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Global Calcium Formate Market Size, Share, Trends, Growth: By Grade: Feed Grade, Industrial Grade; By Application: Feed Additive, Leather Tanning, Textile Additive, Concrete-Setting Accelerators, Flue Gas Desulphurisation, Drilling Fluids, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Calcium Formate Market Outlook
The global calcium formate industry reached a value of USD 624.04 million in 2023. The industry is further expected to grow at a CAGR of 5.2% in the forecast period of 2024-2032 to reach a value of USD 988.15 million by 2032.
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Asia Pacific to be Among the Leading Regions for Calcium Formate
Asia Pacific is among the leading markets for the global calcium formate industry. Asia Pacific region accounted for the highest share of the calcium formate market in 2020. Drivers such as the rapidly increasing consumption of calcium formate in the construction, chemicals, leather and textile, and animal husbandry industries in countries including India, Japan, China, and South Korea have led to a robust demand for calcium formate in the Asia Pacific region. Europe is expected to witness notable growth in the calcium formate industry. The rising demand from the feed industry contributes to the growth of the market in the region. Additionally, the use of calcium methanoate in various applications of the construction industry is another key factor driving the market growth in Europe.
Calcium Formate: Market Segmentation
Calcium formate is used as a cement additive in the construction industry for fast setting and increasing hardness of cement products. Calcium formate is utilized as PH regulator, inhibitor corrosion defender to substratum of buildings and infrastructure, and for cementation of oil drilling.
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Calcium formate can be divided on the basis of grade into:
- Feed Grade
- Industrial Grade
On the basis of application, calcium formate can be segmented into:
- Feed Additive
- Leather Tanning
- Textile Additive
- Concrete-Setting Accelerators
- Flue Gas Desulphurisation
- Drilling Fluids
- Others
The regional markets for calcium formate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Construction Industry is Boosting the Global Calcium Formate Industry
Adoption of calcium formate within the manufacturing and processing industries has gained an interesting uptick in recent years, as a perfect additive to stymie corrosion in wire casting and moulding operations. Advancements within the animal nutrition industry has meant that the demand for effective feed additives to realize superior conversion rate is on the increase. The main target on passenger safety because the top priority among automakers, and therefore the efficiency of calcium formate in boosting functionality of airbags, have collectively favoured the market growth in recent years. As governments throughout the world take measures to phase outgrowth-boosting antibiotics to make sure animal welfare safety, feed manufacturers are including calcium formate as a preservative to lower the pH level and enhance the gut health in animals.
Key Industry Players in the Global Calcium Formate Market
The report gives a detailed analysis of the following key players in the global calcium formate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Lanxess AG
- Huanghua Pengfa Chemical Co., Ltd
- Perstorp Holding AB
- GEO Speciality Chemicals, Inc
- Shandong Baoyuan Chemicals Co., Ltd
- Jiangxi Kosin Frontier Technology Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Calcium Formate Market Analysis
8.1 Key Industry Highlights
8.2 Global Calcium Formate Historical Market (2018-2023)
8.3 Global Calcium Formate Market Forecast (2024-2032)
8.4 Global Calcium Formate Market by Grade
8.4.1 Feed Grade
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Industrial Grade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Calcium Formate Market by Application
8.5.1 Feed Additive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Leather Tanning
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Textile Additive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Concrete-Setting Accelerators
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Flue Gas Desulphurisation
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Drilling Fluids
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Calcium Formate Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Lanxess AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Huanghua Pengfa Chemical Co., Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Perstorp Holding AB
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 GEO Specialty Chemicals, Inc
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Shandong Baoyuan Chemicals Co., Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Jiangxi Kosin Frontier Technology Co., Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Calcium Formate Market: Key Industry Highlights, 2018 and 2032
2. Global Calcium Formate Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Calcium Formate Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Calcium Formate Historical Market: Breakup by Grade (USD Million), 2018-2023
5. Global Calcium Formate Market Forecast: Breakup by Grade (USD Million), 2024-2032
6. Global Calcium Formate Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Calcium Formate Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Calcium Formate Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Calcium Formate Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Calcium Formate Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Calcium Formate Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Calcium Formate Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Calcium Formate Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Calcium Formate Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Calcium Formate Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Calcium Formate Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Calcium Formate Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Calcium Formate Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Calcium Formate Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast (2018-2028)
21. Europe Historical Price Trends and Forecast (2018-2028)
22. Asia Pacific Historical Price Trends and Forecast (2018-2028)
23. Latin America Historical Price Trends and Forecast (2018-2028)
24. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
25. Global Calcium Formate Market Structure
Key Questions Answered in the Report
In 2023, the global calcium formate market attained a value of nearly USD 624.04 million.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 988.15 million by 2032.
The major drivers of the market include the growing construction industry, rising demand from the downstream industries, and rising production of automotive components.
The rising adoption of calcium formate within the manufacturing and processing industries is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of calcium formate in the industry are feed grade and industrial grade.
The significant application segments in the market are feed additive, lather tanning, textile additive, concrete-setting accelerators, flue gas desulphurisation, and drilling fluids, among others.
The major players in the industry are Lanxness AG, Huanghua Pengfa Chemical Co. Ltd., Perstop Holding AB, GEO Speciality Chemicals Inc., Shandong Baoyuan Chemicals Co. Ltd., and Jiangxi Kosin Frontier Technology Co. Ltd., among others.
Analyst Review
The global calcium formate market attained a value of USD 624.04 million in 2023, driven by the growing construction industry. Aided by the growing adoption of calcium formate within the manufacturing and processing industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.2%. The market is projected to reach USD 988.15 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By grade, the market is divided into feed grade and industrial grade. Based on application, the industry can be segmented into feed additive, leather tanning, textile additive, concrete-setting accelerators, flue gas desulfurization, drilling fluids, and others. The major regional markets for calcium formate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Lanxness AG, Huanghua Pengfa Chemical Co. Ltd., Perstop Holding AB, GEO Speciality Chemicals Inc., Shandong Baoyuan Chemicals Co. Ltd., Jiangxi Kosin Frontier Technology Co. Ltd., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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