Global Calcium Chloride Market 2014 - 2020
Albany, New York (PRWEB) January 19, 2015
Transparency Market Research has released a new market report titled “Calcium Chloride Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” According to the report, the global calcium chloride market was valued at USD 817.4 million in 2013 and is anticipated to reach USD 1,205.8 million by 2020, growing at a CAGR of 5.8% from 2014 to 2020. In terms of volume, the global calcium chloride market stood at 3,058.7 kilo tons in 2013.
Browse the full Calcium Chloride Market: http://www.transparencymarketresearch.com/calcium-chloride-market.html
Increasing demand for calcium chloride from the de-icing and dust control application is driving the growth of the calcium chloride market. The property of calcium chloride to depress the freezing point of water has led to its high demand in the market. This makes calcium chloride applicable as a de-icer in the removal of snow and ice on driveways, walkways and sideways. It is also used as a dust control agent. It suppresses dust on roads from mixing with the air in the environment, thereby reducing pollution. Considering the factors mentioned above, the calcium chloride market is anticipated to witness significant rise in demand from the de-icing application, especially in the U.S. However, potential side-effects of calcium chloride and regulations may hamper market growth in the next few years.
De-icing and dust control, and oil and gas are the major applications of calcium chloride in the market. Along with being the major market, de-icing and dust controls also anticipated to be the fastest growing application segment due to increasing demand for usage in de-icing applications in developed economies. De-icing and dust control applications accounted for about 45% of the global market share in 2013. The oil & gas segment is anticipated to grow significantly, due to rising demand for calcium chloride in several applications such as drilling fluids and completion fluids. The calcium chloride market for construction is expected to grow moderately due to sluggish growth in the industry, especially in North America and Europe. The others segment comprising food, agriculture and medicine is anticipated to boost demand for calcium chloride in the near future.
North America accounted for the largest market share of over 40% of the global calcium chloride market in 2013. Calcium chloride is used in high quantities as a de-icer in the removal of ice and snow in the region. Therefore, North America is expected to be the largest and fastest growing market for calcium chloride in the near future. Europe was the second largest market for calcium chloride in 2013. Developing economies in Asia Pacific are expected to be the second fastest growing markets for calcium chloride and accounted for more than 23% share in 2013. Growth in end-user industries such as construction in the region is anticipated to boost demand for calcium chloride during the forecast period.
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Key players in the calcium chloride market include TETRA Chemicals, OxyChem, Zirax, Qingdao Huadong Calcium Producing Co. Ltd., Tangshan Sanyou Group and Solvay S.A., among others. The calcium chloride market is highly concentrated, with the top five companies accounting for more than 78% of the global market in 2013. Major companies are now focusing on backward integration to overcome volatility in availability and prices of raw materials, and gain competitive advantage over other key players in the market.
The report segments the global calcium chloride market as:
Calcium Chloride Market - Application Analysis
- Deicing and dust control
- Oil and gas
- Others (Including food, medicine, etc)
Calcium Chloride Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
Related Report by Transparency Market Research
- Calcium Carbonate Market: http://www.transparencymarketresearch.com/calcium-carbonate-market.html
- Calcium Propionate Market: http://www.transparencymarketresearch.com/calcium-propionate-market.html
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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