Calcium Chloride Market | The Advanced Properties Of Calcium Chloride Than Conventional Materials to Boost the Market Growth | Technavio

The global calcium chloride market size is poised to grow by USD 373.61 million during 2020-2024, progressing at a CAGR of 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Calcium Chloride Market 2020-2024 (Graphic: Business Wire)

The advanced properties of Calcium Chloride are expected to drive the growth of this market. A couple of important properties of calcium chloride over other materials are its de-icing and ice melting properties. In comparison to magnesium chloride, rock salt, and urea, calcium chloride offers the optimum blend of de-icing properties for sidewalk, driveways, streets, and parking lots for winter maintenance. Additionally, calcium chloride can melt ice three times faster than other materials while melting ice at low temperatures. These are the few advantages that calcium chloride over other materials is expected to be the main factor that drives the growth of the calcium chloride market during the forecast period.

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Report Highlights:

• The major calcium chloride market growth share came from the de-icing and dust control segment in 2019. However, the oil and gas segment is expected to grow at a faster rate during the forecast period.
• North America was the largest calcium chloride market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increasing demand for calcium chloride in this region due to the de-icing and dust control applications.
• The global calcium chloride market is fragmented. Chloran Chemical Production Co., Jordan Abyad Fertilizers and Chemicals Co. PSC, Nedmag BV, Occidental Petroleum Corp., Solvay SA, TangShan SanYou Chemical Industries Co. Ltd., TETRA Technologies Inc., Tiger Calcium Services Inc., Ward Chemical Ltd., and Zirax Ltd.are some of the major market participants. To help clients improve their market position, this calcium chloride market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the global calcium chloride market 2020-2024 is expected to have negative growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Demand from F&B processing industry will be a Key Market Trend

Calcium chloride is heavily used in the F&B industry, as it helps in increasing the firmness of fruits and vegetables and maintaining the shape of fruits and vegetables in processing and cooking. Not only this there are other uses of calcium chloride in this industry which makes this compound a popular choice in the food and beverage industry.

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Calcium Chloride Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist calcium chloride market growth during the next five years
• Estimation of the calcium chloride market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the calcium chloride market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of calcium chloride market vendors

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Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• De-icing and dust control - Market size and forecast 2019-2024
• Oil and gas - Market size and forecast 2019-2024
• Construction - Market size and forecast 2019-2024
• Pharmaceuticals - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Chloran Chemical Production Co.
• Jordan Abyad Fertilizers and Chemicals Co. PSC
• Nedmag BV
• Occidental Petroleum Corp.
• Solvay SA
• TangShan SanYou Chemical Industries Co. Ltd.
• TETRA Technologies Inc.
• Tiger Calcium Services Inc.
• Ward Chemical Ltd.
• Zirax Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201022005196/en/