Calcium Chloride Market: Current Analysis and Forecast (2022-2028)
Emphasis on Grade (Food, Industrial); Product Type (Liquid, Hydrated Solid, Anhydrous Solid); Raw Material (Natural Brine, Solvay Process (by-Product), Limestone and HCL, Others); Application (De-Icing, Dust Control, and Road Stabilization, Drilling Fluids, Construction, Industrial Processing, Others); and Region/Country
The Global Calcium Chloride Market is expected to witness a CAGR of around 5% during the forecast period (2022–2028). As the market is anticipated to witness owing to growth in oil refineries and plants. For instance, North American highway authorities pour about 15 million tons of calcium chloride salt on highways to provide sufficient grip and traction for vehicle tires against ice on the road every year. Owing to the facts of an eco-friendly, and carbon-free environment and the rapid development across residential, commercial, and industrial segments, are propelling the growth of the Calcium Chloride market globally.
In addition, major players such Tangshan Sanyou Chemical Industries Co. Ltd., Zirax Limited, Ward Chemical Ltd., Tiger Calcium Services Inc, Occidental Chemical Corporation, TETRA Technologies Inc., Solvay S.A., Sitara Chemical Industries Ltd, Weifang Haibin Chemical Co. Ltd, Nedmag B.V. Several M&As along with partnerships have been undertaken by these players to develop the calcium chloride market.
Calcium Chloride is an inorganic compound. It is a white crystalline solid at room temperature, and it is highly soluble in water. In addition, Calcium chloride is used in many industries such as plastic, de-icing, wastewater treatment plants, construction, and blast furnaces. Furthermore, in the food sector, calcium chloride is used for cheese production, meat tenderization, beer brewing, and canned fruits. The rising global population with increasing per capita income of people is driving the growth of the food industry which is increasing the calcium chloride market demand globally. For instance, in 2021, the food service and food retailing industries supplied about $2.12 trillion worth of food which is driving the market growth of calcium chloride.
However, Covid – 19 has devasted the global economy due to which many sectors experienced a downfall as the demand for calcium chloride got reduced within the industries because of their shutdowns. Since the production, and supply in the oil and gas industry, construction, food, and other industries were declining due to lack of operations which directly or indirectly affected the market of calcium chloride. However, the industries have been in process for a certain period, and the usage of calcium chloride is increasing as a major source for food, de-icing, and others for many different sectors. In addition, the production of food, and ice will require the use of calcium chloride, by which the growth of the calcium chloride market will be seen during the forecasted period.
Insights Presented in the Report
“Amongst grade, industrial category to hold a significant share in the market”
Based on grade, the market is fragmented into food and industrial. During the forecast period, the industrial grade segment is likely to dominate the global calcium chloride market. As it is used in many industrial aspects such as oil & gas, mining, and others. In addition, applications of industrial grade calcium chloride can be described as a solidifying agent in paint production, coagulant in the manufacture of rubber, chloridizing agent and additive in metallurgy, additive in the paper industry including deinking of recycled paper, dye production, and printing, coagulant for sodium alginate in the chemical industry, and as a refrigeration aid.
“Amongst product type, liquid segment to hold a significant share in the market”
Based on product type, the market is fragmented into liquid, hydrated solid, and anhydrous solid. During the forecast period, the liquid segment is likely to dominate the global calcium chloride market. Liquid calcium chloride is generally used in many industries and includes concrete acceleration, tire weighting, brine refrigeration systems, wastewater treatment, and as a calcium source for chemical processing. In addition, liquid calcium chloride is non-reactive, has precise composition, and is highly effective in comparison with their product types.
“Amongst raw material, natural brine category to hold a significant share in the market”
Based on raw material, the market is fragmented into natural brine, Solvay process, limestone & HCl, and others. During the forecast period, the natural brine segment is likely to dominate the global calcium chloride market. As calcium chloride is refined from naturally occurring brines such as salt lakes and salt deposits. So, the natural brine method is preferred by manufacturers because of its cost-effectiveness. It also causes less impact on the environment. In addition, natural brine is used as a clear brine fluid during drilling and oilfield completion operations in the oil & gas industry. Furthermore, the factors justify its use in the market which will drive its growth during the forecasted period.
“Amongst application, de-icing segment to hold a significant share in the market”
Based on application, the market is fragmented into de-icing, dust control and road stabilization, drilling fluids, construction, industrial processing, and others. In 2020, the de-icing segment is seen dominating the growth of the calcium chloride market. Calcium chloride is a better de-icer as compared to other compounds such as sodium chloride, sand, and abrasives. In addition, they are cost-effective which drives the market growth of de-icing calcium chloride.
North America to witness significant growth during the forecast period”
North America is likely going to dominate the calcium chloride market during the forecasted period. The demand is being driven by the growing drilling operations accompanied by the increasing need for de-icing activities due to uncertain climatic changes in the region. In addition, North America has extreme weather conditions throughout the winter season which provides an incentive to use of calcium chloride in snow removal since it is an excellent deicer. For instance, North American highway authorities pour about 15 million tons of calcium chloride salt on highways to provide sufficient grip and traction for vehicle tires against ice on the road every year.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Table of Contents
Research Methodology for the Global Calcium Chloride Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global calcium chloride market were the three major steps undertaken to create and analyze the adoption of calcium chloride in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global calcium chloride market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the calcium chloride market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the calcium chloride market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as grade, product type, raw material, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the calcium chloride market. Further, we conducted factor analysis using dependent and independent variables such as various grades, product types, raw material, and application of calcium chloride equipment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the calcium chloride market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global calcium chloride market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the calcium chloride market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global calcium chloride market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at a precise statistical number for each segment and sub-segment of the global calcium chloride market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of various grades, product types, raw materials, and applications in the global calcium chloride market.
The main objective of the global Calcium Chloride Market Study
The current & future market trends other than the global calcium chloride market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investment on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the calcium chloride market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of grade, product type, raw material, and application
- Define and analysis of the regulatory framework for the calcium chloride market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the calcium chloride market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world
- Company profiles of the calcium chloride market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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