Calcium Formate Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Calcium Formate Market
The calcium formate market size was valued at USD 469.4 million in 2020, and the market is now projected to grow to USD 628.5 million in 2028 exhibiting a CAGR of 4.0% during the forecast period of 2024-2032.
The outbreak of the COVID-19 compelled the contraction, expansion and disruptions of the calcium formate market supply chains and demands. One of the major issues was that on account of lockdowns and factory shutdowns there was disruption in the supply that led to shortfall. Furthermore, slow construction activity and delayed industrialization reduced the consumption as calcium seniors is widely used in construction and agriculture. However, the pandemic accelerated the development of stringent hygiene and sanitation standards that have improved the demand for some products such as calcium formate that forms part of the disinfectants. All in all, this period may be characterized as the period of both risks and opportunities in the market environment.
Calcium formate market is going through some major trends prevailing with the market. There is increasing demand from the construction industries and from agricultural use since the product is used in concrete and as feed preservative. Rising trends towards sustainable construction practices are also driving the use of this additive in green buildings. Moreover, as a co-product of the production of de-icing agents and animal feed, the use of calcium formate is growing. Market growth is further underpinned by growing investments in infrastructure expansion and greater emphasis on efficacious animal nutrition product. Improvements of manufacturing systems focus on improving the utilisation of products and increasing reliability on sustainability aspects. Thus, all the above mentioned factors are contributing towards calcium formate growth.
The factors that are main drivers for the calcium formate market include; calcium formate use in construction industry as admixtures to concrete to help strengthen the concrete and increase its durability. The need is driven by the expansion of the construction and Infrastructure industries particularly for the emerging global markets. Moreover, the application area of calcium formate as feed preservative in agriculture is growing because of the benefits for animals. Increased regulation on environmental management to support sustainable raw materials and manufacturing also work to market growth. In addition, the availability of better quality animal feed and demand for de-icing agents during winter demands for calcium formate.
Comprehensive Analysis Calcium Formate Market
The calcium formate market analysis is carried out by segmenting it on the basis of type and application. In terms of type it is segmented into feed grade and industrial grade. The feed grade calcium formate is used as an animal feed supplement and the industrial grade calcium formate is used as a construction material, leather goods, and chemicals. On the basis of the application the market is divided into the feed, construction, leather, chemical and others. It disclosed that feed applications predominate due to the utility of the chemical as a preservative and nutrient enhancer in animal feed. The construction segment is also large, in which calcium formate is employed as an addition to concrete to increase its density and strength.
Currently, Asia Pacific represents the largest market for calcium formate due to higher industrialization and huge construction and agriculture industries particularly in China and India. The increasing development of infrastructures, especially in the developing world, keeps driving the calcium formate as a component in concrete and feed preservatives. Also, the growing throughput in livestock industry makes the consumption of calcium formate in animal feed high. Another factor favoring the growth of the market in this region is the location of large manufacturing production centers and the increasing environmental legislation.
Key players in this sector include LANXESS (Germany), Perstorp (Sweden), American Elements (USA), GEO Specialty Chemicals (USA), Henan Botai Chemical Building Materials Company Ltd. (China), Zibo Ruibao Chemical Co., Ltd. (China), Shandong Baoyuan Chemical Co., Ltd. (China), Jiangxi Kosin Organic Chemical (China)
Observations in the calendar year 2024 have revealed that there is a growing uptake trend in high-quality and sustainable calcium formate intake globally. Manufacturers want to create more sustainable calcium formate for green construction products through the optimization of the production process. This trend has been widely observed in construction industry since calcium formate has been used to improve capacities of concrete to produce stronger structures that are long-lasting and friendly to the environment. Further, improvements in the manufacturing process have shrunk the wastes, thus the energy utilized in the making is relatively low, and the product is friendly to the environment being in tandem with most international environmental standards.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million) and Volume (Kiloton)
SegmentationBy Type
Feed Grade
Industrial Grade
By Application
Feed
Construction
Leather
Chemicals
Others
By Geography
North America
By Type
By Application
By Country
U.S.
