The global calcium chloride market is highly consolidated with
leading share held by only three players. In 2015, TETRA Chemicals,
OxyChem, and B .J Services collectively held a lion’s share of
69.1% in the global market. These companies have consistently focused
on the expansion of production facilities, setting up businesses in
newer geographies, and widening their sales and distribution channels
to remain at leading positions. “Increasing production and
manufacturing products that are suited for various applications is
expected to the key strategy of these companies to march forward in
the coming years,” says the lead author of this research report.
According to the research report, the global calcium chloride market
is expected to be worth US$ 1.52 bn by 2024 as compared to US$ 1.04
bn in 2015, expanding at a CAGR 4.2% from 2016 to 2024.
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Asia
Pacific and North America Show Strong Presence in Global Market
In terms of regions, the global calcium chloride market is segmented
into North America, Europe, Asia Pacific, Latin America, and the
Middle East and Africa. Asia Pacific and North America hold a
significant share of the global market. By the end of 2024, North
America is expected to acquire a share of 46% in the global market.
The demand for calcium chloride for product development for water
treatment and several the applications is expected to provide an
incremental opportunity to the market in North America in the coming
years.
Calcium chloride is being applied in industries such as construction,
drilling fluids, dust control, de-icing, and industrial processing.
Of these, drilling fluids are expected to hold the highest share of
24.9% by the end of the forecast period. The soaring uptake of
calcium chloride in the production of completion fluids is
anticipated to contribute to the rising revenue of the segment.
Extensive
Usage of Calcium Chloride for Dust Control Bodes Well for Overall
Growth
The growing demand for calcium chloride is anticipated to remain
steady as it is the key chemical used for de-icing. The frequently
used de-icing agent is liquid calcium chloride of about 35% with rock
salt to ice and snow control. Thus, in countries such as the U.S.,
Japan, and Canada calcium chloride is extensively used for managing
the after-effects of heavy snowfall. Besides, de-icing, dust control
is yet another leading application of calcium chloride.
Known to retain moisture for exceptionally longer durations, calcium
chloride is used on unpaved road surfaces as a cost-effective dust
suppressant. The growing awareness about simple solutions for dust
control is expected to augment the demand for calcium chloride in the
coming years. The booming construction industry and the subsequently
rising demand for cement are also expected to propel the growth of
the global market. Calcium chloride is used as a concentrate
accelerator to speed up the curing rate of cement. It also helps in
reducing the alkali content in cement, which is known to prevent
cracking.
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Oversupply
of Substandard Material Could Hamper Revenue
As calcium chloride can be produced using multiple methods, it has
led to an oversupply of cheap material in the market. Thus, it has
reduced profit margins for several sellers to a significant extent.
The corrosive nature of calcium chloride is also expected to hamper
its sale in the coming years. As calcium chloride is hygroscopic, it
retains water from the air that can result in corrosion at lower
levels and cause extended periods of relative humidity.
This review is based on Transparency Market Research’s report,
titled “Calcium Chloride Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The
report segments the global calcium chloride market into:
Calcium
Chloride Market – Product Analysis
- Flakes 77%
- Flakes 94%
- Prills 94%
- Pellets 94%
- Liquid Grade
Calcium
Chloride Market – Application Analysis
- Deicing
- Dust Control
- Drilling Fluids
- Construction
- Industrial Processing
- Others (Including agrochemicals, food, tire ballast, etc.)
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