Global Calcium Chloride Market is expected to be worth US$ 1.52 bn by 2024 as compared to US$ 1.04 bn in 2015, expanding at a CAGR 4.2% from 2016 to 2024
Calcium Chloride Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 2024
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Transparency Market Research
140 Page Report
Published Date 17-Jan-2017
Press Release Global Calcium Chloride Market: DeicingOffers Incremental Opportunities for Uptake in Coming Years : TMR
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Calcium Chloride Market
REPORT DESCRIPTION
Calcium Chloride Market (Product Flakes 77%, Flakes 94%, Prills 94%, Pellets 94%, and Liquid Grade; Application Deicing, Dust Control, Drilling Fluids, Construction, and Industrial Processing) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024
Theglobal calcium chloride marketis highly consolidated with leading share held by only three players. In 2015, TETRA Chemicals, OxyChem, and B .J Services collectively held a lion’s share of 69.1% in the global market. These companies have consistently focused on the expansion of production facilities, setting up businesses in newer geographies, and widening their sales and distribution channels to remain at leading positions. “Increasing production and manufacturing products that are suited for various applications is expected to the key strategy of these companies to march forward in the coming years,” says the lead author of this research report.
According to the research report, the global calcium chloride market is expected to be worth US$ 1.52 bn by 2024 as compared to US$ 1.04 bn in 2015, expanding at a CAGR 4.2% from 2016 to 2024. View Exclusive Global Strategic Business Report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=32 39 Asia Pacific and North America Show StrongPresence in Global MarketIn terms of regions, theglobal calcium chloride market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific and North America hold a significant share of theglobal market. By the end of 2024, North America is expected to acquire a share of 46% in the global market. The demand for calcium chloride for product development for water treatment and several the applications is expected toprovide an incremental opportunityto the market in North America in the coming years.
Calcium chloride is being applied in industries such as construction, drilling fluids, dust control, de icing, and industrial processing. Of these, drilling fluids are expected to hold the highest share of
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Calcium Chloride Market
24.9% bythe end of the forecastperiod. The soaringuptake of calcium chloride in theproduction of completion fluids is anticipated to contribute to the rising revenue of the segment.
Extensive Usage of Calcium Chloride for Dust Control Bodes Well for Overall GrowthThegrowingfor calcium chloride is antici demand pated to remain steadyit is the ke as y chemical used for deicing. The frequentlyused deicingagent is liquid calcium chloride of about 35% with rock salt to ice and snow control. Thus, in countries such as the U.S., Japan, and Canada calcium chloride is extensivelyused for managingthe aftereffects of heavysnowfall. Besides, deicing, dust control is yet another leading application of calcium chloride.
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Known to retain moisture for exceptionallylonger durations, calcium chloride is used on unpaved road surfaces as a costeffective dust suppressant. Thegrowingawareness about simple solutions for dust control is expected to augment the demand for calcium chloride in the comingyears. The boomingconstruction industryand the subsequentlyrisingdemand for cement are also expected topropel the growth of the global market. Calcium chloride is used as a concentrate accelerator to speed up the curingrate of cement. It also helps in reducingthe alkali content in cement, which is known toprevent cracking.
Oversupplyof Substandard Material Could Hamper Revenue As calcium chloride can beproduced using multiple methods, it has led to an oversupplychea of pmaterial in the market. Thus, it has reducedprofit margins for several sellers to a significant extent. The corrosive nature of calcium chloride is also expected to hamper its sale in the comingyears. As calcium chloride is hygroscopic, it retains water from the air that can result in corrosion at lower levels and cause extended periods of relative humidity.
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Calcium Chloride Market
TABLE OF CONTENT 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative(US$ Mn)
3.2. Top3 Trends
4. Market Overview
4.1. Calcium Chloride Market Overview
4.2. KeyIndustryDevelopments
4.3. Market Indicators
4.4. Drivers and Restraints Analysis
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunities
4.5. Global Calcium Chloride Market Analysis and Forecast