Market Research Reports

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. Browse Market Research Report @...

  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/sa...