Calcium Chloride Market Size, Key Players Profile, Share, Industry Trends, Development, Business Opportunities, Growth Factor and Regional Forecast- 2025

Global Calcium Chloride Market is projected to reach USD 1.53 billion with a healthy CAGR of 4.3% during the assessment period (2019-2025), and calcium chloride market has been divided on the basis of form, grade, application, end-use industry, and region

The Global Calcium Chloride Market is expected to exhibit a steady 4.3% CAGR over the forecast period from 2018 to 2025, according to the latest report from Market Research Future (MRFR). The global calcium chloride market is expected to grow to a valuation of USD 1.53 billion by 2025, according to MRFR. The global calcium chloride market is profiled in detail in the report in order to provide solid pointers as to the market’s likely growth trajectory over the forecast period. The major drivers and restraints affecting the global calcium chloride market are profiled in the report. Leading players in the calcium chloride market are also studied in the report.

Calcium chloride is an ionic halide salt used as primarily as a desiccant. It is hygroscopic, making it ideal for mopping up excess moisture from a wide range of environments. The growing use of calcium chloride for deicing applications is likely to be the major driver for the global calcium chloride market over the forecast period. Deicing is a major activity in the far reaches of the Northern Hemisphere, including countries such as the U.S., Canada, Japan, the UK, Scandinavia, and Russia, as snowfall happens in large volumes in these countries. Clearing snow off roads and other infrastructure is a major activity for local councils, leading to widespread use of calcium chloride. The unavailability of viable substitutes for calcium chloride in this application is likely to lead to a growing demand from the calcium chloride market over the forecast period.

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The oil and gas industry is also likely to be a major consumer of calcium chloride over the forecast period due to the growing demand for calcium chloride in drilling fluids. Moreover, the food and beverage industry has also started to use calcium chloride as a food preservation agent, leading to growing demand from the market. On the other hand, excessive exposure to calcium chloride can cause several health problems, including joint pain, kidney stones, muscle spasms, and even irregular heartbeats. This has led to a growing demand to limit the exposure of civilians to the chemical. Calcium chloride can also harm concrete infrastructure by weakening the bonding agent in concrete. This has also led to a growing demand for alternatives.

Competitive Analysis:

Leading players in the global calcium chloride market include Sulaksh Chemicals, Auro Chemical Industries Pvt. Ltd., Nedmag B.V., Zirax Limited, Weifang Haibin Chemical Co. Ltd., Ward Chemical Ltd., TETRA Technologies Inc., Tangshan Sanyou Group Co. Ltd., Solvay, and Occidental Chemical Corporation.

In September 2019, a lawsuit was filed against the city of Edmonton, Canada, when calcium chloride used for deicing damaged a citizen’s garage by weakening the concrete. This has led to a growing debate about whether to continue the use of calcium chloride in deicing in the city. Such concerns are likely to become increasingly prevalent over the coming years, potentially causing a concern for the global calcium chloride market.

Segmentation:

The global calcium chloride market has been divided on the basis of form, grade, application, end-use industry, and region.

Based on Form, the global calcium chloride market has been classified as liquid, hydrated solid, and others.

By Grade, the global calcium chloride market has been segmented into food grade, industrial grade, agriculture grade, and pharmaceutical grade.

Based on Raw Material, the global calcium chloride market has been segmented into natural brine, Solvay process (by-product), and limestone and hydrochloric acid (HCL).

On the basis of application, the global calcium chloride market has been divided into deicing & dust control, oil & gas, healthcare, construction, agriculture, food and beverages, animal sterilization, and others. The deicing and dust control segment holds the largest share in the global calcium chloride market, with 31%.

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Regional Analysis:

North America accounted for the largest share in the global calcium chloride market in 2017, followed by Europe, with the former accounting for 40% of the global market. Asia Pacific also holds a solid share in the global calcium chloride due to the growing demand for calcium chloride in food processing and agricultural applications. The Latin America and MEA calcium chloride markets are mainly driven by the growing demand for calcium chloride in the oil and gas industry.

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