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Calcium Formate Market Size, Share & Industry Trends Analysis Report By Application, By Grade, By End-use (Construction, Leather & Textile, Animal Husbandry, Power Generation, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 349 Pages
  • December 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5922436
The Global Calcium Formate Market size is expected to reach $1.1 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,264.4 Kilo Tonnes, experiencing a growth of 5.0% (2019-2022).

Calcium formate is widely used as a concrete accelerator in the construction segment. It accelerates the setting and curing of concrete, particularly in cold weather conditions where traditional curing processes may be slower. Therefore, the construction segment captured $248.0 million revenue in the market in 2022. The compound's ability to improve the early strength development of concrete is valuable in ensuring timely construction progress. This is an effective solution for construction projects in colder climates, allowing construction activities to continue even during winter. Its use helps mitigate the impact of low temperatures on concrete work. Some of the factors impacting the market are growing power generation needs, expansion of animal husbandry growth, and high-cost sensitivity of calcium formate.

Calcium formate is used as a de-icing agent in power generation facilities. It helps prevent ice accumulation on critical infrastructure such as power lines, transformers, and outdoor equipment. This is crucial for maintaining power generation facilities' operational efficiency and safety. Its role in preventing ice accumulation facilitates more efficient maintenance of power generation infrastructure. It reduces the need for frequent interruptions and maintenance activities caused by ice-related issues. Additionally, this is a feed additive in animal nutrition, contributing to livestock's health and well-being. It provides essential nutrients and supports optimal growth. The antimicrobial properties of this make it a valuable alternative to traditional antibiotics in animal feed. As concerns about antibiotic resistance grow, this aligns with the shift towards sustainable and responsible agricultural practices. This is known to improve digestive health in animals. Expansion of animal husbandry growth have been a pivotal factor in driving the growth of the market.

However, the cost of calcium formate can be subject to volatility, influenced by factors such as raw material prices and production costs. Cost-sensitive industries may find fluctuations challenging to manage. Industries operating under tight budget constraints may resist adopting these if the perceived cost is high. High or fluctuating prices can raise concerns about the affordability of these, especially in industries where cost considerations play a critical role in procurement decisions. Thus, high-cost sensitivity of calcium formate can slow down the growth of the market.

End-Use Outlook

On the basis of end-use, the market is divided into construction, leather & textile, animal husbandry, power generation, and others. The power generation segment procured a promising growth rate in the market in 2022. Calcium formate is used as a de-icing agent in power generation facilities, especially in cold climates. Its ability to lower the freezing point of water helps prevent ice formation on critical infrastructure, such as power lines, electrical equipment, and outdoor facilities. This makes it suitable for power generation facilities where sensitive equipment, electrical components, and infrastructure risk corrosion if exposed to certain de-icing agents.

Application Outlook

Based on application, the market is classified into feed additive, concrete additive, textile dyeing & finishing, and others. In 2022, the concrete additive segment witnessed the largest revenue share in the market. This can act as a water reducer in concrete mixes. Reducing the water demand helps maintain the desired consistency and workability of the concrete while minimizing the risk of shrinkage cracks. This is an alkali-free accelerator, making it a suitable choice for applications where alkali-silica reaction (ASR) is a concern. ASR can lead to the formation of cracks in concrete due to a reaction between alkalis in the cement and certain reactive minerals in aggregates.

Grade Outlook

By grade, the market is categorized into feed grade and industrial grade. The feed grade segment covered a considerable revenue share in the market in 2022. Calcium formate exhibits antimicrobial properties that are particularly beneficial in animal nutrition. This improves gut health by limiting the formation of harmful bacteria in animals' digestive systems. This antimicrobial effect promotes a healthier environment in the gastrointestinal tract, enhancing overall well-being in livestock. This can enhance the digestibility of nutrients in animal feed.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. The region has a significant agricultural sector, and its adoption as a feed additive in animal nutrition supports the growth and health of livestock. The growth of the animal husbandry industry in the Asia Pacific region contributes to the adoption of this as a feed additive. As the region experiences economic growth, there is a concurrent increase in power generation activities and energy infrastructure development.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lanxess AG, Chongqing Chuandong Chemical (Group) Co., Ltd., Zibo ruibao chemical co. LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co.,Ltd., SIDLEY CHEMICAL CO.,LTD., American Elements, Minerals Technologies Inc., Cerne Calcium Company, and Hangzhou Focus Chemical Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Concrete Additive
  • Feed Additive
  • Textile Dyeing & Finishing
  • Others

