Calcium Formate Market Scope 

The calcium formate market refers to the market for calcium formate, a chemical compound used in various industries such as construction, animal feed, and food. The market is driven by increasing demand for calcium formate as a feed additive in the animal feed industry, as well as its use as a concrete set accelerator and a preservative in the food industry. The Asia Pacific region is expected to be the largest market for calcium formate due to the increasing demand from China and India, while the North American and European regions are also expected to show significant growth. However, the calcium formate market may be limited by the availability of alternatives and the high cost of production.

According to the new market research report "Calcium Formate Market by Grade, Application ( Feed Additives, Tile & Stone Additives, Concrete Setting, Leather Tanning, Drilling Fluids, Textile Additives, Flue gas desulfurization), End-use Industry, and Region - Global Forecast to 2025", published by MarketsandMarkets™, published by MarketsandMarkets™, the Calcium Formate Market size is expected to grow from USD 545 million in 2020 to USD 713 million by 2025, at a CAGR of 5.5% during the forecast period.

PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191530782

Browse and in-depth TOC on "Calcium Formate Market"

204 - Tables
54 - Figures
196 – Pages

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/calcium-formate-market-191530782.html

Calcium Formate Market Drivers and Restraints 

Calcium formate are used across industries, such as construction, leather & textile, power generation, animal husbandry and chemicals. In the Calcium Formate Market, construction is the key end-use industry owing to the wide applications of calcium formate as concrete setting, tile & stone additive, and others in this sector.

Calcium formate is a salt that is commonly used as a feed additive for animals and as a concrete accelerator. The market for calcium formate is driven by factors such as the growing demand for animal feed additives and the increasing use of calcium formate in construction. Some of the key drivers include:

• Growing demand for animal feed additives: Calcium formate is commonly used as a feed additive for livestock, poultry, and aquaculture. As the global population continues to grow, there is an increasing demand for animal protein, which is driving the demand for animal feed additives such as calcium formate.
• Increasing use of calcium formate in construction: Calcium formate is used as a concrete accelerator, which speeds up the hardening process of concrete. This is particularly useful in cold weather conditions, where the hardening process can be slowed down. As construction activity continues to increase globally, there is a growing demand for concrete accelerators such as calcium formate.

Some of the key restraints include:

• Stringent regulations: The use of calcium formate is regulated by various governments around the world. These regulations can limit the use of calcium formate in certain applications, which can hinder the growth of the market.
• Substitute products: There are other products available in the market that can serve the same purpose as calcium formate, such as calcium nitrate. These substitute products can limit the demand for calcium formate.

Overall, the market for calcium formate is expected to grow in the coming years, driven by increasing demand for animal feed additives and the growing use of calcium formate in construction. However, the market growth may be hindered by stringent regulations and the availability of substitute products.

Calcium Formate Market Key Players

• Lanxess (Germany)
• Perstorp (Sweden)
• Chongqing Chuandong Chemical (Group) Co. Ltd. (China)
• Geo Specialty Chemical Inc.(Ohio)
• Zibo Ruibao Chemical Co. Ltd. (China)
• American Elements (US)
• Henan Botai Chemical Building Material Co. Ltd. (China)
• Shandong Baoyuan Chemical Co. Ltd. (China)
• Jiangxi Kosin Organic Chemical Co. Ltd (China)
• Sidley Chemical Co. Ltd (China)

The industrial grade segment is the largest grade of calcium formate.

The Calcium Formate Market has been segmented based on grade into two types namely industrial grade and feed grade.  Among the two grades, the industrial grade segment accounted for the largest share of the market in 2019 and is likely to witness a significant growth during the forecast period. The demand for industrial grade calcium formate is driven by its use in numerous applications such as cement & tile additive, flue gas desulfurization agent and feed additives. Moreover, increasing use of industrial grade calcium formate in feed, construction and chemical industries is driving the global Calcium Formate Market.

The concrete setting application is expected to register the highest CAGR in the global Calcium Formate Market during the forecast period.

The Calcium Formate Market has been segmented based on application into 7 categories namely feed additives, tile & stone additives, leather tanning, concrete setting, textile additives, drilling fluids and flue gas desulfurization. The concrete setting application segment of the Calcium Formate Market is rising rapidly due to the use of calcium formate as concrete accelerator, thus increasing the strength of the cement mortar. Calcium formate is used as a concrete additive to accelerate the solidification of the concrete i.e., it decreases the setting time and increases the rate of early strength growth.

Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=191530782

Calcium Formate Market Segmentation

By Grade

• Industrial Grade
• Feed Grade

By Application

• Feed Additives
• Tile & Stone Additives
• Concrete Setting
• Leather Tanning
• Drilling Fluids
• Textile Additives
• Flue Gas Desulfurization
• Others

By End-Use Industry

• Construction
• Leather & Textile
• Animal Husbandry
• Chemicals
• Power Generation
• Others

The construction end-use industry is expected to register the highest CAGR in the global Calcium Formate Market during the forecast period.

The construction end-use industry segment is growing rapidly. This is due to the use of calcium formate as cement accelerator, production of concrete and cement based mortar, cement blocks & sheets, and other cement based products required in the construction industry. Calcium formate enhances the properties in cement such as increased hardness and less setting time, inhibition of corrosion of metal substrates and prevention of efflorescence. Thus, increasing consumption of cement in the construction industry is driving the market for calcium formate. 

By Region

• North America
• Asia Pacific
• Europe
• South America
• Middle East and Africa

APAC is expected to hold the largest market share in the global Calcium Formate Market during the forecast period.

APAC is estimated to be the leading Calcium Formate Market during the forecast period. The growth in this region can be attributed to the rapidly increasing demand for calcium formate from the end-use industries, especially construction, leather & textile and animal husbandry.  The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these calcium formate additives in the APAC and Europe.

Reasons for Buying this Report

• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward-looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed based on how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]