Calcium Formate Market Trends and Demand Analysis to 2027 | Future Scope, Price Structure, Industry Share and Forecast to 2027 by Fortune Business Insights™
The global calcium formate market size is projected to reach USD 628.5 million by 2027, exhibiting a CAGR of 4.0% during the forecast period. Increasing cement production is likely to emerge as a central growth driver for this market, finds Fortune Business Insights™ in its report, titled “Calcium Formate Market Size, Share & COVID-19 Impact Analysis, By Type (Feed Grade, Industrial Grade), By Application (Feed, Construction, Leather, Chemical, and Others), and Regional Forecast, 2020-2027”. The International Energy Agency (IEA) estimates that 4.1Gt of cement was produced worldwide in 2019, with China accounting for nearly 55% of the global production, followed by India at 8%. By 2030, according to the World Cement Association, China’s production is forecasted to contract to 35%, while India’s is set to double to 16%. These changing dynamics augur well for this market as calcium formate is an essential component in cement manufacturing. This compound acts as a setting accelerator for cement, working as an additive to boost the strength of the cement mortar. Thus, rising demand for cement, especially in developing economies, will provide the necessary fuel for the growth of the market for calcium formate.
The report states that the global market value stood at USD 469.4 million in 2019 and also offers the following:
- Microscopic analysis of the impact of the COVID-19 outbreak on the market;
- Granular study of the factors and trends shaping the market;
- Detailed evaluation of the regional dynamics influencing the market; and
- Comprehensive profiling of and in-depth research into the key market players and their strategies.
- November 2019: Perstorp announced plans to invest in a new facility in Gujarat, India, to produce Pentaerythritol (Penta). The plant will allow Perstorp to meet the rising demand in Asia for its Penta products as well as produce and distribute calcium formate in the country.
- September 2019: CPS Performance Materials, a portfolio company under Arsenal Capital Partners, announced the acquisition of GEO Specialty Chemicals. The acquisition will allow CPS to add GEO’s diverse chemicals and materials for diverse industries such as water treatment and paints & coatings to its specialty chemicals portfolio.
- Chongqing Chuandong Chemical (Group) Co., Ltd. (China)
- Jiangxi Kosin Organic Chemical (China)
- Zibo Ruibao Chemical Co., Ltd. (China)
- GEO Specialty Chemicals (USA)
- Perstorp (Sweden)
- Sidley Chemical Co., Ltd. (China)
- Shandong Baoyuan Chemical Co., Ltd. (China)
- Henan Botai Chemical Building Materials Company Ltd. (China)
- American Elements (USA)
- LANXESS (Germany)
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Trends – For Major Countries
- Global Feed Production Overview
- Regulatory Scenario
- Global Cement Consumption Overview
- COVID-19 Impact Analysis
- Supply Chain Challenges
- Steps Taken by Government/Companies to combat COVID-19
- Potential Opportunities due to COVID-19 Outbreak
- Global Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast
- By Type
- Feed
- Industrial
- Global Calcium Formate Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast
- By Application
- Feed
- Construction
- Leather
- Chemicals
- Others
Tags:
Calcium Formate Market
Leave a Comment