Markets for calcium chloride
Calcium chloride prices felduring the first three months of 2023,which was ascribed to weak demand fromdownstream businesses like the construction sector.Low Price trends were further influenced by the drop in feedstock limestone pricesacross the USA during the first two months of 2023..As limestone prices rose,the demand from the construction sector upstream alsoincreased in US The supply was still sufficient to support both US and foreign markets.Due to decreased demand in the constructionindustry downstream,calcium chloride prices took a negative turn in May and June.As the US summer approached,the downstream de-ieing industries used less calcium chloride due to a hazy buying pattern.On the other hand,the price of calcium chloride in Asia climbed inthe first five months of 2023 as a result of the high demand for the commodity in the region.Pricing dynamics were impacted by theincreased buying interest for the product in the Asian market.The price of calcium chloride increased in other Asian nations includingChina as a result of a jump in demand.Due to a decline in demand in the construction industry downstream,the price of calcium chloridetook a negative turn in May and June.Due to the calcium chloride inventory stocks being at a high level,prices depreciated in China.
The global Caleium Chloride market stood at approximately 4080 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.60%during the forecast period until 2032.Factors supporting market growth include expanding product application across industries such asde-icing,construction,and food processing,rising product demand in the oil and gas industry for well drilling and completion,and theincreasing need for dust control and stabilization in mining operations.
Chemically,caleium chloride has the formula CaC12.It is a crystalline salt with a high-water solubility.The Solvay process,which involvesthe reaction of limestone(calcium carbonate)and hydrochloric acid,principally results in the production of calcium chloride as a by-product.Calcium chloride is widely used in the waste water sector and the food and beverage industry,.To eliminate pollutants fromwastewater,calcium chloride is essential.To add calcium chloride to their oily waste streams,several industries including metalworking.petrochemical,food processing,textile,and laundry do so.The addition of calcium chloride causes oil droplets to float to the water’s topwhere skimming can readily remove them.To effectively melt snow and ice on roads,highways,and airport runways,calcium chlorideworks by lowering the freezing point of ice.
Calcium chloride is the main substance used in the construction sector because of the unique properties it possesses.It is frequently usedas a part of concrete accelerators because of its capacity to speed up the drying process of concrete.It assumes a greater level of relevanceduring the winter since it helps absorb moisture and warms the concrete to help it settle more quickly.However,the ongoing process ofinfrastructure construction that is taking place all over the world is one of the most significant factors influencing the growth of the globalcalcium chloride(CaCl2)market.All different sorts of economies,including developed,poor,and developing ones,have a sizable need.Theoil and gas industry makes substantial use of calcium chloride.It is utilized as drilling fluid,well completion fluid,and brine for hydraulicfracturing.There is a high chance for the worldwide calcium chloride market to increase its position in this sector due to the expansion ofthe oil and gas industry,notably in regions like North America,the Middle East,and Asia.There is another factor contributing to theexpansion of Calcium chloride market which is the expansion of the oil and gas industry,notably in regions like North America,the MiddleEast,and Europe.The growing frequency of extreme weather events is the main factor driving the expansion of the de-icing segmentwithin the worldwide calcium chloride market.The global Calcium Chloride market is anticipated to increase favorably as a result of thesereasons and reach 6400 thousand tonnes by 2032.
North America now dominates the worldwide calcium chloride market as a result of increased de-icing operations brought on by theregion’s harsh cold and rising shale gas consumption.In the Asia Pacific region,due to increased government spending on infrastructuredevelopment in nations like China and India in this region,the Asia-Pacific is predicted to grow at a considerable growth rate throughoutthe projected period of 2023 to 2032.
Based on grade,The calcium chloride market is divided into Food Grade and Industrial Grade.Tofu,baked foods,and processed cheeseare just a few examples of food products that frequently contain calcium chloride as a firming agent.It has numerous other uses in thefood business in addition to being a food preservative.The majority of sports beverages contain calcium chloride as an active componentto replenish electrolytes lost during intense activity.Additionally,it is utilized to keep the bodys fluid balance and avoid cramping.Additionally,calcium chloride may occasionally be added to sports drinks to enhance flavor.The widespread use of calcium chloride as ade-icing agent and dust suppressant in a variety of industries,including construction,mining,and manufacturing,is a major factor in theexpansion of the industrial-grade market.
Based on the end-user industry,the global Calcium Chloride market is segmented into De-icing and Dust,Oil and Gas,Construction,Food&Beverages,and Others.However,De-icing and Dust is the leading segment and held about 37%of the global Calcium Chloride market in
2022.The oil and gas industry makes substantial use of calcium chloride.It is utilized as driling fluid,well completion ftuid,and brine forhydraulic fracturing.
