Global Calcium Chloride Market: Snapshot
The increasing sale of calcium chloride has become integral to the chemical industry over the years. The ionic compound of calcium and chlorine, calcium chloride is used in various applications such as deicing and dust control along with in industries such as the oil and gas industry, food and beverages, and pharmaceuticals. This compound is sold in forms of flakes, pellets, granules, prills, powder, and in liquid form. Calcium chloride is made by neutralizing hydrochloric acid with calcium carbonate, refining naturally-occurring brine, or derived as a by-product of Solvay process of synthetic sodium carbonate production.
The steady demand for calcium chloride for the purpose of de-icing has been the primary growth driver for the global market. This compound is preferred world over for de-icing as it stays active for a longer period of time and minimizes the effort of de-icing roads and pavements. The growing demand for calcium chloride has also been noted in the cement industry that uses it as a concrete accelerator. The rising construction activities in developing regions of the Middle East and Africa and Asia Pacific are expected to augment the demand for calcium chloride in the coming few years. The only factor likely to hamper the growth of the global market is the oversupply of calcium chloride in the market due to its cheap and affordable means of production. Furthermore, its corrosive nature is also likely to restrain the growth of the global market.
Rise in Oil and Gas Exploration Activities Improves Uptake of Calcium Chloride
On the basis of application, calcium chloride market is divided into de-icing, construction, dust control, drilling fluids, industrial processing among others. Of these, the drilling fluids application segment held a share of 20% in the overall market in 2015 in terms of volume. Analysts anticipate that calcium chloride will be extensively used as a completion fluids in the oil and gas industry for various activities. De-icing also emerged as a key application of calcium chloride in 2015 due to heavy snowfall in various parts of the world. The research report suggests that de-icing will continue to lead the global market all through 2024. The flourishing food and beverages industry is also expected to show remarkable uptake of this compound in the coming few years.
Severe Snowfall offers Several Chances for De-icing, Augmenting Demand for Calcium Chloride in North America
Geographically, this market is segmented into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. Of these, North America dominated the global market with a share of about 45% in terms of volume in overall market in 2015. Calcium chloride is extensively being used in the region for the purpose of de-icing due to severe snowfall in recent past. Furthermore, the rise in mining activities in the region are also expected to boost the demand for calcium chloride in the coming years.
Some of the leading players operating in the global calcium chloride market are Weifang Haibin Chemical Co. Ltd., The Dow Chemical Company, OxyChem, BJ Services Company, Tetra Chemicals, Solvay S.A., Qingdao Huadong Calcium Producing Co. Ltd, Tiger Calcium, Ward Chemical, Inc., Zirax Limited, Aditya Birla Chemicals, Gujarat Alkalies, and Nedmag. Transparency Market Research states that the top five players operating in the global market held a massive share of 80% in the overall market in 2015. These companies are expected to focus on the expansion of their production sites and their geographical research to improve sales and distribution of their products.
Global Calcium Chloride Market: Overview
Calcium chloride, an ionic compound of calcium and chlorine, is highly soluble in liquid. It is commercially available as anhydrous and dihydrate flakes, pellets and powder, or as 30% to 45% solution. In terms of application, drilling fluids and deicing held majority share in the global calcium chloride market. Rising demand from these industries is projected to boost calcium chloride market during the forecast period.
This study analyzes, estimates, and forecasts the global calcium chloride market in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2024. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Global Calcium Chloride Market: Segmentation
The report provides a detailed view of the calcium chloride market based on applications. Key applications included in the report are de-icing, dust control, drilling fluids, construction, industrial processing, and others (comprising agrochemicals, tire ballast, etc.). In terms of product types, the market is segmented into: Flakes 77%, Flakes 94%, Prills 94%, Pellets 94%, and Liquid grade. Furthermore, the report segments the market based on key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It also provides market volume and revenue for each application and product under every regional segment. The calcium chloride market is further analyzed into major countries of each region. It also analyzes individual country in the GCC.
Based on applications, product and countries, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain (from raw material manufacturers to end-users). Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.
Global Calcium Chloride Market: Research Methodology
Primary research represents the bulk of our research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases. Other sources include national government documents, statistical databases, and market reports, news articles, and press releases and webcasts specific to the companies operating in the market. Secondary sources referred for the study of the calcium chloride market include InfoMine, U.S. Geological Survey, Internet Archive Educational Portal, and company presentations.
Key Players Mentioned in this Report are:
The report includes an overview of the market share of key companies in the global calcium chloride market. Key players profiled in the calcium chloride study include OxyChem, Tetra Chemicals, BJ Services Company, Qingdao Huadong Calcium Producing Co. Ltd, Solvay S.A., Tiger Calcium, Ward Chemical, Inc., Weifang Haibin Chemical Co. Ltd., Zirax Limited, Aditya Birla Chemicals, The Dow Chemical Company, Nedmag and Gujarat Alkalies
The report segments the global calcium chloride market into:
- Calcium Chloride Market – Product Analysis
- Flakes 77%
- Flakes 94%
- Prills 94%
- Pellets 94%
- Liquid Grade
- Calcium Chloride Market – Application Analysis
- Dust Control
- Drilling Fluids
- Industrial Processing
- Others (Including agrochemicals, food, tire ballast, etc.)
- Calcium Chloride Market – Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- North America