According to a new market research report published by Credence Research, Inc. “Calcium Formate Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global calcium formate market was valued at US$ 349.09 Mn in 2016, and is expected to each US$ 557.88 Mn by 2025, expanding at a CAGR of 5.8% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Calcium Formate, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Calcium formate refers to a calcium salt popularly used in concrete, leather tanning and formic acid production. It is non-hygroscopic and is less toxic in nature. It helps to recovers water stability, pliability and homogeneity. Calcium formate is extensively used as a masking agent for the chrome burning process in the leather industry. Additionally, calcium formate is used as an accelerator for strengthening and setting of concrete. Calcium formate market is majorly driven by cement and all kinds of concrete industry, due to its unique property to increase the cement hardening speed. The global market for calcium foramte is expected to witness the significant growth throughout the forecast period with its increasing demand from end-use industries.
Asia Pacific is the largest as well as fastest growing market for calcium formate in forecast period, due to the presence of huge leather and construction industry. Subsequently, the demand for calcium formate here is projected to remain strong throughout the forecast period. Asia Pacific is also the largest producer of calcium formate, thereby supporting the market growth. The European Union had banned antibiotic growth promoters in 2006, triggering the demand for calcium formate. As a result, consumption of calcium formate in silage salvation and animal feeds has risen significantly in Europe. Large markets of leather and tanning is from Central and South America, Africa, the Middle East, India, and Europe (Italy, Spain, and France).
Some of the major companies operating in the market include Chongqing Chuandong Chemical (Group) Co., Ltd., Feicheng Acid Chemical Co., Ltd., GEO Specialty Chemicals, Hangzhou Focus Chemical Co., Ltd., Hubei Hengxin Chemical Co., Ltd., Jiangsu Ruiyang Chemical Co., Ltd., LANXESS AG, Perstorp Holding AB, PuYang YongAn Chemical Co., Ltd. (YACC), Shandong Baoyuan Chemical Co., Ltd., Shandong Xinruida Chemical Industry Co., Ltd., Zibo Ruibao Chemical Co., Ltd. and Zouping Fenlian Chemical Co., Ltd.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Calcium Formate buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Calcium Formate contains:
Analysis and forecast of Calcium Formate market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Calcium Formate market;
Assessment and forecast of Calcium Formate market development;
Financial and business profiles of the leading companies in the Calcium Formate industry.
– Up to date working Calcium Formate data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Calcium Formate for the period 2018 to 2026
– Planned Calcium Formate additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Calcium Formate projects by region, key countries, and companies
– Details of major planned Calcium Formate projects in the world up to 2026
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