Skip to main content

Global Calcium Chloride Market: De-icing Offers Incremental Opportunities for Uptake in Coming Years, observes TMR

 The global calcium chloride market is highly consolidated with leading share held by only three players. In 2015, TETRA Chemicals, OxyChem, and B .J Services collectively held a lion’s share of 69.1% in the global market. These companies have consistently focused on the expansion of production facilities, setting up businesses in newer geographies, and widening their sales and distribution channels to remain at leading positions. “Increasing production and manufacturing products that are suited for various applications is expected to the key strategy of these companies to march forward in the coming years,” says the lead author of this research report.
According to the research report, the global calcium chloride market is expected to be worth US$ 1.52 bn by 2024 as compared to US$ 1.04 bn in 2015, expanding at a CAGR 4.2% from 2016 to 2024.  
View Exclusive Global Strategic Business Report:  http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3239
Asia Pacific and North America Show Strong Presence in Global Market
In terms of regions, the global calcium chloride market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific and North America hold a significant share of the global market. By the end of 2024, North America is expected to acquire a share of 46% in the global market. The demand for calcium chloride for product development for water treatment and several the applications is expected to provide an incremental opportunity to the market in North America in the coming years.

Calcium chloride is being applied in industries such as construction, drilling fluids, dust control, de-icing, and industrial processing. Of these, drilling fluids are expected to hold the highest share of 24.9% by the end of the forecast period. The soaring uptake of calcium chloride in the production of completion fluids is anticipated to contribute to the rising revenue of the segment.
Extensive Usage of Calcium Chloride for Dust Control Bodes Well for Overall Growth
The growing demand for calcium chloride is anticipated to remain steady as it is the key chemical used for de-icing. The frequently used de-icing agent is liquid calcium chloride of about 35% with rock salt to ice and snow control. Thus, in countries such as the U.S., Japan, and Canada calcium chloride is extensively used for managing the after-effects of heavy snowfall. Besides, de-icing, dust control is yet another leading application of calcium chloride.
Known to retain moisture for exceptionally longer durations, calcium chloride is used on unpaved road surfaces as a cost-effective dust suppressant. The growing awareness about simple solutions for dust control is expected to augment the demand for calcium chloride in the coming years. The booming construction industry and the subsequently rising demand for cement are also expected to propel the growth of the global market. Calcium chloride is used as a concentrate accelerator to speed up the curing rate of cement. It also helps in reducing the alkali content in cement, which is known to prevent cracking.
Oversupply of Substandard Material Could Hamper Revenue
As calcium chloride can be produced using multiple methods, it has led to an oversupply of cheap material in the market. Thus, it has reduced profit margins for several sellers to a significant extent. The corrosive nature of calcium chloride is also expected to hamper its sale in the coming years. As calcium chloride is hygroscopic, it retains water from the air that can result in corrosion at lower levels and cause extended periods of relative humidity.
The report segments the global calcium chloride market into:
  • Calcium Chloride Market – Product Analysis
    • Flakes 77%
    • Flakes 94%
    • Prills 94%
    • Pellets 94%
    • Liquid Grade
       
  • Calcium Chloride Market – Application Analysis
    • Deicing
    • Dust Control
    • Drilling Fluids
    • Construction
    • Industrial Processing
    • Others (Including agrochemicals, food, tire ballast, etc.)
This review is based on Transparency Market Research’s report, titled “Calcium Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and
Post a Comment
Read more

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more