The global calcium formate market size is estimated to grow from USD 545 million in 2020 to USD 713 million by 2025, at a CAGR of 5.5% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application areas of calcium formate ranging from leather and textile to the construction industry. Increasing demand from APAC will further drive the growth of the global calcium formate market.
Browse 204 market data Tables and 54 Figures spread through 196 Pages and in-depth TOC on "Calcium Formate Market by Grade, Application ( Feed Additives, Tile & Stone Additives, Concrete Setting, Leather Tanning, Drilling Fluids, Textile Additives, Flue gas desulfurization), End-use Industry, and Region - Global Forecast to 2025"
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Calcium Formate Market Key Players
Lanxess (Germany), Perstorp (Sweden), Chongqing Chuandong Chemical (Group) Co. Ltd. (China), Geo Specialty Chemical Inc.(Ohio), and Zibo Ruibao Chemical Co. Ltd. (China), American Elements (US), Henan Botai Chemical Building Material Co. Ltd. (China), Shandong Baoyuan Chemical Co. Ltd. (China), Jiangxi Kosin Organic Chemical Co. Ltd (China) and Sidley Chemical Co. Ltd (China) among others are the leading calcium formate manufacturers, globally. These companies adopted expansion, new product development, joint venture, and merger & acquisition as their key growth strategies between 2017 and 2020 to earn a competitive advantage in the calcium formate market.
Lanxess (Germany) is the largest player in the market. In February 2020, LANXESS completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL). With the acquisition, LANXESS is strengthening its position as one of the world’s leading manufacturers of antimicrobial active ingredients and formulations. In November 2019, PMC Group acquires of Lanxess’ Organotin Specialties Business Assets. The Business included Lanxess’ global organotin catalyst, organotin specialties and intermediates product lines.
Perstorp (Sweden) is ranked second in the calcium formate market. In November 2019, Perstorp, invested in the construction of a new Pentaerythritol (Penta) production facility in Gujarat, India. The Gujarat plant will produce Penta, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint. Commercial production is planned to start in Q1 2022. Also, in July 2019, ProPhorce Valerins is the latest innovation by Perstorp in the field of animal nutrition. It consists of glycerol esters of valeric acid. Research have shown that this product significantly improves broiler performance even when compared to industry standards such as butyric acid.
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Recent Developments
- In February 2020, LANXESS completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL). With the acquisition, LANXESS is strengthening its position as one of the world’s leading manufacturers of antimicrobial active ingredients and formulations.
- In November 2019, PMC Group acquires of Lanxess’ Organotin Specialties Business Assets. The Business included Lanxess’ global organotin catalyst, organotin specialties and intermediates product lines.
- In November 2019, Perstorp, invested in the construction of a new Pentaerythritol (Penta) production facility in Gujarat, India. The Gujarat plant will produce Penta, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint. Commercial production is planned to start in Q1 2022.
- In July 2019, ProPhorce™ Valerins is the latest innovation by Perstorp in the field of animal nutrition. It consists of glycerol esters of valeric acid. Research have shown that this product significantly improves broiler performance even when compared to industry standards such as butyric acid
- In January 2019, Perstorp reshaped the organization with the three new Business Areas; Specialty Polyols & Solutions, Advanced Chemicals and Animal Nutrition. The main objective for the re-organization is to better address customer demands for supply reliability and focused innovation.
Calcium Formate Market Segments
Calcium Formate Market by Grade
- Industrial Grade
- Feed Grade
Calcium Formate Market by Application
- Feed Additives
- Tile & Stone Additives
- Concrete Setting
- Leather Tanning
- Drilling Fluids
- Textile Additives
- Flue Gas Desulfurization
- Others
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Calcium Formate Market by End-Use Industry
- Construction
- Leather & Textile
- Animal Husbandry
- Chemicals
- Power Generation
- Others
Calcium Formate Market by Region
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
The report provides insights on the following pointers:
- Market Penetration:Comprehensive information on the product portfolios of the top players in the calcium formate market.
- Product Development/Innovation:Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development:Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the calcium formate market.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
FIGURE 1 CALCIUM FORMATE MARKET SEGMENTATION
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 32)
2.1 RESEARCH DATA
FIGURE 2 CALCIUM FORMATE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 SUPPLY-SIDE ANALYSIS
FIGURE 3 MARKET NUMBER ESTIMATION
2.2.2 MARKET NUMBER ESTIMATION
2.2.3 FORECAST
2.3 DATA TRIANGULATION
FIGURE 4 CALCIUM FORMATE MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
FIGURE 5 CONSTRUCTION INDUSTRY LED THE CALCIUM FORMATE MARKET IN 2019
FIGURE 6 INDUSTRIAL GRADE DOMINATED THE CALCIUM FORMATE MARKET IN 2019
FIGURE 7 CONCRETE WITNESSED HIGHEST GROWTH IN 2019
FIGURE 8 APAC TO BE THE FASTEST-GROWING CALCIUM FORMATE MARKET
Continued...
