Calcium Chloride Market will increase by 6.0% CAGR till 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/26/2017 -- Zion Market Research has published a new report titled "Calcium Chloride Market for De-icing & Dust Control, Oil & Gas, Construction and Other Applications: Global Market Perspective, Comprehensive Analysis and Forecast 2014 – 2020." According to the report, global demand for calcium chloride was valued at around USD 850.0 million in 2014 and is expected to reach over USD 1,200.0 million in 2020, growing at a CAGR of around 6.0% between 2015 and 2020. In terms of volume, the global calcium chloride market stood at above 3,200 kilo tons in 2014.
Calcium chloride is the ionic compound of calcium and chlorine. It is a salt, solid at room temperature and it behaves as a typical ionic halide. It has several common applications such as brine for refrigeration plants, ice and dust control on roads, and in cement. It can be produced directly from limestone, but large amounts are also produced as a by-product of the Solvay process. Because of its hygroscopic nature, it must be kept in tightly-sealed containers.
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Calcium chloride is a salt which used to replenish calcium levels, as an acid-producing diuretic, and as an antidote for magnesium poisoning. It is a platform chemical, used in a wide range of applications such as de-icing & dust control, oil and gas, construction, food, and medicine. The functional property of calcium chloride to decrease the freezing point of water makes it an important compound in colder regions. Its usage as a deicing agent helps reduce the number of accidents occurring due to the accumulation of snow and ice on roads. Other properties of calcium chloride such as dust control agent, desiccant, and preservative are also expected to contribute to market growth.
Calcium chloride market is mainly driven by high demand for a de-icing agent and dust control applications. De-icing agent and dust control applications accounted for over 45% share of the total market in 2014. Calcium chloride is widely used in the various applications such as oil and gas, constructions, food, medicines, etc. Calcium chloride is also used in swimming pool water as a pH buffer and to adjust the calcium hardness of the water. It also used in concrete mixes to help speed up the initial setting in construction. Therefore the increasing demand of luxurious life style is responsible for the growth of calcium chloride market.
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North America was the largest regional market for calcium chloride and it accounted for over 40% share of the total demand in 2014. This can be attributed to the high demand for calcium chloride as a de-icing agent and for dust control in the region. Apart from being the largest regional market for calcium chloride, North America is also expected to be the fastest growing market for the calcium chloride. However, growth in various end application markets for calcium chloride in Asia Pacific is also expected to boost demand for calcium chloride in the years to come. The manufacturing companies of calcium chloride have a significant impact on the value chain through a higher degree of forwarding integration. These companies manufacture raw materials as well as the final product and use it in various applications such as De-icing & dust control, in constructions, food, medicines, etc.
Key players operating in this market includes BJ Services Company, Occidental Chemical Corporation (OxyChem), Qingdao Huadong Calcium Producing Co. Ltd., Solvay, Tangshan Sanyou Group, TETRA Chemicals (Tetra Technologies, Inc.), Tiger Calcium Services Inc., Ward Chemical, Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd., and Zirax GroupThis report segments the global market as follows:
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