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Global Calcium Chloride Market Trends:
The applications of calcium chloride as a dehumidifier and concrete accelerator have increased its demand, primarily in the concrete industry. A rise in construction and mining activities, particularly in the developing countries, has propelled the sales of calcium chloride since it is largely used as a dust controlling agent. Additionally, as it can lower the freezing point of water, it is used as a de-icing agent on roads, pavements and sidewalks during winters. Consequently, it is widely utilized in regions which experience heavy snowfall, such as Europe and North America. Furthermore, the liquid form of calcium chloride is a common raw material that is employed as a drilling fluid in the gas well drilling industry. Rising demand for oil and gas from numerous countries has impelled the sales of calcium chloride across the world. On account of these factors, the market is anticipated to reach a value of about US$ 1.8 Billion by 2024, at a projected CAGR of 5.3% during 2019-2024.
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Insights on Market Segmentation:
Market Breakup by Product Type:
1. Liquid
2. Hydrated Solid
3. Anhydrous Solid
Based on the product type, the market is segmented into hydrated solid, anhydrous solid and liquor. Amongst these, hydrated solids represent the most popular product type, holding the dominant share.
Market Breakup by Application:
1. De-Icing
2. Dust Control and Road Stabilization
3. Drilling Fluids
4. Construction
5. Industrial Processing
6. Others
On the basis of the application, de-icing represents the biggest application area. Other segments include dust control and road stabilization, drilling fluids, construction, and industrial processing.
Market Breakup by Raw Material:
1. Natural Brine
2. Solvay Process (by-product)
3. Limestone and HCL
4. Others
On the basis of the raw material, the market is segregated into natural brine, Solvay process (by-product), and limestone and hydrochloric acid. Currently, natural brine accounts for the largest market share.
Market Breakup by Grade:
1. Food Grade
2. Industrial Grade
Based on the grade, industrial grade calcium chloride dominates the market, followed by the food grade segment. It is extensively used in diverse industries owing to its numerous advantages, such as easy dilution process and reduction in emission of hazardous gases.
Market Breakup by Region:
1. North America
2. Asia Pacific
3. Europe
4. Middle East and Africa
5. Latin America
Region-wise, the market is categorized into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the leading market.
Competitive Landscape:
The key players operating in the market include Occidental Petroleum Corp. (OxyChem), B. J. Services, Solvay S.A., Tetra Chemicals, Tiger Calcium Services, Ward Chemicals, Weifang Haibin Chemical Co. Ltd., Tangshan Sanyou Group Co., Ltd., Qingdao Huadong Calcium Producing Co. Ltd., Weifang Taize Chemical Industry Co. Ltd. and Zirax Ltd.
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