H1 2023: Calcium Formate prices fell in the Asian market during the first three months of 2023, due to low purchasing activity and huge product inventories. The Calcium Formate's low prices reflected lackluster trading and poor purchase activity in Asia. The downstream construction industry's demand for Calcium Formate remained hazy with no significant improvement even after the Lunar New Year vacation in China. Fearing oversupply situation in China, the primary Calcium Formate production sites slowed production in March 2023. Adequate supplies and minimal market exchange activities also had an impact on net revenue and sales among the major production units of China. Prices in China hiked in April and then declined by the end of the same month. The downstream demand looked hazy till June in China. In terms of supply, the market fundamentals remain impacted, with supply outweighing interest in the Chinese market. In the US market, the price dynamics of calcium formate were hazy during H1 2023 due to sluggish demand from the construction, and leather tanning industries. Feedstock prices were stable which affected the entire production cost of calcium formate in the US. A downturn in the pricing trend, a drop in lending rates and a lack of buying enthusiasm substantially inhibited the usage by the downstream industries.
The global Calcium Formate market stood at approximately 535 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.9% during the forecast period until 2032.
Calcium formate is a calcium salt of formic acid that can be synthesized from calcium hydroxide and carbon monoxide or created as a byproduct of the manufacturing of trimethylolpropane. The reaction of dilute formic acid with calcium carbonate or calcium hydroxide is the most commonly used production process. This process yields a high-quality, low-water-content insoluble product. Calcium formate is used to make additives, concrete accelerators, tile adhesives, and cement-based mortars. Calcium formate is used as a cement preservative in the construction industry to speed up the placing process and increase the hardness of cement. Aside from being utilised as a corrosion inhibitor and pH regulator, calcium formate is also used in the construction and protection of infrastructural substrates, as well as in oil drilling. In the leather industry, calcium formate is used as a pickling agent to remove hair and other impurities from animal skins. It also aids in the preservation and softening of the leather. Calcium formate is also used in animal feed, particularly for swine and poultry. Feed is added to meals to help them grow and stay healthy.
Calcium formate is widely utilised in the production of tile adhesives, concrete accelerators, and additives, making the construction industry a key contributor to market growth in the future. Calcium formate demand in the building industry rises as cement usage rises. Calcium formate is predicted to be in high demand as an animal feed additive in the coming years. This can be linked to numerous countries throughout the world enacting health-improving regulations for animal feed. The global Calcium Formate market is anticipated to increase favorably as a result of these reasons and reach 840 thousand tonnes by 2032.
Asia Pacific region dominates the worldwide Calcium Formate market. The constantly rising use of calcium formate as a cement additive, combined with its rapidly expanding use as a significant ingredient in various types of putties, adhesives sealants, and so on, is expected to fuel the region's calcium formate market expansion during the projection period. Furthermore, the expansion of the chemical, leather, textile, and animal husbandry industries in nations such as India, Japan, China, and South Korea has boosted demand for the material in the Asia Pacific area. Europe is also a prominent consumer of Calcium Formate. Furthermore, due to growing disposable income, Europe’s consumption of Calcium Formate will most likely grow significantly in the future years. Furthermore, sustained expansion in the animal feed industry and an increase in new construction projects are likely to contribute to market growth. Another factor driving market expansion in Europe is the widespread usage of calcium formate in the leather tanning sector.
Based on grade, The Calcium Formate market is divided into Feed Grade and Industrial Grade. The industrial grade, is used as a cement and tile additive, flue-gas desulfurization agent, de-icing agent, feed additive, and glue and sealant. The global market is likely to be driven by rising demand for industrial grade from the building and chemical industries. Similarly, feed grade is predicted to drive market growth due to the increased use of calcium formate as feed additives.
Based on the end-user industry, the global Calcium Formate market is segmented into Construction, Animal Feed, Leather Industry, Chemical Industry, and Others. However, the construction industry is the market leader, accounting for over 45% of the worldwide Calcium Formate market in 2022. Calcium Formate demand is linked to infrastructure expansion and the demand is expected to rise as infrastructure spending such as building roads, bridges, buildings, and other structures increases in the upcoming years.
Major players in the Global Calcium Formate market are ANXESS, Perstorp, American Elements, EO Specialty Chemicals, Henan Botai Chemical Building Materials Company Ltd., Zibo Ruibao Chemical Co., Ltd., Shandong Baoyuan Chemical Co., Ltd., Jiangxi Kosin Organic Chemical, Sidley Chemical Co., Ltd., Chongqing Chuandong Chemical (Group) Co., Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Calcium Formate which covers production, demand and supply of Calcium Formate market in the globe.
• To analyse and forecast the market size of Calcium Formate
• To classify and forecast Global Calcium Formate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Calcium Formate market in the globe.
To extract data for Global Calcium Formate market, primary research surveys were conducted with Calcium Formate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Calcium Formate market over the coming years.
ChemAnalyst calculated Calcium Formate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Calcium Formate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Calcium Formate manufacturers and other stakeholders
• Organizations, forums and alliances related to Calcium Formate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Calcium Formate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Calcium Formate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
535 thousand tonnes
Market size Volume in 2032
840 thousand tonnes
Growth Rate
CAGR of 4.9% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Construction, Animal Feed, Leather Industry, Chemical Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Calcium Formate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Calcium Formate.
3. Capacity By Location
To better understand the regional supply of Calcium Formate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Calcium Formate by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Construction, Animal Feed, Leather Industry, Chemical Industry, Others) are creating a market and the forecast for the growth of the Calcium Formate market.
7. Demand by Grade
Learn about the various grades of Calcium Formate Feed Grade and Industrial Grade, and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
8. Demand by Region
Analyzing the change in demand of Calcium Formate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Calcium Formate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Calcium Formate.
11. Company Share
Figure out what proportion of the market share of Calcium Formate is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Calcium Formate.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was global market size of Calcium Formate in terms of volume in 2022?
Ans:
The global market size of Calcium Formate has reached approximately 535 thousand tonnes in 2022.
Q2.
Which industry is leading as a consumer of Calcium Formate?
Ans:
Flavor & Fragrances industry is the leading consumer of Calcium Formate, which consumed roughly 40% of the global Calcium Formate market in 2022.
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