Calcium Formate Market Size, Trends and Insights By Grade (Feed Grade, Industrial Grade), By Application (Feed Additive, Concrete Additive, Textile Dyeing & Finishing, Other), By End Use (Construction, Leather & Textile, Animal Husbandry, Power Generation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- SIDLEY CHEMICAL CO. LTD.
- Zouping Fenlian Biotech Co. Ltd.
- American Elements
- Wujiang yingchuang chemical co. ltd.
- Others
Reports Description
Global Calcium Formate Market was valued at USD 698.9 Million in 2023 and is expected to reach USD 1270.5 Million by 2032, at a CAGR of 5.6% during the forecast period 2023 – 2032.
Calcium formate, an organic compound compound, has the formula Ca(HCOO)2. It is the calcium salt of formic acid. It manifests as a white crystalline solid and is frequently employed as a food additive, feed for livestock additive, cement additive, and in a variety of industrial applications including leather tanning and corrosion inhibition.
Calcium Formate Market: Growth Factors
Growing demand for calcium compounds from construction industry
The rising need for calcium compounds in the building sector is a major driver of the calcium formate market. Calcium formate is used as an ingredient in both concrete and cement compositions because of its qualities that speed up the setting time, improve workability, and reduce water consumption.
Calcium formate has benefits in the construction industry, where speedy building schedules and increased durability are critical. It allows for faster healing and durability development of concrete structures.
Furthermore, calcium formate helps to reduce the danger of efflorescence, improve the polish of concrete surfaces, and increase overall building quality.
With the increase in global building activity, particularly in emerging nations, the need for calcium formate as a concrete addition is likely to climb further.
For instance, The United Nations estimates that India’s population will reach 1.64 billion by 2047, with urban areas accounting for an estimated 51% of the total. 100% foreign direct investment in India’s construction sector is authorized via an automatic process in completed projects for township operations and administration, malls/shopping complexes, and commercial constructions.
Animal feed preservative drive calcium formate market
Animal feed preservatives are critical for ensuring the integrity and safety of feed components, particularly in microbially contaminated settings. Calcium formate, with its antibacterial qualities, is currently being utilized as a feed preservative to prevent spoiling and increase the shelf life of livestock feed.
Calcium formate protects the nutritional value of feed by limiting the growth of unwanted bacteria and fungus, lowering the risk of feed-borne illnesses in animals.
Furthermore, calcium formate functions as an acidifier, creating a favorable pH environment in animals’ digestive systems, which can promote nutrient absorption and general health.
For instance, The EFSA Panel on Additives and Products or Substances Usage in Animal Feed (FEEDAP) published an opinion on the safety and effectiveness of calcium formate as a technical addition (preservative) for all animal species.
Calcium formate was found safe for all animal species at a maximum dose of 10,000 mg formic acid equivalents/kg total. Calcium formate is believed to be safe for consumers and the environment.
Calcium Formate Market: Restraints
Availability of substitutes
An abundance of replacements can harm the calcium formate business in a variety of ways. Foremost, if cheaper or more easily accessible alternatives with identical capabilities exist, buyers may choose to use them instead of calcium formate, lowering demand.
In some applications, sodium formate and potassium formate can be used instead of calcium formate. Furthermore, advances in chemical synthesis and the development of alternative additives with equivalent performance characteristics may represent a challenge to the calcium formate industry.
Furthermore, governmental limits or worries about the environmental or health consequences of calcium formate may prompt industry to explore other options.
Calcium Formate Market: Opportunities
Emerging applications in textile dyeing and printing
The calcium formate market is being driven by expanding industries such as textile dyeing and printing due to its unique features and advantages. Calcium formate is becoming increasingly popular as a significant addition in textile dyeing and printing processes due to its capacity to operate as a buffering agent, pH regulator, and catalyst for colour fixation reactions.
Furthermore, calcium formate provides benefits that include heightened dye solubility, colour brightness, and dye penetration into textiles, resulting in beautiful and long-lasting colours.
In addition, it helps to reduce environmental contamination by limiting the discharge of dangerous substances and heavy metals that are associated with conventional dyeing procedures. As textile producers globally strive for more sustainable and efficient manufacturing techniques, the need for calcium formate rises.
For instance, according to data from the Textile Dye Manufacturers Association of India in 2021, dye producers in India, one of the world’s largest textile exporters, have begun to use calcium formate on a larger scale for dyeing polyester and cotton blend materials intended for the apparel, household textiles, and technical textile export markets.