By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Industrial Grade
  • Feed Grade

By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)

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

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Lanxess AG
  • Chongqing Chuandong Chemical (Group) Co., Ltd.
  • Zibo ruibao chemical co. LTD.
  • Henan Botai Chemical Building Material Co., Ltd.
  • Shandong Baoyuan Chemical Co.,Ltd.
  • SIDLEY CHEMICAL CO.,LTD.
  • American Elements
  • Minerals Technologies Inc.
  • Cerne Calcium Company
  • Hangzhou Focus Chemical Co., Ltd.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
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  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Calcium Formate Market, by Application
1.4.2 Global Calcium Formate Market, by Grade
1.4.3 Global Calcium Formate Market, by End-use
1.4.4 Global Calcium Formate Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Calcium Formate Market by Application
4.1 Global Concrete Additive Market by Region
4.2 Global Feed Additive Market by Region
4.3 Global Textile Dyeing & Finishing Market by Region
4.4 Global Others Market by Region
Chapter 5. Global Calcium Formate Market by Grade
5.1 Global Industrial Grade Market by Region
5.2 Global Feed Grade Market by Region
Chapter 6. Global Calcium Formate Market by End-use
6.1 Global Construction Market by Region
6.2 Global Leather & Textile Market by Region
6.3 Global Animal Husbandry Market by Region
6.4 Global Power Generation Market by Region
6.5 Global Others Market by Region
Chapter 7. Global Calcium Formate Market by Region
7.1 North America Calcium Formate Market
7.1.1 North America Calcium Formate Market by Application
7.1.1.1 North America Concrete Additive Market by Country
7.1.1.2 North America Feed Additive Market by Country
7.1.1.3 North America Textile Dyeing & Finishing Market by Country
7.1.1.4 North America Others Market by Country
7.1.2 North America Calcium Formate Market by Grade
7.1.2.1 North America Industrial Grade Market by Country
7.1.2.2 North America Feed Grade Market by Country
7.1.3 North America Calcium Formate Market by End-use
7.1.3.1 North America Construction Market by Country
7.1.3.2 North America Leather & Textile Market by Country
7.1.3.3 North America Animal Husbandry Market by Country
7.1.3.4 North America Power Generation Market by Country
7.1.3.5 North America Others Market by Country
7.1.4 North America Calcium Formate Market by Country
7.1.4.1 US Calcium Formate Market
7.1.4.1.1 US Calcium Formate Market by Application
7.1.4.1.2 US Calcium Formate Market by Grade
7.1.4.1.3 US Calcium Formate Market by End-use
7.1.4.2 Canada Calcium Formate Market
7.1.4.2.1 Canada Calcium Formate Market by Application
7.1.4.2.2 Canada Calcium Formate Market by Grade
7.1.4.2.3 Canada Calcium Formate Market by End-use
7.1.4.3 Mexico Calcium Formate Market
7.1.4.3.1 Mexico Calcium Formate Market by Application
7.1.4.3.2 Mexico Calcium Formate Market by Grade
7.1.4.3.3 Mexico Calcium Formate Market by End-use
7.1.4.4 Rest of North America Calcium Formate Market
7.1.4.4.1 Rest of North America Calcium Formate Market by Application
7.1.4.4.2 Rest of North America Calcium Formate Market by Grade
7.1.4.4.3 Rest of North America Calcium Formate Market by End-use
7.2 Europe Calcium Formate Market
7.2.1 Europe Calcium Formate Market by Application
7.2.1.1 Europe Concrete Additive Market by Country
7.2.1.2 Europe Feed Additive Market by Country
7.2.1.3 Europe Textile Dyeing & Finishing Market by Country
7.2.1.4 Europe Others Market by Country
7.2.2 Europe Calcium Formate Market by Grade
7.2.2.1 Europe Industrial Grade Market by Country
7.2.2.2 Europe Feed Grade Market by Country
