CHICAGO, Sept. 21, 2020 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets™, published by MarketsandMarkets™, the Calcium Formate Market size is expected to grow from USD 545 million in 2020 to USD 713 million by 2025, at a CAGR of 5.5% during the forecast period.
Browse and in-depth TOC on "Calcium Formate Market"
204 - Tables
54 - Figures
196 – Pages
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/calcium-formate-market-191530782.html
Calcium formate are used across industries, such as construction, leather & textile, power generation, animal husbandry and chemicals. In the Calcium Formate Market, construction is the key end-use industry owing to the wide applications of calcium formate as concrete setting, tile & stone additive, and others in this sector.
The industrial grade segment is the largest grade of calcium formate.
The Calcium Formate Market has been segmented based on grade into two types namely industrial grade and feed grade. Among the two grades, the industrial grade segment accounted for the largest share of the market in 2019 and is likely to witness a significant growth during the forecast period. The demand for industrial grade calcium formate is driven by its use in numerous applications such as cement & tile additive, flue gas desulfurization agent and feed additives. Moreover, increasing use of industrial grade calcium formate in feed, construction and chemical industries is driving the global Calcium Formate Market.
The concrete setting application is expected to register the highest CAGR in the global Calcium Formate Market during the forecast period.
The Calcium Formate Market has been segmented based on application into 7 categories namely feed additives, tile & stone additives, leather tanning, concrete setting, textile additives, drilling fluids and flue gas desulfurization. The concrete setting application segment of the Calcium Formate Market is rising rapidly due to the use of calcium formate as concrete accelerator, thus increasing the strength of the cement mortar. Calcium formate is used as a concrete additive to accelerate the solidification of the concrete i.e., it decreases the setting time and increases the rate of early strength growth.
The construction end-use industry is expected to register the highest CAGR in the global Calcium Formate Market during the forecast period.
The construction end-use industry segment is growing rapidly. This is due to the use of calcium formate as cement accelerator, production of concrete and cement based mortar, cement blocks & sheets, and other cement based products required in the construction industry. Calcium formate enhances the properties in cement such as increased hardness and less setting time, inhibition of corrosion of metal substrates and prevention of efflorescence. Thus, increasing consumption of cement in the construction industry is driving the market for calcium formate.
APAC is expected to hold the largest market share in the global Calcium Formate Market during the forecast period.
APAC is estimated to be the leading Calcium Formate Market during the forecast period. The growth in this region can be attributed to the rapidly increasing demand for calcium formate from the end-use industries, especially construction, leather & textile and animal husbandry. The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these calcium formate additives in the APAC and Europe.
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) are the leading calcium formate manufacturers, globally.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=191530782
Browse Adjacent Markets: Mining, Minerals and Metals Market Research Reports & Consulting
Formic Acid Market by Types (Grades of 85%, 94%, 99%, and others) by Application (Agriculture, Leather & Textile, Rubber, Chemical & Pharmaceuticals, & others) & by Geography - Global Trends, Forecasts to 2019
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/calcium-formate.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/calcium-formate-market.asp