Calcium Chloride Market

Calcium Chloride is an inorganic compound, it is a salt used to replenish calcium levels, and as an antidote for magnesium poisoning. The calcium chloride market is anticipated to rise with a CAGR of 5.9% during the forecast period 2022-2030. The increasing use of Calcium Chloride across industries such as construction, dust control & de-icing, gas & oil industry, and others are driving the calcium chloride market across the globe.  Dust control & de-icing is the major industry which is boosting the growth in the global calcium chloride market. Calcium chloride is superior as compared to other materials such as sodium chloride for the melting of ice. Hence the growing demand for calcium chloride in the dust control and the de-icing sector is adding meaningful growth in the global calcium chloride market.

The Deicing & Dust Control Leads the Application Segment

The calcium chloride market has been segmented on the basis of application. It is further segmented into deicing & dust control, construction, pharmaceuticals, and others application. The other application segments include applications in water treatment, marine, food, and oil & gas industries. The deicing & dust control has been estimated to be the leading segment among others in terms of revenue in 2021. The other application of calcium chloride under the application segment is expected to grow with a CAGR of 6.4% during the forecast period. The other application segment includes the food, marine, oil & gas industry, and water treatments industry. The other segment is primarily driven by an increase in the application of calcium chloride in water treatments plants it is used to increase the hardness of water which helps in reducing erosion in the concrete of swimming pools further calcium chloride is also used in the food and beverage industry as a packaging aid owing to its hygroscopic nature to maintain dryness.

Rate of Effectiveness Remains as The Key Market Driver

Calcium chloride is considered as most effective dust suppression and dust control agent and is used in road surfacing. A concentrated solution of calcium chloride is used to form a liquid layer over the surface of dirty roads which can suppress dust formation. According to the Butler County Engineer's Office (BCEO) of United States, calcium chloride is employed when the temperature reaches down to about -30 degrees Fahrenheit for the treatment of slippery roads in peak winter season. The chemical properties to repress the dust on roads thus reducing air borne particulate matter which improves air quality. It is due to its ability to lower down the freezing point of water, which leads to the prevention of ice formation further boost the demand in the market for de-icing dust suppressant purpose.

North America Takes the Lion Share of Market Revenues

Geographically, the calcium chloride market has been segmented into North America, Europe, Asia Pacific, and rest of the world. North America held the largest revenue share of around 44.95 % in global calcium chloride market during the year 2020. The calcium chloride is deployed for drilling of mud and minimizing the level of harmful gas in oil and gas wells. Therefore, the expanding oil & gas drilling activity all through North America is boosting growth in the North America calcium chloride market. Additionally, de-icing and mining applications of calcium chloride in North America is expected to further drive the North American calcium chloride market. Highway agencies in the U.S. dump approximately 15 million tons of road salt that include, calcium chloride every winter that not just provides the antifreeze capabilities but, even its enormous granules offer superior traction and gripping for vehicle’s tires against ice on the road.  China calcium chloride market is expected to grow at a CAGR of 7.7% in the forecast period. The Chinese calcium chloride market is primarily driven by the increasing application of calcium chloride in de-icing as China is badly affected by snow and rain fall for instance in the provinces such as Taipei, Shang­hai, Ningbo. Further, use of calcium chloride in tofu production in China also supplements the growth of calcium chloride market.

M&A Remains as Key Market Strategy

Merger and Acquisition (M&A) is the primary strategy adopted by the companies in the calcium chloride market. The companies to increase their dominance and market share acquire other companies to increase their product portfolio. Partnership and the joint venture is the primary strategy adopted by the companies in the calcium chloride market. Strategic partnerships and joint ventures allow the companies to share their resources to serve their respective self-interest. The top companies in this market include Dow Chemicals, Solvay SA, Tetra Chemicals, Tiger Calcium Services, Tangshan Sanyou Chemicals, and Others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

Global Calcium Chloride Market, by Application, 2020-2030, ($Millions)

• De-Icing and Dust Control Industry
• Construction Calcium Chloride Market
• Pharmaceutical Calcium Chloride Market
• Other Applications of Calcium Chloride Market

By Region (2020-2030; US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report

• What are the key market segments in the current scenario and in the future by product categories?
• What are the key market segments in the current scenario and in the future by region?
• What is the key impact of Covid-19 over market revenues and market determinants in the global Calcium Chloride market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segments?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships, etc. that companies are deploying to enhance market revenues and growth?