According to the latest report by IMARC Group, titled "India Calcium Chloride Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the India calcium chloride market is projected to grow at a CAGR of 3.6% during 2023-2028. Calcium Chloride (CaCI2) is an ionic crystalline, solid, inorganic compound that is primarily composed of calcium and chlorine. It materializes in bead forms and might range in white to off-white color. Currently, it is formulated by neutralizing hydrochloric acid with calcium hydroxide. It can be further manufactured by the Solvay process, the brine method, or as the by-product of magnesium hydroxide. Calcium Chloride behaves similarly to a normal ionic halide while being solid at room temperature and highly soluble in water and its anhydrous form is hygroscopic. Additionally, calcium chloride can absorb moisture from the air, which can prolong the duration of relative humidity and slow down corrosion; therefore, it is used as a desiccant. Apart from this, it finds extensive applications in medicine, transportation, agriculture, food preservation, industrial processing, de-icing, construction, drilling fluids, dust control, road stabilization, and wastewater treatment plants.
India Calcium Chloride Market Trends:
Ongoing construction activities and rising investments in various infrastructure renovation activities are primarily driving the market growth in India. Calcium chloride is widely employed to hydrate freshly placed concrete and lower the free water content to ensure instant firmness for providing optimal strength to the product. In line with this, the growing adoption of calcium chloride as an anti-dusting agent to create a layer over dust particles and stabilize the unpaved road base and highways is acting as another growth-inducing factor. Moreover, the increasing uptake of calcium chloride in the agricultural sector as a plant nutrient to reduce decay, maintain soil stability, and prevent crop diseases is supporting the market growth. Additionally, the escalating prevalence of chronic diseases has prompted pharmaceutical companies to utilize calcium chloride in medications to treat hypocalcemia, arrhythmias, hypermagnesemia, calcium channel blocker, and beta-block overdose, which, in turn, is favoring the market growth. Furthermore, the growing consumption of ready-to-eat (RTE) foods has intensified the usage of calcium chloride in the food and beverage (F&B) industry to preserve food items, tender meat, brew beer, produce cheese, and act as a firming agent in tinned vegetables and fruits, which is propelling the market growth. Other factors, such as the introduction of innovative product variants with enhanced capabilities and continuous research and development (R&D) activities to improve the molecular shape of calcium chloride to achieve faster melting, are positively impacting the market growth across the country.
- On the basis of the application, the market is segregated into de-icing, dust control and road stabilization, drilling fluids, construction, industrial processing, and others.
- Based on the product type, the market is categorized into liquid, hydrated solid, and anhydrous solid.
- On the basis of the raw material, the market has been divided into natural brine, Solvay process (by-product), limestone and HCL, and others.
- Based on the grade, the market has been bifurcated into food and industrial grades.
- On a regional basis, the market has been segmented into North, West and Central, South, and East India.
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Application, Product Type, Raw Material, Grade, Region
||North India, West and Central India, South India, East India
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