H1 2023: Calcium chloride prices fell in the US market during the first three months of 2023, which was ascribed to weak demand from downstream businesses like the construction sector. Low Price trends were further influenced by the drop in feedstock limestone prices across the USA during the first two months of 2023.. As limestone prices rose, the demand from the construction sector upstream also increased in US The supply was still sufficient to support both US and foreign markets. Due to decreased demand in the construction industry downstream, calcium chloride prices took a negative turn in May and June. As the US summer approached, the downstream de-icing industries used less calcium chloride due to a hazy buying pattern. On the other hand, the price of calcium chloride in Asia climbed in the first five months of 2023 as a result of the high demand for the commodity in the region. Pricing dynamics were impacted by the increased buying interest for the product in the Asian market. The price of calcium chloride increased in other Asian nations including China as a result of a jump in demand. Due to a decline in demand in the construction industry downstream, the price of calcium chloride took a negative turn in May and June. Due to the calcium chloride inventory stocks being at a high level, prices depreciated in China.
The global Calcium Chloride market stood at approximately 4080 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.60% during the forecast period until 2032. Factors supporting market growth include expanding product application across industries such as de-icing, construction, and food processing, rising product demand in the oil and gas industry for well drilling and completion, and the increasing need for dust control and stabilization in mining operations.
Chemically, calcium chloride has the formula CaCl2. It is a crystalline salt with a high-water solubility. The Solvay process, which involves the reaction of limestone (calcium carbonate) and hydrochloric acid, principally results in the production of calcium chloride as a by-product. Calcium chloride is widely used in the waste water sector and the food and beverage industry,. To eliminate pollutants from wastewater, calcium chloride is essential. To add calcium chloride to their oily waste streams, several industries including metalworking, petrochemical, food processing, textile, and laundry do so. The addition of calcium chloride causes oil droplets to float to the water's top where skimming can readily remove them. To effectively melt snow and ice on roads, highways, and airport runways, calcium chloride works by lowering the freezing point of ice.
Calcium chloride is the main substance used in the construction sector because of the unique properties it possesses. It is frequently used as a part of concrete accelerators because of its capacity to speed up the drying process of concrete. It assumes a greater level of relevance during the winter since it helps absorb moisture and warms the concrete to help it settle more quickly. However, the ongoing process of infrastructure construction that is taking place all over the world is one of the most significant factors influencing the growth of the global calcium chloride (CaCl2) market. All different sorts of economies, including developed, poor, and developing ones, have a sizable need. The oil and gas industry makes substantial use of calcium chloride. It is utilized as drilling fluid, well completion fluid, and brine for hydraulic fracturing. There is a high chance for the worldwide calcium chloride market to increase its position in this sector due to the expansion of the oil and gas industry, notably in regions like North America, the Middle East, and Asia. There is another factor contributing to the expansion of Calcium chloride market which is the expansion of the oil and gas industry, notably in regions like North America, the Middle East, and Europe. The growing frequency of extreme weather events is the main factor driving the expansion of the de-icing segment within the worldwide calcium chloride market. The global Calcium Chloride market is anticipated to increase favorably as a result of these reasons and reach 6400 thousand tonnes by 2032.
North America now dominates the worldwide calcium chloride market as a result of increased de-icing operations brought on by the region's harsh cold and rising shale gas consumption. In the Asia Pacific region, due to increased government spending on infrastructure development in nations like China and India in this region, the Asia-Pacific is predicted to grow at a considerable growth rate throughout the projected period of 2023 to 2032.
Based on grade, The calcium chloride market is divided into Food Grade and Industrial Grade. Tofu, baked foods, and processed cheese are just a few examples of food products that frequently contain calcium chloride as a firming agent. It has numerous other uses in the food business in addition to being a food preservative. The majority of sports beverages contain calcium chloride as an active component to replenish electrolytes lost during intense activity. Additionally, it is utilized to keep the body's fluid balance and avoid cramping. Additionally, calcium chloride may occasionally be added to sports drinks to enhance flavor. The widespread use of calcium chloride as a de-icing agent and dust suppressant in a variety of industries, including construction, mining, and manufacturing, is a major factor in the expansion of the industrial-grade market.
Based on the end-user industry, the global Calcium Chloride market is segmented into De-icing and Dust, Oil and Gas, Construction, Food & Beverages, and Others. However, De-icing and Dust is the leading segment and held about 37% of the global Calcium Chloride market in 2022. The oil and gas industry makes substantial use of calcium chloride. It is utilized as drilling fluid, well completion fluid, and brine for hydraulic fracturing.
Major players in the Global Calcium Chloride market are Occidental Chemical Corporation, Solvay., Weifang Haibin Chemical Co., Ltd, Nedmag B.V., Zirax Limited, Sitara Chemical Industries Ltd., Weifang Taize Chemical Industry Co., Ltd., BASF SE, Gujarat Alkalies and Chemical Limited, Aditya Birla Chemicals, Dow, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Calcium Chloride which covers production, demand and supply of Calcium Chloride market in the globe.
• To analyse and forecast the market size of Calcium Chloride
• To classify and forecast Global Calcium Chloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Calcium Chloride market in the globe.
To extract data for Global Calcium Chloride market, primary research surveys were conducted with Calcium Chloride manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Calcium Chloride market over the coming years.
ChemAnalyst calculated Calcium Chloride demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Calcium Chloride. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Calcium Chloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Calcium Chloride distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Calcium Chloride manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Calcium Chloride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
4080 thousand tonnes
Market size Volume in 2032
6400 thousand tonnes
Growth Rate
CAGR of 4.60% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (De-icing and Dust, Oil and Gas, Construction, Food & Beverages, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was global market size of Calcium Chloride in terms of volume in 2022?
Ans:
The global market size of Calcium Chloride has reached approximately 4080 thousand tonnes in 2022.
Q2.
Which industries are the leading consumers of Calcium Chloride?
Ans:
De-icing and Dust, Oil and Gas, Construction, and Food & Beverages are the leading consumers of Calcium Chloride globally.
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