Calcium Formate Market: Segmentation Analysis
Global Calcium Formate market is segmented by grade, application, end use and region. Based on grade, the market is classified into feed grade and industrial grade. Industrial grade dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032.
Due to its wide variety of uses in numerous sectors, the industrial-grade segment drives the calcium formate market. In construction, calcium formate is used as an ingredient in cement and concrete compositions to increase setting time, development of strength, and durability.
Its ability to expedite the hydration of cement makes it useful in cold weather concrete applications. Calcium formate is also used as a drier and accelerator in tile adhesives and mortar, which improves their performance and reduces curing time.
In the animal feed business, it serves as a source of calcium and formate ions, which promote digestion, feed conversion efficiency, and overall animal performance. Furthermore, calcium formate is used in leather tanning, fabric dyeing, and as an inhibitor of corrosion in metalworking fluid.
Based on application, the market is classified into feed additive, concrete additive, textile dyeing & finishing, and others. The concrete additive segment dominated the market in 2022 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.
Calcium formate serves as an accelerator in concrete manufacturing, allowing for quick setting and early strength development. This is especially useful in cold weather circumstances, whereas traditional concrete may fail to cure correctly.
Calcium formate accelerates the setting time, allowing for faster building procedures and decreasing overall project length and expenses. Furthermore, calcium formate helps to improve the durability and workability of concrete, resulting in better performance and longer service life for structures.
As worldwide building activity increases, particularly in rising nations in Asia-Pacific, demand for concrete additives such as calcium formate is likely to climb dramatically.
In addition, the growing emphasis on sustainable building techniques is encouraging the introduction of additives that increase concrete performance while minimizing environmental effects, further complicating the calcium.
Based on end use, the market is classified into construction, leather & textile, animal husbandry, power generation, and others. The construction segment dominated the market in 2022 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2032.
Calcium formate is an important ingredient in cement and concrete compositions because it functions as an accelerator, reducing setting times and increasing early strength development. Furthermore, calcium formate acts as a corrosion inhibitor, increasing the life of concrete buildings in hard conditions.
As building operations expand internationally, particularly in developing nations, consumer demand for calcium formate is predicted to continuously increase. In addition, a rising emphasis on sustainable building practices and the growing use of eco-friendly construction materials further boost the market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 698.9 Million |
| Projected Market Size in 2032 | USD 1270.5 Million |
| Market Size in 2022 | USD 687.5 Million |
| CAGR Growth Rate | 5.6% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Grade, Application, End Use and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Calcium Formate Market: Regional Analysis
By region, Calcium Formate market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Calcium Formate market in 2022 with a market share of 40% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
Several reasons contribute to the Asia-Pacific region’s dominance in the calcium formate industry. To begin, the region’s thriving construction sector requires calcium formate as an addition in cement and concrete compositions, which improves qualities such as setting time and strength.
Furthermore, the expanding livestock industry in nations such as China and India drives up the need for calcium formate as a feed ingredient, increasing animal health and growth.
In addition, the region’s growing emphasis on green construction materials and ecologically sustainable practices encourages the use of calcium formate-based solutions due to their eco-friendliness compared to traditional options. With Asia-Pacific’s rapidly developing commercial and agricultural sectors, demand for calcium formate is likely to continue to rise, boosting regional market growth.
Calcium Formate Market: Recent Developments
- In April 2021, LANXESS, a specialty chemicals company, accomplished the French Theseo group. Theseo Group is a prominent manufacturer of animal health and biosecurity solutions.
- In September 2022, CPS Performance Materials, a prominent maker of specialty & fine chemicals, purchased GEO Specialty Chemicals. The purchase was done to broaden CPS’s specialty chemicals products and to bolster its market position.
- In January 2023, American Elements revealed the further growth of its rare earth and less common metals organic metals manufacturing plants in the manufacturing of catalysts used in hydrocarbons and petrochemical companies.
List of the prominent players in the 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 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.
- Hangzhou Focus Chemical Co. Ltd.
- Jinan Xiangrui Chemical Co. Ltd.
- Henan Botai Chemical Building Materials Co.Ltd.
- Langfang Huinuo Fine Chemical Co. Ltd.
