The Solid commanded largest market share of 78.01% in 2022, followed by Liquid.
Based on Grade, market is studied across Agriculture Grade, Food Grade, Industrial Grade, and Pharmaceutical Grade. The Industrial Grade commanded largest market share of 54.30% in 2022, followed by Agriculture Grade.
Based on Application, market is studied across Agriculture, Construction, De-Icing & Dust Control, Drilling Fluids, Food & Beverages, and Healthcare. The De-Icing & Dust Control commanded largest market share of 36.89% in 2022, followed by Construction.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, North Carolina, Ohio, Pennsylvania, South Carolina, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Czech Republic, Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 41.12% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Calcium Chloride Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Calcium Chloride Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Calcium Chloride Market, highlighting leading vendors and their innovative profiles. These include Aarti Industries Limited, American Elements, Auro Chemical Industries Pvt. Ltd., Gujarat Agri-Chem Industries Private Limited, Hawkins, Inc., Hill Brothers Chemical Co., Koruma Şirketler Grubu, LobaChemie Pvt. Ltd., Merck KGaA, Nama Chemicals Company, Nedmag B.V., Occidental Petroleum Corporation, Oren Hydrocarbons, Sahara International Petrochemical Co., SaiChem Industries, Sameer Chemicals, Shandong Haiwang Chemical Co., Ltd., Sinochem Holdings Corporation Ltd., Sitara Chemical Industries Limited, Solvay S.A., Spectrum Chemical Mfg. Corp., Tangshan Sanyou Chemical Industries Co., Ltd., Tata Chemicals Ltd., TETRA Technologies, Inc., The Sanmar Group, Tiger Calcium Services Inc., Vizag Chemicals, Ward Chemical, Weifang Bell Chemical Co., Ltd., Weifang Haibin Chemical Co., Ltd., Weifang Taize Chemical Industry Co., Ltd., and Zirax.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Calcium Chloride Market, by Purity Level
7. Calcium Chloride Market, by Form
8. Calcium Chloride Market, by Grade
9. Calcium Chloride Market, by Application
10. Americas Calcium Chloride Market
11. Asia-Pacific Calcium Chloride Market
12. Europe, Middle East & Africa Calcium Chloride Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Calcium Chloride Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Calcium Chloride Market?
3. What is the competitive strategic window for opportunities in the Calcium Chloride Market?
4. What are the technology trends and regulatory frameworks in the Calcium Chloride Market?
5. What is the market share of the leading vendors in the Calcium Chloride Market?
6. What modes and strategic moves are considered suitable for entering the Calcium Chloride Market?
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