Calcium Chloride Market to Witness a Boom Due to Increasing Demand From Various End-user Industries

Calcium Chloride is an inorganic compound. It is a salt which is used to replenish calcium levels and which acts as an effective antidote for magnesium poisoning. CaCl_{2 is} an ionic halide of chlorine and calcium that is solid at room temperature.

Increasing demand for shale gas is influencing the market growth

Recently, the shale revolution has led to a high production of oil and natural gas in the US. Calcium chloride is used in completion fluids, drilling muds and in cementing operations in the oil and gas industry. Technological advancements, such as a combination of horizontal drilling and hydraulic fracturing, coupled with the high oil and gas prices have enabled manufacturing of plentiful oil and gas in the U.S. Moreover, calcium chloride plays a very important role in maintaining the oil and gas wells. It improves the consistency of oil well fluids, reduces concrete setting time, lubricates and cools drill bits, and suppress dust on work sites.

High consumption of calcium chloride can cause health related problems

With the use of calcium chloride in agriculture sector, food industry, pharmaceutical industry and dust control industry, the consumption of calcium chloride in the human body is evident. A high intake of calcium chloride causes health-related problems such as shortness of breath, hypercalcaemia and so on. Ingestion of high levels of calcium chloride through fruits, vegetables or other food products such as pickles, may result in abdominal pain and vomiting. These health hazards associated with the compound could possibly affect the growth of the overall calcium chloride market.

APAC is witnessing a robust growth over the forecast period

The construction sector primarily drives the Asia-Pacific Calcium Chloride market. Countries like Japan and China are expected to be the primary consumers of calcium chloride in the Asia Pacific market. The Economic Transformation Program (ETP) 2011-20, has accelerated the infrastructure development and construction activity across Malaysia. Such initiatives are majorly contributing to the expansion of the calcium chloride market.

According to Inkwood research, “The revenue generated by the Global calcium chloride market is expected to reach around $1697 million by 2025”, due to increasing demand from various end-user industries. Both de-icing and dust control held the largest share of calcium chloride market by application in 2016. The market for calcium chloride is highly consolidated, with top five companies accounting for more than 80% of the total market share in 2016. Some of the renowned calcium chloride manufacturers across the globe are Solvay SA., Tangshan Sanyou Chemicals Industries Co Ltd., Tetra Chemicals., Tiger Calcium Ltd., Peter Chemical Company and Occidental Chemical Corporation (acquired by DOW Chemicals Ltd).