According to the latest report by IMARC Group, titled "Japan Calcium Chloride Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Japan calcium chloride market is expected to grow at a CAGR of 5.3% during 2023-2028. Calcium Chloride (CaCl2) is an odorless, inorganic ionic compound of chlorine and calcium obtained by neutralizing hydrochloric acid with calcium hydroxide or directly from the limestone as the by-product of the Solvay process. It can also be naturally extracted from brine wells or seawater during favorable climatic conditions. Calcium chloride acts as a typical ionic halide, a crystalline white solid at room temperature, highly soluble in water, and hygroscopic in nature. It absorbs moisture from the air, prolonging the duration of relative humidity and slowing down corrosion. On account of these properties, it is extensively used as a desiccant in water treatment plants to maintain a continuous state of dryness. Apart from this, it finds a wide range of applications in medicines, transportation, agriculture, food preservation, paints, industrial processing, construction, and road stabilization.
Japan Calcium Chloride Market Trends:
The increasing product adoption across the flourishing construction sector as a concrete accelerator to speed up the hydration and strengthen concrete is primarily driving the Japan calcium chloride market growth. In line with this, rapid urbanization, a rise in construction activities, and extensive spending on infrastructural developments across the country are creating a positive outlook for the market. Moreover, the large-scale demand for calcium chloride from the mining sector as a maintenance material for haul road constructions on account of its deliquescent nature is contributing to the market growth. In addition to this, the escalating product employment in the bolstering food and beverage (F&B) sector as a flavor enhancer, preservative, and firming agent is presenting remunerative growth opportunities for the market. Besides this, the expanding working population, hectic work schedules, and inflating disposable incomes have facilitated an exponentially growing demand for ready-to-eat (RTE) and ready-to-cook food products, which, in turn, is aiding in market expansion. Furthermore, widespread product utilization in the oil and gas industry as an essential raw material to maintain wells, drill fluids, provide consistency, increase density, and stabilize shale formations is acting as another growth-inducing factor.
- 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 product type, the market is categorized into liquid, hydrated solid, and anhydrous solid.
- On the basis of the raw material, the market has been classified 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 Kanto, Kinki, Central/ Chubu, Kyushu-Okinawa, Tohoku, Chugoku, Hokkaido, and Shikoku.
- The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.
|Base Year of the Analysis
||Application, Product Type, Raw Material, Grade, Region
||Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
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