[214 + Pages Report] According to a market research study published by Zion Market Research, the demand analysis of Global Calcium Chloride (CaCl2) Market size & share revenue was valued at around USD 1300 million in 2022 and is estimated to grow about USD 1840 million by 2030, at a CAGR of approximately 4.40% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Zirax Ltd, Weifang Taize Chemical Industry Co. Ltd, Weifang Haibin Chemical Co. Ltd, Ward Chemicals, Tiger Calcium Services, Qingdao Huadong Calcium Producing Co. Ltd., Tangshan Sanyou Group Co. Ltd., Solvay S.A., B. J. Services, Tetra Technologies Inc., and Occidental Petroleum Corp., and others.
New York, NY, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Calcium Chloride (CaCl2) Market By Application (Food & Beverages, Construction, Healthcare, Agriculture, Drilling Fluid, Dust Control, And De-Icing), By Grade (Industrial Grade, Agriculture Grade, Pharmaceutical Grade, And Food Grade), By Raw Material (Limestone & HCL, Solvay Process, Natural Brine, And Others), By Product Type (Anhydrous Solid, Hydrated Solid, And Liquid), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030.” in its research database. Lime Chloride
“According to the latest research study, the demand of global Calcium Chloride (CaCl2) Market size & share in terms of revenue was valued at USD 1300 million in 2022 and it is expected to surpass around USD 1840 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.40% during the forecast period 2023 to 2030.”
What is Calcium Chloride (CaCl2)? How big is the Calcium Chloride (CaCl2) Industry?
The global calcium chloride (CaCl2) market size in terms of market volume was valued at USD 1300 million in 2022 and is predicted to surpass USD 1840 million by the end of 2023. The global calcium chloride (CaCl2) market is expected to grow by a CAGR of 4.40%.
The cations of calcium and the anions of chlorine combine to form the salt known as calcium chloride. Nevertheless, the production of calcium chlorides is not harmful to the surrounding ecosystem in any way. It has a colour that is in between off-white and white. In addition to this, it has excellent solubility in natural environments and hygroscopic qualities. It is a salt that has a lower potential for corrosiveness and does not do any harm to the environment. The transportation industry, the food and beverage business, the pharmaceutical industry, and the oil and gas industry all make significant use of calcium chloride.
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Global Calcium Chloride (CaCl2) Market: Growth Factors
The expansion of activities related to the development of infrastructure is anticipated to be a driving force behind the expansion of the global market.
Due to the one-of-a-kind qualities it possesses, calcium chloride is the primary component that is utilised in the building industry. As a result of its ability to hasten the drying process of concrete, it finds widespread application as a component of concrete accelerators. Because it aids in absorbing moisture and warming up the concrete to help it settle more quickly, it takes on an increased level of significance during the winter season. However, one of the most important contributors to the expansion of the worldwide calcium chloride (CaCl2) market is the continual process of infrastructure construction that is occurring all over the world. The demand is considerable from all different types of economies, including those that are developed, underdeveloped, and still developing.
In addition, the real estate sector is currently operating at its highest level, which, in turn, is anticipated to further expand the industry's reach. Because it may be used in so many different ways, calcium chloride is in high demand as a result of the rise of the global industrial sector. In addition to this, the businesses are increasing their spending in order to improve their research and development process. There are a lot of companies who are working on developing new calcium chloride formulations in order to offer new applications for it and to increase its potential. For example, Solvay and GKN Aerospace reached a consensus and signed a joint agreement in the year 2017. As part of the agreement, both parties will collaborate to produce thermoplastic composites that may be used as test beds for novel manufacturing methods and materials.
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Zirax Ltd, Weifang Taize Chemical Industry Co. Ltd, Weifang Haibin Chemical Co. Ltd, Ward Chemicals, Tiger Calcium Services, Qingdao Huadong Calcium Producing Co. Ltd., Tangshan Sanyou Group Co. Ltd., Solvay S.A., B. J. Services, Tetra Technologies Inc., and Occidental Petroleum Corp.
By Application, By Grade, By Raw Material, By Product Type, and By Region
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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Calcium Chloride (CaCl2) Market: Segmentation Analysis
Application, grade, raw material, product type, and geography are some of the categories that can be used to divide the global calcium chloride (CaCl2) market.
The market may be divided into the categories of food and drinks, construction, healthcare, agricultural, drilling fluid, dust control, and de-icing based on the applications it is used for. The construction industry uses the most calcium chloride, making up the biggest part of the total market. Because it speeds up the curing process of concrete, calcium chloride is frequently utilised in the construction industry as a desiccant and drying agent for concrete. In addition to this, it shortens the amount of time needed for the material to dry, which helps to prevent delays in the completion of construction projects. Additionally, it is also employed in the formulation of concrete, particularly during the winter season, because it assists in rapid drying and simultaneously delivers high strength, so making it durable for all types of building. This usage of the compound is especially common during the winter months.
