Report Code: A09004 | Nov 2023 | Pages: NA | ||
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Request Now !Calcium formate is an odorless, calcium salt of formic acid (HCOOH), with chemical formula Ca (HCOO)2. It is a pure white crystalline, which flows freely. It is used for reinforcing/strengthening and plastering of concrete as it increases the speed of settling of concrete. In addition, it is a great source of calcium and builds the ions together that evaporate and react with aqueous solution. Calcium formate is quickly replacing calcium chloride as an accelerator in the construction industry due to its key features such as corrosion resistance to steel and improving strength of cement mortar. The calcium formate market is mainly driven by cement and concrete industries. Therefore, calcium formate as an accelerator in concrete applications reduces the time to set up, works well at low temperatures, and protects metals from corrosion. In addition, calcium formate has the potential for increased hydration; therefore, it makes the concrete base strong and enables to reduce time by strengthening it at an early stage.Â
Calcium is highly adopted in the cement industry, chemicals, fabrics, and for skin smoothing. The demand for pet diet applications has increased due to the need for healthy, nutritious food products that are beneficial to animal health. Therefore, increase in demand for chicken and other poultry products leads to increased demand for calcium formate, which is used in the manufacturing of chicken and poultry products. The calcium formate market also witnesses huge demand from the construction industry as it is used in the cement & concrete industry. Increased applications in manufacturing and processing industries are also presenting positive impact on the calcium formate market.Â
Restraints of this market are fluctuating prices of raw materials required for the production, high production cost due to low efficiency, and high energy required for the manufacturing process. Asia-Pacific is the major contributor to the calcium formate market due to expansion of construction activities in developing countries such as India and China. The rapidly growing construction sector is becoming an opportunity of growth for the calcium formate market.
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Calcium Formate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | LANXESS AG, Zibo Ruibao Chemicals Co., Geo Speciality Chemicals, Chongqing Chuandong Chemical Company Limited, Zouping Fenlian Chemical Company, Shandong Xinruida Chemical Industry |
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