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The global calcium chloride market size is estimated to grow by USD 406.96 million between 2022 and 2027 exhibiting a CAGR of 5.64%. Calcium chloride is crystalline, flaky, white, and highly soluble in water. It is an anhydrous compound that is hygroscopic. Owing to its water-absorbent properties, it is used to dry gases by passing them through it. In oil and gas industry applications, calcium chloride is used to melt ice on roads, to control dust, as a preservative in foods, and in brine for refrigeration.
The growth of the market depends on several factors including the recovery of the oil and gas industry, the growing need for construction and infrastructure development, and increasing penetration into niche markets.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The recovery of the oil and gas industry is driving the market growth. The petrochemical products industry is vastly expanding and calcium chloride usage as a completion fluid, in drilling mud, and cementing operations is resulting in its growth as well. The increasing cost of oil and gas has resulted in a greater number of fossil fuel exploration activities which boosts demand for calcium chloride. China is the largest producer and consumer of petrochemical products along with other APAC countries like India, Japan, and South Korea.
Additionally, the usage of calcium chloride in diverse fields including food and beverages, de-icing, and water treatment is expected to further contribute to the growth of the petrochemicals market hence the above factors are likely to contribute to the growth of the global calcium chloride (Cacl2) market during the forecast period.
The shale gas boom in North America is a key trend in the market. Currently, the shale transformation has prompted the high creation of oil and gaseous petrol in the US. Calcium chloride is utilized in cementing operations, drilling muds, and completion fluids in the oil and gas industry. The US has seen a significant rise in the exploration and production of oil and gas due to technological advancements like hydraulic fracturing and horizontal drilling in combination with high oil and gas prices. Additionally, the United States has benefited from its reduced reliance on imported oil and gas thanks to its easier access to domestic energy resources. Shale formations, which contain a significant accumulation of natural gas and oil, contain shale oil and natural gas resources.
As a result, the growing use of calcium chloride in the oil and gas industry is ultimately being boosted by the North American shale gas boom, which is an important trend in the global calcium chloride market. As a result, the global calcium chloride market is expected to expand as a result of these factors during the forecast period.
The diminishing limestone reserves and stringent regulations are challenging the market growth. Calcium chloride is a by-product of limestone production by the Solvay process and is one of the most feasible sources of calcium chloride. Reserves in North America are highly concentrated in certain regions in the US often far from high consuming regions making mining economically unsuitable.
Cheaper imports into the US and Canada are reducing the prices of limestone and calcium chloride, affecting the final profit margins of vendors. Hence these factors are likely to cause hindrance to the growth of the Cacl2 Market market during the forecast period.
This report extensively covers market segmentation by Application (de-icing and dust control, oil and gas, construction, pharmaceuticals, and others) and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
The de-icing and dust control segment is estimated to witness significant growth during the forecast period. It is mostly used as a de-ice in cold regions and is more effective compared to sodium chloride, magnesium chloride, and urea. Its properties such as quickly melting ice and snow make it suitable before or after a snow or ice storm for clearing snow off roads.
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The de-icing and dust control segment was the largest segment and was valued at USD 516.50 million in 2017. When it comes to dust control applications, its natural hygroscopic properties help it to retain moisture and reduce dust on roads. Hence the advantages it has over other chemicals in these two applications make the Cacl2 Market market likely to grow during the forecast period.
North America is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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North America is expected to be the largest geographical segment of the global calcium chloride market during the forecast period and is anticipated to grow at a significant rate owing to the increasing demand for calcium chloride in end-user industries, such as oil and gas. The key revenue-contributing countries to the calcium chloride market in North America are the US, Canada, and Mexico. The US is expected to hold a prominent share of the North American calcium chloride market during the forecast period.
Calcium chloride is widely used in de-icing applications. The cold winter conditions in some parts of the region and the consumption of calcium chloride are closely related, as de-icing agents are used to lower the freezing point of water, thereby eliminating the freezing of water in supply pipes. In 2022, North America experienced a strong snowfall, which increased the demand for calcium chloride.
Increasing demand for calcium chloride from the oil and gas industry and in de-icing and dust control applications, as well as others in the construction, pharmaceutical, wastewater treatment, and food processing industries, are expected to boost the growth of the calcium chloride market in North America during the forecast period. Calcium chloride is also used in end-user segments such as rubber processing, which is expected to also contribute to the growth of the calcium chloride market during the forecast period.
The outbreak of COVID-19 in 2020 led to the temporary halt of construction projects and operations in the oil and gas industry, which led to reduced sales of calcium chloride in North America. In addition, disruptions in the supply chain for calcium chloride due to the ban on international trade and restrictions on the transportation of non-essential goods resulted in a decline in the sales of calcium chloride. However, the initiation of large-scale COVID-19 vaccination drives from Q4 2020, the reopening of international trading activities, and the rescheduling of construction projects are expected to drive the growth of the calcium chloride market in North America during the forecast period. Moreover, with the aim of building resilience, calcium chloride manufacturing companies in North America are adopting strategies in areas such as research and development (R and D), production, customer engagement, and intelligent enterprise management, which is expected to help the calcium chloride market grow in North America during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Calcium Chloride Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ECPlaza Network Inc. - The company offers calcium chloride which is in lumps and powder form and it has diverse roles in various industries.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
ECPlaza Network Inc., Junction Capital Partners, Keg River Chemical Corp., Koruma Klor Alkali San, NAMA Chemicals, Nedmag BV, Occidental Petroleum Corp., Sameer Chemicals, Sitara Chemical Industries Ltd., Solvay SA, Tengfei Chemical Calcium Co. Ltd., TETRA Technologies Inc., Tiger Calcium Services Inc., Ward Chemical Inc., Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd, Zirax, Auro Chemical Industries Pvt. Ltd., Hawkins Inc., and Sulaksh Chemiclas
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The calcium chloride market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Calcium Chloride Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.64% |
Market growth 2023-2027 |
USD 406.96 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.02 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 49% |
Key countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ECPlaza Network Inc., Junction Capital Partners, Keg River Chemical Corp., Koruma Klor Alkali San, NAMA Chemicals, Nedmag BV, Occidental Petroleum Corp., Sameer Chemicals, Sitara Chemical Industries Ltd., Solvay SA, Tengfei Chemical Calcium Co. Ltd., TETRA Technologies Inc., Tiger Calcium Services Inc., Ward Chemical Inc., Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd, Zirax, Auro Chemical Industries Pvt. Ltd., Hawkins Inc., and Sulaksh Chemiclas |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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