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Global calcium chloride Market analysis growing rapidly since 2018 as the market is boosted by its diversified use and by various industries such as deicing & dust control, oil & gas, construction industry and others. The market size is expected to increa
Market Research Future
According to MRFR’s analysis, the global calcium chloride market is expected to reach USD 1.49 billion by 2022, growing at CAGR of 4.1% from 2018.
It is expected to maintain this growth rate till 2024 and various industries are responsible for this. Maximum demand is from construction and gas & oil industries which is expected to continuously boost the even in the future. . In addition to this calcium chloride is used in food and beverages sector and this will further benefit in growth of the calcium chloride market.
Physical properties of calcium chloride includes odorless white powder, flakes or granules. It has density of 2.15 g/ml. melting point is 782 degree Celsius and boiling point is over 1600 degree Celsius.
The application of calcium chloride includes deicing, dust control, gas & oil production, construction and more. The application sector accounted for 40 % in the growth of global calcium chloride market in 2014. In deicing and dust controlling the use of calcium chloride is the most as a result it has the biggest application segment in the calcium chloride market. Deicing the functional property of calcium chloride to lower freezing point of water which has tremendously increased its demand in the market. The dust control & deicing sector will contribute maximum to the growth of the market mainly due to the growing usage of deicing agents in several developed nations for over the past few years.
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Market Highlights:
Calcium chloride is an ionic compound of calcium and chlorine. It is salt that is solid at room temperature and behaves typical ionic halide. It has several applications such as deicing & dust control, oil & Gas, construction and others.
The global calcium chloride market is growing at the CAGR of 4.1% from 2016 and it is expected to continue this growth till 2022 reaching 1.49 billion.
The growing demand for calcium chloride is anticipated to remain steady as it is the key chemical utilized for deicing. Its liquid form is used in deicing and dust control which accounted for 40% in the global market share of calcium chloride in 2015. The contribution of oil & gas segment in the growth of the calcium chloride market is anticipated to increase significantly due to the rising demand for the same. As it is used in completion fluids and drilling fluids. Therefore, in countries like U.S., Japan, and Canada calcium chloride is extensively used for managing the after effects of heavy snowfall.
Global Calcium Chloride Players:
BJ Services Company,
Occidental Chemical Corporation (OxyChem),
Qingdao Huadong Calcium Producing Co. Ltd.,
Solvay,
Tangshan Sanyou Group,
TETRA Chemicals (Tetra Technologies, Inc.),
Tiger Calcium Services Inc.,
Ward Chemical,
Weifang Haibin Chemical Co. Ltd.,
Weifang Taize Chemical Industry Co. Ltd.,
Zirax Group
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our cooked research report (CRR), half-cooked research reports (HCRR), raw research reports (3R), continuous-feed research (CFR), and market research & consulting services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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