Global Calcium Formate Market Size By Grade, By Application, By Geographic Scope And Forecast
Calcium Formate Market Size And Forecast
Calcium Formate Market was valued at USD 406 Million in 2019 and is projected to reach USD 626.5 Million by 2027, growing at a CAGR of 5.6% from 2020 to 2027.
Global Calcium Formate Market Outlook
With the fast-growing construction industry, calcium formate has been replacing calcium chloride as a preventive measure for corrosion in steel reinforcement and enhancing the strength of cement mortar. This factor is driving the major demand for Calcium formate and fuelling the growth of the market. Furthermore, recent technological advancements in the manufacturing, processing is contributing to the growth of the market. Moreover, governments across the globe are taking measures to boost antibiotics to ensure animal welfare safety, thereby driving the demand for calcium formate as a preservative to lower pH level and to improve the gut health in animals. However, the concern of price volatility of raw materials may hinder the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Calcium Formate Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Calcium Formate Market Competitive Landscape
The Global Calcium Formate Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as LANXESS AG, Shandong Baoyuan Chemical Co., ZIBO RUIBAO CHEMICAL CO., Ltd, Perstorp Holding AB, LTD., GEO Specialty Chemicals, Chongqing Chuandong Chemical Co. Ltd.,Jiangsu Ruiyang Chemical Co. Ltd., Shandong Xinruida Chemical Industry Co. Ltd., Hangzhou Focus Chemical Co. Ltd., Zouping Fenlian Chemical Co., Ltd.
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