Canada
Mexico
Europe
By Type
By Application
By Country
Germany
UK
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
By Product Type
By Application
By Country
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
South America
By Type
By Application
By Country
Brazil
Rest of South America
The Middle East and Africa
By Type
By Application
By Sub-Region
Saudi Arabia
South Africa
Egypt
Turkey
Rest of the Middle East and Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Trends – For Major Countries
- 4.2. Global Feed Production Overview
- 4.3. Regulatory Scenario
- 4.4. Global Cement Consumption Overview
- 5. COVID-19 Impact Analysis
- 5.1. Supply Chain Challenges
- 5.2. Steps Taken by Government/Companies to combat COVID-19
- 5.3. Potential Opportunities due to COVID-19 Outbreak
- 6. Global Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast
- 6.3. By Type
- 6.3.1. Feed
- 6.3.2. Industrial
- 7. Global Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast
- 7.3. By Application
- 7.3.1. Feed
- 7.3.2. Construction
- 7.3.3. Leather
- 7.3.4. Chemicals
- 7.3.5. Others
- 8. Global Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast
- 8.3. By Region
- 8.3.1. North America
- 8.3.2. Europe
- 8.3.3. Asia Pacific
- 8.3.4. South America
- 8.3.5. Middle East & Africa
- 9. North America Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast
- 9.2.1. By Type (Value & Volume)
- 9.2.1.1. Feed
- 9.2.1.2. Industrial
- 9.2.2. By Application (Value & Volume)
- 9.2.2.1. Feed
- 9.2.2.2. Construction
- 9.2.2.3. Leather
- 9.2.2.4. Chemicals
- 9.2.2.5. Others
- 9.2.3. By Country (Value & Volume)
- 9.2.3.1. U.S
- 9.2.3.2. Canada
- 9.2.3.3. Mexico
- 10. Europe Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast
- 10.2.1. By Type (Value & Volume)
- 10.2.1.1. Feed
- 10.2.1.2. Industrial
- 10.2.2. By Application (Value & Volume)
- 10.2.2.1. Feed
- 10.2.2.2. Construction
- 10.2.2.3. Leather
- 10.2.2.4. Chemicals
- 10.2.2.5. Others
- 10.2.3. By Country (Value & Volume)
- 10.2.3.1. Germany
- 10.2.3.2. UK
- 10.2.3.3. France
- 10.2.3.4. Spain
- 10.2.3.5. Italy
- 10.2.3.6. Russia
- 10.2.3.7. Rest of Europe
- 11. Asia Pacific Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast
- 11.2.1. By Type (Value & Volume)
- 11.2.1.1. Feed
- 11.2.1.2. Industrial
- 11.2.2. By Application (Value & Volume)
- 11.2.2.1. Feed
- 11.2.2.2. Construction
- 11.2.2.3. Leather
- 11.2.2.4. Chemicals
- 11.2.2.5. Others
- 11.2.3. By Country (Value & Volume)
- 11.2.3.1. China
- 11.2.3.2. India
- 11.2.3.3. Japan
- 11.2.3.4. South Korea
- 11.2.3.5. ASEAN
- 11.2.3.6. Rest of Asia Pacific
- 12. South America Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 12.1. Key Findings / Summary
- 12.2. Market Analysis, Insights and Forecast
- 12.2.1. By Type (Value & Volume)
- 12.2.1.1. Feed
- 12.2.1.2. Industrial
- 12.2.2. By Application (Value & Volume)
- 12.2.2.1. Feed
- 12.2.2.2. Construction
- 12.2.2.3. Leather
