Key Market Overview:
Calcium Chloride Market size was valued at USD 1.46 Billion in 2022, registering a CAGR of 4.1% during the forecast period (2023-2030), and the market is projected to be worth USD 2.08 Billion by 2030.
Calcium chloride is a chemical compound with the chemical formula CaCl2. It is an inorganic salt, commonly found in the form of white crystalline flakes or pellets, and is highly soluble in water. Owing to its versatile nature, calcium chloride is used across various industries, including food processing, construction, and medicine. In the food industry, calcium chloride is used as a firming agent, aiding in maintaining the texture and shape of fruits and vegetables. In the construction industry, it is used as a concrete accelerator to speed up the process of setting and hardening of concrete. Calcium chloride also acts as a desiccant, facilitating the removal of moisture from air and preventing the accumulation of water vapor which causes damage to building materials. The increasing application of calcium chloride across food, construction, oil & gas, and other industries is a major factor driving the market growth of the product.
Additionally, calcium chloride is also added to water for increasing the hardness and aiding the coagulation and flocculation of suspended particles. The process aids in the removal of impurities such as organic matter, bacteria, and viruses. The mentioned factor is attributed to an increase in the demand for calcium chloride in water treatment applications, thus driving the market growth of the product.
The increasing application of calcium chloride across the construction industry as a concrete accelerator to speed up the setting time of concrete, thereby reducing the curing time is driving the market growth of the product. Increasing construction and infrastructure development activities across the globe are further aggravating the application of calcium chloride across the sector, thus, driving market growth. Moreover, the growing adoption of calcium chloride in the food industry as a firming agent, preservative, and flavor enhancer is further surging the demand for the product.
For instance, Occidental Chemical Corporation offers food-grade calcium chloride that is used in post-harvest treatments of vegetables and fruits to maintain firmness, help preserve freshness, and prevent certain diseases.
The excessive consumption of calcium chloride leads to severe health disorders, such as kidney stones, bone & joint pain, coma, and irregular heartbeat. The mentioned adverse effects of calcium chloride on human health is hampering the application of the product across the food and beverages sector. This is a key factor restraining the market growth of calcium chloride.
The calcium chloride market is expected to witness immense growth opportunities across the agriculture and water treatment industries in the future. Calcium chloride is used as a soil stabilizing agent, particularly in areas with high soil erosion rates, as it improves the soil’s structure and water-holding capacity. Alternatively, calcium chloride is also used as a coagulant in the wastewater treatment process to remove impurities such as suspended solids, oil, and grease. The above-mentioned factors are expected to enhance the application of calcium chloride across agriculture & water treatment industries, driving its market growth over the forecast period.
Calcium Chloride Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||2.08 billion|
|CAGR (2022-2030)||4.1 %|
|By Form||Liquid and Hydrated Solid|
|By Type||Flakes (Flakes 77%, and Flakes 94%),
Pellets (Pellets 94% and Pellets 90%), and Others
|By Grade||Industrial, Food, Pharmaceutical, and Agricultural|
|By Application||Food & Beverages, Oil & Gas, Construction, Dust Control, De-icing, and Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Players||Solvay SA, TETRA Chemicals, Ward Chemicals Inc., Zirax Ltd., Occidental Petroleum Corp. (OxyChem), Weifang Haibin Chemical Co. Ltd., Tangshan Sanyou Chemical Industries Co., Ltd., Qingdao Huadong Calcium Producing Co. Ltd, Tiger Calcium Services Inc., Nedmag Industries|
The form segment is bifurcated into liquid and hydrated solids. The hydrated solid segment is dominating the calcium chloride market in terms of revenue share. The hydrated solid form of calcium chloride is used across numerous industries owing to properties such as ease of handling & transportation, longer shelf life, and lower risk of leakage during storage & transportation. Additionally, the hydrated solid form gets easily dissolved in water to form a solution, making it suitable for usage in various applications such as de-icing, dust control, and concrete acceleration. Moreover, the liquid segment is projected to witness the fastest growth in the calcium chloride market over the forecast period. The ability to be easily injected into wells is a key factor enhancing the application of liquid calcium chloride across the oil & gas industry which is expected to drive the market growth over the forecast period.
