The global calcium formate market is anticipated to grow at a CAGR of 3.9% during the forecast period. The increasing demand for cement from the construction industry owing to the rapid growth in industrialization and urbanization is a prominent factor in the growth of the market. Calcium formate is used as a cement additive in the construction industry for quick setting and increasing the hardness of cement products. The growing use of calcium formate due to the high consumption and production of cement in major economies such as China and India is creating new growth opportunities for the players operating in the market. The rising population in these economies has accelerated the construction activities thereby driving the product demand.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/calcium-formate-market
Moreover, increased government expenditures for infrastructural development and requirement for reduced construction time and cost-effective products drive the growth of the market. Governments globally launched initiatives to provide funds and subsidies to make housing affordable, especially for low-income families, which drove the demand for cement and concrete. For instance, the Australian government-funded $15,000 for the purchase or construction of homes for first-time buyers through the ‘First Home Owners Grant’ scheme. In addition, the Indian Government launched the “Housing for All by 2022” mission and provided grants for slum rehabilitation and the construction of new houses. Such initiatives by the government encouraged people to construct new houses which have surged the adoption of calcium formate in cement for construction activities.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Grade
o By Application
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Lanxess AG, Perstorp Group, Chongqing Chuandong Chemical (Group) Co. Ltd., Geo Specialty Chemical Inc., Zibo Ruibao Chemical Co. Ltd., Shandong Xinruida Chemical Industry, Geo Speciality Chemicals, among others.
• Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Calcium Formate Market Report by Segment
• By Grade
o Industrial
o Feed
• By Application
o Feed Additives
o Tile & Stone Additives
o Concrete Setting
o Leather Tanning
o Drilling Fluids
o Flue Gas Desulfurization
o Others
• By End-User Industry
o Construction
o Leather & Textile
o Animal Husbandry
o Chemicals
o Power Generation
o Others
Global Calcium Formate Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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