According to the latest report by IMARC Group, titled “Europe Calcium Chloride Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the Europe calcium chloride market size reached 716,000 Tons in 2022. Calcium chloride (CaCl2) is an inorganic salt that is commonly available in the form of granules, flakes and liquid. It can be synthesized from the chemical reaction between calcium carbonate (CaCO3) with hydrochloric acid (HCl) or can be mined directly from natural brine deposits, limestone, or seawater evaporation and crystallization. It is characterized by a white to off-white color, odorless and anhydrous nature, high water solubility, non-toxicity and non-flammability. As a result of its ability to absorb moisture from the air, it is often used as a desiccant. Calcium chloride is an effective de-icing agent that can melt snow and ice at lower temperatures, and is also relatively inexpensive compared to other de-icing agents and industrial chemicals. It is a versatile compound and thereby finds extensive applications in numerous end-use industries, such as food and beverage processing, oil and gas, and healthcare.
Europe Calcium Chloride Market Trends:
The market in Europe is majorly driven by the escalating demand for de-icing agents due to the high volumes of snowfall across the region. In line with this, considerable growth in the processed food industry is resulting in the widespread usage of food additives and preservative ingredient in the production of numerous ready-to-eat (RTE) food products, which, in turn, is propelling the market. Moreover, the expanding number of construction and infrastructure development projects is leading to the rapid utilization of calcium chloride in concrete and cement production. Besides this, the rising product usage as a drilling fluid additive and completion fluid is leading to a higher product uptake across the oil and gas industry. The market is further driven by the augmenting product demand for the formulation of various drugs as well as intravenous solutions. Apart from this, the increasing use of pH balancers in swimming pools is creating lucrative market growth opportunities. Additionally, the increasing demand for safe drinking water is leading to rapid product utilization in wastewater treatment plants to reduce impurities and enhance mineral content, which is boosting the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, continual technological advancements, rising demand for maintenance materials for haul roads in mining applications, and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach 804,600 Tons by 2028, exhibiting a growth rate (CAGR) of 1.83% during 2023-2028.
- Based on the application, the market has been segmented into de-icing, dust control and road stabilization, drilling fluids, construction, industrial processing and others. Among these, de-icing represent the largest market segment.
- On the basis of the product type, the market has been divided into liquid, hydrated solid and anhydrous solid. Among these, hydrated solid accounts for the dominant market share.
- Based on the raw materials, the market has been categorized into natural brine, Solvay process (by-product), limestone and HCL and others. Between these, natural brine accounts for the biggest segment in the market.
- On the basis of the grade, the market has been classified into food and industrial grade. Within these, industrial grade holds the largest market share.
- On the geographical front, the market has been segregated into Germany, France, the United Kingdom, Italy, Spain, and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
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