Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global Calcium Formate Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031" report has been added to ResearchAndMarkets.com's offering.
In a recent market analysis report, the Global Calcium Formate Market is experiencing a substantial upturn, with projections indicating a continuous expansion at a CAGR of 5.7% between 2023 and 2031. This growth trajectory is bolstered by a surge in demand across varied applications, predominantly in the construction and agriculture sectors.
At the heart of this progress is the construction industry's extensive usage of calcium formate as an accelerator in cement and concrete applications, where it contributes significantly to enhanced strength and reduced setting times. Moreover, this chemical compound is finding increasing favor as a feed additive within the animal husbandry sector, where it is revered for its beneficial impact on the growth and health of livestock.
In terms of market segmentation, the Feed Grade segment of calcium formate currently commands the majority market share. Notwithstanding, the Industrial Grade segment is anticipated to witness the most rapid growth over the forecast period, driven by its multifaceted applications.
Regionally, Europe leads the market owing to robust demand from its established construction and manufacturing industries. However, it's the Asia-Pacific region that is projected to demonstrate the highest CAGR through to 2031, fueled by burgeoning construction activities and a growing adoption of calcium formate in an array of applications.
While market growth prospects appear optimistic, the report highlights a restraint concerning the volatility in the availability of raw materials required for calcium formate production, an aspect which could impede market stability.
Amidst competitive market dynamics, key industry participants are sharpening their edge through product innovations, strategic mergers, and expansions. Notably absent in the report are mentions of specific companies; however, the collective actions of industry players are formulating the foundation for expected market growth.
The report enriches stakeholders with a comprehensive analysis encompassing historical data, present market trends, and future forecasts. It provides detailed insights into micro and macroeconomic factors affecting the market, revenue estimations across various segments, and geographic revenue contributions.
With an exhaustive research methodology constituting secondary research, primary research, and expert panel review, the findings are poised to guide strategic decision-making for stakeholders across the global calcium formate landscape. The segmentation analysis spans grades, applications, and end-use sectors, complemented by a fine-grained geographical assessment.
The Global Calcium Formate Market report answers pivotal questions regarding investment pockets, growth dynamics, and market trends shaping the future of the industry. It further examines the role of emerging economies in market expansion and assesses the strategies employed by competitors to solidify their market presence.
- Grade: Feed Grade, Industrial Grade
- Application: Feed Additive, Concrete Additive, Textile Dyeing & Finishing, Other Applications
- End-Use: Construction, Leather & Textile, Animal Husbandry, Power Generation, Other End-use
- Region Segment: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
This in-depth analysis assists key market participants, policy makers, and stakeholders in identifying high growth areas and aligning their market strategies accordingly to capitalize on the potential within the Global Calcium Formate Market.
Companies Mentioned
- Perstorp Group
- Zibo Ruibao Chemical Co., Ltd.
- Geo Specialty Chemicals, Inc.
- Hangzhou Focus Chemical Co., Ltd.
- Henan Botai Chemical Building Materials Co., Ltd.
- Feicheng Acid Chemicals Co., Ltd.
- Lanxess AG
- American Elements
- Chongqing Chuandong Chemical (Group) Co., Ltd.
- Sidley Chemical Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/dzh8l
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
