The latest report by IMARC Group, titled “North America Calcium Chloride Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the North America calcium chloride market reached a volume of 2.4 Million Tons in 2022. Calcium chloride, with the chemical formula CaCl2, is an ionic compound that is obtained by the ionic bonding of calcium cations and chloride anions. It is a whitish, anhydrous salt that acts as an ionic halide that stays solid at room temperature. Calcium chloride is soluble in water and is utilized in the oil and gas industry for well drilling activities. It is also used as a de-icing agent and in plastic manufacturing, wastewater treatment plants, construction, and blast furnaces. When added to concrete, calcium chloride increases the hydration rate while reducing the water content rapidly. Due to its hygroscopic nature, calcium chloride is usually stored in airtight containers and used as a drying agent in the North American region.
North America Calcium Chloride Market Trends:
North America is one of the largest markets for calcium chloride in the world. The North America calcium chloride market is primarily driven by its growing demand in de-icing and dust control activities across the region. In addition, with the significant growth of the food sector, there has been escalating the demand for calcium chloride to keep food items fresh and safe. It is also used as a firming agent in canned fruits and vegetables. Besides this, calcium chloride finds application in concrete acceleration, brine refrigeration, dust control, tire weighting, and other chemical processes, which is fueling the market growth. Furthermore, the growing consciousness regarding depletion of conventional gas resources and maturing of existing hydrocarbon resources has resulted in the shift toward unexplored oil and gas reservoirs to keep pace with the growing demand. As a result, the consumption of calcium chloride has increased as an essential raw material used in drilling fluids. Looking forward, the market is expected to reach a volume of 2.7 Million Tons by 2028, exhibiting a CAGR of 1.95% during the forecast period (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.
- On the basis of the product type, the market has been classified into liquid, hydrated solid, and anhydrous solid.
- The market has been categorized based on the raw material into natural brine, Solvay process (by-product), limestone and HCL, and others.
- On the basis of the grade, the market has been segregated into food and industrial grade.
- Region-wise, the market has been divided into the United States and Canada.
- The competitive landscape of the market has been examined in the report, with the detailed profiles of key players operative in the industry.
|Base Year of the Analysis
|Application, Product Type, Raw Material, Grade, Country
|United States, Canada
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