Calcium formate is an inorganic salt that finds wide applications as a preservative and binding agent in cement, concrete, dust laying and other construction materials. It improves workability, inhibits corrosion and extends the shelf-life of construction materials. Calcium formate is stable, non-toxic and an eco-friendly alternative to traditional concrete plasticizers. The growing construction industry worldwide is driving increased consumption of concrete and cement, thereby fueling demand for calcium formate as an additive.

The Global calcium formate market is estimated to be valued at US$ 860 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 To 2031.


Key Takeaways


Key players operating in the calcium formate market are 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. The market offers opportunities for expansion in the construction industry as well as other application industries like leather processing, petroleum refining, and metal processing. Technological advancements are helping develop new grades of Calcium Formate Market Share with improved properties like faster setting times and enhanced shelf lives.

Market Drivers

The global calcium formate market is witnessing robust growth owing to rapid urbanization and infrastructure development activities worldwide. There is significant investment in megaprojects such as roads, railways, dams and buildings. This is expected to boost the demand for construction materials like cement and concrete, thereby driving consumption of calcium formate as a performance enhancing additive. In addition, increasing spending on maintenance and renovation of existing construction also supports market growth.
Current Challenges in Calcium Formate Market

The Calcium Formate Market Challenges And Opportunities is facing challenges due to rising raw material costs and stringent environmental regulations. Calcium formate is manufactured using formic acid as the key raw material. However, fluctuating crude oil prices have led to increased formic acid costs, negatively impacting calcium formate producers. Moreover, stringent emission norms by governments globally are compelling manufacturers to invest in pollution control technologies, driving up overall costs. Additionally, the COVID-19 pandemic disrupted the global supply chain and lowered demand from end-use industries like construction and petroleum drilling in 2020. This adversely affected the calcium formate market.

SWOT Analysis

Strength: Wide applications in construction, petroleum drilling and leather industry results in steady demand. Weakness: High dependence on crude oil prices for raw materials makes firms vulnerable to price fluctuations. Opportunity: Growing infrastructure development in Asia Pacific could boost consumption of calcium formate in concrete admixtures. Threats: Stringent environmental laws in Europe and North America increase compliance costs for producers.


Geographical Regions

North America dominated the global market in terms of value in 2020 owing to strong demand from the petroleum industry for drilling applications. Asia Pacific is expected to be the fastest growing region during the forecast period with expanding construction activities in countries such as China and India.


Fastest Growing Region

Asia Pacific is projected to be the fastest growing region for the calcium formate market between 2024-2031, expanding at a CAGR of over 6%. This can be attributed to heavy investments in infrastructure development across China, India and Southeast Asian nations. Growing industrialization is spurring the consumption of concrete admixtures containing calcium formate in the construction of buildings, roads and bridges. This will drive the uptake of calcium formate in the region.


(https://www.coherentmarketinsights.com/industry-reports/calcium-formate-market)

Get more insights: Calcium Formate Market (https://www.newswirestats.com/calcium-formate-market-size-and-share-analysis/)

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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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