Global Calcium Formate Market Research Report: By Grade (Industrial Grade, Feed Grade), By Application (Feed Additive, Concrete Additive), By End-use (Construction, Leather & Textile), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
The global calcium formate market was valued at USD 0.86 billion in 2022 and is estimated to reach approximately USD 1.50 billion by 2031, at a CAGR of 6.3% from 2023 to 2031.
The chemical compound calcium formate finds widespread application in diverse industries owing to its adaptable characteristics. When it was first introduced, it was a white, crystalline substance that quickly became a vital component and addition in many different uses. Its use as an acidifier and preservative in animal feed was first discovered, and it soon gained traction in the building, pharmaceutical, and food industries. Calcium formate has been used in the construction industry as an accelerating ingredient to speed up the manufacturing of cement and concrete, boosting the materials' early strength and setting times. It was a desirable option for creating effective additives due to its compatibility and water solubility. Its relevance in the construction industry was further cemented by its function as a corrosion inhibitor in reinforced concrete structures. Concurrently, it was recognized in the pharmaceutical industry for its neutralizing and buffering qualities, which were applied to medication compositions. Its demand in this industry was supported by its function as a safe and efficient component in pharmaceutical applications. Because calcium formate is classified as a food additive in the food business, it is widely used to preserve and stabilize food quality in a variety of food products. Its primary functions as a preservative and acid regulator. The market for calcium formate has grown dramatically over the years due to its many uses, dependability, and adaptability in a variety of industries, making it a necessary chemical substance in today's business environment.
CALCIUM FORMATE MARKET: REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
0.86 Bn |
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Projected Market Value (2031) |
1.50 Bn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Grade, By Application, By End Use, & Region |
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Segments Covered |
By Grade, By Application, By End Use, & Region |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Calcium Formate Market Dynamics
The compound's numerous applications in a variety of industries, including as food, medicine, building, and animal feed, largely determine market dynamics. Because of its use as an ingredient in concrete, calcium formate has become increasingly popular in the building industry. The compound's employment in several construction projects fueled market expansion because of its capacity to shorten setting periods and improve early strength in cement-based products. In order to promote the health and growth of animals, the animal feed industry adopted calcium formate at the same time as an acidifier and preservative. Its ability to keep pH balance and stop bacterial growth in feed products encouraged its acceptance, which in turn fueled market expansion. Furthermore, the pharmaceutical industry supported market dynamics by depending on calcium formate's buffering and neutralizing qualities in medication compositions. Its effective and safe usage in medicinal applications contributed to steady market expansion. Additionally, the compound's demand in the food sector was increased by regulatory approvals and growing awareness of its safe application in food preservation. The dynamics of the calcium formate market are further impacted by variables such developments in technology, R&D projects, changes in raw material prices, and shifting customer tastes. The market environment for calcium formate is dynamic and expanding as a result of these various factors coming together.
Global Calcium Formate Market Drivers
Because of its profound effect on the characteristics of concrete and cement-based materials, calcium formate is a necessary ingredient in this industry. It is an important accelerating agent that improves the performance of building materials. When added to concrete formulas, it shortens the setting period, allowing for speedier strengthening and hardening procedures. Timeliness in construction can be hampered by delayed setting, so this feature becomes especially helpful in cold weather. In addition, the early strength development of concrete is enhanced by calcium formate, which guarantees quicker demolding and expedites the construction process. Its usefulness is further increased by the compound's compatibility with different construction admixtures. It mixes very easily with other additions to create concrete formulas that are specifically tailored to the needs of the project. Its versatility makes it more appealing to building industry experts looking for specialized and effective solutions. The demand for calcium formate is still being driven by the growing number of construction projects being undertaken worldwide, particularly in emerging nations for residential and infrastructure development.
Calcium formate is a useful ingredient in this industry that has several advantages for feed storage and animal health. Because of its potent preservative and acidifier properties, feed quality and safety are crucially maintained, protecting animal health and production. Calcium formate increases the shelf life of feed products, ensuring that they stay nutrient-rich and free from spoiling by preventing bacterial growth and maintaining feed freshness. The acidifying qualities of calcium formate also help to regulate the pH levels in livestock's digestive systems. By promoting an environment that is conducive to enzyme activity, this modulation of acidity enhances nutrient absorption and streamlines digestive processes. Enhancing animal well-being and development performance is greatly aided by the compound's support of gastrointestinal health. Calcium formate becomes a sought-after option as the animal feed business concentrates on enhancing feed efficiency, guaranteeing feed quality, and fostering animal health.