The type segment is categorized into flakes, pellets, and others. The pellets segment holds the largest share of the calcium chloride market in terms of revenue. This is attributed to the fact that pellets are generally easier to handle and store and are thus more convenient for industrial and commercial applications. Pellets also tend to dissolve more quickly, which makes them a better option for applications requiring quick dissolving, such as in the de-icing of roads.
Furthermore, the flakes segment is anticipated to register the fastest CAGR in the calcium chloride market over the forecast period. The wide application of calcium chloride flakes across the food industry to extend the shelf life of food products by reducing microbial growth and preventing spoilage is expected to drive the market growth of the segment. Additionally, flakes also aid in improving the texture and firmness of food products, which is particularly useful in the production of cheese and other dairy products.
The grade segment is classified into food grade, pharmaceutical grade, agricultural grade, and industrial grade. The industrial grade segment holds the major share of the calcium chloride market in terms of revenue. Industrial-grade calcium chloride is used in a wide range of applications such as de-icing of roads, oil and gas drilling, and wastewater treatment. The mentioned industries require large quantities of calcium chloride to facilitate their operations, which is attributed to increased demand for industrial grade calcium chloride.
Moreover, the food grade segment is expected to register the fastest CAGR over the forecast period. The food grade calcium chloride is used as food additives, firming agents, gelling agents, sequestrate, and others across the food & beverage industry. The growing food & beverage industry across the globe owing to the increasing working population is further expected to drive the application of food grade calcium chloride, thus fueling its market growth in the future.
The application segment is divided into food & beverages, oil and gas construction, dust control and de-icing, and others. The oil & gas segment is dominating the calcium chloride market in terms of revenue in 2022. Calcium chloride is used in accelerating the setting time of cement, stabilizing shale formations, and reducing the viscosity of drilling fluids. The mentioned factors are driving the market growth of the product across the oil & gas segment.
Moreover, the food and beverages industry is anticipated to witness significant growth in the calcium chloride market over the forecast period. This is attributed to the fact that calcium chloride finds a wide range of applications across the industry. For instance, calcium chloride is added to milk for improving coagulation and increasing cheese yield. It is also used in the production of tofu, as it helps to coagulate soy milk and produce firmer tofu.
According to region, the calcium chloride market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific region held the largest share of the calcium chloride market in 2022 owing to the growth in demand for the compound in various industries, including the food and beverage, construction, and agriculture industries. The region comprises a large population, and a rapidly developing economy, which is leading to increased demand for calcium chloride across various applications.
Furthermore, North America is expected to witness significant growth over the forecast period. This is attributed to the high demand for calcium chloride compounds in the oil & gas and de-icing industries. The growing application of calcium chloride as a de-icing agent owing especially during the winters across the region is anticipated to boost the market growth of the product in the future.
Calcium Chloride Market Competitive Landscape:
The calcium chloride market is highly competitive comprising numerous players operating in the industry. The players are focusing on strategic initiatives, such as mergers and acquisitions, partnerships, collaborations, new product launches, and capacity expansions to strengthen their market position and expand their global presence.
For instance, Solvay SA, a chemical manufacturing company produces a wide range of chemical products, including calcium chloride. The company offers a premium quality calcium chloride product line, known as ‘Caso’, for use in various applications, including food, industrial, and technical.
The following are the major key players operating in calcium chloride market:
- Solvay SA
- TETRA Chemicals (Tetra Technologies, Inc.),
- Ward Chemicals Inc.
- Zirax Ltd.
- Occidental Petroleum Corp. (OxyChem)
- Weifang Haibin Chemical Co. Ltd.
- Tangshan Sanyou Chemical Industries Co., Ltd.
- Qingdao Huadong Calcium Producing Co. Ltd
- Tiger Calcium Services Inc.
- Nedmag Industries
- In 2020, Zirax Ltd. signed its fifth international technology transfer agreement to produce calcium chloride in Oman. The plant, which was commissioned in 2022, benefited from the expertise of Zirax’s technology specialists. Zirax’s technology has become a benchmark in the industry, as evidenced by the construction of new production facilities in other countries.
- In January 2021, Zirax signed a contract for the supply of granular calcium chloride from Russia to U.S. in the quantity of around 10,000 tons. Calcium Chloride is widely consumed in the U.S. during the winters for combating winter slipperiness and preventing the formation of ice in different temperature areas.
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