Calcium chloride is a versatile chemical compound widely used in various industries. Its hygroscopic nature makes it valuable for de-icing roads, controlling dust, and maintaining proper humidity levels in food production. In the chemical industry, it serves as a desiccant and helps in the removal of impurities from liquids. Moreover, it finds applications in concrete acceleration, oil drilling, and as a food additive, showcasing its multifaceted utility.
As per the recent research conducted by a leading market insights provider FMI, the global Calcium Chloride market size will expand at a healthy CAGR over the forecast period between 2022 and 2028. The aim of this study is to analyze key market dynamics affecting the sales of Calcium Chloride and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Calcium Chloride Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Calcium Chloride market.
Key Calcium Chloride Market Takeaways and Projections
- The US will lead the North America Calcium Chloride market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Calcium Chloride market. It also profiles a list of prominent companies including
Nedmag Industries:The calcium chloride market player has recently announced that research studies by Transport Research Institute and Swedish National Road found out that calcium chloride can be added to the de-icing salts for reducing negative impact of the de-icing solutions on environment.
Solvay S.A.:The calcium chloride market player has expanded application development center across Bollate in Italy for boosting powertrain and engine fluid handling components advancements of OEMs.
Occidental Petroleum Corporation:The calcium chloride market player enters into an investment agreement with NET Power, LLC for advancing the innovative low-carbon technology.
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Key Segments Profiled in the Calcium Chloride Industry Survey
Based on application, calcium chloride market is divided into
- Agriculture
- Industrial Processing
- Construction
- Drilling Fluids
- Dust Control
- De-icing
- Others (food, pharmaceuticals, etc.)
Based on end-use, calcium chloride market is divided into
- Pharmaceutical grade calcium chloride
- Food grade calcium chloride
- Agriculture grade calcium chloride
- Industrial grade calcium chloride
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Calcium Chloride market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Calcium Chloride market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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