7.2.3 Europe Calcium Formate Market by End-use
7.2.3.1 Europe Construction Market by Country
7.2.3.2 Europe Leather & Textile Market by Country
7.2.3.3 Europe Animal Husbandry Market by Country
7.2.3.4 Europe Power Generation Market by Country
7.2.3.5 Europe Others Market by Country
7.2.4 Europe Calcium Formate Market by Country
7.2.4.1 Germany Calcium Formate Market
7.2.4.1.1 Germany Calcium Formate Market by Application
7.2.4.1.2 Germany Calcium Formate Market by Grade
7.2.4.1.3 Germany Calcium Formate Market by End-use
7.2.4.2 UK Calcium Formate Market
7.2.4.2.1 UK Calcium Formate Market by Application
7.2.4.2.2 UK Calcium Formate Market by Grade
7.2.4.2.3 UK Calcium Formate Market by End-use
7.2.4.3 France Calcium Formate Market
7.2.4.3.1 France Calcium Formate Market by Application
7.2.4.3.2 France Calcium Formate Market by Grade
7.2.4.3.3 France Calcium Formate Market by End-use
7.2.4.4 Russia Calcium Formate Market
7.2.4.4.1 Russia Calcium Formate Market by Application
7.2.4.4.2 Russia Calcium Formate Market by Grade
7.2.4.4.3 Russia Calcium Formate Market by End-use
7.2.4.5 Spain Calcium Formate Market
7.2.4.5.1 Spain Calcium Formate Market by Application
7.2.4.5.2 Spain Calcium Formate Market by Grade
7.2.4.5.3 Spain Calcium Formate Market by End-use
7.2.4.6 Italy Calcium Formate Market
7.2.4.6.1 Italy Calcium Formate Market by Application
7.2.4.6.2 Italy Calcium Formate Market by Grade
7.2.4.6.3 Italy Calcium Formate Market by End-use
7.2.4.7 Rest of Europe Calcium Formate Market
7.2.4.7.1 Rest of Europe Calcium Formate Market by Application
7.2.4.7.2 Rest of Europe Calcium Formate Market by Grade
7.2.4.7.3 Rest of Europe Calcium Formate Market by End-use
7.3 Asia Pacific Calcium Formate Market
7.3.1 Asia Pacific Calcium Formate Market by Application
7.3.1.1 Asia Pacific Concrete Additive Market by Country
7.3.1.2 Asia Pacific Feed Additive Market by Country
7.3.1.3 Asia Pacific Textile Dyeing & Finishing Market by Country
7.3.1.4 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Calcium Formate Market by Grade
7.3.2.1 Asia Pacific Industrial Grade Market by Country
7.3.2.2 Asia Pacific Feed Grade Market by Country
7.3.3 Asia Pacific Calcium Formate Market by End-use
7.3.3.1 Asia Pacific Construction Market by Country
7.3.3.2 Asia Pacific Leather & Textile Market by Country
7.3.3.3 Asia Pacific Animal Husbandry Market by Country
7.3.3.4 Asia Pacific Power Generation Market by Country
7.3.3.5 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Calcium Formate Market by Country
7.3.4.1 China Calcium Formate Market
7.3.4.1.1 China Calcium Formate Market by Application
7.3.4.1.2 China Calcium Formate Market by Grade
7.3.4.1.3 China Calcium Formate Market by End-use
7.3.4.2 Japan Calcium Formate Market
7.3.4.2.1 Japan Calcium Formate Market by Application
7.3.4.2.2 Japan Calcium Formate Market by Grade
7.3.4.2.3 Japan Calcium Formate Market by End-use
7.3.4.3 India Calcium Formate Market
7.3.4.3.1 India Calcium Formate Market by Application
7.3.4.3.2 India Calcium Formate Market by Grade
7.3.4.3.3 India Calcium Formate Market by End-use
7.3.4.4 South Korea Calcium Formate Market
7.3.4.4.1 South Korea Calcium Formate Market by Application
7.3.4.4.2 South Korea Calcium Formate Market by Grade
7.3.4.4.3 South Korea Calcium Formate Market by End-use
7.3.4.5 Singapore Calcium Formate Market
7.3.4.5.1 Singapore Calcium Formate Market by Application
7.3.4.5.2 Singapore Calcium Formate Market by Grade
7.3.4.5.3 Singapore Calcium Formate Market by End-use
7.3.4.6 Malaysia Calcium Formate Market
7.3.4.6.1 Malaysia Calcium Formate Market by Application
7.3.4.6.2 Malaysia Calcium Formate Market by Grade
7.3.4.6.3 Malaysia Calcium Formate Market by End-use
