The global demand for Calcium Formate Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
The calcium salt of formic acid is known as calcium formate ( E238 ). It is stable at room temperature. This odorless, white crystalline solid with the chemical formula Ca(HCOO)2 is inflammable and can make orthorhombic crystals. Calcium formate is mainly used as an animal feed additive. It is also widely applied in silage treatment, cement additives, leather tanning, gas generation, and safety explosives. Calcium formate is used as a corrosion inhibitor, catalyst, and as additive in various resins.
Market Dynamics
The demand for calcium formate as a cement additive in the building and construction industry, is rising rapidly. Furthermore, the steel industry and other manufacturing industries are preferring calcium formate as an ideal corrosion inhibitor. Another significant factor driving the global market includes growing demand from the animal nutrition industry as a feed additive. The passenger's safety is the utmost priority of motor vehicle manufacturers, to achieve this, the automotive industry is focusing on providing quality airbags for each vehicle. Calcium formate enhances the functionality and efficiency of the airbags. It leads to increased demand for the calcium formate and growth of the global market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give an inclusive assessment of each application/product segment in the global market of calcium formate.
Market Segmentation
The entire calcium formate market has been sub-categorized into function and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Function
- Preservative
- Cure Accelerator
- Masking Agent
- Additive
- Others
By End Use
- Cement
- Animal Feed & Silage Treatment
- Leather Tanning
- Tile Adhesive
- Lubricants
- Textiles
- Gas Desulphurization
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for calcium formate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Calcium Formate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the calcium formate market include LANXESS AG, Shandong Baoyuan Chemical Co., Zibo Ruibao Chemical Co., Ltd., Perstorp Holding AB, Ltd., GEO Specialty Chemicals, Chongqing Chuandong Chemical (Group) Co., Ltd., Jiangsu Ruiyang Chemical Co., Ltd., Shandong Xinruida Chemical Industry Co., Ltd., Hangzhou Focus Chemical Co., Ltd., Zouping Fenlian Chemical Co., Ltd., PuYang YongAn Chemical Co., Ltd. (YACC), Feicheng Acid Chemical Co., Ltd., Hubei Hengxin Chemical Co., Ltd., Other Players. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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