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Overview
Calcium Chloride Market size is
forecast to reach $1.92 billion by 2025, after growing at a CAGR of 5.49% during
2020-2025. The global demand for calcium chloride is rising due to its growing
demands from gas & oil industries and this trend is projected to persist
even during the forecast period. Growing demand for industry of food and
beverage will fuel calcium chloride market demand. The product is used to
increase firmness and shape of fruits & vegetables in cooking and
processing.
Report Coverage
The report: “Calcium Chloride Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Calcium Chloride Industry.
Key Takeaways
- Calcium chloride is used in concrete blends to help speed up the early setting in construction. Hence construction segment is another major factor contributing for the growth of calcium chloride market.
- Because of calcium chlorides ability to melt ice three times quicker than different materials while dissolving ice at low temperatures, it is widely used as de-icing agent in heavy snowfall countries like U.S., Canada and Mexico
- Other than the conventional applications, it is also used in swimming pool water to adjust the calcium hardness of the water and as a pH buffer.
Calcium Chloride Market Segment Analysis - By Form
Liquid segment held the largest
share in the calcium chloride market in 2019. Liquid calcium chloride up to 35%
is used with rock salt for snow and ice control. Calcium chloride reduces the repetitive and
frequent application of salt by 40%. It remains active for longer duration,
thereby preventing ice from bonding with pavement or road. Calcium chloride in
its anhydrous form is an economical drying agent and very important for drying
processes in laboratories. Moreover, calcium chloride in food is a firming
agent and calcium chloride as a desiccant is an environmentally friendly, food-grade disposable desiccant.
Calcium Chloride Market Segment Analysis - By Raw Material
Solvay process is the widely used
manufacturing process of calcium chloride and hence held the largest share in
the calcium chloride market in 2019. Chemical synthesis of high purity
limestone and salt brine solution is involved in Solvay process to produce soda
ash and calcium chloride as end products. Other processes include natural
brine, brine purification and strengthened brine.
Calcium Chloride Market Segment Analysis - By Application
De-icing & Dusting held the
largest share in the calcium chloride market in 2019 growing at a CAGR of 4.4%
during the forecast period. Calcium chloride has the functional property to
suppress the dust on roads that mixes with the air in the surroundings, thereby
decreasing air pollution. In fact, calcium chloride's functional property to
lower the freezing point of water has resulted in increased market demand. The
dust control & de-icing sector is projected to grow significantly, mainly
due to the increasing use of de-icing agents over the past few years in several
developed nations. The functional property of the product to reduce the
freezing point of water brands it a significant compound in colder regions. Substantial
number of road accidents occurring due to ice and snow are prevented using
calcium chloride as a deicing agent on roads.
Calcium Chloride Market Segment Analysis - Geography
North America
dominated the calcium chloride market with a share of more than 40% during the
forecast period. Due to the extreme cold weather conditions in North America,
there is a huge demand for calcium chloride as it is used as a de-icing agent. The
U.S. is expected to be the leading market in North America on account of
increasing application of calcium chloride in manufacturing drilling fluids.
Calcium Chloride Market
·
Surging Need for Treating
Wastewater Effluents
Calcium chloride's hygroscopic
nature drives its use in industrial and domestic humidification. Increasing use
of calcium chloride to maintain and establish oil and gas wells with increasing
need in drilling companies and oilfield services has contributed significantly
to the growth of the calcium chloride market. Extensive use in wastewater
treatment due to its low-cost calcium ion source and pH regulations for
wastewater effluent treatment further drives the calcium chloride market. Due
to the increasing demand for the treatment of wastewater effluents, calcium
chloride is likely to witness growing potential application in agriculture and
waste treatment industries.
Calcium Chloride Market
·
Health
Issues
Calcium chloride when comes in
contact with the water releases calcium and chloride ions. These ions can
contaminate drinking water and are unhealthy for drinking. The ill effects of
calcium chloride such as kidney stones, coma, bone, and joint pain, and
irregular heartbeat are likely to restrict the growth of the global calcium
chloride market.
Calcium Chloride Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the calcium chloride market. In 2019, the market of calcium chloride has been consolidated by the top five players accounting for xx% of the share. Major players in the calcium chloride market are Tiger Calcium Services, Solvay S.A, Zirax Limited, Oxy Chemical Corp, Tangshan Sanyou Group, Ward Chemical Ltd, Tetra Technologies Inc and Weifang Haibin Chemical Co Ltd. among others.
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