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Calcium Formate Market Trends

  • Report ID: GMI8593
  • Published Date: Mar 2024
  • Report Format: PDF

Calcium Formate Market Trends

In recent years the increasing demand for animal feed additives, including calcium formate, is driving significant growth in the market. As livestock production expands to meet growing global food demand, there's a heightened focus on enhancing animal health, nutrition, and performance. Calcium formate, known for its role in improving feed efficiency and promoting animal growth, is becoming increasingly popular among livestock producers. Its benefits, including improved digestion, reduced risk of digestive disorders, and enhanced nutrient absorption, are driving its adoption. Additionally, calcium formate serves as an effective preservative, extending the shelf life of feed products. With the rising awareness of the importance of animal welfare and productivity, the demand for calcium formate as a feed additive is expected to continue its upward trajectory. This trend is bolstering the market for calcium formate and presenting lucrative opportunities for manufacturers and suppliers in the animal nutrition industry.

Furthermore, the growth of the construction industry is driving significant momentum in the market. With increasing urbanization, infrastructure development, and demand for residential and commercial spaces, construction activities are expanding rapidly. This growth not only boosts the demand for construction materials like calcium formate but also stimulates related sectors such as manufacturing, transportation, and services. Additionally, government initiatives aimed at infrastructure investment and sustainable development further fuel the construction industry's expansion. As a result, the construction sector emerges as a key driver of economic growth, with its positive ripple effects felt across various industries and markets.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for calcium formate was valued at around USD 610 million in 2023 and is anticipated to register a CAGR of over 5.8% between 2024 and 2032, as it serves as a crucial ingredient in tile adhesives, improving adhesion properties and reducing setting times.

Industrial grade calcium formate segment was worth USD 400 million in 2023 and is set to gain traction through 2032, owing to its wider application scope across diverse industries due to its multifaceted applications.

Asia-Pacific market generated a revenue of USD 240 million in 2023 and is set to record notable growth through 2032, driven by rapid urbanization and infrastructure development across countries like China and India.

Chongqing Chuandong Chemical (Group) Co., Ltd., Command Chemical Corporation, Geo Specialty Chemicals, Inc., Henan Botai Chemical Building Materials Co., Ltd., Jiangxi Kosin Organic Chemical, LANXESS Corporation, Perstorp Holding AB, Shandong Baoyuan Chemical Co., Ltd., Shandong Feicheng Acid Chemicals Co. Ltd. are some of the major industry contenders.

Calcium Formate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 532
  • Countries covered: 21
  • Pages: 300
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