Calcium Chloride Powder Anhydrous Is Estimated To Witness High...

Calcium Chloride Powder Anhydrous Is Estimated To Witness High Growth Owing To Rising Demand From Various End-Use Industries

نشر بتاريخ 2023-11-13 14:41:51

1كيلو بايت

The Calcium chloride powder anhydrous market is estimated to be valued at US$ 159.25 Bn or Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Calcium chloride powder anhydrous is a salt that retains its crystalline nature under various climatic conditions. It is a deliquescent salt that readily absorbs moisture from air. It finds wide applications as a desiccant, dust suppressant, brine for preserving vegetables and fruits, and food additive.

Market Dynamics:
The calcium chloride powder anhydrous market is primarily driven by its increasing demand from various end-use industries such as construction, food processing, pharmaceutical, and others. Calcium chloride is used as a setting accelerator in cement and concrete applications in the construction industry. It reduces the setting time of mortar and concrete and aids in early strength development. Moreover, calcium chloride acts as an effective dust suppressant in construction sites as it readily absorbs moisture from air.
The food processing industry uses calcium chloride as a firming agent and preservative for processed foods. It prevents browning and extends shelf life of fruits and vegetables by lowering their moisture content. The pharmaceutical industry utilizes calcium chloride for manufacturing calcium supplements as calcium is essential for bone health.

SWOT Analysis
Strength: Calcium Chloride Powder Anhydrous has high solubility, easy to store and transport. It has wide applications in dust control, de-icing and anti-caking. It also has low cost of production and abundant raw material availability.
Weakness: Over application of calcium chloride can damage plants and crops. Launching of alternative de-icers like magnesium chloride is a threat. Improper storage can lead to caking and loss of properties.
Opportunity: Increasing demand from construction industry for concrete accelerators and dust control offers growth prospects. Rising use in food industry as preservative and flavor enhancer opens new opportunities.
Threats: Strict environmental regulations can impact its use as de-icers. Substitute products like potassium chloride also poses competition.

Key Takeaways

The Global Calcium Chloride Powder Anhydrous Market Demand is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing construction activities. Rise in infrastructure projects worldwide is augmenting the market growth. Calcium chloride is widely used as accelerator in construction concrete to reduce curing time.

Regional analysis shows that Asia Pacific dominates the global market, accounting for over 35% share of total demand. China, India and Japan are the key consumers in the region owing to rapid urbanization and infrastructure development. North America is the second largest market for calcium chloride powder anhydrous driven by heavy snowfall and extensive road networks requiting de-icing.

Key players operating in the calcium chloride powder anhydrous market are TETRA Technologies inc., Occidental Petroleum Corporation, Zirax LLC., HaloPolymer Trading Inc., Nedmag B.V., Shandong Haihua Group Co. Ltd., Tangshan Sanyou Zhida Calcium Industry Co. Ltd., Juhua Group Corporation, American Elements Corp,. and Shouguang Jinlei Chemical Co. Ltd. The market is moderately consolidated in nature with top players accounting for over 65% of total supply.