Global Calcium Chloride Market Report by Grade, Application and Key Trends Forecast to 2027
Market Statistics:
According to IMARC Group latest published report, titled “Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the global calcium chloride market reached a value of US$ 1.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.57 Billion by 2027, exhibiting a CAGR of 5.41% during 2022-2027.
Industry Definition and Application:
Calcium chloride (CaCl2), also known as calcium dichloride, is an odorless, white crystalline solid, inorganic compound and a salt characterized by high solubility in water. It acts as an electrolyte that assists the body in maintaining fluid via numerous activities and strengthening muscle and nerve functioning. It also aids in treating calcium deficiency in the body and minimizing the risk of developing calcium disorders due to low calcium levels in the body.
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Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Scenario with Key Players:
The competitive landscape of the market has also been analyzed, with some of the key players being
Occidental Petroleum Corp., Tetra Technologies, Inc., B. J. Services, Inc., Solvay S.A. (Solvay Group), Tangshan Sanyou Group Co., Ltd., Qingdao Huadong Calcium Producing Co. Ltd., Tiger Calcium Services Inc., Ward Chemicals Inc., Weifang Haibin Chemical Co., Ltd, Weifang Taize Chemical Industry Co., Ltd, and Zirax Ltd.
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Global Cloud Kitchen Industry Trends and Drivers:
CaCl2 is used as a food additive and flavor enhancer in the preparation of various canned food products and beverages, such as tofu, cheese, protein shake, and fruit juices. It is also used in meat tenderization and beer brewing. Along with this, the thriving food and beverage (F&B) industry represent one of the major factors strengthening the market growth around the world. The increasing demand for ready-to-eat (RTE) food products on account of a considerable working population and hectic schedules are also favoring the market growth. In addition, it is employed in the construction industry as a concrete accelerator to improve the strength of the concrete. This, in confluence with rising construction activities in the residential, commercial, and industrial spaces, is contributing to the market growth.
Moreover, CaCl2 is used as a maintenance material for the construction of haul roads owing to its deliquescent nature of absorbing moisture from the air and adding density to the roadway in the mining sector. It also helps in improving the condition and enhancing the productivity and safety of mining equipment, which is influencing the market positively. Apart from this, the growing adoption of CaCl2 as prescription medicine in the pharmaceutical industry to treat medical symptoms of hypocalcemia, arrhythmias, hypermagnesemia, calcium channel blocker overdose, and beta-blocker overdose is creating a positive outlook for the market. Furthermore, there is an increase in the number of drilling and production activities in the onshore and offshore sites. Along with this, significant growth in the oil and gas industry is providing a thrust to the market growth. Besides this, there is a rise in the adoption of CaCl2 in de-icing and dust control activities for streets, driveways, and sidewalks to lower the freezing point of water, which is impelling the market growth. Additionally, the growing inclination toward a luxurious lifestyle and the inclusion of swimming pools in urban homes is driving the use of CaCl2 to control the calcium hardness of the pool water.
Objectives of the study:
- To segment the global calcium chloride market by product type, application, raw material, grade and region
- To estimate and forecast the global market by region, namely, North America, Asia-Pacific, Europe, and Latin America and Middle East & Africa
- To estimate and forecast the market size in terms of value (USD 1.57 billion), at global and regional levels
- To analyse the key market drivers, restraints, growth, opportunities, and challenges influencing the global market
- To identify the profile of the top key market players and analyse their core competencies in each segment of the global market.
Related reports:
United States Calcium Chloride Market Research Report: https://www.imarcgroup.com/united-states-calcium-chloride-market
Europe Calcium Chloride Market Research Report: https://www.imarcgroup.com/europe-calcium-chloride-market
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