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The latest report by IMARC, titled “ CalciumChlorideMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast2023 -2028
” " the global calcium chloride market reached a value of US$ 1.2 Billion in 2022.
Calcium chloride is an organic compound with the chemical formula CaCl2. It is a salt made up of calcium and chlorine ions. It is a white, crystalline powder that is highly soluble in water and several organic solvents. It is hygroscopic, usually kept in airtight containers, and commercially available in liquid and anhydrous forms. It is commonly used as a drying, de-icing, and refrigeration agent.
It is also used in the food industry as a firming agent for fruits and vegetables and in the production of calcium supplements. Calcium chloride is used on unpaved roads and highways to control dust and prevent soil erosion. It is added to concrete to accelerate the setting time and increase the strength of the concrete. It is widely used in the medical industry as a source of calcium for intravenous fluid replacement and resuscitation in emergency situations.
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The global market is majorly driven by the rising product demand for dust control and de-icing activities. In line with this, the increasing demand for calcium chloride in the oil and gas industry for drilling fluids applications is significantly contributing to the market growth. Furthermore, the widespread application of calcium chloride in the construction segment is positively influencing the market. Apart from this, the rapid utilization of the product as a food preservative in the food processing industry is catalyzing the market. Moreover, the growing product applications in wastewater treatment and the escalating product usage in beer brewing and meat tenderization are propelling the market.
Besides, the heavy investments by governments worldwide in infrastructure development activities are strengthening the market. Some of the other factors driving the market include the rapid product utilization in the manufacturing of various concentrations of calcium chloride pellets, the increasing construction activities worldwide, and the growing product demand in the mining industry. On account of the factors above, the market is anticipated to reach a value of US$ 1.7 Billion by 2028, exhibiting a CAGR of 5.32% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary: ApplicationInsights:
• De-Icing
• Dust Control and Road Stabilization
• Drilling Fluids
• Construction
• Industrial Processing
• Others
ProductTypeInsights:
• Liquid
• Hydrated Solid
• Anhydrous Solid
RawMaterialInsights:
• Natural Brine
• Solvay Process (by-Product)
• Limestone and HCL
• Others
GradeInsights:
• Food Grade
• Industrial Grade
RegionalInsights:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
CompetitiveLandscapewithKeyPlayers:
• Occidental Petroleum Corp
• Tetra Technologies. Inc.
• B. J. Services. Inc.
• Solvay S.A. (Solvay Group)
• Tangshan Sanyou Group Co. Ltd.
• Qingdao Huadong Calcium Producing Co. Ltd.
• Tiger Calcium Services Inc.
• Ward Chemicals Inc.
• Weifang Haibin Chemical Co. Ltd
• Weifang Taize Chemical Industry Co. Ltd
• Zirax Ltd.
ViewFullReportwithTOC&ListofFigure:
https://www.imarcgroup.com/calcium-chloride-technical-material-market-report
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