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Calcium Formate Market By Application (Leather Tanning, Cement Additive, Silage Treatment, Gas Generation, Flue-Gas Desulfurization, Animal Feed Additive) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

The formate market is estimated to grow with a CAGR of 4.5% from 2017 to 2025. The most prominent factor fueling calcium formate growth is the steadily growing leather industry across the world. Calcium formate is widely used for masking in the chrome-tanning process across the leather industry. Combining calcium formate with the tannage formulation is used to promote more efficient penetration of chrome in leather. Thus, with the consistently rising demand for leather products, the overall calcium formate market is set to register robust growth in the following years.

The construction industry is another major application of calcium formate. Calcium formate helps to increase the mechanical strength of cement-based mixtures. Additionally, calcium formate increases the speed of the formation of tricalcium aluminate and silicate, which further reduces the setting time of concrete and improves hardening. The steadily growing construction sector, especially in the Asia Pacific region, is estimated to continue driving the calcium formate market over the forecast period. Other major applications of calcium formate include building and construction materials, adhesives and sealants, anti-freeze and deicing products, floor coverings, laundry, and dishwashing products.

The report titled "Global Calcium Formate Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global calcium formate industry along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on calcium formate market size, application, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, trends, restraints, and opportunities. The report incorporates a separate section highlighting key trends in the overall calcium formate market.

The report also includes profiles of the leading calcium formate manufacturers, their business strategies, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are 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 Baoyuan Baoyuan Chemical Co., Ltd. Further; the report also covers the market positioning of the key players operating in the calcium formate market. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the calcium formate industry
  • Market drivers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global calcium formate market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on the application, the global calcium formate market is segmented as follows:

  • Leather Tanning
  • Cement Additive
  • Silage Treatment
  • Gas Generation
  • Flue-gas Desulfurization
  • Animal Feed Additive
  • Others (for example, a deicing agent)

In 2016, leather tanning and cement additives accounted for nearly 46% of the total market, followed by the silage treatment segment. Calcium formate is used in cement and all kinds of concrete in order to improve cement hardening speed and shorten the setting time. Because of the consistently rising construction and leather industries around the world, these two segments will continue to dominate the market in the coming years. The animal feed additive segment is set to witness the highest growth rate during the forecast period of 2017–2025.

For the purpose of this study, the global calcium formate market is categorized into the following geographies and sub-geographies:

  • North America (United States and Canada)
  • Europe (U.K., Germany, rest of Europe)
  • Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Asia-Pacific)
  • The Middle East and Africa (GCC and the Rest of the Middle East and Africa)

Asia Pacific had the largest market, accounting for approximately 47.96% of the global share, followed by Europe, accounting for approximately 30% of the market share. The rising construction industry in countries such as China and India is the major factor driving the calcium formate market's growth. Asia Pacific is the largest producer of calcium formate, thereby governing the market trends. In Europe, the increasing use of calcium formate in diverse arenas such as cement, leather tanning, and animal feed additives is another factor fueling the calcium formate market's growth. Leather and tanning applications had the largest market share in Central and South America, Africa, the Middle East, India, and Europe.

Frequently Asked Question:

The market for Calcium Formate Market is expected to reach USD$ 557.88 Mn in 2025.

The Calcium Formate Market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Feicheng Acid Chemical Co., Ltd., GEO Specialty Chemicals, Hangzhou Focus Chemical Co., Ltd., Hubei Hengxin Chemical Co., Ltd., Jiangsu Ruiyang Chemical Co.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2017
Category:  Chemicals
Report ID:   58598
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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