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Global Calcium Chloride Market Research Report 2021-2026
Bharat Book Bureau Provides the Trending Market Research Report on “Global Calcium Chloride Market Report and Forecast 2021-2026” under Chemical & Materials Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
‘Global Calcium Chloride Market Report and Forecast 2021-2026’, the global calcium chloride market attained a value of USD 1883 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6.9% to reach USD 2902.7 million by 2026.
Calcium chloride, denoted as CaCl2, is a salt formed by the ionic bond between calcium and chlorine. This inorganic chemical comes in the form of beads and is white to off-white in colour. As calcium chloride is hygroscopic, it must be stored in sealed containers and used as a drying agent. It is used in various industries, including agriculture, paint, rubber, medicine, food preservation, and transportation.
The global market for calcium chloride has grown significantly in recent years, owing to increased demand for dust management and de-icing applications. In addition, the demand for calcium chloride is rising due to its growing demands from the gas and oil industries, and this trend is projected to persist even during the forecast period. Calcium chloride’s expanding potential applications in waste treatment and agriculture are projected to open up various new prospects for the global market in the coming years.
During the forecast period, expanding the application range of calcium chloride in the construction sector is expected to boost the growth of the market. Also, the growing use of calcium chloride as a food preservative in the food processing industry is anticipated to drive market expansion over the next six years. The government spending on infrastructure construction is expected to drive global calcium chloride industry growth in the coming years. The rise in population and increasing disposable incomes have been increasing the demand for food processing and the requirement for infrastructure, aiding the calcium chloride market.
The market based on segmentations such as product type, raw material, grade, industrial application, and major regions.
Market Breakup by Product Type
Market Breakup by Raw Material
•Solvay Process (by-Product)
•Limestone and HCl
Market Breakup by Grade
Market Breakup by Industrial Application
•Dust Control and Road Stabilization
Market Breakup by Region
•Middle East and Africa
Competitive Landscape - Calcium Chloride Market
Global Calcium Chloride Market Report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Calcium Chloride Market Report are:
•Occidental Chemical Corporation
•TETRA Technologies, Inc.
•Ward Chemical Ltd.
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