Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1300 million | USD 1840 million | 4.40% | 2022 |
FrequentlyAsked Questions
Calcium chloride is a salt made with calcium cations and chlorine anions. However, the process of manufacturing calcium chlorides is environment-friendly. It is off white and white in color. Also, it is highly soluble in nature with hygroscopic properties. It is a less corrosive salt that does not damage the environment.
Calcium chloride is the main ingredient used in the construction sector because of its unique properties. It is widely used as a concrete accelerator because it helps in speeding up the drying process of concrete. It becomes of high importance during the winter season as it helps in absorbing moisture and heating up the concrete to settle it fast. However, the ongoing infrastructure development all across the globe is one of the major factors in the growth of the global market.
The global calcium chloride (CaCl2) market size in terms of market volume was valued at USD 1300 million in 2022 and is predicted to surpass USD 1840 million by the end of 2023.
The global calcium chloride (CaCl2) market is expected to grow by a CAGR of 4.40%.
North America accounts for the largest share of the global calcium chloride market during the forecast period due to the increasing demand for drilling fluids and de-icing applications in the region. The region is the biggest market for the industry because of the extremely cold weather conditions in the area. Additionally, the fast-growing oil and gas sector in the region is further widening the scope of the calcium chloride industry in the region.
The key leaders in the global calcium chloride market include Zirax Ltd, Weifang Taize Chemical Industry Co. Ltd, Weifang Haibin Chemical Co. Ltd, Ward Chemicals, Tiger Calcium Services, Qingdao Huadong Calcium Producing Co. Ltd., Tangshan Sanyou Group Co., Ltd., Solvay S.A., B. J. Services, Tetra Technologies, Inc., and Occidental Petroleum Corp.
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