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The global calcium chloride market reached a value of US$ 1.06 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 1.50 Billion by 2026, exhibiting a CAGR of 5.78% during 2021-2026. Calcium chloride, with the chemical formula CaCl2, is a salt created from the ionic bond between chlorine and calcium. This inorganic compound occurs in the form of beads and its colour ranges from white to off-white. Calcium chloride is hygroscopic in nature owing to which it is kept in airtight containers and used as a drying agent. It finds a wide range of applications in industries such as agriculture, paint, rubber, medicine, food preservation, transportation, etc.
Global Calcium Chloride Market Drivers:
Breakup by Product Type:
On the basis of product type, the market has been divided into hydrated solid, anhydrous solid and liquor. Amongst these, liquor majorly finds application in refrigeration fluid, at ice skating rinks and on roads as a dust palliative. Hydrated and anhydrous solids are used as a de-icing agent on roads, pavements and sidewalks in winters as they depress the freezing point of water and prevent ice formation.
Breakup by Application:
Based on application, de-icing represents the largest application area, followed by dust control and road stabilization, drilling fluids, construction and industrial processing. Calcium chloride is used for de-icing as it melts ice faster in comparison to other de-icers such as sodium chloride, sand and abrasives.
Breakup by Raw Material:
The market has also been segregated on the basis of raw material into natural brine, Solvay process (by-product), and limestone and hydrochloric acid. Currently, natural brine accounts for nearly half of the total market share. Calcium chloride is refined from naturally occurring brines such as salt lakes and salt deposits. This method is preferred by the manufacturers as it is cost-effective and causes less impact on the environment.
Breakup by Grade Type:
Based on grade type, the report finds that industrial grade calcium chloride dominates the market, accounting for around two-thirds of the total market share. Calcium chloride finds application in diverse industries like oil and gas, mining, etc.
On a geographical front, North America enjoys the leading position in the global calcium chloride market. Calcium chloride is used for de-icing, wastewater treatment, dust control and food processing applications in the region. North America is followed by Asia Pacific, Europe, Middle East and Africa, and Latin America.
The market is concentrated with the presence of small number of manufacturers. The strong distribution network of large calcium chloride companies and capital-intensive nature of the industry limit the threat from new entrants. Some of the leading players operating in the market are:
The report provides a comprehensive insight into the global calcium chloride industry including its market break-up by region, market breakup by end-uses, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook. The report also gives an insight into the manufacturing process of calcium chloride, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials requirements, etc.
The essential aspects of the global calcium chloride market evaluated in the report include:
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