Calcium Chloride Market for De-icing & Dust Control, Oil & Gas, Construction and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Albany, NY -- (SBWIRE) -- 03/23/2015 -- The ionic compound of calcium and chlorine (CaCl2) is known to have more versatility than other basic chemicals. The production of global calcium chloride market is done in bulk as a byproduct of limestone-hydrochloride acid and Solvay process. It is a type of salt, being solid at room temperature and highly soluble in water. Application of calcium chloride in various sectors has pushed the CaCl2 industry to quite an extent. The compound is widely used for de-icing, dust control, oil and gas, construction, medical purpose, paper manufacture, petroleum, and many other sectors.
De-icing Key Application of Global Calcium Chloride Market
The key application of calcium chloride is de-icing, which comprised about 45% of the global demand in 2013. A growing need for de-icing in countries that experience severe winters is driving the demand for calcium chloride. Its property of depressing the freezing point of water helps prevent ice formation on roads. This salt is used on driveways and sidewalks to clear off the ice and snow to reduce the chances of accidents. It also absorbs moisture from the air, which prevents dust formation. De-icing and dust control are thus estimated to be the two major applications of calcium chloride in the near future.
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Apart from that, it is used as an additive in fire extinguishers and plastics. It also works as a thinner in fabric softeners. In the construction segment, calcium chloride is used in concrete mixes, which speeds up the initial setting of concrete. In the tractor tire weighting application, it lowers the freezing temperature of water that is put in tires for better traction. In highway construction, the compound solidifies loose and sandy soil when used as a mixture with sodium silicate.
Application Diversity Drives, Toxicity Issues Restrain Global Calcium Chloride Market
Calcium chloride is used as a pH buffer in swimming pools and aquariums in order to maintain the chemical balance of water. Calcium chloride is also used in the food industry as a food additive and a preservative element for canned goods. In the oil and gas industry, it is used in drilling and completion fluids. CaCl2 also plays a role in the agricultural sector by helping crops withstand moisture and keeping fungal diseases at bay. The potential use of this compound in the food and agriculture sectors has provided more opportunities to the calcium chloride industry. All of these varied applications have created a vast network of demand channels for calcium chloride. Market analysis forecast that this diverse range of applications will bode well for the global CaCl2 market over the next four to five years.
On the flip side, intake of calcium chloride can lead to certain side effects such as eye and skin irritations and impairment of the nervous system, and a larger intake can also lead to cardiovascular problems. These drawbacks will restrain the growth of the global calcium chloride market. In Europe, especially, health concerns relating to the use of CaCl2 as a dust control agent could cause the market to decline by 0.5%.
Owing to a wide range of applications in the market, the calcium chloride industry is expected to see substantial growth in the near future. De-icing being the major application, the compound has a huge demand from regions in the Northern Hemisphere, like North America and Europe. The use of this compound in construction and oil and gas activities increases the demand from China and the rest of Asia Pacific. Anticipating the increasing demands, smaller players have already increased their production of calcium chloride. The market is centered on the top five players – Oxychem, Qingdao Huadong Calcium Producing C. Ltd., TETRA Chemicals, Zirax, and Tangshan Sanyou Group Co. Ltd. In 2013, these companies accounted for over 78% of the market on the basis of the production of calcium chloride. Some other players in the market are Weifang Taize Chemical Co., Weifang Haibin Chemical Co., Tiger Calcium Services, Solvay S.A., and Ward Chemical Ltd.
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