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The global calcium chloride market is expected to reach from $ 917 million in 2016 to $ 1,209 million by 2022 rising at CAGR (Compound Annual Growth Rate) of about 6 % over the forecast period. The global demand for calcium chloride is increasing due to its rising demands from gas & oil industries and that trend is estimated to persist even during the anticipated period. A growing application range of calcium chloride in the segment of construction is also projected to robust the growth of the global market during the coming period.
The major growth drivers of calcium chloride market are growth in demand for de-icing agents, rising demand for food preservatives, global demand for oil and gas industry, further the major restrain of calcium chloride market are environmental regulations.
.The key application of calcium chloride are anticipated dust control & de-icing, gas & oil, construction, and others such as medicine, food, chemical synthesis, animal sterilization etc. The end user application of calcium chloride includes gas & oil, contraction, dust control & de-icing , and niche application like metallurgical and food processing industry. The dust control and de-icing sector is anticipated to be the largest application segment for the calcium chloride market. This application sector accounted for approx. over 45 percent of the global market in 2016. Calcium chloride has the efficient property to repress the dust on roads that mix with the air in the surrounding, therefore decreasing air pollution and also, the functional property of calcium chloride to lesser the freezing point of water which has resulted into growing of demand in the markets. The dust control and de-icing sector is estimated to experience a huge growth mostly due to the increasing usage of de-icing agent in various developed nations for over the last few years. Same trend is said to continue even during the coming period. The construction sector was the second largest application segment of calcium chloride in 2014. Calcium chloride usage is in concrete blends to help speed up the setting in constructions. Thus, the rising demand for a luxurious life style is also responsible for the rise of the global calcium chloride market. The enhancement of the infrastructural development coupled with rising government expenditures on flyovers & roads is estimated to drive the enhancement of the global market of calcium chloride in the forecasted period. The gas & oil sector is estimated to experience a significant growth, especially in the geographical region like North America & Asia Pacific, due to the increasing demands for calcium chloride in several applications such as drilling fluids. The calcium chloride is use as a pH buffer for swimming pool water; it also helps in regulating the calcium hardness of the pool water. The another application segment such as food, & medicine, agriculture, are anticipated to support the global market demands for calcium chloride in the coming period .
On the basis of geography calcium chloride market is segmented into four regions which are North America, Europe, Asia Pacific and ROW. The North American region was accounted for the largest market for calcium chloride in 2014. It was above 40 percent of the overall market share. Also the Europe accounted for a strong market share being the second largest market in 2014. As it works as a de-icing agent, and there is a vast demand for calcium chloride in the North American region owing to the extreme cold weather condition. Asia Pacific is also estimated to experience a huge growth mainly owing to the rising market demands for calcium chloride from several end user industries. In count to this, enhancing expenditure on infrastructural development by government is expected to spur the global market of calcium chloride growth in the forecasted years. The manufacturing corporation of calcium chloride has a significant effect on the value chain through a superior level of forward integration. Each of these manufacturing companies not only manufacturer of raw materials but also the final products and utilize it in various applications like constructions, dust control & de-icing, medicines, food, and etc. The regional markets of calcium chloride in the Middle East & Africa are estimated to grow at a slow rate. And on the other hand, the requirement for calcium chloride in oil and gas as well as dust control application are anticipated to grow considerably in this region in the coming years.
Several of the major players present in the global market of calcium chloride are Tiger Calcium Services Inc., Tangshan Sanyou Group, Qingdao Huadong Calcium Producing Co. Ltd., and Keg River Chemical, Solvay SA, TETRA Chemicals (Tetra Technologies, Inc.). Various strategies follow by them to compete in the market are merger acquisition, product launch, etc.
On September 2014, tricor pacific capital acquired the tiger calcium which was providing dust control, road stabilization, de-icing etc. Tiger calcium is the biggest manufacturer of calcium chloride products in western Canada.