Calcium Formate Market
Calcium Formate Market Size, Share, and Trends Analysis Report, By Grade (Industrial and Feed), By Application (Feed Additives, Tile & Stone Additives, Concrete Setting, Leather Tanning, Drilling Fluids, Flue Gas Desulfurization, and Others), By End-Use Industry (Construction, Leather & Textile, Animal Husbandry, Chemicals, Power Generation, and Others), Forecast Period (2022-2028)
Calcium formate market is anticipated to grow at a CAGR of 3.9% during the forecast period. The global calcium formate industry growth is being driven by the factors such as rising demand for calcium formate for the production of animal-derived products and rapid growth in the construction industry. Cement formate is used as cement additives and cement-based mortars for setting and increasing the toughness of the cement. The increasing construction sector due to growing population and industrialization is the major factor that is increasing the demand for cement formate. The rise in income of people, low-interest rate, and high level of migration has boosted construction activities across the globe, which in turn brings new growth aspects to the market.
Apart from these, the calcium formate also plays a vital role in animal feed production. The high animal product demand from major economies has significantly risen the product need. As per OCED, meat exports increased to 36 Mt in 2019, up 4% from 2018 globally. China was the major consumer of meat, in 2019, the country’s meat import increased by 62% (around 2 Mt) across all meat categories, which in turn has surged the adoption of calcium formate for superior quality meat production.
However, high capital investment and fluctuation in raw material cost of formic acid and calcium carbonate used in calcium formate is the restraining factor projected to hamper the market growth. On the other hand, the growth in the leather industry can bring new growth opportunities to the market during the forecast period.
Segmental Outlook
The global calcium formate market is segmented based on grade, application, and end-use industry. Based on grade, the market is sub-segmented into industrial and feed. Based on application, the market is segmented into feed additives, tile & stone additives, concrete setting, leather tanning, drilling fluids, flue gas desulfurization, and others. Based on the end-user industry, the market is sub-categorized into construction, leather & textile, animal husbandry, chemicals, power generation, and others.
Regional Outlook
Geographically, the global calcium formate market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). The Asia-Pacific region is likely to grow at the fastest CAGR during the forecast period. The regional growth is attributed to the growing population and high meat demand in the region’s major economies. In addition, the rapidly increasing consumption of calcium formate in the end-user industry such as construction, chemicals, animal husbandry, leather & textile is further projected to widen its scope during the forecast period. Further, Europe is considered as second largest region in the growth of the market, due to heavy usage in the construction industry.
Global Calcium Formate Market Growth By Region, 2022-2028
North America Region is Expected to Hold Largest Share
Geographically, the North American region is expected to account highest market share during the forecast period. The major factors such as rising demand for calcium formate in end-user verticals, growth in the construction sector, and rising demand from the feed industry contribute to the growth of the market in the region. Apart from these factors, the presence of prominent market players and new product launches by them assist in market expansion in the region. The US is the major economy contributing a high share to the market. The rapid urbanization in the country is the prominent factor that has surged the construction activities which leads to the high product need. Also, growth in the automotive industry is playing a crucial role in boosting the market growth. The increasing demand for electric vehicles in the region’s major economies has opened the door for new growth opportunities for the market players.
Market Players Outlook
The major market players in the global calcium formate market include Lanxess AG, Perstorp Group, Chongqing Chuandong Chemical (Group) Co. Ltd., Geo Specialty Chemical Inc., and Zibo Ruibao Chemical Co. Ltd., Shandong Xinruida Chemical Industry, Geo Speciality Chemicals, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2021, Lanxess acquired Theseo Group to further expand its product portfolio in the animal husbandry market.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global calcium formate market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. LANXESS AG
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. PMC Group
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Geo Speciality Chemicals
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Zouping Fenlian Chemical Co.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Perstorp Holding AB
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Calcium Formate Market by Grade
4.1.1. Industrial Grade
4.1.2. Feed Grade
4.2. Global Calcium Formate Market by Application
4.2.1. Feed Additives
4.2.2. Tile & Stone Additives
4.2.3. Concrete Setting
4.2.4. Leather Tanning
4.2.5. Drilling Fluids
4.2.6. Flue Gas Desulfurization
4.2.7. Others
4.3. Global Calcium Formate Market by End-Use Industry
4.3.1. Construction
4.3.2. Leather & Textile
4.3.3. Animal Husbandry
4.3.4. Chemicals
4.3.5. Power Generation
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. American Elements
6.2. Chongqing Chuandong Chemical (Group) Co. Ltd.
6.3. Henan Botai Chemical Building Material Co. Ltd.
6.4. Jiangxi Kosin Organic Chemical Co. Ltd
6.5. Shandong Baoyuan Chemical Co. Ltd.
6.6. Sidley Chemical Co. Ltd.
6.7. Zibo Ruibao Chemical Co. Ltd.
1. GLOBAL CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
2. GLOBAL FEED CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL INDUSTRIAL CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL CALCIUM FORMATE IN FEED ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CALCIUM FORMATE IN TILE & STONE ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CALCIUM FORMATE IN CONCRETE SETTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CALCIUM FORMATE IN LEATHER TANNING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
9. GLOBAL CALCIUM FORMATE IN DRILLING FLUIDS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
10. GLOBAL CALCIUM FORMATE IN FLUE GAS DESULFURIZATION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
11. GLOBAL CALCIUM FORMATE IN OTHERS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. GLOBAL CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
13. GLOBAL CALCIUM FORMATE IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. GLOBAL CALCIUM FORMATE IN LEATHER & TEXTILE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. GLOBAL CALCIUM FORMATE IN ANIMAL HUSBANDRY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
16. GLOBAL CALCIUM FORMATE IN CHEMICALS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. GLOBAL CALCIUM FORMATE IN POWER GENERATION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
18. GLOBAL CALCIUM FORMATE IN OTHER END-USER INDUSTRY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
19. GLOBAL CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
22. NORTH AMERICAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. NORTH AMERICAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
24. EUROPEAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. EUROPEAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
26. EUROPEAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. EUROPEAN CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
33. REST OF THE WORLD CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY GRADE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
35. REST OF THE WORLD CALCIUM FORMATE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL CALCIUM FORMATE MARKET SHARE BY GRADE, 2021 VS 2028 (%)
2. GLOBAL CALCIUM FORMATE MARKET SHARE BY END-USE INDUSTRY, 2021 VS 2028 (%)
3. GLOBAL CALCIUM FORMATE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
4. GLOBAL CALCIUM FORMATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL CAPSULE IN CALCIUM FORMATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL TABLET IN CALCIUM FORMATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL POWDER IN CALCIUM FORMATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL HYDROLYZED CALCIUM FORMATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL UNHYDROLYZED CALCIUM FORMATE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL CALCIUM FORMATE IN NUTRACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL CALCIUM FORMATE IN FOOD & BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL CALCIUM FORMATE IN COSMETICS & PERSONAL CARE GRADES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL CALCIUM FORMATE IN PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL CALCIUM FORMATE IN OTHER APPLICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
17. UK CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD CALCIUM FORMATE MARKET SIZE, 2021-2028 ($ MILLION)
