CALCIUM FORMATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Calcium formate is an inorganic calcium salt with the chemical formula Ca (HCOO)2. It is a white, odorless, crystalline solid that is highly soluble in water. Calcium formate has a variety of industrial uses but is mainly produced and consumed as an animal feed additive. As an animal feed supplement, it is used to prevent and control coccidiosis, a parasitic disease of poultry. It acts as a preservative and pH regulator in animal feed and improves the digestibility of the feed. Calcium formate also enhances palatability and promotes healthy growth in livestock. It is known to have better performance than other de-icing materials due to its lower freezing point and minimal corrosive effects. Properties like non-hygroscopic nature and ease of handling also make it suitable for various industrial uses. Rapid urbanization and growing infrastructure development activities have significantly fuelled the demand for effective de-icing solutions in the construction sector. At the same time, rising meat consumption worldwide has augmented the feed industry's requirement for calcium formate to enhance animal health and productivity.

Market Dynamics:

The calcium formate market is driven by robust demand from the animal feed industry. Rising meat consumption worldwide and a growing population are the key factors fueling the demand for animal feed. According to the Food and Agriculture Organization, global meat production is projected to increase by over 1% annually untill 2029. Coupled with this, awareness about the benefits of calcium formate as a feed preservative and acidity regulator is contributing to market growth. However, stringent regulations pertaining to chemical residues in meat and milk may hamper the sales of calcium formate to some extent. On the positive side, the growing preference for natural feed additives over antibiotics in livestock feed presents significant opportunities for calcium formate producers.

Key features of the study:

• This report provides in-depth analysis of the global calcium formate market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global calcium formate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include SIDLEY CHEMICAL CO., LTD., Zouping Fenlian Biotech Co., Ltd., American Elements, Wujiang yingchuang chemical co., ltd., Minerals Technologies Inc., Cerne Calcium Company, LANXESS, Perstorp Holding AB, Chongqing Chuandong Chemical (Group) Co. Ltd., Zibo ruibao chemical Co., LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co. Ltd, Jiangxi Kosin Frontier Technology Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global calcium formate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global calcium formate market

Calcium Formate Market Segmentation

• Calcium Formate Market, By Grade
  • Feed Grade
  • Industrial Grade
• Calcium Formate Market, By Application
  • Feed Additive
  • Concrete Additive
  • Textile Dyeing & Finishing
  • Other Applications
• Calcium Formate Market, By End-use
  • Construction
  • Leather & Textile
  • Animal Husbandry
  • Power Generation
  • Other End-use
• Calcium Formate Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top companies in Calcium Formate Market
  • SIDLEY CHEMICAL CO., LTD.,
  • Zouping Fenlian Biotech Co., Ltd.,
  • American Elements,
  • Wujiang yingchuang chemical co., ltd.,
  • Minerals Technologies Inc.,
  • Cerne Calcium Company,
  • LANXESS,
  • Perstorp Holding AB,
  • Chongqing Chuandong Chemical (Group) Co. Ltd.,
  • Zibo ruibao chemical Co., LTD.,
  • Henan Botai Chemical Building Material Co., Ltd.,
  • Shandong Baoyuan Chemical Co. Ltd,
  • Jiangxi Kosin Frontier Technology Co., Ltd.