The global calcium formate market size is set to touch USD 627.1 million by 2026, registering a CAGR of 4.2% during the forecast period. Rapid expansion of construction industry around the globe will be the primary driving force behind the growth of this market. According to a study published by Oxford Economics, the global construction industry is expected to grow at about 3.9% annually till 2030, with majority of this growth slated to occur in the three major economies of the US, China, and India, accounting for nearly 57% of the growth.
Furthermore, the study reveals that output from construction will increase by a staggering 85% in the next decade at a value of around USD 15.5 trillion by 2030. Calcium formate is an integral component in the production of concrete and cement-based products. Thus, with the expected rise in construction activities around the world, the demand for the compound will rise correspondingly.
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Asia-Pacific to Hold a Commanding Position in the Market; Europe to Grow Healthily
Asia-Pacific is projected to dominate the calcium formate market share owing to the explosion of construction activities in China and India and a flourishing cement and steel industry in Japan. Europe is anticipated to experience a stable growth period owing to the increasing demand for calcium ethanoate in the feed industry. North America, Latin America, Africa, and the Middle East will exhibit a relatively modest CAGR due to low demand for the compound in their construction industries.
Fortune Business Insights identifies some of the major companies in the calcium ethanoate market:
Increasing Research into Safety of Calcium Formate to Promote Innovation
Competition in this market is still at its nascent stage as safety in using the compound is still being researched and the results are promising. For example, the International Labor Organization (ILO) found that ingestion of calcium formate in a healthy body does not lead to its accumulation and is, in fact, metabolized by the body at a quick pace. These are positive signs for players to increase their investment in RandD activities in manufacturing this compound and establishing their presence in the market.
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Segmentation
By Type
By Application
By Geography
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Table of Contents
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Trends
4.2 Overview of Global Feed Production
4.3 Overview of Global Cement Consumption
5. Global Calcium Formate Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Type
5.2.1. Feed Grade
5.2.2. Industrial Grade
5.3. Market Analysis, Insights and Forecast By Application
5.3.1. Feed
5.3.2. Construction
5.3.3. Leather
5.3.4. Chemical
5.3.5. Others
5.4. Market Analysis, Insights and Forecast By Country
5.4.1. North America
5.4.2. Europe
5.4.3. Asia pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
6. North America Calcium Formate Market Analysis, Insights and Forecast, 2014-2025
6.1. Key Findings / Summary
6.2. Market Analysis By Type
6.2.1. Feed Grade
6.2.2. Industrial Grade
6.3. Market Analysis By Application
6.3.1. Feed
6.3.2. Construction
6.3.3. Leather
6.3.4. Chemical
6.3.5. Others
6.4. Market Analysis By Country
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
Highlights of the Report
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Calcium Formate Market | Robust Expansion by Top Key Manufactures | Worldwide Overview by Size, Share, Trends, Segments