Restraints:
The viability and economy of production of calcium formate are largely dependent on the stability and availability of key raw ingredients, such as formic acid and calcium hydroxide, which are required for the compound's synthesis. Any interruptions, variations in availability, or limitations in obtaining these vital raw materials can directly hinder the ability of producers of calcium formate to produce their product. Unpredictability in prices, insufficient infrastructure for extraction and processing, or restricted access to raw materials because of geological or geopolitical constraints can all seriously impede the seamless operation of the supply chain. Furthermore, the supply chain can be further strained by heightened competition for these raw resources from different industries or geographical areas, which could result in shortages or higher prices. Supply chain vulnerabilities are increased when the market is dependent on particular areas or suppliers for these commodities, hence exposing it to geopolitical risks and trade uncertainties. These difficulties in the supply chain can lead to production setbacks, higher production expenses, and unpredictability in the supply, which would ultimately affect calcium formate's marketability and cost.
Because of worries about the effects of compounds like calcium formate on human health, the environment, and safety, regulatory agencies impose stringent limits and prohibitions on their use. It is frequently necessary to conduct in-depth testing, maintain meticulous records, and adhere to precise limits for purity and allowable levels in final products in order to meet these strict standards. As a result of firms having to spend money on R&D and compliance measures in order to comply with regulations, production costs can increase. Furthermore, calcium formate's potential for use can be limited by restrictions on permitted concentrations or applications in specific industries, which could lower market demand. The intricacy and discrepancies in rules among various nations or areas provide additional difficulties for firms, particularly those striving to achieve worldwide market share. Regulation updates or changes can need modifying formulations, production procedures, or labeling, increasing operational complexity and expenses. Furthermore, because lengthy licensing procedures and compliance audits increase the time it takes for new uses or formulations to reach the market, strict restrictions might impede innovation and the introduction of new applications for calcium formate.
Opportunities:
Because of its special qualities, especially its ability to neutralize and buffer, calcium formate has a lot of potential applications in pharmaceutical formulations. Its potential for use as an excipient in pharmaceutical production processes presents chances to improve the bioavailability, stability, and efficacy of medications. Because of its ability to buffer, calcium formate can keep pH levels at ideal ranges, which is important for the stability of several drugs and formulations. This quality is especially useful for guaranteeing the efficacy and shelf life of medications that are sensitive to pH variations in formulation. It is also a desirable alternative for drug delivery systems due to its compatibility with other pharmaceutical ingredients and capacity to support controlled release formulations. The substance's acknowledged safety profile and regulatory approvals across multiple industries also support its attractiveness for pharmaceutical uses, providing a dependable and approved component for drug formulations. The adaptable qualities of calcium formate make it a viable component for cutting-edge pharmaceutical solutions as pharmaceutical companies investigate new drug delivery methods and formulations to enhance patient outcomes and meet particular therapeutic demands.
In response to customer preferences for less processed and healthier food options, calcium formate is a safe and natural ingredient that can be used to meet these needs. The goal of food industry innovations is to prolong the shelf life of perishable goods while preserving their flavor and nutritional content. The preservation properties of calcium formate hinder the growth of microorganisms, avoiding spoiling and preserving food freshness. Its capacity to control acidity levels guarantees pH stability, which is essential for improving food items' overall quality, taste, and texture. Moreover, calcium formate shows promise as the industry struggles to use less artificial additives and more natural substitutes. Its appeal as a food additive is influenced by its Generally Recognized as Safe (GRAS) designation and regulatory approvals, which provide avenues for its incorporation into a variety of food formulations without sacrificing safety or quality. The potential is in working with food producers to create novel recipes and procedures that take advantage of the advantages of calcium formate.
Segment Overview
By Grade
Based on grade, the global calcium formate market is divided into industrial grade, feed grade. The industrial grade category dominates the market with the largest revenue share in 2022. This grade of calcium formate is primarily utilized in industrial applications, especially in the construction and chemical industries. Industrial grade calcium formate is manufactured to meet specific purity standards and quality requirements suitable for various industrial processes. It is commonly used as an additive in cement and concrete production, serving as an accelerating agent to enhance setting times and improve early strength in construction materials. Additionally, it finds applications in leather industry processes, as a feedstock in the production of other chemicals, and in various chemical synthesis processes owing to its buffering and neutralizing properties. Feed grade calcium formate, this grade of calcium formate is specifically produced and formulated for use in animal feed. It adheres to stringent purity standards and is manufactured to ensure it is safe and suitable for consumption by animals. Feed grade calcium formate serves multiple purposes in animal nutrition, functioning as a preservative, acidifier, and performance enhancer in feed formulations. It helps in preserving the quality of feed by inhibiting bacterial growth and maintaining freshness.
