Calcium Chloride Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1728
Calcium Chloride Market size is expected to witness a surge in demand owing to increased usage in de-icing and dust control applications. The advantageous properties of the product over conventional materials boost the product demand as a food preservative.
Superior property of calcium chloride to lower the freezing point of water has led to its high industry demand. This makes the product suitable as a deicer for the removal of ice and snow on driveways, sideways and walkways. It is also applied as a dust control agent as it suppresses dust on roads or paths by mixing with the air in the environment and in turn reducing pollution.
Growing demand for food & beverage processing industry will fuel calcium chloride market demand. The product is used to increase firmness and shape of fruits & vegetables in cooking and processing. It has various other applications in food & beverage industry including, sodium alkalinity elimination from water used in beer formulation, increasing size and strength of curds in cheese production and used as a refrigerant for ice-creams. The high calcium chloride adoption rate in food & beverage industry will enhance calcium chloride market growth.
Calcium chloride is an ionic compound of chlorine and calcium. It is a salt, hard at room temperature and pose typical ionic halide features. It is used in various applications including ice and dust control on roads, in cement and as brine for refrigeration plants. It can be manufactured directly from limestone and by solvay process for large amount production.
The product is used as a salt to refill calcium levels in the body in form of antidote for magnesium poisoning and as an acid-producing diuretic. As a pH buffer, it is also used in swimming pool water to adjust the level of calcium hardness in the water. It is widely used in concrete mixes to benefit in speeding up the early setting in construction. However, possible side-effects of calcium chloride and stringent government regulations may hinder market growth.
Calcium chloride is available in several types including, flakes, prills, pellets and liquid grade. It is a specialty chemical used in a variety of applications including oil & gas, food, construction and pharmaceuticals. 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.
North America calcium chloride market is the fastest growing region owing to high product demand for the product as a dust controlling and de-icing agent in the region.
Asia Pacific is expected to experience significant growth owing to rising calcium chloride market demand from several end use applications. In addition, growing spending on infrastructural developments by governments will benefit the global calcium chloride market. Middle East & Africa calcium chloride market is projected to grow rapidly due to emergence of several industries in the region.
Calcium Chloride Market is highly concentrated due to the presence of top key companies taking more than half of the global market share. These major players are now concentrating on backward integration to overcome instability in prices and availability of raw materials and gain competitive advantage over other important players of the industry.
Some of the key players include Tetra Chemicals, Qingdao Huadong Calcium Producing, BJ Services Company, Tangshan Sanyou, Zirax, Solvay and OxyChem.
Other prominent players are Keg River Chemical, Occidental Petroleum, Auro Chemical, MFC Industrial, Weifang Taize Chemical Industry, Ward Chemicals, Sulaksh Chemicals, Weifang Haibin Chemical, B. J. Services, Weifang Haibin Chemical, PVS Chemicals, Aditya Birla Chemicals, Nedmag, The Dow Chemical, Gujarat Alkalies and Aarti Industries.
In 2012, MFC Industrial Ltd. Acquired major interests in the U.S. based ACC Resources and the Mexican raw material and chemicals company, Possehl Mexico. This acquisition of these firms helped MFC Industrial Ltd to expand its global supply chain network, by entering Latin and North American markets. In addition, product lines of these companies aided to integrate well with MFC’ existing commodity business.
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