Calcium Formate Market Scope
Calcium formate is a salt of formic acid and calcium, commonly used as a feed additive for livestock, a setting accelerator in concrete and as a preservative in leather production. It has a white crystalline appearance and is soluble in water. The calcium formate market refers to the sales of calcium formate, a chemical compound used as a feed additive in animal nutrition, a component in concrete, and a preservative in leather production. The market size is determined by the demand for calcium formate from various end-use industries, including agriculture, construction, leather, and others. Factors that influence the market growth include increasing demand for animal-based products, growth in the construction industry, and rising awareness about the use of calcium formate as a preservative in the leather industry.
The global calcium formate market size was valued at USD 545 million in 2020 and is expected to expand at a CAGR of 5.5% during the forecast period, reaching USD 713 million by 2025.
The new report by MNM Research titled, ‘Global Calcium Formate Market Size, Report and Forecast 2020-2025’, gives in-depth analysis of the global calcium formate market, assessing the market based on its segments like forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191530782
Browse and in-depth TOC on "Calcium Formate Market"
204 - Tables
54 - Figures
196 – Pages
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/calcium-formate-market-191530782.html
Calcium Formate Market Drivers & Restraints
Market Drivers:
Increased demand for calcium formate in concrete industry as a setting accelerator and to reduce alkali-silica reaction.
Rising demand in animal feed as a source of calcium and formic acid.
Growing demand in oil and gas drilling as a weighting agent to regulate fluid density.
Market Restraints:
Limited use and availability of alternatives, such as sodium formate and ammonium formate.
Stringent regulations regarding the usage of calcium formate in certain applications, due to its hazardous effects on human health and the environment.
High production cost of calcium formate compared to other calcium salt products.
Calcium Formate Market Key Players
Lanxess (Germany)
Perstorp (Sweden)
Chongqing Chuandong Chemical (Group) Co. Ltd. (China)
Geo Specialty Chemical Inc.(Ohio)
Zibo Ruibao Chemical Co. Ltd. (China)
American Elements (US)
Henan Botai Chemical Building Material Co. Ltd. (China)
Shandong Baoyuan Chemical Co. Ltd. (China)
Jiangxi Kosin Organic Chemical Co. Ltd (China)
Sidley Chemical Co. Ltd (China)
Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=191530782
Calcium formate are used across industries, such as construction, leather & textile, power generation, animal husbandry and chemicals. In the Calcium Formate Market, construction is the key end-use industry owing to the wide applications of calcium formate as concrete setting, tile & stone additive, and others in this sector.
The industrial grade segment is the largest grade of calcium formate.
The Calcium Formate Market has been segmented based on grade into two types namely industrial grade and feed grade. Among the two grades, the industrial grade segment accounted for the largest share of the market in 2019 and is likely to witness a significant growth during the forecast period. The demand for industrial grade calcium formate is driven by its use in numerous applications such as cement & tile additive, flue gas desulfurization agent and feed additives. Moreover, increasing use of industrial grade calcium formate in feed, construction and chemical industries is driving the global Calcium Formate Market.
The concrete setting application is expected to register the highest CAGR in the global Calcium Formate Market during the forecast period.
The Calcium Formate Market has been segmented based on application into 7 categories namely feed additives, tile & stone additives, leather tanning, concrete setting, textile additives, drilling fluids and flue gas desulfurization. The concrete setting application segment of the Calcium Formate Market is rising rapidly due to the use of calcium formate as concrete accelerator, thus increasing the strength of the cement mortar. Calcium formate is used as a concrete additive to accelerate the solidification of the concrete i.e., it decreases the setting time and increases the rate of early strength growth.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=191530782
The construction end-use industry is expected to register the highest CAGR in the global Calcium Formate Market during the forecast period.
The construction end-use industry segment is growing rapidly. This is due to the use of calcium formate as cement accelerator, production of concrete and cement based mortar, cement blocks & sheets, and other cement based products required in the construction industry. Calcium formate enhances the properties in cement such as increased hardness and less setting time, inhibition of corrosion of metal substrates and prevention of efflorescence. Thus, increasing consumption of cement in the construction industry is driving the market for calcium formate.
APAC is expected to hold the largest market share in the global Calcium Formate Market during the forecast period.
APAC is estimated to be the leading Calcium Formate Market during the forecast period. The growth in this region can be attributed to the rapidly increasing demand for calcium formate from the end-use industries, especially construction, leather & textile and animal husbandry. The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these calcium formate additives in the APAC and Europe.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics.
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed based on how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
*** Also Browse Trending Report of MNM ***
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]