The global calcium formate market size is set to touch USD 627.1 million by 2026, registering a CAGR of 4.2% during the forecast period. Rapid expansion of construction industry around the globe will be the primary driving force behind the growth of this market.
According to a study published by Oxford Economics, the global construction industry is expected to grow at about 3.9% annually till 2030, with majority of this growth slated to occur in the three major economies of the US, China, and India, accounting for nearly 57% of the growth. Furthermore, the study reveals that output from construction will increase by a staggering 85% in the next decade at a value of around USD 15.5 trillion by 2030. Calcium formate is an integral component in the production of concrete and cement-based products. Thus, with the expected rise in construction activities around the world, the demand for the compound will rise correspondingly.
Increasing Research into Safety of Calcium Formate to Promote Innovation
Competition in this market is still at its nascent stage as safety in using the compound is still being researched and the results are promising. For example, the International Labor Organization (ILO) found that ingestion of calcium formate in a healthy body does not lead to its accumulation and is, in fact, metabolized by the body at a quick pace. These are positive signs for players to increase their investment in R&D activities in manufacturing this compound and establishing their presence in the market.
Fortune Business Insights identifies some of the major companies in the calcium ethanoate market:
- Henan Botai Chemical Building Materials Company Ltd.
- Sidley Chemical Co. Ltd
- GEO Specialty Chemicals
- Jiangxi Kosin Organic Chemical
- Chongqing Chuandong Chemical (Group) Co., Ltd.
- Shandong Baoyuan Chemical Co. Ltd
- Feed Grade
- Industrial Grade
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Southeast Asia, Rest of Asia Pacific)
- South America (Brazil, and Rest of South America)
- Middle East & Africa (Saudi Arabia, South Africa, Egypt, Turkey, and Rest of Middle East & Africa)
Table of Contents
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Key Industry Trends
4.2 Overview of Global Feed Production
4.3 Overview of Global Cement Consumption
- Global Calcium Formate Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Feed Grade
5.2.2. Industrial Grade
5.3. Market Analysis, Insights and Forecast – By Application
5.4. Market Analysis, Insights and Forecast – By Country
5.4.1. North America
5.4.3. Asia pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
- North America Calcium Formate Market Analysis, Insights and Forecast, 2014-2025
6.1. Key Findings / Summary
6.2. Market Analysis – By Type
6.2.1. Feed Grade
6.2.2. Industrial Grade
6.3. Market Analysis – By Application
6.4. Market Analysis – By Country
List of Figures
Figure 01: Global Calcium Formate Market Revenue Breakdown (US$ Mn, %) by Region, 2018 & 2026
Figure 02: Global Calcium Formate Market Volume Breakdown (KT, %) by Region, 2018 & 2026
Figure 03: Feed Production (Million ton)
Figure 04: Global Cement Consumption (Million ton)
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