- 12.2.2.4. Chemicals
- 12.2.2.5. Others
- 12.2.3. By Country (Value & Volume)
- 12.2.3.1. Brazil
- 12.2.3.2. Rest of South America
- 13. Middle East & Africa Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- 13.1. Key Findings / Summary
- 13.2. Market Analysis, Insights and Forecast
- 13.2.1. By Type (Value & Volume)
- 13.2.1.1. Feed
- 13.2.1.2. Industrial
- 13.2.2. By Application (Value & Volume)
- 13.2.2.1. Feed
- 13.2.2.2. Construction
- 13.2.2.3. Leather
- 13.2.2.4. Chemicals
- 13.2.2.5. Others
- 13.2.3. By Country (Value & Volume)
- 13.2.3.1. Saudi Arabia
- 13.2.3.2. South Africa
- 13.2.3.3. Egypt
- 13.2.3.4. Turkey
- 13.2.3.5. Rest of Middle East & Africa
- 14. Competitive Landscape
- 14.1. Company Market Share Analysis, 2019
- 14.2. Company Profiles (Overview, Product Portfolio, Recent Developments, Strategies, Financials (Based on availability)
- 14.2.1. LANXESS
- 14.2.1.1. Overview,
- 14.2.1.2. Product Portfolio,
- 14.2.1.3. Recent Developments,
- 14.2.1.4. Strategies,
- 14.2.1.5. Financials (Based on availability)
- 14.2.2. Perstorp
- 14.2.2.1. Overview,
- 14.2.2.2. Product Portfolio,
- 14.2.2.3. Recent Developments,
- 14.2.2.4. Strategies,
- 14.2.2.5. Financials (Based on availability)
- 14.2.3. Chongqing Chuandong Chemicals (Group) Co., Ltd.
- 14.2.3.1. Overview,
- 14.2.3.2. Product Portfolio,
- 14.2.3.3. Recent Developments,
- 14.2.3.4. Strategies,
- 14.2.3.5. Financials (Based on availability)
- 14.2.4. American Elements
- 14.2.4.1. Overview,
- 14.2.4.2. Product Portfolio,
- 14.2.4.3. Recent Developments,
- 14.2.4.4. Strategies,
- 14.2.4.5. Financials (Based on availability)
- 14.2.5. GEO Specialty Chemicals
- 14.2.5.1. Overview,
- 14.2.5.2. Product Portfolio,
- 14.2.5.3. Recent Developments,
- 14.2.5.4. Strategies,
- 14.2.5.5. Financials (Based on availability)
- 14.2.6. Henan Botai Chemicals Building Applications Company Ltd.
- 14.2.6.1. Overview,
- 14.2.6.2. Product Portfolio,
- 14.2.6.3. Recent Developments,
- 14.2.6.4. Strategies,
- 14.2.6.5. Financials (Based on availability)
- 14.2.7. Zibo Ruibao Chemicals Co., Ltd.
- 14.2.7.1. Overview,
- 14.2.7.2. Product Portfolio,
- 14.2.7.3. Recent Developments,
- 14.2.7.4. Strategies,
- 14.2.7.5. Financials (Based on availability)
- 14.2.8. Shandong Baoyuan Chemicals Co., Ltd.
- 14.2.8.1. Overview,
- 14.2.8.2. Product Portfolio,
- 14.2.8.3. Recent Developments,
- 14.2.8.4. Strategies,
- 14.2.8.5. Financials (Based on availability)
- 14.2.9. Jiangxi Kosin Organic Chemicals
- 14.2.9.1. Overview,
- 14.2.9.2. Product Portfolio,
- 14.2.9.3. Recent Developments,
- 14.2.9.4. Strategies,
- 14.2.9.5. Financials (Based on availability)
- 14.2.10. Sidley Chemicals Co., Ltd.
- 14.2.10.1. Overview,
- 14.2.10.2. Product Portfolio,
- 14.2.10.3. Recent Developments,
- 14.2.10.4. Strategies,
- 14.2.10.5. Financials (Based on availability)
- 15. Strategic Recommendation
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