- Zibo Xinglu Chemical Factory
- Hubei Hengxin Chemical Co. Ltd.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Calcium Formate Market is segmented as follows:
By Grade
- Feed Grade
- Industrial Grade
By Application
- Feed Additive
- Concrete Additive
- Textile Dyeing & Finishing
- Other
By End Use
- Construction
- Leather & Textile
- Animal Husbandry
- Power Generation
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Calcium Formate Market, (2024 – 2033) (USD Million)
- 2.2 Global Calcium Formate Market: snapshot
- Chapter 3. Global Calcium Formate Market – Industry Analysis
- 3.1 Calcium Formate Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing Demand for calcium compounds from the Construction industry
- 3.2.2 Animal feed preservatives drive calcium formate market
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Grade
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By End Use
- Chapter 4. Global Calcium Formate Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Calcium Formate Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Calcium Formate Market – Grade Analysis
- 5.1 Global Calcium Formate Market Overview: By Grade
- 5.1.1 Global Calcium Formate Market Share, By Grade, 2022 and – 2033
- 5.2 Feed Grade
- 5.2.1 Global Calcium Formate Market by Feed Grade, 2024 – 2033 (USD Million)
- 5.3 Industrial Grade
- 5.3.1 Global Calcium Formate Market by Industrial Grade, 2024 – 2033 (USD Million)
- 5.1 Global Calcium Formate Market Overview: By Grade
- Chapter 6. Global Calcium Formate Market – Application Analysis
- 6.1 Global Calcium Formate Market Overview: By Application
- 6.1.1 Global Calcium Formate Market Share, By Application, 2022 and – 2033
- 6.2 Feed Additive
- 6.2.1 Global Calcium Formate Market by Feed Additive, 2024 – 2033 (USD Million)
- 6.3 Concrete Additive
- 6.3.1 Global Calcium Formate Market by Concrete Additive, 2024 – 2033 (USD Million)
- 6.4 Textile Dyeing & Finishing
- 6.4.1 Global Calcium Formate Market by Textile Dyeing & Finishing, 2024 – 2033 (USD Million)
- 6.5 Other
- 6.5.1 Global Calcium Formate Market by Other, 2024 – 2033 (USD Million)
- 6.1 Global Calcium Formate Market Overview: By Application
- Chapter 7. Global Calcium Formate Market – End Use Analysis
- 7.1 Global Calcium Formate Market Overview: By End Use
- 7.1.1 Global Calcium Formate Market Share, By End Use, 2022 and – 2033
- 7.2 Construction
- 7.2.1 Global Calcium Formate Market by Construction, 2024 – 2033 (USD Million)
- 7.3 Leather & Textile
- 7.3.1 Global Calcium Formate Market by Leather & Textile, 2024 – 2033 (USD Million)
- 7.4 Animal Husbandry
- 7.4.1 Global Calcium Formate Market by Animal Husbandry, 2024 – 2033 (USD Million)
- 7.5 Power Generation
- 7.5.1 Global Calcium Formate Market by Power Generation, 2024 – 2033 (USD Million)
- 7.6 Others
- 7.6.1 Global Calcium Formate Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Calcium Formate Market Overview: By End Use
- Chapter 8. Calcium Formate Market – Regional Analysis
- 8.1 Global Calcium Formate Market Regional Overview
- 8.2 Global Calcium Formate Market Share, by Region, 2022 & – 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.3.1.1 North America Calcium Formate Market, by Country, 2024 – 2033 (USD Million)
- 8.3.1 North America Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.4 North America Calcium Formate Market, by Grade, 2024 – 2033
- 8.4.1 North America Calcium Formate Market, by Grade, 2024 – 2033 (USD Million)
- 8.5 North America Calcium Formate Market, by Application, 2024 – 2033
- 8.5.1 North America Calcium Formate Market, by Application, 2024 – 2033 (USD Million)
- 8.6 North America Calcium Formate Market, by End Use, 2024 – 2033
- 8.6.1 North America Calcium Formate Market, by End Use, 2024 – 2033 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.7.1.1 Europe Calcium Formate Market, by Country, 2024 – 2033 (USD Million)
- 8.7.1 Europe Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.8 Europe Calcium Formate Market, by Grade, 2024 – 2033
- 8.8.1 Europe Calcium Formate Market, by Grade, 2024 – 2033 (USD Million)
- 8.9 Europe Calcium Formate Market, by Application, 2024 – 2033
- 8.9.1 Europe Calcium Formate Market, by Application, 2024 – 2033 (USD Million)
- 8.10 Europe Calcium Formate Market, by End Use, 2024 – 2033
- 8.10.1 Europe Calcium Formate Market, by End Use, 2024 – 2033 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.11.1.1 Asia Pacific Calcium Formate Market, by Country, 2024 – 2033 (USD Million)
- 8.11.1 Asia Pacific Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.12 Asia Pacific Calcium Formate Market, by Grade, 2024 – 2033
- 8.12.1 Asia Pacific Calcium Formate Market, by Grade, 2024 – 2033 (USD Million)