7.3.4.7 Rest of Asia Pacific Calcium Formate Market
7.3.4.7.1 Rest of Asia Pacific Calcium Formate Market by Application
7.3.4.7.2 Rest of Asia Pacific Calcium Formate Market by Grade
7.3.4.7.3 Rest of Asia Pacific Calcium Formate Market by End-use
7.4 LAMEA Calcium Formate Market
7.4.1 LAMEA Calcium Formate Market by Application
7.4.1.1 LAMEA Concrete Additive Market by Country
7.4.1.2 LAMEA Feed Additive Market by Country
7.4.1.3 LAMEA Textile Dyeing & Finishing Market by Country
7.4.1.4 LAMEA Others Market by Country
7.4.2 LAMEA Calcium Formate Market by Grade
7.4.2.1 LAMEA Industrial Grade Market by Country
7.4.2.2 LAMEA Feed Grade Market by Country
7.4.3 LAMEA Calcium Formate Market by End-use
7.4.3.1 LAMEA Construction Market by Country
7.4.3.2 LAMEA Leather & Textile Market by Country
7.4.3.3 LAMEA Animal Husbandry Market by Country
7.4.3.4 LAMEA Power Generation Market by Country
7.4.3.5 LAMEA Others Market by Country
7.4.4 LAMEA Calcium Formate Market by Country
7.4.4.1 Brazil Calcium Formate Market
7.4.4.1.1 Brazil Calcium Formate Market by Application
7.4.4.1.2 Brazil Calcium Formate Market by Grade
7.4.4.1.3 Brazil Calcium Formate Market by End-use
7.4.4.2 Argentina Calcium Formate Market
7.4.4.2.1 Argentina Calcium Formate Market by Application
7.4.4.2.2 Argentina Calcium Formate Market by Grade
7.4.4.2.3 Argentina Calcium Formate Market by End-use
7.4.4.3 UAE Calcium Formate Market
7.4.4.3.1 UAE Calcium Formate Market by Application
7.4.4.3.2 UAE Calcium Formate Market by Grade
7.4.4.3.3 UAE Calcium Formate Market by End-use
7.4.4.4 Saudi Arabia Calcium Formate Market
7.4.4.4.1 Saudi Arabia Calcium Formate Market by Application
7.4.4.4.2 Saudi Arabia Calcium Formate Market by Grade
7.4.4.4.3 Saudi Arabia Calcium Formate Market by End-use
7.4.4.5 South Africa Calcium Formate Market
7.4.4.5.1 South Africa Calcium Formate Market by Application
7.4.4.5.2 South Africa Calcium Formate Market by Grade
7.4.4.5.3 South Africa Calcium Formate Market by End-use
7.4.4.6 Nigeria Calcium Formate Market
7.4.4.6.1 Nigeria Calcium Formate Market by Application
7.4.4.6.2 Nigeria Calcium Formate Market by Grade
7.4.4.6.3 Nigeria Calcium Formate Market by End-use
7.4.4.7 Rest of LAMEA Calcium Formate Market
7.4.4.7.1 Rest of LAMEA Calcium Formate Market by Application
7.4.4.7.2 Rest of LAMEA Calcium Formate Market by Grade
7.4.4.7.3 Rest of LAMEA Calcium Formate Market by End-use
Chapter 8. Company Profiles
8.1 Lanxess AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Chongqing Chuandong Chemical (Group) Co., Ltd.
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Zibo ruibao chemical co. LTD.
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Henan Botai Chemical Building Material Co., Ltd.
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Shandong Baoyuan Chemical Co.,Ltd.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 SIDLEY CHEMICAL CO.,LTD.
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 American Elements
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Minerals Technologies Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Cerne Calcium Company
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Hangzhou Focus Chemical Co., Ltd.
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning Imperatives of Calcium Formate Market

Companies Mentioned

  • Lanxess AG
  • Chongqing Chuandong Chemical (Group) Co., Ltd.
  • Zibo ruibao chemical co. LTD.
  • Henan Botai Chemical Building Material Co., Ltd.
  • Shandong Baoyuan Chemical Co.,Ltd.
  • SIDLEY CHEMICAL CO.,LTD.
  • American Elements
  • Minerals Technologies Inc.
  • Cerne Calcium Company
  • Hangzhou Focus Chemical Co., Ltd.

Methodology

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