The global calcium formate market size is expected to reach USD 841.2 Million at a steady CAGR of 5.2% in 2028. Steady global calcium formate market revenue growth can be attributed to rising demand for calcium formate from the building & construction industry. Calcium formate finds application in enhancing the setting rate of cement and to prevent slowing down of condensation speed under low temperature, as well as to increase construction strength. Also, calcium formate as an additive, does not have any corrosive effect on steel reinforcement.
Growth in the automotive industry is playing a crucial role in boosting market growth, and calcium formate is used to improve the transference of gas to airbags is safety systems deployed for passenger and driver safety in vehicles. Growing emphasis on passenger safety by automotive manufacturers and calcium formate efficiency in enhancing airbags by improving the transference of gas to airbags are some key factors driving market growth.
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The latest research report by Emergen Research, named ‘Global Calcium Formate Market – Forecast to 2028’, entails a comprehensive review of the global Calcium Formate Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
Key players in the market include Geo Specialty Chemicals Inc., Lanxess AG, Zibo Ruibao Chemical Co. Ltd., Perstorp AB, Henan Botai Chemical Building Materials Co. Ltd., Sidley Chemical Co. Ltd., American Elements, Hangzhou Focus Chemical Co. Ltd., Gelest Inc., and Shandong Baoyuan Chemical Co. Ltd.
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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
Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Calcium Formate Market.
The report marks the notable developments that have recently taken place in the Calcium Formate Market industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Calcium Formate Market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Regional Overview:
The global Calcium Formate market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Calcium Formate market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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