Calcium Formate Market, Report Historical, Current, and Projected Size, in terms of value 2031 | SIDLEY CHEMICAL CO., LTD., Zouping Fenlian Biotech Co.

The calcium formate Market size is valued US$ 860 Million in 2024 and is expected to reach US$ 1,250 Million by 2031, growing at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. Calcium formate is an inorganic salt that contains calcium and formate ions. It is primarily used as an animal feed additive. There are two main types of calcium formate available - anhydrous and hydrated form.

Market Overview:

Calcium formate is a non-hazardous organic compound that is predominantly used as a feed additive, concrete setting accelerator, and de-icing agent. It finds wide applications in construction, food industries, and as a leather preservative.

Market Dynamics:

Calcium formate finds major application as an additive in concrete where it helps in accelerating the setting time and increasing early compressive strength of concrete mixtures. It is also used as a preservative and feed supplement especially for ruminant animals. The global construction industry has been witnessing strong growth over the past few years owing to rapid urbanization and industrialization in emerging economies. Additionally, the demand for animal feed has been increasing significantly globally to meet the rising protein demand which is expected to augment the demand for calcium formate over the forecast period.

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Major Drivers of Growing Demand for Calcium Formate in Animal Nutrition Industry

The ever-increasing global animal feed industry has been driving significant growth in the calcium formate market. Calcium formate acts as an acidifier, preserving agent and protects against mycotoxins in animal feed and thus widely used as a feed additive. The animal feed industry has been steadily growing due to rising meat consumption worldwide. According to various research reports, the global compound feed market is expected to reach around USD 650 billion by 2027, growing at over 5% CAGR. This consistent rise in demand for compound animal feed will translate to higher consumption of calcium formate as a key feed additive.

Another key driver has been growing awareness about the benefits of using calcium formate in animal feed like improved digestibility, gut health and higher feed conversion rate among livestock farmers. Various research studies have highlighted how calcium formate enhances nutrient absorption and performance of animals. This has prompted many large cattle and poultry farms to regularly use calcium formate supplements. Government initiatives in major countries are also supporting the growth of organised livestock sector. All these factors are expanding the customer base for calcium formate significantly.

Major Market Restrain for Calcium Formate Adoption in Construction Industry

Availability of substitutes presents a major challenge for calcium formate suppliers in the construction sector. In concrete production, sodium formate and calcium chloride are identified as the most common alternatives to calcium formate. While sodium formate shares similar properties as a setting time modifier and strength enhancer, calcium chloride also finds applications as a setting accelerator and corrosion inhibitor. Both the substitutes are generally more cost-effective than calcium formate. This cost competitiveness makes substitutes a more attractive option especially for price-sensitive small and medium construction projects. Substitute availability has restricted calcium formate usage only for certain specialised construction applications that require its precise functional properties. Overcoming the price disadvantage against alternatives is a key market restraint calcium formate suppliers must address.

Major Market Opportunity for Calcium Formate in Oil & Gas Industry

Increasing exploration and drilling activities in the oil and gas industry worldwide presents a big market opportunity for calcium formate. Calcium formate is an important drilling fluid additive used for wellbore stability, shale inhibition and fluid loss control in drilling operations. With rising energy demands, oil companies are aggressively pursuing exploration of unconventional resources like shale oil and tight gas which require complex drilling techniques. This has fueled higher consumption of drilling fluids and additives. The global drilling fluids market valued at over USD 8 billion in 2020 is anticipated to grow at around 4-5% until 2028. Thus, the expanding oilfield services sector opens up new revenue streams for calcium formate producers to target the upstream oil and gas industry.

Worldwide major and leading players within the market are:

★ SIDLEY CHEMICAL CO.
★ Zouping Fenlian Biotech Co., Ltd.,
★ American Elements
★ Wujiang yingchuang chemical co.
★ Minerals Technologies Inc.
★ Cerne Calcium Company
★ LANXESS
★ Perstorp Holding AB
★ Chongqing Chuandong Chemical (Group) Co. Ltd.
★ Zibo ruibao chemical Co.
★ Henan Botai Chemical Building Material Co., Ltd.,
★ Shandong Baoyuan Chemical Co. Ltd
★ Jiangxi Kosin Frontier Technology Co., Ltd.,

Segmental Overview

Calcium Formate Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Calcium Formate market are illuminated below:

Global Calcium Formate Market, By Product Type:

★ By Grade: Feed Grade, Industrial Grade
★ By End-use: Construction, Leather & Textile, Animal Husbandry, Power Generation, Other End-use

Global Calcium Formate Market, By Applications:

★ By Application: Feed Additive, Concrete Additive, Textile Dyeing & Finishing, Other Applications

Regional Analysis for Calcium Formate Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Calcium Formate Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Calcium Formate market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Calcium Formate market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Calcium Formate market?
➥ What current trends will influence the Calcium Formate market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Calcium Formate market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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