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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, it is used to melt ice on roads, to control dust, as a preservative in foods, and in brine for refrigeration. Market expansion hinges on various factors, notably the resurgence of the oil and gas sector, escalating demands for construction and infrastructure projects, and deeper penetration into specialized markets. Conversely, challenges loom, such as dwindling limestone reservoirs and rigorous regulatory frameworks. Moreover, heightened health apprehensions stem from extensive usage, posing significant concerns. Environmental perils linked to limestone extraction further compound these challenges. Navigating these complexities demands strategic foresight and adaptive measures. Mitigating environmental impacts through sustainable practices, diversifying resource procurement, and embracing technological innovations offer pathways to surmount these hurdles. Additionally, fostering partnerships and leveraging market insights can cultivate resilience and foster growth amidst shifting dynamics. As industries navigate these dualities, a holistic approach that balances economic imperatives with environmental stewardship is essential for sustainable market progression.
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Calcium Chloride (CaCl2), a versatile inorganic salt and colorless crystalline solid, serves myriad purposes across industries. Its anhydrous form finds use as a desiccant and drying agent, crucial in water treatment applications and industrial processes. In the oil and gas industry, it aids in well completion, drilling fluids, and hydraulic fracturing processes due to its hygroscopic nature. Additionally, it functions as a concrete accelerator and de-icing agent, ensuring safety in snow and ice melting while addressing wastewater problems. Amidst growing concerns over environmental impact, exploration of environmentally-friendly alternatives is paramount, especially in urbanized areas, reshaping practices in hydraulic fracturing and ice and snow control processes, and reducing reliance on traditional options like sodium chloride and rock salt. 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 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. China is the largest producer and consumer of petrochemical products along with other APAC countries like India, Japan, and South Korea.
Additionally, the usage 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 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. It 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 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 market. As a result, the global 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. It is a by-product of limestone production by the Solvay process and is one of the most feasible sources. Reserves in North America are highly concentrated in certain regions in the US often far from high consuming regions making Mining Sector 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 market during the forecast period and is anticipated to grow at a significant rate owing to the increasing demand in end-user industries, such as oil and gas. The key revenue-contributing countries to the market in North America are the US, Canada, and Mexico. The US is expected to hold a prominent share of the North American market during the forecast period.
It is widely used in de-icing applications. The cold winter conditions in some parts of the region and the consumption 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.
Increasing demand 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 market in North America during the forecast period. It is also used in end-user segments such as rubber processing, which is expected to also contribute to the growth of the market 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.
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 Chemicals
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 market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The market is thriving across various sectors due to its versatile applications and properties. As a concrete accelerator, it expedites construction activities, while serving as an environmental-friendly alternative in water treatment applications. Its role as a desiccant and drying agent finds prominence in industrial processes and food processing alike. In the oil & gas sector, it aids in well completion and drilling fluids, while also facilitating hydraulic fracturing processes. Furthermore, it serves as a snow and ice melting agent, addressing challenges posed by urbanization and wastewater problems. Despite concerns over its environmental impact, innovations in its food grade and pharmaceutical grade variants promise safer utilization across diverse sectors, from mining to healthcare, driving non-oil growth in the industry.
The Calcium Chloride (CaCl2) market is thriving with diverse applications across multiple sectors. As an inorganic salt, it is renowned for its properties as a colorless crystalline solid. Both its anhydrous forms (also known as anhydrous form) and the more common calcium carbonate variant, recognized as a white colored crystalline solid, are widely utilized. Its high water solubility makes it a versatile inorganic compound, serving as a dessicant and aiding in ice and snow control alongside rock salt. In the oil & gas industry, it finds application in dust-control measures. Moreover, in the food processing sector, it plays a vital role, particularly in de-icing & dust control. However, concerns over health issues like kidney stones, muscle spasms, and irregular heartbeats prompt exploration of environmentally-friendly alternatives in both agricultural grade and industrial grade. Thus, as demands escalate across agriculture and food & beverages, the Calcium Chloride market presents opportunities for innovation and sustainability.
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 Chemicals |
Market dynamics |
Parent market analysis, Market forecasting, 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 the market forecast period. |
Customization purview |
If our market 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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