According to a new report by Expert Market Research titled, “Global Calcium Chloride Market Price, Size, Share, Report and Forecast 2024-2032″, the global calcium chloride market reached a value of USD 2.16 billion in 2023. Aided by its increasing applications across varied industries, from de-icing to food preservation, and a growing emphasis on wastewater treatment, the market is projected to further grow at a CAGR of 7.50% between 2024 and 2032 to reach a value of USD 3.31 billion by 2032.
Calcium chloride, a hygroscopic salt with the chemical formula CaCl2, finds a multitude of applications across diverse sectors. Recognised for its properties like exothermic nature when dissolved in water and its ability to prevent the formation of ice, it’s a preferred choice for road de-icing, especially in regions experiencing severe winters. Additionally, its property to absorb moisture from the air makes it an effective desiccant in various industries.
As per the calcium chloride market analysis, in the food industry, calcium chloride plays a pivotal role. It’s often employed as a firming agent for canned vegetables, a flavour enhancer in pickled products, and as an electrolyte in sports drinks. Its high solubility further cements its position in the food preservation segment, ensuring longer shelf life of products.
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The growing emphasis on road safety during winter months is augmenting the calcium chloride market demand in the de-icing sector. With unpredictable weather patterns and increasing instances of snowfall in regions that traditionally remained snow-free, the need for effective de-icing agents has gained prominence. Calcium chloride, due to its effectiveness even at extremely low temperatures, emerges as an agent of choice.
Furthermore, with rapid urbanisation and industrialisation, the need for effective wastewater treatment solutions is more pressing than ever. Calcium chloride serves as an important agent in wastewater treatment plants, helping in the removal of impurities and ensuring the release of cleaner water back into natural reservoirs, propelling the calcium chloride market growth.
Moreover, continuous research and innovation have led to the development of more environmentally friendly and less corrosive variants of calcium chloride. The industry is also observing a surge in collaboration between government bodies and manufacturers to formulate guidelines ensuring minimal environmental impact.
Another burgeoning segment that further adds value to the calcium chloride market size is the oil and gas industry. Its application in well drilling operations for the stabilisation of shale formations showcases its versatility. Moreover, as oil and gas exploration activities increase, the demand in this sector is slated to rise.
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Market Segmentation
The market can be divided based on product type, raw material, grade, industrial application, and region.
Market Breakup by Product Type
• Liquid
• Hydrated Solid
• Anhydrous Solid
Market Breakup by Raw Material
• Natural Brine
• Solvay Process (by-Product)
• Limestone and HCl
• Others
Market Breakup by Grade
• Food Grade
• Industrial Grade
Market Breakup by Industrial Application
• De-Icing
• Dust Control and Road Stabilisation
• Drilling Fluids
• Construction
• Industrial Processing
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global calcium chloride market. Some of the major players explored in the report by Expert Market Research are as follows:
• Occidental Chemical Corporation
• TETRA Technologies, Inc.
• Solvay
• Tiger Calcium
• Ward Chemical Ltd.
• Hawkins Inc.
• Zirax Limited
• Others
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