logo
logo
Sign in

Calcium Formate Market is Anticipated to Witness High Growth Owing to its Wide Applications in Construction Industry

avatar
ashwini bakhade
Calcium Formate Market is Anticipated to Witness High Growth Owing to its Wide Applications in Construction Industry

The calcium formate market has been gaining significant traction in various end-use industries such as construction, chemicals, and animal husbandry. Calcium formate has excellent properties like moisture resistance, fire resistance, and high strength which make it suitable for concrete admixtures and cement additives in the construction industry. It improves workability, accelerates hydration, and enhances strength in concrete when used as an additive. It helps concrete set faster and achieve early strength which allows fast-track construction projects.

The global Calcium Formate Market is estimated to be valued at US$ 860 million in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the calcium formate are SIDLEY CHEMICAL CO., LTD., Zouping Fenlian Biotech Co., Ltd., American Elements, Wujiang yingchuang chemical co., ltd., Minerals Technologies Inc., Cerne Calcium Company, LANXESS, Perstorp Holding AB, Chongqing Chuandong Chemical (Group) Co. Ltd., Zibo ruibao chemical Co., LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co. Ltd, Jiangxi Kosin Frontier Technology Co., Ltd. These companies are focusing on enhancing their production capacities and expanding their global footprint to cater to the growing demand for calcium formate globally.

There is immense potential for calcium formate in various applications such as concrete additives in construction, leather processing, textile auxiliaries, animal feed additives, and drilling & oil well cementing. Rising infrastructure development and growing population have increased the demand for cement and concrete additives globally, which is expected to drive the calcium formate market. moreover, significant growth of end-use industries such as construction and chemicals will create new market opportunities for calcium formate producers globally.

The major players have adopted strategies like expansions, new product developments, collaborations and acquisitions to cater to the increasing global demand for calcium formate and gain a competitive advantage. China and India are likely to emerge as highly lucrative markets for calcium formate market players owing to rising construction activities in these countries.

Market Drivers:

Increasing construction activities: The rapidly growing construction industry globally especially in emerging countries is one of the major drivers for calcium formate market. It is widely used as an additive in concrete and cement to improve its properties.

Wide applications in end-use industries: Calcium formate has a wide array of applications in various end-use industries like construction, chemicals, leather, textiles, animal feed etc. The growth in these industries is supporting the growth of calcium formate market.

Market Restrains:

Fluctuating raw material prices: Calcium formate is derived from formic acid which is obtained from various petrochemical sources. The fluctuating prices of raw materials can hamper the profitability and supply of calcium formate.

Availability of substitutes: The presence of alternative cement and concrete admixtures can limit the demand growth of calcium formate to some extent.


Segment Analysis

The calcium format market is dominated by the silage segment which accounts for over 30% of the total market share. Calcium formate finds wide application as a food additive in silage production as it acts as an alternative to organic acids and promotes the formation of acetic acid during the ensilage process. This enhances aerobic stability and nutrient retention in silage. Calcium formate is a preferred solution for silage producers as it prevents deterioration and loss of nutritional value during storage as compared to other preservatives.

Global Analysis

The Asia Pacific region dominates the global calcium format market and accounted for over 35% share in 2024. This is attributed to robust demand from the construction and animal feed industries in countries like China and India which are among the largest producers and consumers of calcium format. China is the world’s largest cement producer and the usage of calcium format as a setting retarder in cement applications is driving market growth. The Europe region is the second largest regional calcium format market supported by implementation of stringent silage production standards in countries like Germany and France. Regulations favor the usage of calcium format as a preservative in silage manufacturing. North America is projected to expand at the fastest pace during the forecast period due to ongoing infrastructure development projects and increased meat consumption in the US and Canada.

Get more insights on This Topic- Calcium Formate Market

collect
0
avatar
ashwini bakhade
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more