DUBLIN--(BUSINESS WIRE)--The "Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global calcium chloride market reached a value of US$ 1.06 Billion in 2020. Looking forward, the global calcium chloride market is expected 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:
- Calcium chloride is widely used in the food industry for cheese production, beer brewing, meat tenderization, and as a firming agent in canned vegetables and fruits. Rising global population along with increasing income levels of the consumers is fuelling the growth of the food industry, thereby stimulating the sales of calcium chloride.
- Due to the deliquescent nature of calcium chloride, it absorbs moisture from the air and creates a thin liquid coating on each dust particle which adds density to the roadway. Thereby, calcium chloride plays a vital role as a maintenance material for haul roads in mining applications.
- Calcium chloride acts as an effective accelerator in the concrete industry. Concrete hydration process slows down in low temperatures due to which an accelerator is required to obtain high initial strength. The use of calcium chloride assists in reaching the concrete's desired strength by accelerating its hydration process.
- Calcium chloride is electrolytic in nature, which implies liberation of calcium ion in presence of water. This process increases the mineral content (calcium ion) in water and provides a controlled source of calcium, which creates a direct impact on the taste of drinking water. Moreover, addition of calcium chloride reduces the erosion of concrete in the pool by common ion effect and increases water hardness in the pool.
- Construction of roads, highways, pools in individual houses, office buildings and shopping arcades have risen at a high rate in the recent years. Since calcium chloride is widely used in the construction area as a dust controlling agent, growth in the construction activities has resulted into a heightened demand for calcium chloride.
- Depleting conventional gas resources and maturing existing hydrocarbon resources have shifted the focus towards unexplored reservoirs of oil and gas to keep pace with the growing demand. This is boosting the consumption of calcium chloride as it is an essential raw material used in drilling fluids.
Competitive Landscape:
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:
- Occidental Petroleum Corp. (OxyChem)
- Tetra Chemicals
- B. J. Services
- Solvay S.A.
- Tangshan Sanyou Group Co., Ltd.
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Physical and Chemical Properties
4.3 Key Industry Trends
5 Global Calcium Chloride Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Product Type
5.7 Market Breakup by Grade
5.8 Market Breakup by Application
5.9 Market Breakup by Raw Material
5.10 Market Forecast
5.11 SWOT Analysis
5.12 Value Chain Analysis
5.13 Porter's Five Forces Analysis
5.14 Trade Data
5.14.1 Imports
5.14.2 Exports
5.15 Key Market Drivers and Success Factors
6 Market Breakup by Region
6.1 North America
6.2 Asia Pacific
6.3 Europe
6.4 Middle East and Africa
6.5 Latin America
7 Market Breakup by Application
7.1 De-Icing
7.2 Dust Control and Road Stabilization
7.3 Drilling Fluids
7.4 Construction
7.5 Industrial Processing
8 Market Breakup by Product Type
8.1 Liquid
8.2 Hydrated Solid
8.3 Anhydrous Solid
9 Market Breakup by Raw Material
9.1 Natural Brine
9.2 Solvay Process (by-Product)
9.3 Limestone and HCL
10 Market Breakup by Grade
10.1 Food Grade
10.2 Industrial Grade
11 Competitive Landscape
11.1 Competitive Structure
11.2 Key Players
12 Calcium Chloride Manufacturing Process
12.1 Product Overview
12.2 Manufacturing Process
12.2.1 Solvay Process (CaCl2 as a co-product)
12.2.2 Acid-Limestone Neutralization
12.2.3 Refining of Natural Brine
12.3 Chemical Reactions Involved
12.4 Raw Material Requirements
12.5 Mass Balance and Feedstock Conversion Rates
13 Calcium Chloride Feedstock Market Analysis
13.1 Limestone
13.1.1 Market Performance
13.1.1.1 Volume Trends
13.1.1.2 Value Trends
13.1.2 Price Trends
13.1.3 Market Breakup by Region
13.1.4 Key Suppliers
13.2 Hydrochloric Acid
13.2.1 Market Performance
13.2.1.1 Volume Trends
13.2.1.2 Value Trends
13.2.2 Price Trends
13.2.3 Market Breakup by Region
13.2.4 Key Suppliers
13.3 Natural Brine
14 Key Player Profiles
14.1 Occidental Petroleum Corp. (OxyChem)
14.2 Tetra Chemicals
14.3 B. J. Services
14.4 Solvay SA
14.5 Tangshan Sanyou Group Co., Ltd.
14.6 Qingdao Huadong Calcium Producing Co. Ltd.
14.7 Tiger Calcium Services
14.8 Ward Chemicals
14.9 Weifang Haibin Chemical Co. Ltd
14.10 Weifang Taize Chemical Industry Co. Ltd
14.11 Zirax Ltd
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