By Application
Based on the application, the global calcium formate market is categorized into feed additive, concrete additive. The concrete additive category leads the global calcium formate market with the largest revenue share in 2022. Calcium formate is also widely used as a concrete additive in the construction industry. Within this category, calcium formate serves as an accelerating agent in cement and concrete formulations. Its addition to concrete mixes accelerates the setting time, facilitating faster curing and early strength development. This attribute is especially advantageous in construction projects where quick setting times are essential, particularly in colder climates or when rapid construction progression is required. Calcium formate serves as a valuable additive in animal nutrition, falling under the feed additive category. In this context, it is specifically formulated and manufactured to meet stringent standards for safety and purity required for use in animal feed. As a feed additive, calcium formate plays a crucial role in preserving the quality and enhancing the nutritional value of animal feed. Its primary functions include acting as a preservative and acidifier. As a preservative, it inhibits microbial growth, extending the shelf life of feed products and ensuring they remain fresh and free from spoilage.
By End-Use
Based on end-use, the global calcium formate market is segmented into construction, leather & textile. The construction segment dominates the calcium formate market. In the construction sector, calcium formate serves as a crucial additive in cement and concrete formulations. Its role as an accelerating agent significantly influences the setting time and early strength development of concrete. By accelerating the hydration process of cement, calcium formate enables faster curing and strengthening of concrete, particularly beneficial in colder climates or when rapid construction progress is required. Calcium formate finds applications in the leather industry, primarily in the tanning process. Within this sector, it serves as a pickling agent due to its buffering and neutralizing properties. During leather processing, calcium formate helps adjust and stabilize the pH levels of the hides or skins, preparing them for subsequent tanning processes. Its role in pickling contributes to better penetration of tanning agents and facilitates the removal of unwanted substances from the hides, enhancing the quality and efficiency of the leather tanning process. In the textile sector, calcium formate is used in dyeing and printing processes. It acts as a catalyst or buffer in dye fixation and printing formulations, aiding in color development and improving dye penetration into fibers or fabrics. Its role in these processes contributes to achieving desired color fastness, enhancing the dyeing efficiency, and ensuring better color retention in textile materials.
Global Calcium Formate Market Overview by Region
The global calcium formate market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific emerged as the leading region, capturing the largest market share in 2022. The building industry's need for calcium formate has been greatly increased by this region's quick urbanization, infrastructure growth, and booming construction activities. The usage of calcium formate as an essential addition in cement and concrete applications has been driven by the growing emphasis on infrastructure projects, urban expansion, and the construction of commercial and residential structures in countries like China, India, and Southeast Asian nations. Its ability to shorten the time it takes for concrete to set in order to meet shorter building schedules is in accordance with the region's changing construction requirements. In addition, the Asia-Pacific region's strong animal feed sector expansion has also led to a rise in calcium formate demand. High-quality animal feed additives like calcium formate are becoming more and more necessary due to growing populations and an increasing demand for meat and poultry products. Significant adoption of its usage as an acidifier and preservative in animal nutrition has occurred in nations with booming agricultural sectors, supporting the health and production of cattle. The region's leather and textile sectors have also embraced calcium formate for a variety of processing applications, which has increased demand for it. The Asia-Pacific area has emerged as a leading player in the worldwide calcium formate market due to the convergence of these variables, as well as the region's industrial and economic growth. This makes the region an essential center for the production and consumption of this versatile compound.
Global Calcium Formate Market Competitive Landscape
In the global calcium formate market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.
Some of the prominent players in the global calcium formate market include LANXESS, Perstorp Holding AB, Chongqing Chuandong Chemical (Group) Co. Ltd., Zibo ruibao chemical Co., LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co. Ltd, Jiangxi Kosin Frontier Technology Co., Ltd., and various other key players.
Global Calcium Formate Market Recent Developments
In April 2021, The French Theseo group was successfully bought by LANXESS, a specialized chemicals firm. Theseo Group is a well-known producer of biosecurity and animal health products.
Calcium Formate Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Grade |
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By Application |
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By End-Use |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global calcium formate market segmented by grade, by application, by end use, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of calcium formate between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global calcium formate market
To find out the factors which are affecting the sales of calcium formate among consumers
To identify and understand the various factors involved in the global calcium formate market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
