Global Calcium Formate Market Predicted to Grow to $804.7 Million by 2033

The Calcium Formate market is anticipated to grow at a CAGR of 4.2% over the course of the forecast period, with a valuation of US $ 804.7 million by the end of 2033.

Since calcium formate is frequently used in the tanning of leather, it is anticipated that sales of luxury products made from leather would rise as the global market is driven by an increasing number of high net worth individuals. Long-term increases in the demand for products generated from animals and the growing world population are expected to have a similar effect on the consumption of calcium formate.

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Over the next ten years, a number of other factors could impact market potential, such as the speed at which industry and urbanisation are developing, the amount of money spent on infrastructure development, the growing use of additives in construction applications, and the growing use of calcium compounds such as calcium methanoate, calcium citrate, and calcium sulphate.

Key Companies Profiled in this Report

Shandong Baoyuan Chemical Co.
Zouping Fenlian Chemical Co. Ltd.
Jiangsu Ruiyang Chemical Co. Ltd.
Lanxess AG
GEO Specialty Chemicals
Feicheng Acid Chemical Co. Ltd.
PuYang YongAn Chemical Co. Ltd. (YACC)
ZIBO RUIBAO CHEMICAL CO. Ltd.
Perstorp Holding AB Ltd.

Key Driving Forces Accelerating the Market Growth

Increased awareness of the health risks associated with high sodium intake, such as hypertension and cardiovascular diseases, has spurred a growing demand for low-sodium alternatives. Consumers are actively seeking healthier food options, including low-sodium salt, to reduce sodium intake without compromising on taste. Governments worldwide are also implementing regulations to lower sodium levels in processed foods, driving food industry adoption of low sodium salt through mandatory reduction targets and labeling requirements.

In the United States, the residential construction sector is set to drive demand for calcium formate in the coming years. Government support and increased investment in new construction projects are expected to boost adoption rates over the next decade. Concurrently, the rising incidence of chronic diseases, particularly cardiovascular conditions and hypertension, continues to propel the market for low-sodium products. Consumers are increasingly incorporating low-sodium diets into their lifestyles for disease prevention and management, further stimulating growth. Additionally, evolving consumer preferences towards healthier food choices and clean-label products are influencing the market, with natural and mineral-rich low sodium salts gaining popularity as preferred ingredients.

Vital Indicators Shaping The Future Of The Industry

Calcium Formate serves dual roles in both the construction and animal nutrition industries. In construction, it is widely used as an additive in cement-based formulations, benefiting from the growth in urbanization, infrastructure projects, and residential and commercial construction activities. Simultaneously, Calcium Formate plays a crucial role in animal nutrition as a feed additive, supporting the health, growth, and performance of livestock amid rising demand for high-quality animal protein products like meat, milk, and eggs. Environmental considerations, including stringent regulations and a shift towards sustainability, further drive its market growth, positioning Calcium Formate as a preferred eco-friendly alternative due to its lower carbon footprint and biodegradability. Ongoing research and development in concrete technology also enhance its application potential, promising advancements in properties such as setting time, early strength development, and durability against freezing and thawing cycles in specialized concrete formulations.

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Competitive Landscape

In the competitive landscape of calcium formate manufacturing, leading companies are strategically expanding their market presence through mergers, acquisitions, and collaborations. LANXESS AG, a German specialty chemicals company, exemplifies this strategy with its recent acquisition of International Flavors & Fragrances Inc.'s microbial control business in July 2022. This move is aimed at enhancing LANXESS's portfolio with a broader range of preservatives, disinfectants, and antimicrobial ingredients.

Moreover, key players in the calcium formate sector are expected to ramp up investments in research and development. These investments are intended to diversify the applications of calcium-based chemicals and bolster production capacities to meet growing global demand. This strategic focus underscores the industry's commitment to innovation and expansion in response to evolving market dynamics and sustainability goals.

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This release was published on openPR.