The calcium chloride market is expected to grow at a compound annual growth rate of 4.47% over the forecast period to reach a market size of US$1,767.597 million in 2026. Calcium Chloride, whose chemical formula is CaCl2, is an inorganic salt that is white and solid at room temperature and is highly soluble in water.
Calcium chloride, in general, is a hydrated solid, used primarily for de-icing and dust control. It is also used for laboratory and related drying operations and dried calcium chloride can be re-used. Calcium chloride is extracted from limestone, as a by-product of the Solvay process. In the US, however, it is also obtained from brine. Calcium chloride is also used as food additives and in water treatment plants for the purification of water.
However, this chemical does have some health hazards associated with it, if not scrutinized properly. If inhaled or comes in eye contact, it may lead to burns and dryness. Skin irritation and dryness are other effects.
By form, the calcium chloride market is segmented into Flakes, powder, pellets, and solution. By Application, the market is segmented as De-icing, Dust Control, Fluid Drilling, Concrete Additive, Waste Water Treatment, and others. Based on geography, the market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions.
De-Icing and Dust Control application of calcium chloride to grow at a noteworthy rate
Calcium chloride salt helps in depressing the freezing point of water, resulting in de-icing of water. Further, it is harmless to plants and soil, as it does not interfere with plant growth or soil nutrients. Owing to these features, calcium chloride is widely used in agriculture to prevent icing on plants, in cold weather areas. Road surfacing is the second-largest application of this chemical compound. Calcium chloride helps in suppressing the formation of dust, hence clearing the roads. Therefore, the de-icing and dust control applications of calcium chloride are anticipated to grow at a significant rate during the forecasted period.
Calcium chloride is also widely used in water treatment plants for the cleansing and purification of wastewater. This application will boost the market. However, substitutes may drive away from the demand.
North American Region is to hold a significant market share
The North American region is predicted to hold a significant market share during the forecasted period owing to the weather conditions that prevail. De-icing is the prime application of calcium chloride in the region. Severe winter in North America employs calcium chloride to get rid of the ice that gets deposited on roofs, roads, and other areas. The region’s calcium chloride consumption, by volume, was 1,8 million tons in the year 2019.
Covid pandemic and Calcium chloride industry
The coronavirus pandemic had a positive effect on the Calcium chloride industry. Nationwide lockdown resulted in the restriction of movements, confining people to their homes. This resulted in the increased use of calcium chloride in private swimming pools and the treatment of wastewater.
|Market size value in 2026||US$1,767.597 million|
|Growth Rate||CAGR of 4.47% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Form, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Tetra Technologies Inc., Occidental Petroleum Corporations, Solvay S.A., Tiger Calcium, Ward Chemical Ltd., Nedmeg B.V., Zirax Limited, Auro Chemical, The Sanmae Group|
|Customization scope||Free report customization with purchase.|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for calcium chloride market?
A1. The global calcium chloride market is expected to grow at a CAGR of 4.47% during the forecast period.
Q2. What will be the calcium chloride market size by 2026?
A2. The calcium chloride market is expected to reach a market size of US$1,767.597 million by 2026.
Q3. How is the global calcium chloride market segmented?
A3. Calcium Chloride market has been segmented by form, application, and geography.
Q4. Which region holds the maximum market share in the calcium chloride market?
A4. The North American region is predicted to hold a significant share in the calcium chloride market owing to the weather conditions that prevail.
Q5. Who are the major players in the calcium chloride market?
A5. Prominent key market players in the calcium chloride market include Tetra Technologies Inc., Occidental Petroleum Corporations, Solvay S.A., Tiger Calcium, Ward Chemical Ltd., among others.