- 8.13 Asia Pacific Calcium Formate Market, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Calcium Formate Market, by Application, 2024 – 2033 (USD Million)
- 8.14 Asia Pacific Calcium Formate Market, by End Use, 2024 – 2033
- 8.14.1 Asia Pacific Calcium Formate Market, by End Use, 2024 – 2033 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.15.1.1 Latin America Calcium Formate Market, by Country, 2024 – 2033 (USD Million)
- 8.15.1 Latin America Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.16 Latin America Calcium Formate Market, by Grade, 2024 – 2033
- 8.16.1 Latin America Calcium Formate Market, by Grade, 2024 – 2033 (USD Million)
- 8.17 Latin America Calcium Formate Market, by Application, 2024 – 2033
- 8.17.1 Latin America Calcium Formate Market, by Application, 2024 – 2033 (USD Million)
- 8.18 Latin America Calcium Formate Market, by End Use, 2024 – 2033
- 8.18.1 Latin America Calcium Formate Market, by End Use, 2024 – 2033 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.19.1.1 The Middle-East and Africa Calcium Formate Market, by Country, 2024 – 2033 (USD Million)
- 8.19.1 The Middle-East and Africa Calcium Formate Market, 2024 – 2033 (USD Million)
- 8.20 The Middle-East and Africa Calcium Formate Market, by Grade, 2024 – 2033
- 8.20.1 The Middle-East and Africa Calcium Formate Market, by Grade, 2024 – 2033 (USD Million)
- 8.21 The Middle-East and Africa Calcium Formate Market, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Calcium Formate Market, by Application, 2024 – 2033 (USD Million)
- 8.22 The Middle-East and Africa Calcium Formate Market, by End Use, 2024 – 2033
- 8.22.1 The Middle-East and Africa Calcium Formate Market, by End Use, 2024 – 2033 (USD Million)
- Chapter 9. Company Profiles
- 9.1 SIDLEY CHEMICAL CO. LTD.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Zouping Fenlian Biotech Co. Ltd.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 American Elements
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Wujiang yingchuang chemical co. ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Minerals Technologies Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Cerne Calcium Company
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 LANXESS
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Perstorp Holding AB
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Chongqing Chuandong Chemical Co. Ltd.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Zibo ruibao chemical Co. LTD.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Henan Botai Chemical Building Material Co. Ltd.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Shandong Baoyuan Chemical Co. Ltd
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Jiangxi Kosin Frontier Technology Co. Ltd.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Hangzhou Focus Chemical Co. Ltd.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Jinan Xiangrui Chemical Co. Ltd.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Henan Botai Chemical Building Materials Co.Ltd.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Langfang Huinuo Fine Chemical Co. Ltd.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Zibo Xinglu Chemical Factory
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Hubei Hengxin Chemical Co. Ltd.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Others.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.1 SIDLEY CHEMICAL CO. LTD.
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- 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 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.
- Hangzhou Focus Chemical Co. Ltd.
- Jinan Xiangrui Chemical Co. Ltd.
- Henan Botai Chemical Building Materials Co.Ltd.
- Langfang Huinuo Fine Chemical Co. Ltd.
- Zibo Xinglu Chemical Factory
- Hubei Hengxin Chemical Co. Ltd.
- Jinan Xiangrui Chemical Co. Ltd.
- Others
FAQs
The restraints of the Calcium Formate market is availability of substitutes.
The major driver for the Calcium Formate market is growing demand for calcium compounds from construction industry and animal feed preservative.
The “Industrial Grade” category dominated the market in 2022.
The key players in the 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 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., Hangzhou Focus Chemical Co. Ltd., Jinan Xiangrui Chemical Co. Ltd., Henan Botai Chemical Building Materials Co.Ltd., Langfang Huinuo Fine Chemical Co. Ltd., Zibo Xinglu Chemical Factory, Hubei Hengxin Chemical Co. Ltd., Jinan Xiangrui Chemical Co. Ltd., Others
“Asia-Pacific” had the largest share in the Calcium Formate Market.
The global market is projected to grow at a CAGR of 5.6% during the forecast period, 2023-2032.
The Calcium Formate Market size was valued at USD 698.9 Million in 2023.