GCC Calcium Chloride Market

Market Overview:

The GCC calcium chloride market size reached US$ 36 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 45 Million by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

Calcium Chloride (CaCl2) refers to an inorganic compound that is characterized by high solubility. It acts as a typical ionic halide, which is obtained by neutralizing hydrochloric acid with calcium hydroxide. Calcium chloride is hygroscopic in nature, due to which it is extensively used as a desiccant in water treatment plans to maintain a continuous state of dryness. Apart from this, it is widely adopted as a de-icing agent, preservative in processed foods, and the production of paints, plastics, and medicines.

GCC Calcium Chloride Market Trends:

The GCC calcium chloride market is majorly being driven by the escalating product demand across the oil and gas industry, wherein it is used to establish and maintain wells, drill fluids, provide consistency, increase density, and stabilize shale formations. Additionally, increasing inclination toward a luxurious lifestyle and the incorporation of swimming pools in urban homes has accelerated the use of calcium chloride as a potential of hydrogen (pH) buffer, which aids in regulating the calcium hardness of the pool water. Apart from this, the product acts as an effective accelerator in the concrete industry, which is acting as another growth-inducing factor. Moreover, calcium chloride possesses the functional property to suppress the dust on roads, keep the road damp even in extremely hot and dry conditions, and bind aggregate particles together, which is positively influencing the market growth across the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC calcium chloride market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application, product type, raw material and grade.

Breakup by Application:

• De-Icing
• Dust Control and Road Stabilization
• Drilling Fluids
• Construction
• Industrial Processing
• Others
   

Breakup by Product Type:

• Liquid
• Hydrated Solid
• Anhydrous Solid
   

Breakup by Raw Material:

• Natural Brine
• Solvay Process (by-Product)
• Limestone and HCL
• Others
   

Breakup by Grade:

• Food Grade
• Industrial Grade
   

Breakup by Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the GCC calcium chloride market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC calcium chloride market?
• What are the key regional markets?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the raw material?
• What is the breakup of the market based on the grade?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the GCC calcium chloride market and who are the key players?
• What is the degree of competition in the industry?