The global calcium chloride market is projected to grow at a CAGR of 4.80% to reach US$1,635.344 million by 2024, from US$1,234.341 million in 2018. Calcium chloride is a versatile chemical that is utilized in many industries and applications that includes, de-icing, dust control, chemical heating, animal feed and tire weighting among others. The demand for this salt is majorly driven from North America and Europe region since it is widely used on roads and highways as a de-icing agent due to its hygroscopic nature.
Burgeoning consumption of this salt across industries such as mining, automotive, construction is driving the market growth. Thus, the market is expected to grow at a substantial rate on account of good growth of automotive and construction industries in both developed and developing regions. Increased focus towards building infrastructure is expected to bolster the demand for calcium chloride in the upcoming years.
The burgeoning use of this salt across industries.
High demand in regions with heavy snowfall.
Availability of substitutes
In May 2017, TCI Sanmar planned to increase their investment to USD 1.5 billion in order to produce 135,000 metric tonnes of calcium chloride.
In March 2016, Banner Chemicals and TETRA Chemicals Europe announced distribution agreement for liquid Calcium Chloride.
The major players profiled in the global calcium chloride market include Occidental Petroleum Corporation, TETRA Technologies, Inc., Solvay, Tiger Calcium, Ward Chemical Ltd., Nedmag B.V., Zirax Limited, and Auro Chemical, and the Sanmar Group.
The global calcium chloride market has been analyzed through the following segments:
Waste Water Treatment
Middle East and Africa