Calcium Chloride Powder Market Report Overview
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The global calcium chloride powder market size was USD 152090 million in 2022 and is projected to touch USD 226019.36 million by 2031, at a CAGR of 4.5% during the forecast period.
An inorganic substance having the chemical formula CaCl2 is calcium chloride. It is an ionic halide that is composed of calcium and chlorine. Numerous applications call for anhydrous calcium chloride. The widespread use of calcium chloride anhydrous powder and the rising demand from several end-use industries are the main drivers of market expansion. These factors are likely to foster calcium chloride powder market growth in the coming years.
COVID-19 Impact: Supply and Lockdown Limitations to Impede Market Advancement
The global COVID-19 pandemic has been unprecedented and staggering, with the calcium chloride powder market experiencing lower-than anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Coronavirus has had a negative impact on the growth of many businesses, including the industries of potassium bicarbonate. Regional governments around the world levied a shutdown, causing business owners to see a decline in the demand for the chemical in the second and third quarters of 2020. With the decrease or decline in the demand, manufacturers or industrialists reached the pharmaceuticals and agricultural sector and government concessions in order to increase their product sales in the third and fourth quarters of 2020.
LATEST TRENDS
"Increasing Demand from Various Application to Stimulate Market Development "
The chemical, pharmaceutical, textile, and dyestuff industries among others employ anhydrous calcium chloride. It is employed in the chemical industry to make calcium silicate and calcium stearate. Additionally, it is utilized in desiccators as well as organic gasses and liquids as a dehydrating and drying agent. Anhydrous calcium chloride is employed in pharmaceuticals as an anti-allergic and electrolyte replacement medication. It is used as a sizing agent in the textile industry and to prepare brine solution in refrigeration units. Additionally, it has been utilized in dust suppression and concrete acceleration. The widespread use of calcium chloride is therefore regarded as the key factor driving the market's expansion.
Calcium Chloride Powder Market Segmentation
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- By Type
Based on type; the market is divided into Reagent Grade, Industrial Grade.
- By Application
Based on the application; the market is divided into Desiccant, Building Antifreeze, Road Dust Collection Agent, Food Preservatives, Antifogging Agent.
DRIVING FACTORS
"Increasing Usability of the Chemical to Aid Market Expansion "
CaCl2 is now being used more frequently in the making of cheese, beer, meat tenderizers, and canned fruits and vegetables. One of the main reasons influencing the market is this, along with the expanding use of CaCl2 as a de-icing agent on roads, walkways, and pavements throughout the winter. Additionally, the use of CaCl2 as a concrete accelerator, which quickens the hydration process to offer high initial strength, is growing in the construction sector. The market is expanding as a result of this and an increase in construction activity, especially in developing economies. Additionally, due to its deliquescent characteristic of absorbing moisture, the mining industry is seeing an increase in the need for CaCl2 as a maintenance material for the construction of haul roads.
"Requirement in Food Applications to Foster Industry Progress "
Calcium chloride is a common ingredient in the making of jam and jelly. In order to hasten the gel-forming process and to maintain the firmness of the fruits used in jam and jelly preparation, calcium chloride is added to the jam/jelly solution. The need for food-grade calcium chloride is anticipated to increase with the rise of the jam and jelly sector.
RESTRAINING FACTORS
"High-Cost Issues of the Chemical to Hinder Market Advancement "
Anhydrous calcium chloride must be stored under special circumstances since it can absorb moisture from the air and turn into liquid brine. Therefore, in order to preserve product quality during storage, anhydrous calcium chloride should be shielded from excessive moisture exposure. These elements are preventing market expansion.
Calcium Chloride Powder Market Regional Insights
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"Growing Medical Applications to Foster Market growth in North America "
North America is expected to continue to lead the global calcium chloride powder market share. Due to the product's increasing demand in these countries for its de-icing capabilities. Due to the expanding infrastructure and building sectors, the market is expanding in the Asia Pacific region.
KEY INDUSTRY PLAYERS
"Notable Players in the Industry to Promote Market Expansion "
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the calcium chloride powder market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanization, innovative techniques, making the most money, and using their products to have a large social impact.
List of Market Players Profiled
- Tetra (U.S.)
- OxyChem (U.S.)
- Coalescentrum (Canada)
- Zirax (U.S.)
- HaloPolymer (U.S.)
- Nedmag (Netherlands)
- Shandong Haihua Group (China)
- Sanyou Zhida (China)
- JUHUA Group (China)
- Shouguang Jinlei Chemical (China)
REPORT COVERAGE
The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 152090 Million in 2022 |
Market Size Value By |
US$ 226019.36 Million by 2031 |
Growth Rate |
CAGR of 4.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the calcium chloride powder market expected to touch by 2031?
Based on our research, the calcium chloride powder market is projected to touch USD 226019.36 million by 2031.
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What CAGR is the calcium chloride powder market expected to exhibit by 2031?
The calcium chloride powder market is expected to exhibit a CAGR of 4.5% by the forecasted year 2031.
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What are the driving factors of the calcium chloride powder market?
Increasing usability of the chemical and requirement in food applications, to drive the calcium chloride powder market.
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Which are the top companies operating in the calcium chloride powder market?
Tetra, OxyChem, Coalescentrum, Zirax, HaloPolymer, Nedmag, Shandong Haihua Group, Sanyou Zhida, JUHUA Group, Shouguang Jinlei Chemical are the top companies operating in the calcium chloride powder market.