Calcium Formate Market 2024 Analysis Methodology, High Rate of Growth and Future Trends 2033
Global Calcium Formate Market size was valued at USD 698.9 Million in 2023 and is expected to reach USD 1270.5 Million by 2032, at a CAGR of 5.6% during the forecast period 2023 – 2032.
Calcium Formate Market: Overview
It refers to the calcium salt of formic acid. Calcium formate is a white, crystalline powder when solid. It dissolves in water and has a somewhat acidic flavor.
Calcium formate has several industrial uses. It functions as an accelerator, shortening the setting time and increasing the initial durability of concrete. Additionally, it can help reduce shrinkage and improve workability.
Growing demand from the construction sector, owing to the increased usage of calcium formate as an ingredient in concrete and cement-based formulations to improve qualities such as drying time and strength.
Another trend is the increasing use of calcium formate in animal feed applications, owing to its capacity to improve growth performance and avoid livestock illnesses.
Furthermore, there is a trend toward more sustainable and environmentally friendly construction techniques, pushing the usage of calcium formate as an environmentally friendly addition.
Furthermore, technical developments and innovations in manufacturing processes are improving the quality and purity of calcium formate products, which is boosting market expansion. Overall, these trends point to a positive future for the worldwide calcium formate market, with sustained growth expected across a variety of industries.
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By grade, the industrial grade segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Key trends in the industrial grade calcium formate market comprise increasing interest from the construction industry for concrete additives, as well as developing usage in leather tanning and oil drilling activities.
By application, the concrete additive segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Concrete additive trends encompass a shift toward sustainable solutions, higher demand for high-performance formulas, and the use of calcium formate for improved durability and environmentally friendly building techniques.
By end use, the construction segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. In the construction sector, there is a growing preference for eco-friendly materials, which is driving demand for calcium formate as an ingredient in concrete compositions for increased performance and sustainability.
Notable trends in the Asia-Pacific calcium formate market comprise rising demand from the construction and agricultural sectors, expanding usage of sustainable building materials, and a rising focus on animal health and nutrition.
Cerne Calcium Company manufactures superior calcium carbonate solutions. Cerne Calcium products are derived from naturally occurring beneath the ground high calcium limestone deposits. Calcite is frequently used interchangeably with natural calcium carbonate.
CMI has comprehensively analyzed the Global Calcium Formate market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Calcium Formate industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Calcium Formate Market:
- SIDLEY CHEMICAL CO. LTD.
- Zouping Fenlian Biotech Co. Ltd.
- American Elements
- Wujiang Ying Chuang chemical co. ltd.
- Minerals Technologies Inc.
- Cerne Calcium Company
- LANXESS
- Perstorp Holding AB
- Chongqing Chuandong Chemical Co. Ltd.
- Zibo Ruibao Chemical Co. LTD.
- Henan Botai Chemical Building Material Co. Ltd.
- Shandong Baoyuan Chemical Co. Ltd
- Jiangxi Kosin Frontier Technology Co. Ltd.
- Hangzhou Focus Chemical Co. Ltd.
- Jinan Xiangrui Chemical Co. Ltd.
- Henan Botai Chemical Building Materials Co.Ltd.
- Langfang Huinuo Fine Chemical Co. Ltd.
- Zibo Xinglu Chemical Factory
- Hubei Hengxin Chemical Co. Ltd.
- Others
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