The global calcium chloride is the ionic compound of chlorine & calcium. Calcium chloride is a salt that acts as a typical ionic halide, being solid at normal room temperature & extremely soluble in water. The global market for calcium chloride is expected to reach from USD 817 million in 2013 to USD 1,205 million by 2020 growing at CAGR (Compound Annual Growth Rate) of about 5.9 percent over the forecast period (from 2014 to 2020). The global market for calcium chloride has been experiencing major growth over the last few years, mainly due to its growing demands in dust control & de-icing activities. The global demand for calcium chloride is rising due to its growing demands from gas & oil industries and this trend is projected to persist even during the forecast period.
An increasing application range of calcium chloride in the construction segment is also projected to boost the growth of the global market during the forecast period. In addition to this, increasing usage of calcium chloride as a food preservative in the food processing industry is expected to spur the market growth in the next six years. However, on the other hand, ill effects including kidney stones, bone & joint pain, coma, and irregular heartbeat caused because of too much consumption of calcium chloride are likely to limit the growth of the global calcium chloride market. The growing potential applications for calcium chloride in waste treatment & agriculture segments are likely to offer several new opportunities for the global market in the next six years. The global market finds several applications for calcium chloride in various sectors such as Dust control & De-icing, Gas & Oil, Construction, and Others such as Medicine, Food, Chemical Synthesis, Animal sterilization, etc.
The end-use applications of calcium chloride include dust control & de-icing, gas & oil, contraction, and niche applications such as metallurgical & food processing industries. The dust control & de-icing sector was the biggest application segment for the calcium chloride market. This application sector accounted for almost over 45 percent of the global market in 2014. Calcium chloride has the functional property to suppress the dust on roads that mixes with the air in the surroundings, thereby decreasing air pollution. Also, the functional property of calcium chloride to lower the freezing point of water has resulted in its increased demand in the market. The dust control & de-icing sector is projected to experience a large growth mainly due to the growing usage of de-icing agents in several developed nations over the past few years.
This trend is said to persist even during the forecast period. The construction sector was the 2nd largest application segment of calcium chloride in 2013. Calcium chloride is used in concrete blends to help speed up the early setting in construction. Thus, the growing demand for a luxurious lifestyle is also accountable for the growth of the global calcium chloride market. The growth of the infrastructural developments along with increased government expenditure on flyovers & roads is projected to drive the growth of the global market of calcium chloride in the next six years. The gas & oil sector is projected to experience tremendous growth, especially in the geographical regions such as North America & Asia Pacific, mainly due to the growing demands for calcium chloride in various applications such as completion fluids & drilling fluids.
Calcium chloride is also used as a pH buffer for swimming pool water; it helps regulate the calcium hardness of the pool water. The others application segments such as agriculture, food, & medicine are expected to spur the global market demands for calcium chloride in the near future. The North American region was the biggest market for calcium chloride in 2013. It accounted for over 40 percent of the total market share. Europe also accounted for a healthy market share being the 2nd largest market in 2013. Since it works as a de-icing agent, there is a huge demand for calcium chloride in the North American region due to the extremely cold weather conditions. Asia Pacific is also projected to experience a huge growth mainly due to the increasing market demands for calcium chloride from various end-use industries. In addition to this, increased expenditure on infrastructural developments by governments is likely to spur the global calcium chloride market growth in the next six years.
The manufacturing corporations of calcium chloride have a considerable effect on the value chain through a higher level of forward integration. All these manufacturing companies not only manufacture raw materials but also the final product and utilize it in several applications such as Dust control & de-icing, constructions, medicines, food, and so on. The regional market for calcium chloride in the Middle East & Africa is projected to grow at a slow rate. However, on the other hand, the demand for calcium chloride in gas & oil as well as dust control applications is expected to grow significantly in this region in the next six years. Some of the major player present in the global calcium chloride market are Tiger Calcium Services Inc., Qingdao Huadong Calcium Producing Co. Ltd., Tangshan Sanyou Group and Solvay SA, Keg River Chemical, TETRA Chemicals (Tetra Technologies, Inc.), and Ward Chemicals, Inc., Zirax Ltd., B. J. Services Company, Ward Chemical, Occidental Petroleum Corp. (OxyChem), Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd.
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Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.