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Calcium Formate Market

Calcium Formate Market

Calcium Formate Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029

Calcium Formate Market
FACT3006MR

Calcium Formate Market in Numbers:

  • Global calcium formate market registered a CAGR of nearly 4.0% between the period 2014 and 2018.
  • Sales of calcium formate closed in on US$ 1,500 Mn in 2018 and are estimated to grow at a Y-o-Y growth at over 4% in 2019.
  • East Asia will continue to be the high growth and high value market for calcium formate, with sales estimated in excess of US$ 530 Mn in 2018. Well-established leather industry, where demand for calcium formate is robust as an additive to promote speedy and efficient penetration of chrome in leather, is a key contributor to East Asia’s lead in the calcium formate market
  • Lucrativeness of the food additive and silage treatment industry for calcium formate manufacturers is here to stay, with sales in 2018 estimated close to US$ 490 Mn.

calcium formate market snapshot

Calcium Formate Market – Competitive Landscape

The calcium formate market remains highly fragmented in nature, with significant barriers to new entrants. While new product developments and launches remain key strategies of leading players, the focus also remains strong on collaborations with mid-sized industries to materialize their long-term manufacturing and distribution goals.

Leading players have a robust occupancy and distribution in developed as well as developing markets, collectively accounting for approximately 40% calcium formate sales. The strategies employed by leading players continue to contradict the ones put in action by mid-level players.

‘Buy and build’ remains a key strategy for the market leaders, as their efforts are geared towards strengthening their global footprint with the help of sound infrastructures and streamlined distribution. These players cater to niche applications in key industry sectors including electronics, construction, coatings, oil and gas, rubber, and water treatment.calcium formate market overview

 

What are the Key Growth Drivers of Calcium Formate Market?

  • Calcium formate has been fast replacing calcium chloride as a setting-accelerator in the construction industry, in light if its key attributes such as preventing corrosion in steel reinforcements, enhancing strength of cement mortar. This, coupled with the notable rise in the construction and infrastructure development activities in developing economies, continues to sustain the demand for calcium formate.
  • Adoption of calcium formate in the manufacturing and processing industries has gained a remarkable uptick in recent years, as an ideal additive to stymie corrosion in wire casting and molding operations.
  • Advancements in the animal nutrition industry has meant that the demand for effective feed additives to achieve superior conversion rate is on the rise, which has reflected on the adoption of calcium formate as an additive in feed pre-mixes, to enhance their metabolism and digestive health.
  • Demand for calcium formate has also gained a significant momentum among automakers, as the compound enhances the conveyance of gas to airbags when blended with ammonium nitrate. The focus on passenger safety as the top priority among automakers, and the efficiency of calcium formate in boosting functionality of airbags, have collectively favored the market growth in recent years.
  • As governments across the globe take measures to phase outgrowth-boosting antibiotics to ensure animal welfare safety, feed manufacturers are including calcium formate as a preservative to lower the pH level and enhance the gut health in animals.

calcium formate market regional analysis

What are the Key Challenges Encountered by Stakeholders Operating in Calcium Formate Market?

  • Volatility in the prices of raw materials, namely, formic acid and calcium carbonate, used for the production of calcium formate, remains a key challenge for manufacturers, apart from the issues ascending from high energy consumption and low process efficiency that sum up to a hefty production cost. This has further led manufacturers to look for effective alternatives to cut down production cost and improve profit margins.
  • Growing cognizance pertaining to the superior efficiency of calcium chloride in accelerating the settling time of Pozzolanic and Portland cement has been impacting the sales of calcium formate in the construction industry.

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Opportunities Abound in Animal Feed and Silage Treatment Industry

The study reveals that the demand for calcium formate in animal feed and silage treatment industry is anticipated to witness a remarkable rise, as governments of numerous countries implement regulations on health enhancers used in animal feed. The need for nutrition-rich feed that benefit the digestive health of animals has influenced the adoption of additives and preservatives to achieve healthy growth of livestock.

Additionally, growing consumption rate of meat and poultry products, which has proliferated demand for livestock, continues to create lucrative opportunities for the calcium formate manufacturers.

According to the study, calcium formate sales in the animal feed and silage treatment industry will register a CAGR of over 4% through 2029.

Research Methodology

This incisive Fact.MR report provides crucial information and comprehendible intelligence of the calcium formate market. A systematic approach is employed to carry out an in-depth analysis of the key drivers, restraints, opportunities, and threats governing the growth of calcium formate market between the period 2019 and 2029.

calcium formate market segmentation

For gaining comprehensive information of the historical and current growth parameters of the calcium formate market, primary and secondary research has been conducted. The secondary research contains the study of trade journals, press releases, company annual reports, paid resources, and other publications, while the primary research involves data culled by interviewing industry and market heads.

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Dominant Countries Are USA, Asia-Pacific, Japan, China And The Middle East And Africa
Technology Industry Drives Most Demand For Global Market

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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