According to the latest report by IMARC Group, titled "United States Calcium Chloride Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the United States calcium chloride market size reached 1.7 Million Tons in 2022. Calcium chloride is a chemical compound that is generally characterized by a white to an off-white solid substance that easily sinks and mixes with water. It behaves as a typical ionic halide, is solid at room temperature and produced directly from limestone and can also be obtained from the Solvay process. It falls into the category of accelerating admixtures that increase the initial rate of the chemical reaction between different mixtures. Additionally, it is advisable to store the product in airtight containers as a drying agent on account of its hygroscopic nature. As a result, it is widely available in liquid and solid forms that differ on the basis of absorption capacity and freezing point.
United States Calcium Chloride Market Trends:
The market in the United States is primarily driven by significant growth in the chemical industry. Along with this, the widespread product utilization in refrigeration plants to avoid any damage to the perishable or cargo materials and transport them in proper condition is providing a boost to the market. Apart from this, the escalating uptake of calcium chloride as a food additive in the food and beverage sector is significantly supporting the demand across the country. Due to the increasing investments in infrastructural development projects, there has been a considerable rise in the demand for calcium chloride as it helps to control dust and ice on roads, thereby creating a positive market outlook. Moreover, the growing product adoption as a solution for calcium replenishment in the field of medicine is considered to be a growth-inducing factor. Other factors, including rapid industrialization, continual technological developments in the production process and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a volume of 2.1 Million Tons by 2028, exhibiting a CAGR of 3.83% during 2023-2028.
- On the basis of the application, the market has been segmented into de-icing, dust control and road stabilization, drilling fluids, construction, industrial processing and others.
- Based on the product type, the market has been classified into liquid, hydrated solid and anhydrous solid.
- On the basis of the raw material, the market has been categorized into natural brine, Solvay process (by-product), limestone and HCL, and others.
- Based on the grade, the market has been classified into food and industrial grade.
- On the basis of the region, the market has been divided into Northeast, Midwest, South and West.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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