Demand for Deicing in Nations Facing Severe Winters Fuels Prospects for Calcium Chloride Market

De-icing is one of the primary uses of calcium chloride in the chemical industry. In addition, the demand for calcium chloride has surged steadily in the cement industry, where it is used as a concrete accelerator. The pace at which construction activities are rising worldwide, especially in the developing regions, is expected to augment the demand for calcium chloride in the coming years.

However, the oversupply of calcium chloride on account of its cheap and affordable mean of production could create challenges for the global calcium chloride market. Furthermore, its corrosive nature could restrict the market’s growth in the coming years to an extent. Against this backdrop, the global calcium chloride market will continue exhibiting a positive CAGR of 4.2% between 2016 and 2024. At this pace, the market is expected to reach US$1.52 bn by the end of 2024. According to Transparency Market Research (TMR), the market stood at US$1.04 bn in 2015.

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Which region will exhibit the most demand for calcium chloride?

Regionally, North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa constitute the key segments within the global calcium chloride market. Among these regions, North America held dominance with a share of nearly 45% in terms of volume in the overall market in 2015. In colder countries, calcium chloride is extensively used for de-icing activities during severe snowfall. Besides this, the rising mining activities worldwide is likely to fuel the demand for calcium chloride in the coming years.

What factors are supporting the market’s growth?

The rising demand for calcium chloride to be used in deicing will remain the chief driver of the global calcium chloride market. Considering the purpose it serves, Japan, Canada, and the US, besides other countries experiencing severe snowfalls during the months of winter, will naturally offer the most lucrative prospects for the market. Besides deicing, the rising use of calcium chloride for dust control applications will augur well for the overall market.

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Calcium chloride can retain moisture for long durations hence it used in unpaved road surfaces as a cost-effective dust suppressant. This is yet another application that will continue gaining traction for the market. In the coming years, the awareness regarding dust control solutions is expected to rise, which will in turn fuel the demand for calcium chloride. In addition, the booming construction industry in emerging nations will result in the higher demand for cement, subsequently creating an environment conducive to the growth of the global calcium chloride market.

Which companies are likely to be at fore of the global calcium chloride market?

The global calcium chloride market exhibits a highly consolidated vendor landscape, with three companies commanding dominance. According to TMR, OxyChem, TETRA Chemicals, and B .J Services held over 69% of the global market in 2015. Despite the prevailing consolidation, these companies are focused on gaining competitive advantage by expanding their regional footprint and widening sales and distribution channels across emerging nations. The diversifying uses of calcium chloride have provided these companies with an opportunity to update their policies and gain edge over competition.

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

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

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

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