Global Calcium Chloride Market is Expected to Reach US$ 1.50 Billion by 2026: IMARC Group

According to the latest report by IMARC Group, titled, “Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", provide the global calcium chloride market to reach a value of US$ 1.50 Billion by 2026, exhibiting a CAGR of 5.78% during 2021-2026.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Industry Definition and Application:

Calcium chloride, with the chemical formula CaCl2, is an ionic compound of calcium and chlorine, which is highly soluble in water. It remains solid at room temperature and behaves as a typical ionic halide. Calcium chloride is generally found in small quantities, along with other salts, in seawater and mineral springs. It is used as a food additive, preservative, and brine in refrigeration plants. Besides this, it is also utilized as a drying agent in water treatment plants.

Download free sample of the report: https://www.imarcgroup.com/calcium-chloride-technical-material-market-report/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends and Drivers:

The applications of calcium chloride as a dehumidifier and concrete accelerator have increased its demand, primarily in the concrete industry. A rise in construction and mining activities, particularly in the developing countries, has propelled the sales of calcium chloride since it is largely used as a dust controlling agent. Additionally, as it can lower the freezing point of water, it is used as a de-icing agent on roads, pavements and sidewalks during winters. Consequently, it is widely utilized in regions which experience heavy snowfall, such as Europe and North America. Furthermore, the liquid form of calcium chloride is a common raw material that is employed as a drilling fluid in the gas well drilling industry. Rising demand for oil and gas from numerous countries has impelled the sales of calcium chloride across the world.

Browse full report with TOC: https://www.imarcgroup.com/calcium-chloride-technical-material-market-report

Calcium Chloride Market Segmentation:

The report has segmented on the basis of product type, application, raw material, grade and geography

By Product Type:

1. Liquid
2. Hydrated Solid
3. Anhydrous Solid

By Application:

1. De-Icing
2. Dust Control and Road Stabilization
3. Drilling Fluids
4. Construction
5. Industrial Processing
6. Others

By Raw Material:

1. Natural Brine
2. Solvay Process (by-product)
3. Limestone and HCL
4. Others

By Grade:

1. Food Grade
2. Industrial Grade

By Region:

1. North America
2. Asia Pacific
3. Europe
4. Middle East and Africa
5. Latin America

Who are the Major Calcium Chloride Key players?

The report provides a detailed analysis of the calcium chloride market leaders, including.

• Occidental Petroleum Corp. (OxyChem)
• Tetra Chemicals
• B. J. Services
• Solvay S.A.
• Tangshan Sanyou Group Co., Ltd.

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