Calcium Formate Market – Global Industry Analysis And Forecast (2024-2030)

Calcium Formate Market was valued at US$ 541.37 Mn. in 2023. The Global Calcium Formate Market size is estimated to grow at a CAGR of 3.8 % over the forecast period.
Calcium Formate Market Overview:
The report explores the Calcium Formate market's segments (Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Calcium Formate market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Calcium Formate market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Calcium Formate Market Dynamics:
Additives, concrete accelerators, tile adhesives, and cement-based mortars are all made with calcium formate. Increased cement usage boosts the calcium formate demand in the construction industry. In the development business, calcium formate is used as a cement preservative to speed up the putting process and enhance the hardness of cement. Besides using calcium formate as a corrosion inhibitor and pH regulator, it is also used for constructing and protecting infrastructure substrates, as well as for oil drilling. It is often used to make concrete in China, a major cement manufacturer and consumer. As a result, calcium formate's market is being driven by the increased need for cement within the construction industry.

Calcium formate is available in several forms in cement and urban enterprise applications, including thiocyanates, chlorides, carbonates, thiosulfates, silicates, bromides, flourides, nitrates, alkali hydroxides, and aluminates. In many cases, calcium formate's market growth is slowed by those replacements, who are mostly employed inside the production industry

With several governments across the globe are imposing rules on fat enhancers used in animal feed, calcium formate are expected to become an increasingly popular feed additive over the forecast period. Nutrition-dense feed contributes to the fitness of the digestive system of animals. It recommends using chemical compounds and preservatives in feed to ensure healthy growth in livestock. In addition, growing meat and chicken consumption has increased the demand for livestock, which presents opportunity for calcium formate producers.

The important uncooked substances used in the manufacturing of calcium formate are formic acid and calcium carbonate. The calcium formate great market for those uncooked substances because of their rate instability. Due to this calcium formate manufacturers are seeking out low-cost methods to reduce manufacturing costs while increasing margins.
Segment Analysis:
Based on Type, the Calcium Formate Market is segmented into feed grade and industrial grade. Feed Grade is dominating the market by 65%. Feed Grade is a material that has been determined to be safe, functional, and suitable for its intended use in animal food. It can prevent the loss of vitamins and decomposes into free formic acid under the effect of gastric acid, thus lowering the pH value of contents in the stomach.

Based on Application, the Calcium Formate Market is segmented into building and construction, animal husbandry, leather and textile, energy and power, chemicals, others. Demand for calcium formate is boosted by the growth of cement consumption in the construction industry. As it accelerates the formation of tricalcium alluminate silicate, it impacts both setting and hardening times. Calcium formate is a part of tanning formulations that improve the penetration in leather.
Calcium Formate Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 34.1% in 2023. The emergence of healthful end-consumer industries, there is a forecast in funding in 2030 as a result of the emergence of healthful end consumer industries, such as pharmaceuticals, foods, and automobiles in the Asia Pacific area, it is anticipated that different places will stimulate market growth.

In India, development business market remained weak due to higher coal costs for cement production and its restricted accessibility, crushing profits and increasing production costs to meet consumer demands. Feedstock Methanol costs, on the other hand, remain cheap due to freight transit from Russia to Northeast and Southeast Asian countries. As the end of the financial year approached, the Indian petrochemical market was under pressure, with traders looking for a more precise pricing direction. Calcium Formate was priced at USD 730/FOB Qingdao in March in China.

Following Asia Pacific, North America is anticipated to have the greatest market boom since it is positively advance and trade, which includes packaged products and protection issues, will be the number one selling point. On top of positive energy prices and low inventories among the major producers, the formaldehyde and calcium hydroxide markets were also strong. Calcium formate price increased by 2% this quarter. Because of the continuous war between Russia and Ukraine, natural gas and crude oil prices have increased. The demand for additional stock was boosted when existing stocks were used up by businesses. In March, the price of Calcium Formate in the United States was USD 1180/tonne CFR Louisiana.

The objective of the report is to present a comprehensive analysis of the global Calcium Formate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Calcium Formate Market dynamic and structure by analyzing the market segments and projecting the Barium Fluoride Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Barium Fluoride Market make the report investor’s guide.
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Calcium Formate Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 541.37 Mn.


Forecast Period 2024 to 2030 CAGR:
3.8%
Market Size in 2030:
US$ 702.88 Mn.


 Segments Covered:
by Type
Feed grade
Industrial grade


by Application
Building and construction
Animal husbandry
Leather and textile
Energy and power
Chemicals
Others



by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Calcium Formate Market Key Players:
1. Jiangxi Kosin Organic Chemical
2. Chongqing Chuandong Chemical Co., Ltd
3. Shandong BaoYuan Chemical Co.
4. Wujiang Hongyang Chemical
5. Zibo Zhongchuan Chemical
6. GEO Specialty Chemicals
7. Sidley Chemical Co., Ltd.
8. LANXESS Corporation
9. Zibo Ruibao Chemical
10.Zouping Fenlian
11.Henan Botai Chemical Building Material Co., Ltd.
12.Fano Biotech
13.Perstorp
14.American Elements
15.Zouping Fenlian Chemical Company

Frequently asked questions:

1. What is the calcium formate market size?
Ans. Calcium formate market is forecasted to reach $ 702.88 Mn by 2030.

2. Which region is more eye-catching for vendors in the calcium formate market?
Ans. Asia pacific is more eye-catching for vendors in the calcium formate market.

3. Who are the key competitors in the calcium formate market?
Ans. Jiangxi Kosin Organic Chemical, Chongqing Chuandong Chemical Co., Ltd , Shandong BaoYuan Chemical Co. ,Wujiang Hongyang Chemical, Zibo Zhongchuan Chemical, GEO Specialty Chemicals, Sidley Chemical Co., Ltd., LANXESS Corporation, Zibo Ruibao Chemical, Zouping Fenlian, Henan Botai Chemical Building Material Co., Ltd., Fano Biotech, Perstorp, American Elements, Zouping Fenlian Chemical Company.

4. What is the CAGR of calcium formate market?
Ans. Calcium formate market is forecasted to grow at a CAGR of 3.8% during forecast period.

5. What are the application segments of the calcium formate market?
Ans. The application segments of the market are building and construction, animal husbandry, leather and textile, energy and power, chemicals, others.