Calcium chloride Market Size to hit US$ 1.7 Billion by 2028 - Report by IMARCGroup

IMARC Group has recently released a new research study titled “Calcium Chloride Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the Calcium chloride industry?

The global calcium chloride market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028. 



What is Calcium Chloride?

Calcium chloride (CaCl2), also known as calcium dichloride, is an odorless, white crystalline solid, inorganic compound and a salt characterized by high solubility in water. It acts as an electrolyte that assists the body in maintaining fluid via numerous activities and strengthening muscle and nerve functioning. It also aids in treating calcium deficiency in the body and minimizing the risk of developing calcium disorders due to low calcium levels in the body.


Impact of COVID-19: 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the Calcium chloride market? 

CaCl2 is used as a food additive and flavor enhancer in the preparation of various canned food products and beverages, such as tofu, cheese, protein shake, and fruit juices. It is also used in meat tenderization and beer brewing. Along with this, the thriving food and beverage (F&B) industry represent one of the major factors strengthening the market growth around the world.

The increasing demand for ready-to-eat (RTE) food products on account of a considerable working population and hectic schedules are also favoring the market growth. In addition, it is employed in the construction industry as a concrete accelerator to improve the strength of the concrete. This, in confluence with rising construction activities in the residential, commercial, and industrial spaces, is contributing to the market growth.

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Moreover, CaCl2 is used as a maintenance material for the construction of haul roads owing to its deliquescent nature of absorbing moisture from the air and adding density to the roadway in the mining sector. It also helps in improving the condition and enhancing the productivity and safety of mining equipment, which is influencing the market positively. Apart from this, the growing adoption of CaCl2 as prescription medicine in the pharmaceutical industry to treat medical symptoms of hypocalcemia, arrhythmias, hypermagnesemia, calcium channel blocker overdose, and beta-blocker overdose is creating a positive outlook for the market. 

Furthermore, there is an increase in the number of drilling and production activities in the onshore and offshore sites. Along with this, significant growth in the oil and gas industry is providing a thrust to the market growth. 

Besides this, there is a rise in the adoption of CaCl2 in de-icing and dust control activities for streets, driveways, and sidewalks to lower the freezing point of water, which is impelling the market growth. Additionally, the growing inclination toward a luxurious lifestyle and the inclusion of swimming pools in urban homes is driving the use of CaCl2 to control the calcium hardness of the pool water.

Browse related reports:

India Aroma Chemicals Market: https://www.imarcgroup.com/india-aroma-chemicals-market

India Material Testing Market: https://www.imarcgroup.com/india-material-testing-market

Japan Calcium Chloride Market: https://www.imarcgroup.com/japan-calcium-chloride-market

United States Calcium Chloride Market: https://www.imarcgroup.com/united-states-calcium-chloride-market

Europe Calcium Chloride Market: https://www.imarcgroup.com/europe-calcium-chloride-market

Company Name: IMARC Group

Contact Person: kanika Sharma

Phone: +1-631-791-1145

Address:30 N Gould St Ste R

City: Sheridan

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Country: United States

Website: https://www.imarcgroup.com

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