The global calcium chloride market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028. The growing construction activities, increasing dust control regulations in the mining sector, and rising adoption in oil and gas well drilling represent some of the key factors driving the market.
Rising Number of Construction Activities Augmenting Market Growth
The rising demand for calcium chloride due to the increasing number of construction activities across the globe currently represents one of the primary factors contributing to the growth of the calcium chloride market. There is a rise in the construction of roads, highways, pools, office buildings, malls, playing zones, and houses around the world. In addition to this, the growing utilization of calcium chloride in the construction sector as a dust-controlling agent is positively influencing the market.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is concentrated in nature, as a few major players account for the majority of market share in the industry. The volume of new entrants is moderate in the calcium chloride industry on account of the moderate growth rate, increasing demand from developing countries, high capital investment, and strong distribution network of some large calcium chloride companies. Moreover, product differentiation is low in the calcium chloride industry as the product manufactured of a particular grade in one company is almost the same grade of another company.
What is Calcium Chloride?
Calcium chloride refers to a salt manufactured from the ionic bond between chlorine anions and calcium cations, which is an environment friendly process. It is white or off-white in color, highly soluble in water, deliquescent in nature, hygroscopic, and widely available in beads form and stored in airtight containers. It is effective at a lower temperature and less corrosive as compared to other salts. Besides this, it is less damaging to the environment, such as lawns, plants, and vegetation. As a result, calcium chloride is widely employed in the agriculture, oil and gas, pharmaceutical, food and beverage (F&B), and transportation industries across the globe.
Calcium Chloride Market Trends:
At present, the increasing demand for calcium chloride in the concrete industry to improve the strength of concrete by enhancing its hydration process represents one of the major factors influencing the market positively. Moreover, the rising adoption of calcium chloride in the food and beverage (F&B) industry for cheese production, beer brewing, meat tenderization, and as a firming agent in canned vegetables and fruits is strengthening the growth of the market. Apart from this, the growing utilization of calcium chloride in numerous construction activities in the residential, commercial, and industrial sectors across the globe is offering a positive market outlook. Additionally, the rising demand for calcium chloride in the oil and gas well drilling for drilling fluids is contributing to the growth of the market. Besides this, the increasing adoption of calcium chloride in the mining industry as a dust-controlling agent is offering lucrative growth opportunities to industry investors. In addition, there is a rise in the demand for calcium chloride as it offers increased shelf life and can be easily stored and handled around the world. In line with this, the increasing adoption of calcium chloride in treating wastewater and reducing impurities from water is bolstering the growth of the market. Furthermore, the rising utilization of calcium chloride in drilling products, such as completion fluids, drilling muds, and packer fluids, to prevent gas formation is supporting the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global calcium chloride market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application, raw material and grade.
- Dust Control and Road Stabilization
- Drilling Fluids
- Industrial Processing
The report has provided a detailed breakup and analysis of the calcium chloride market based on the application. This includes de-icing, dust control and road stabilization, drilling fluids, construction, industrial processing, and others. According to the report, de-icing represented the largest segment, as calcium chloride melts ice faster as compared to other de-icers, such as sodium chloride, sand, and abrasives. Moreover, calcium chloride rapidly forms brine after coming in contact with ice, which aids in reducing the melting point of water.
Product Type Insights:
- Hydrated Solid
- Anhydrous Solid
A detailed breakup and analysis of the calcium chloride market based on the product type has also been provided in the report. This includes liquid, hydrated solid, and anhydrous solid. According to the report, hydrated solid accounted for the largest market share due to its wide availability as flakes, prills, pellets, granules, and powder to cater to the need of the end-users. Moreover, the rising utilization of hydrated solid as a de-icing agent on roads, pavements, and sidewalks in winters is positively influencing the market.
Raw Material Insights:
- Natural Brine
- Solvay Process (by-Product)
- Limestone and HCL
A detailed breakup and analysis of the calcium chloride market based on the raw material has also been provided in the report. This includes natural brine, solvay process (by-product), limestone and HCL, and others. According to the report, natural brine accounted for the largest market share as it is a cost-effective process and has low raw material cost. Additionally, the rising adoption of natural brine, as it offers low emissions and does not involve reactions with chemicals, is supporting the growth of the market.
- Food Grade
- Industrial Grade
A detailed breakup and analysis of the calcium chloride market based on the grade has also been provided in the report. This includes food grade and industrial grade. According to the report, industrial grade accounted for the largest market share as calcium chloride is widely utilized in various industrial applications. Calcium chloride is employed in the oil and gas industry for manufacturing and maintaining oil and gas wells. In addition, the rising demand for calcium chloride in numerous drilling products, such as completion fluids, drilling muds, packer fluids, completion fluids, workover fluids, concrete accelerators, and hydraulic fracturing for preventing gas formation is bolstering the growth of the market.
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for calcium chloride. Some of the factors driving the North America calcium chloride market included the growing adoption of de-icing agents due to extreme cold weather conditions, rising demand in wastewater treatment problems, and increasing utilization in food processing applications. In addition to this, the rising demand for calcium chloride in the mining industry as a dust control is propelling the growth of the market in the region.
The report has also provided a comprehensive analysis of the competitive landscape in the global calcium chloride market. Some of the companies covered in the report include:
- Occidental Petroleum Corp.
- Tetra Technologies, Inc.
- B. J. Services
- Solvay S.A. (Solvay Group)
- Tangshan Sanyou Group Co., Ltd.
- Qingdao Huadong Calcium Producing Co. Ltd.
- Tiger Calcium Services
- Ward Chemicals
- Weifang Haibin Chemical Co. Ltd
- Weifang Taize Chemical Industry Co. Ltd
- Zirax Ltd
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
The essential aspects of the global calcium chloride market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- Popular product types
- Major grade types
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process
- Major importers and exporters
- Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key players for major feedstocks
|Base Year of the Analysis
||Million Tons, US$ Billion
||Product Type, Grade, Application, Raw Material, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||Occidental Petroleum Corp., Tetra Technologies, Inc., B. J. Services, Inc., Solvay S.A. (Solvay Group), Tangshan Sanyou Group Co., Ltd., Qingdao Huadong Calcium Producing Co. Ltd., Tiger Calcium Services Inc., Ward Chemicals Inc., Weifang Haibin Chemical Co., Ltd, Weifang Taize Chemical Industry Co., Ltd, and Zirax Ltd.
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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the calcium chloride market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global calcium chloride market.
- The study maps the leading, as well as the fastest-growing, regional markets.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the calcium chloride industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.