The demand for calcium chloride is increasing owing to a growth in the building and construction, food and beverages, and oil and gas industries. Calcium chloride, which helps decrease the freezing point of water, is a widely used deicer in colder regions of Europe and North America. Thus, the demand for calcium chloride is expected to rise in the long term. According to a report published by Transparency Market Research (TMR), the global calcium chloride market is expected to rise from US$838.7 mn in 2014 to US$1,205.6 mn by 2023 expanding at a CAGR of 4.2% between 2015 and 2023.
Q. Which region is expected to be the key contributor in the calcium chloride market?
North America is expected to lead in the market owing to a rise in the drilling activities. The market in Asia Pacific is expected to expand at a significant rate in the coming years owing. On the other hand, the demand for calcium chloride will witness a sluggish growth in the coming years in the Middle East and Africa. However, the use of calcium chloride for dust control and in the oil and gas industry is likely to increase in the region, in the coming years.
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Q. How are calcium chloride products benefitting various industries?
A large number of companies across industries are making use of calcium chloride in numerous application areas. For instance, EXPRESS® 94-97% Calcium Chloride Mini-Pellet developed by Tetra Chemicals is suitable for various phases of drilling activity. The pellets are used as completion fluids, concrete accelerator, workover fluid, and drilling muds. Yukon Gold developed by Keg River Chemical, is an ice melter containing calcium chloride, which generates heat and brine quickly to enable a synergistic effect, making other ingredients perform better.
Occidental Petroleum Corporation has developed COMBOTHERM™, a deicer which is an economical high performance blended ice melting product, used to melt ice and snow from parking lots, sidewalks, and steps.
Q. Which factors impede the growth of the market?
Various regulations pertaining to the manufacture and use of chemicals are being set by governments. This factor is expected to impede the growth of the global calcium chloride market as well. For instance, the content of calcium chloride in food and medicines should not exceed the levels set by the Food and Drug Administration (FDA) and also the Environmental Protection Agency EPA. The excess intake of calcium chloride can lead to fatal injuries, prompting companies to look for alternatives to calcium chloride.
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Q. What are the opportunities for growth in the global calcium chloride market?
The potential applications of calcium chloride in the agriculture sector are expected to widen the scope of the market. The rising use of calcium chloride in the waste water treatment industry is emerging as another opportunity for growth in the market. For instance, Nedmag Industries makes use of calcium chloride for the removal of inorganic compounds and phosphates from waste water. Similarly, calcium chloride is used by Occidental Chemical Corporation for waste water treatment.
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