IMARC Group, a leading market research company, has recently releases report titled “Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global calcium chloride market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the calcium chloride market?

The global calcium chloride market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028.

What is the calcium chloride?

Calcium chloride is a chemical compound with the molecular formula (CaCl2). It is a crystalline solid that is highly soluble in water. Its hygroscopic nature enables it to absorb moisture from the air, preventing the degradation of sensitive products during storage and transportation, a vital consideration for industries requiring meticulous preservation in numerous packaging applications. It is essential in water treatment processes due to its ability to control water hardness through precipitation reactions and help remove impurities, enhancing water quality in industrial and municipal settings. Additionally, its ability to lower the freezing point of water helps prevent ice formation and improves road safety. Nowadays, calcium chloride finds extensive use in numerous industries such as food and beverage (F&B), pharmaceuticals, and water treatment.

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What are the growth prospects and trends in the calcium chloride industry?

The calcium chloride market is primarily driven by the rising oil and gas sector. In addition, calcium chloride is employed in drilling fluids for oil and gas extraction operations as a wellbore stabilizer, fluid loss reducer, and clay inhibitor, making it an essential component in drilling operations, particularly in unconventional drilling projects, thus contributing to the market growth. Moreover, the widespread adoption of calcium chloride in the healthcare and pharmaceutical industries as a source of calcium for patients with calcium deficiencies, in certain medical procedures, and as a component in intravenous fluids represents another major growth-inducing factor. Furthermore, the rising product demand in the food industry as a firming agent and preservative in various food products to maintain the texture and freshness of fruits and vegetables and its application in cheese production are accelerating the product adoption rate.

What is included in market segmentation?

The report has segmented the market into the following categories:

Application Insights:

• De-Icing
• Dust Control and Road Stabilization
• Drilling Fluids
• Construction
• Industrial Processing
• Others

Product Type Insights:

• Liquid
• Hydrated Solid
• Anhydrous Solid

Raw Material Insights:

• Natural Brine
• Solvay Process (by-Product)
• Limestone and HCL
• Others

Grade Insights:

• Food Grade
• Industrial Grade

Breakup by Region:

• North America (U.S. Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Occidental Petroleum Corp.
• Tetra Technologies, Inc.
• J. Services
• Solvay S.A. (Solvay Group)
• Tangshan Sanyou Group Co., Ltd.
• Qingdao Huadong Calcium Producing Co. Ltd.
• Tiger Calcium Services
• Ward Chemicals
• Weifang Haibin Chemical Co. Ltd
• Weifang Taize Chemical Industry Co. Ltd
• Zirax Ltd

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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