calcium formate Market Industry Revenue, Trends, Key Players, Growth, Share and Forecast Till 2028
The global calcium formate market size is expected to reach USD 841.2 Million at a steady CAGR of 5.2% in 2028, according to latest analysis by Emergen Research. Steady global calcium formate market revenue growth can be attributed to rising demand for calcium formate from the building & construction industry. Calcium formate finds application in enhancing the setting rate of cement and to prevent slowing down of condensation speed under low temperature, as well as to increase construction strength. Also, calcium formate as an additive, does not have any corrosive effect on steel reinforcement.
The Global calcium formate Market research study published by Reports and Data is an extensive collection of insightful information about the calcium formate industry. The report covers the calcium formate Market segmentation along with a detailed outline of the calcium formate market size with regards to volume and valuation. The report provides comprehensive coverage of the calcium formate market scenario for the current period and forecast timeline of 2020-2027. The calcium formate market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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The key companies studied in the report are:
Key players in the market include Geo Specialty Chemicals Inc., Lanxess AG, Zibo Ruibao Chemical Co. Ltd., Perstorp AB, Henan Botai Chemical Building Materials Co. Ltd., Sidley Chemical Co. Ltd., American Elements, Hangzhou Focus Chemical Co. Ltd., Gelest Inc., and Shandong Baoyuan Chemical Co. Ltd.
Factors influencing the growth of the calcium formate market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the calcium formate market. The report discusses in detail the positive and negative impact of the pandemic on the calcium formate industry. The supply chain disruptions and economic volatility have altered the dynamics of the calcium formate industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
Some Key Highlights From the Report
· In April 2020, Mitsubishi Chemical Corporation announced that it had signed a definitive agreement for the acquisition of shares of Gelest Intermediate Holdings, Inc., through its subsidiary company, Mitsubishi Chemical America, Inc.
· Rising demand for industrial grade calcium formate from building & construction, textile & leather, power generation, and chemicals industries is propelling revenue growth of the industrial grade segment.
· In the leather industry, calcium formate finds application as a masking agent in chrome leather tanning. Use of calcium formate in formulations for tanning helps in faster and more efficient penetration of chrome in leather.
· Calcium formate fluids is a highly efficient drilling fluid used in petroleum industries, particularly in shale fields, to reduce inefficiencies associated with drilling during operational performances.
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Emergen Research has segmented the global calcium formate market on the basis of type, application, end-use, and region:
· Type Outlook (Revenue, USD Billion; 2018–2028)
o Feed Grade
o Industrial Grade
· Application Outlook (Revenue, USD Billion; 2018–2028)
o Feed Additives
o Concrete Setting
o Tile & Stone Additives
o Leather Tanning
o Flue Gas Desulfurization
o Textile Additives
o Drilling Fluids
o Others
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