Calcium Chloride Market will Procure $1,200.0 million by 2021

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Calcium Chloride Market will Procure $1,200.0 million by 2021

According to the report, global demand for calcium chloride was valued at around USD 850.0 million in 2014 and is expected to reach over USD 1,200.0 million in 2020, growing at a CAGR of around 6.0% between 2015 and 2020. In terms of volume, the global calcium chloride market stood at above 3,200-kilo tons in 2014. Zion Market Research has published a new report titled “Calcium Chloride Market for De-icing & Dust Control, Oil & Gas, Construction and Other Applications: Global Market Perspective, Comprehensive Analysis and Forecast 2014 – 2020.”

Calcium chloride is the ionic compound of calcium and chlorine and its chemical formula is CaCl2. It is highly soluble in water and it is deliquescent. It is a salt that is solid at room temperature, and it behaves as a typical ionic halide. It has several common applications such as brine for refrigeration plants, ice and dust control on roads, and in cement. It can be produced directly from limestone, but huge amounts are also produced as a by-product of the Solvay process. Because of its hygroscopic nature, it must be kept in tightly-sealed containers.

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The report covers forecast and analysis for the calcium chloride market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the calcium chloride market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the calcium chloride market on a global level.

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In order to give the users of this report a comprehensive view on the calcium chloride market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the calcium chloride market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.

North America was the largest regional market for calcium chloride and it accounted for over 40% share of the total demand in 2014. This can be attributed to the high demand for calcium chloride as a de-icing agent and for dust control in the region. Apart from being the largest regional market for calcium chloride, North America is also expected to be the fastest growing market for the calcium chloride. However, growth in various end application markets for calcium chloride in Asia Pacific is also expected to boost demand for calcium chloride in the years to come. The manufacturing companies of calcium chloride have a significant impact on the value chain through a higher degree of forwarding integration. These companies manufacture raw materials as well as the final product and use it in various applications such as De-icing & dust control, in constructions, food, medicines, etc.

Key players operating in this market includes BJ Services Company, Occidental Chemical Corporation (OxyChem), Qingdao Huadong Calcium Producing Co. Ltd., Solvay, Tangshan Sanyou Group, TETRA Chemicals (Tetra Technologies, Inc.), Tiger Calcium Services Inc., Ward Chemical, Weifang Haibin Chemical Co. Ltd., Weifang Taize Chemical Industry Co. Ltd., and Zirax Group