The North America liquid calcium chloride market held a market value of USD 652.1 million in 2021 and is estimated to reach USD 935.2 million by the year 2027. The market is anticipated to register a CAGR of 6.02% during the forecast period. Moreover, the market volume accounted in 2021 is 4,847 kilo tonnes.
The liquid calcium chloride is one of the widely used salts all around the world. Owing to the benefits of this salt, such as its versatility and flexibility, the compound is prominently used for industries, residential, as well as commercial purposes.
The liquid calcium chloride industry is boosting owing to the rising calcium chloride predominantly in construction industries. In addition to that, the surging use of calcium chloride in agricultural sector is boosting the growth rate of the liquid calcium chloride industry in North American region.
On the other hand, during the COVID-19 pandemic outbreak, there occurred a disruption of supply chain in the industry. However, with the rising concentration of market players and fueling strategic activities are set to create opportunities in the near future.
Increasing consumption of calcium chloride in construction industry
The rising utilization of calcium chloride in the construction sector is fueling the growth rate of the market for liquid calcium chloride in the North American region. Calcium chloride is first mixed with concrete water, followed by addition to the mixture of cement and sand. By doing this, the calcium chloride has a hastening role in the construction of such concretes. It augments the foundation of the concrete, while keeping the moisture content in check. Thus, such rise in usage fuels the growth rate of the market.
Increasing use of the calcium chloride in the agriculture sector
The dearth of calcium chloride in vegetables and fruit bearing plants causes physiological disorders and decay in the plants. Research suggests using liquid calcium chloride pre-harvest offers supplemental growth as well as delays the aging process of the same. Pre-harvest sprays of calcium chloride can surge the peach size and improve the shelf life. Thus, end users of agriculture industry are heavily investing in liquid calcium chloride to gain a competitive edge over the other players in their respective industries.
The North America liquid calcium chloride market is segmented into type and application.
The 30 to 35% segment held the largest market share of more than 35% in 2021.
? Concrete Accelerator
? Animal Feed
? Dust Control
? Oil & Gas
? Tire Ballast
The animal feed segment is estimated to cross the mark of USD 100 million revenue by 2026. Moreover, the deicers segment is projected to hold the highest growth rate of 6.47% over the forecast period. The oil and gas segment is likely to hold an opportunity of more than USD 45 million during 2021 to 2027.
The North America liquid calcium chloride industry is divided into the US, Canada, and Mexico. The U.S. market for liquid calcium chloride is likely to grow at the highest CAGR of 6.24% over the forecast period.
The increasing strategic activities is subject to growth of the industry. For instance, in January 2021, Zirax, a manufacturer of specialized chemical products, signed a major contract for the supply of calcium chloride from Russia to the US market in the amount of 10,000 tons of product in consumer packaging. In addition to that, in September 2020, Zirax signed a major contract for the supply of granulated calcium chloride to the US market for subsequent sales through retail chains in North America.
The prominent players operating in the North America liquid calcium chloride market are Nedmag B.V., Occidental Petroleum Corp., Ward Chemical Ltd., Tiger Calcium, Solvay, TETRA Technologies, Inc., Zirax Limited, Hill Brothers Chemical Co., Weifang Taize Chemical Industry Co., Ltd., Keg River, and others.
The top market players are involved in product launches, agreements, mergers, acquisitions, joint ventures. For instance, in August 2020, Nedmag was certified for the ISO 22000 standard for its CaCl? Food. The FSSC 22000 certificate gives customers even more certainty that CaCl? food meets the strictest requirements for guaranteeing food safety.
The North America liquid calcium chloride market report provides insights on the below pointers:
? Market Penetration: Provides comprehensive information on the market offered by the prominent players
? Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
? Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
? Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the North America liquid calcium chloride market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
? Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
? Pricing Analysis: Pricing analysis of various components used in the manufacturing of liquid calcium chlorides
? Manufacturing Cost Analysis: Cost-share of various components in liquid calcium chlorides, cost analysis of liquid calcium chlorides, Unit Cost Analysis of liquid calcium chlorides, Component Cost Analysis
The North America liquid calcium chloride market report answers questions such as:
? What is the market size and forecast of the North America liquid calcium chloride Market?
? What are the inhibiting factors and impact of COVID-19 on the North America liquid calcium chloride market during the assessment period?
? Which are the products/segments/applications/areas to invest in over the assessment period in the North America liquid calcium chloride market?
? What is the competitive strategic window for opportunities in the North America liquid calcium chloride market?
? What are the technology trends and regulatory frameworks in the North America liquid calcium chloride market?
? What is the market share of the leading players in the North America liquid calcium chloride market?
? What modes and strategic moves are considered favorable for entering the North America liquid calcium chloride market?