Calcium Formate Market Size, Share & Trends Analysis Report By Grade (Industrial Grade, Feed Grade), By Application (Feed Additive, Concrete Additive), By End-use (Construction, Leather & Textile), By Region, And Segment Forecasts, 2023 - 2030

Calcium Formate Market Size & Trends

The global calcium formate market size was estimated at USD 0.75 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The construction industry plays a vital role in boosting product demand, as it is utilized as a cement additive, thus imparting improved properties such as increased strength, faster setting time, and reduced shrinkage. Ongoing infrastructure development projects, such as roads, airports, bridges, and railways, require the product to improve the performance of concrete. The market demand is projected to rise, as these infrastructure projects continue to expand worldwide.

The product is additionally utilized in commercial and residential construction projects. It helps improve the quality and durability of the concrete that is used in floors, foundations, walls, as well as other structural elements. The rising demand for this product in these sectors is driven by the requirement for stronger and more reliable construction materials.

The rising demand for the market in the U.S. is primarily driven by the construction industry and the consumption of animal-derived products. The product is used as an accelerator in concrete setting applications, which is essential in the construction industry. The increasing construction activities and infrastructure development in the U.S. contribute to the demand for the product in the construction sector. The product is used in feed additive in the animal husbandry sector to enhance animal growth and improve feed quality. It finds application in the leather industry for tanning processes.

Grade Insights

The industrial grade segment dominated the market with a revenue share of more than 59.2% in 2022. This is attributable to the use of feed grade in products as a feed additive for animals. It offers several benefits in animal nutrition and health such as helps improve digestion and reduce the incidence of diarrhea and others.

Feed grade is added to animal feed to improve its quality and enhance animal health. It acts as a preservative, preventing the growth of harmful bacteria and extending the shelf life of the feed. It helps maintain the pH balance in the digestive system of animals, promoting better digestion. It also exhibits antibacterial properties, reducing the risk of bacterial infections in animals.

Industrial grade is used in various industries for different applications such as setting accelerator in cement and concrete formulations, as a food additive, and preventive in food industry, and as a feed additive for animals. It possesses unique properties that make it suitable for specific purposes. Industrial grade finds application in the construction industry as a cement additive. It enhances the properties of concrete, such as setting time, strength, and shrinkage control. This grade helps improve the performance and durability of concrete in construction projects.

Industrial grade is utilized in the textile and leather industries. It acts as a catalyst in dyeing and printing process improving color retention and dye penetration in fibers and fabrics. It also serves as a pH regulator and buffering agent, ensuring consistent and vibrant dyeing results.

Application Insights

The concrete setting segment dominated the market in 2022 with the largest revenue share of more than 26.3 %. This is attributable to the fact that it is utilized as a concrete additive in the construction industry. It acts as an accelerator in cement-based formulations, reducing the setting time of concrete and improving its early strength development. This property makes it valuable in applications where rapid setting and early strength gain are desired, such as in cold-weather concrete or for fast-track construction projects.

The product when used as a feed additive in animal nutrition serves as a source of calcium and formic acid, providing nutritional benefits to livestock. It helps in improving digestion, promoting growth, and enhancing overall animal health.

The product is employed in the textile industry for dyeing and finishing process. It acts as a buffering agent, helping to stabilize the pH of dye baths and ensuring consistent color results. The product can enhance the dye's affinity to the fabric, resulting in improved dye uptake and color fastness.

End-use Insights

The construction segment dominated the market in 2022 with a revenue share of more than 38.0%. The product is used as an additive in cement-based formulations, such as concrete, to accelerate the setting time and improve early strength development. This property is particularly beneficial in cold weather for concerts or for projects that require rapid setting and early strength gain.

The product is employed in the leather and textile industries as it serves as a buffering agent, helping to stabilize the pH of dye baths during the dyeing and finishing process. By maintaining the desired pH level, the product ensures consistent color results and enhances dye uptake, resulting in improved color fastness. It is also widely used as a feed additive for animal nutrition and helps improve digestion, promote growth, and enhance overall animal health. Calcium formate has applications in the power generation industry as it can be used as an additive in drilling fluids for oil and gas wells. In addition, it helps to control fluid loss and stabilize the rheological properties of the drilling fluid, ensuring efficient drilling operations.

Regional Insights

The Asia Pacific region dominated the market with the largest revenue share of more than 33.3% in 2022. This is on account of factors including infrastructural development, construction activities, and the growing demand for animal feed additives. The construction sector in Asia Pacific is booming, aided by population growth, urbanization, and economic development.

Calcium formate is used in several construction applications, such as cement-based mortars, tile adhesives, and self-leveling compounds. These applications greatly benefit from the properties of this product, such as its ability to accelerate the setting time of concrete, enhance its durability, and improve its strength. Additionally, regional infrastructure development projects, such as the construction of bridges, roads, buildings, and other public infrastructure, drive demand for the product. It is widely used as a concrete additive to improve the properties of concrete.

Furthermore, the Asia Pacific region has a significant agricultural sector, and there is a growing demand for animal feed additives to enhance animal health and productivity. Calcium formate is used as a feed additive in the region to improve the digestibility of feed, promote growth, and prevent diseases in livestock.

The market in North America is influenced by factors such as the increasing demand for public infrastructure, government initiatives for housing schemes and transportation infrastructure development, and rising urbanization. These factors contribute to the growth of the construction industry, which in turn drives the demand for concrete additive.

In Europe, the use of organic acids as food additives gained importance after the ban on antibiotic growth promoters (AGPs) in 2006. While this information is not directly related to the application in construction or other industries, it highlights the significance of organic acids in European markets.

Key Companies & Market Share Insights

The market is characterized by intense competition due to the presence of numerous multinational companies. Manufacturers and formulators in the supply chain are engaging in both backward and forward integration. To implement their long-term strategies, companies are prioritizing the establishment of subsidiaries and achieving end-to-end integration across the entire supply chain.

Players are investing in the expansion of production capacities owing to the rising demand for the product from the end-use industries. Furthermore, key market participants are enchanting their global presence through mergers, acquisitions, expansion, partnership, and collaboration. For instance, in 2022, LANXESS announced the acquisition of the microbial control business from IFF Inc.

Also, in April 2021, LANXESS, a specialty chemicals company, successfully acquired the French Theseo group. Theseo group is a prominent manufacturer of animal health and biosecurity solutions. The acquisition was finalized after LANXESS, and the seller signed a binding purchase agreement on February 9, 2021. Approval from the relevant antitrust authorities was obtained in mid-March, allowing the transaction to proceed.

Calcium Formate Market Report Scope 

Global Calcium Formate Market Report Segmentation

This report forecasts revenue & volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global calcium formate market report based on grade, applications, end-use, and region:

• Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Feed Grade

  • Industrial Grade

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Feed Additive

  • Concrete Additive

  • Textile Dyeing & Finishing

  • Other Applications

• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Construction

  • Leather & Textile

  • Animal Husbandry

  • Power Generation

  • Other End-use

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Spain

    • Italy

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Malaysia

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

    • UAE