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Jan 16, 2020 2:59 AM ET

Calcium Chloride Market is Forecast to Grow at CAGR of 5.49% During 2020-2025


Calcium Chloride Market is Forecast to Grow at CAGR of 5.49% During 2020-2025

iCrowd Newswire - Jan 16, 2020

Calcium Chloride Market is forecast to reach $1.4 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.
 
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. 
By Form- Segment Analysis
 
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.  
 
By Raw Material – Segment Analysis
 
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.
 
By Application – Segment Analysis
 
De-icing & Dusting held the largest share in the calcium chloride market in 2019. 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.
 
Geography- Segment Analysis
 
North America dominated the calcium chloride market with a share of more than xx% 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.
 
Drivers –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.
 
Challenges – 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.
 
Market Landscape
 
Technology launches,acquisitions and R&D activitiesare key strategies adopted by players in the calcium chloride market. In 2019, the market of calcium chloridehas 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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