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Austin, TX, USA, March 19, (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Calcium Formate Market Size, Trends and Insights By Grade (Feed Grade, Industrial Grade), By Application (Feed Additive, Concrete Additive, Textile Dyeing & Finishing, Other), By End Use (Construction, Leather & Textile, Animal Husbandry, Power Generation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast –” in its research database.
“According to the latest research study, the demand of global Calcium Formate Market size & share was valued at approximately USD 687.5 Million in and is expected to reach USD 698.9 Million in and is expected to reach a value of around USD .5 Million by , at a compound annual growth rate (CAGR) of about 5.6% during the forecast period to .”
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Calcium Formate Market: Overview
It refers to the calcium salt of formic acid. Calcium formate is a white, crystalline powder when solid. It dissolves in water and has a somewhat acidic flavor.
Calcium formate has several industrial uses. It functions as an accelerator, shortening the setting time and increasing the initial durability of concrete. Additionally, it can help reduce shrinkage and improve workability.
Growing demand from the construction sector, owing to the increased usage of calcium formate as an ingredient in concrete and cement-based formulations to improve qualities such as drying time and strength.
Another trend is the increasing use of calcium formate in animal feed applications, owing to its capacity to improve growth performance and avoid livestock illnesses.
Furthermore, there is a trend toward more sustainable and environmentally friendly construction techniques, pushing the usage of calcium formate as an environmentally friendly addition.
Furthermore, technical developments and innovations in manufacturing processes are improving the quality and purity of calcium formate products, which is boosting market expansion. Overall, these trends point to a positive future for the worldwide calcium formate market, with sustained growth expected across a variety of industries.
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By grade, the industrial grade segment held the highest market share in and is expected to keep its dominance during the forecast period -. Key trends in the industrial grade calcium formate market comprise increasing interest from the construction industry for concrete additives, as well as developing usage in leather tanning and oil drilling activities.
By application, the concrete additive segment held the highest market share in and is expected to keep its dominance during the forecast period -. Concrete additive trends encompass a shift toward sustainable solutions, higher demand for high-performance formulas, and the use of calcium formate for improved durability and environmentally friendly building techniques.
By end use, the construction segment held the highest market share in and is expected to keep its dominance during the forecast period -. In the construction sector, there is a growing preference for eco-friendly materials, which is driving demand for calcium formate as an ingredient in concrete compositions for increased performance and sustainability.
Notable trends in the Asia-Pacific calcium formate market comprise rising demand from the construction and agricultural sectors, expanding usage of sustainable building materials, and a rising focus on animal health and nutrition.
Cerne Calcium Company manufactures superior calcium carbonate solutions. Cerne Calcium products are derived from naturally occurring beneath the ground high calcium limestone deposits. Calcite is frequently used interchangeably with natural calcium carbonate.
Report Scope
Feature of the Report Details Market Size in USD 698.9 Million Projected Market Size in USD .5 Million Market Size in USD 687.5 Million CAGR Growth Rate 5.6% CAGR Base Year Forecast Period - Key Segment By Grade, Application, End Use and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research.(A free sample of the Calcium Formate report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
(Please note that the sample of the Calcium Formate report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed the Global Calcium Formate market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Calcium Formate industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
Key Offerings:
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Calcium Formate Market: Regional Analysis
By region, Calcium Formate market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Calcium Formate market in with a market share of 40% in and is expected to keep its dominance during the forecast period -.
Several reasons contribute to the Asia-Pacific region’s dominance in the calcium formate industry. To begin, the region’s thriving construction sector requires calcium formate as an addition in cement and concrete compositions, which improves qualities such as setting time and strength.
Furthermore, the expanding livestock industry in nations such as China and India drives up the need for calcium formate as a feed ingredient, increasing animal health and growth.
In addition, the region’s growing emphasis on green construction materials and ecologically sustainable practices encourages the use of calcium formate-based solutions due to their eco-friendliness compared to traditional options. With Asia-Pacific’s rapidly developing commercial and agricultural sectors, demand for calcium formate is likely to continue to rise, boosting regional market growth.
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List of the prominent players in the Calcium Formate Market:
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The Calcium Formate Market is segmented as follows:
By Grade
By Application
By End Use
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Regional Coverage:
North America
Europe
Asia Pacific
The Middle East & Africa
Latin America
This Calcium Formate Market Research/Analysis Report Contains Answers to the following Questions.
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