According to grade, the market may be broken down into the following categories: food grade, pharmaceutical grade, agricultural grade, and industrial grade. During the time period in question, it is estimated that the industrial sector will have the majority share of the global market. The industrial sector is the primary user of calcium chloride because of the diverse range of uses for the product. It is commonly used in applications relating to water treatment in order to soften the water and prevent clogs in pipes that are caused by the accumulation of scale. Additionally, it has a broad variety of applications in the oil and gas business, where it is utilised as brine in the procedures of hydraulic fracturing. This sector accounts for a significant portion of its overall market.
Limestone and hydrochloric acid (HCL), the Solvay process, natural brine, and other types of brine are the different raw materials that can be used to segment the market. The sector of the global calcium chloride market that is experiencing the most rapid expansion is that of limestone and hydrochloric acid. For a great number of years, the manufacturing industry has relied mostly on limestone and HCL to produce calcium chloride. The fact that the method is quite inexpensive has contributed to its widespread popularity. The technique, on the other hand, makes it easier to obtain calcium chloride on a massive scale. De-icing and dust control are two of the many applications that make extensive use of this method of calcium chloride extraction. On the other hand, it is projected that the natural brine segment will also exhibit consistent growth over the forecast period in the industry.
The market can be broken down into three different subcategories: liquid, solid that is hydrated, and solid that is anhydrous. During the time period covered by this estimate, the anhydrous segment of the worldwide calcium chloride market is predicted to experience considerable growth. Because anhydrous calcium chloride does not contain any water molecules, it is an excellent choice for a wide variety of applications that place a significant emphasis on the removal of excess moisture and drying out the material. Because of its capacity to produce heat when brought into contact with water, it is an excellent tool for melting snow and ice. Because of this, it is utilised extensively in applications including de-icing and moisture control.
The global Calcium Chloride (CaCl2) market is segmented as follows:
Browse the full “Calcium Chloride (CaCl2) Market By Application (Food & Beverages, Construction, Healthcare, Agriculture, Drilling Fluid, Dust Control, And De-Icing), By Grade (Industrial Grade, Agriculture Grade, Pharmaceutical Grade, And Food Grade), By Raw Material (Limestone & HCL, Solvay Process, Natural Brine, And Others), By Product Type (Anhydrous Solid, Hydrated Solid, And Liquid), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030" Report At https://www.zionmarketresearch.com/report/calcium-chloride-cacl2-market
Some of the main competitors dominating the global Calcium Chloride (CaCl2) market include -
Weifang Taize Chemical Industry Co. Ltd
Weifang Haibin Chemical Co. Ltd
Qingdao Huadong Calcium Producing Co. Ltd.
Tangshan Sanyou Group Co. Ltd.
Key Insights from Primary Research:
According to the analysis shared by our research forecaster, the Calcium Chloride (CaCl2) market is likely to expand at a CAGR of around 4.40% during the forecast period (2023-2030).
In terms of revenue, the Calcium Chloride (CaCl2) market size was valued at around US$ 1300 million in 2022 and is projected to reach US$ 1840 million by 2030.
Growing infrastructure development activities are likely to drive the growth of the global calcium chloride (CaCl2) market.
Based on the application, the construction segment accounts for the largest share of the global market.
Based on the grade, the industrial segment is expected to dominate the global market.
Based on the raw material, Limestone & HCL is the fastest growing segment in the global market.
Based on the product type, the anhydrous segment is anticipated to grow significantly in the global market.
Based on region, North America is expected to dominate the global market during the forecast period.
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Market Size & Forecast by Revenue | 2023−2030
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis By Application, By Grade, By Raw Material, By Product Type, and By Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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North America holds the largest share of the global market.
North America accounts for the largest share of the global calcium chloride (CaCl2) market during the forecast period due to the increasing demand for drilling fluids and de-icing applications in the region. The region is the biggest market for the industry because of the extremely cold weather conditions in the area. Additionally, the fast-growing oil and gas sector in the region is further widening the scope of the calcium chloride industry in the region. Calcium chloride is expected to play a prominent role in the high growth rate of the regional market in the forthcoming years.
Asia Pacific is also expected to experience significant growth during the forecast period due to the increasing demand for wastewater problems in the region. The region is experiencing huge urbanization, which will widen the scope of the calcium chloride industry in the region. High urbanization is increasing the demand for calcium chloride because of the fast-growing food processing sector in the region, along with the increasing construction activities.
The Middle East & Africa
Rest of the Middle East & Africa
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