Technavio, a tech-focused market research firm, has published a new report on the global calcium chloride market, which is anticipated to grow at a CAGR of close to 6% during the estimated period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global calcium chloride market into the following leading regions: APAC, Europe, North America, and ROW.
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Top three contributors for the global calcium chloride market are elaborated below:
Calcium chloride market in North America: The extensive use of calcium chloride in de-icing applications in North America will drive the market growth in this region. The extreme winters in the region fuels consumption of calcium chloride as de-icers are used to lower the freezing point of water, thereby eliminating the freezing of water in pipes. The US, Canada, and Mexico will emerge as the key revenue generating regions in the global market during the forecast period. The rising demand from the oil and gas industry, dust control industry, construction, pharmaceuticals, wastewater treatment and food processing will boost the market growth in the region.
According to Ajay Adhikari, a lead analyst at Technavio, specializing in research on specialty chemicals, “The easy availability and low price of calcium chloride will propel the demand for this chemical across various industries. The US is the largest exporter of calcium chloride due to several reserves and operating facilities in the region. The increasing requirement of this chemical as de-icing agents will have a positive impact on the growth of the market in this region.”
Calcium chloride market in Europe: The increasing regulations over wastewater treatment in the region will augment the growth of the calcium chloride market in Europe. The various industries in the region that calcium chloride includes food industry, road gritting or dust prevention, animal feed industry, and oil and gas industry. The UK, France, Germany, Russia, and Italy will be the key countries in Europe regarding consumption over the next few years. The rising investments in construction of large commercial and residential buildings will fuel the growth of the market in this region.
Calcium chloride market in APAC: The rising demand for construction, wastewater treatment, pharmaceuticals, animal feed and industrial processing industries is driving the growth for calcium chloride in the APAC market. The increasing investments in the residential and commercial real estate sector will help in the growth of the market in this region.
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The leading vendors operating in the global calcium chloride market are:
- Occidental Chemical Corporation
- Solvay
- Tangshan Sanyou Group
- TETRA Technologies
- Tiger Calcium Services
Other prominent vendors in the market include Qingdao Huadong Calcium Producing Co. Ltd., Ward Chemical, Weifang Haibin Chemical, Zirax, and Tengfei Chemical Calcium.
A complete analysis is obtainable in the Technavio report titled, ‘Global Calcium Chloride Market 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
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