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Calcium Chloride is white colored crystalline solid with high water solubility. It is one of the versatile inorganic compound widely used in many industrial processes. The anhydrous form of the compound is hygroscopic in nature and hence s used as dessicant. It is also used as de-icing agent and remains active for longer time period. Liquid calcium chloride up to 35% is used along with rock salt for ice and snow control. It is also used in drilling fluids in oil & gas industry.
Increasing demand for calcium chloride for de-icing activities and dust-control is expected to drive the market growth. Moreover, high demand for drilling fluids from oil and gas sector is likely to boost the demand for calcium chloride. The increasing number of potential applications shall create positive impact on market.
However, excessive consumption of calcium chloride can cause serious health issues. Kidney stones, muscle spasms, irregular heartbeats, and joint pains. This is expected to hamper the market growth.
Key Market Driver -
Increasing demand for de-icing application.
Key Market Restraint -
Potential negative health effects.
Based on grade, the global calcium chloride market is segmented into food grade, pharmaceutical grade, agricultural grade, and industrial grade. Based on application, is segmented into de-icing & dust control, drilling fluids, agriculture, healthcare, construction, food & beverages, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global calcium chloride market consists of global & regional players operating. Some of the key players in the market include Sameer Chemicals, Sitara Chemical Industries Ltd, Nedmag Industries, Weifang Taize Chemical Industry Co. Ltd, Ward Chemical, Inc., Tiger Calcium Services Inc., Solvay S.A, Occidental Chemical Corporation, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for largest share in market and dominate the market during forecast period attributed to high demand for de-icing and drilling fluids application. Asia Pacific is estimated to experience substantial growth attributed to the large manufacturing base for calcium chloride in countries like China, Japan, and India. Europe is expected to witness significant growth attributed to increasing demand from pharmaceutical and medical sector. Latin America and Middle East & Africa is likely to exhibit moderate growth by the end of forecast period attributed to the high focus of regional governments on non-oil growth.
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