Calcium Formate Market Size Expert and In-Depth Research Report During 2021-2028: Business Growth, Trend, Segmentation, consists of sales, Identify growth Size, Revenue and Industry Expansion Strategies

Calcium Formate Market

According to the most recent report by Emergen Research, the worldwide calcium formate market size is anticipated to reach USD 841.2 Million in 2028 at a consistent CAGR of 5.2%. Growing demand for calcium formate from the building & construction sector is responsible for the consistent revenue growth of the worldwide calcium formate market. In addition to increasing building strength, calcium formate is used to speed up cement setting, prevent condensation speed from slowing down in cold weather, and counteract these effects. Additionally, using calcium formate as an addition has no detrimental effects on the steel reinforcement.

Calcium formate is used to enhance the transmission of gas to airbags, which are safety devices installed in vehicles for the protection of the driver and passengers. The rise of the automotive industry is a key factor in driving market growth. Some of the major drivers propelling market expansion include the increasing focus on passenger safety by automakers and the effectiveness of calcium formate in strengthening airbags by improving the transference of gas to airbags.

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Some Key Highlights from the Report

Through its subsidiary, Mitsubishi Chemical America, Inc., the Mitsubishi Chemical Corporation stated in April 2020 that it has entered into a legally binding agreement to buy shares in Gelest Intermediate Holdings, Inc.

The building & construction, textile & leather, power generation, and chemicals industries are driving up demand for industrial grade calcium formate, which is boosting the industrial grade segment’s revenue growth.

Calcium formate is used as a masking agent in chrome leather tanning in the leather industry. The incorporation of calcium formate into tanning recipes promotes the quicker and more effective penetration of chrome into leather.

American Elements, Hangzhou Focus Chemical Co. Ltd., Gelest Inc., Lanxess AG, Zibo Ruibao Chemical Co. Ltd., Perstorp AB, Henan Botai Chemical Building Materials Co. Ltd., Sidley Chemical Co. Ltd., Geo Specialty Chemicals Inc., and Shandong Baoyuan Chemical Co. Ltd. are important market participants.

Emergen Research has segmented the global calcium formate market on the basis of type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)

  • Feed Grade
  • Industrial Grade

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Feed Additives
  • Concrete Setting
  • Tile & Stone Additives
  • Leather Tanning
  • Flue Gas Desulfurization
  • Textile Additives
  • Drilling Fluids
  • Others

Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)

  • Online
  • Offline

End-Use Outlook (Revenue, USD Billion; 2018–2028)

  • Building & Construction
  • Animal Husbandry
  • Leather & Textile
  • Energy & Power
  • Chemicals
  • Others

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Israel
    5. Rest of MEA

Find More Competitor in TOC with Profile Overview Share Growth Analysis @ https://www.emergenresearch.com/industry-report/calcium-formate-market

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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