Global Calcium Formate Market Overview:
Calcium formate is available in powder form used for providing mechanical strength development of all cement-based mortars. The calcium formate chemical acts both on setting time and hardening time by boosting the process of formation of tricalcium aluminate and silicate. Depending on its dosage, it modifies the initial work process of the wet mortar. With the growing demand for calcium formate for feed additives and the emerging use of calcium formate in the agricultural industry, the global calcium formate market is estimated to grow in the coming years. However, stringent regulatory guidelines and the threat of new entrants in the market might hamper market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Usage of Calcium Formate in Agricultural Industry
Market Growth Drivers:
Growing Construction Industry across the Developing Countries and Increasing Demand for Feed Addictives
Challenges:
Intense Competition Due to the New Entrants in the Market
Restraints:
Health-Related Risks Associated with Calcium Formate and Stringent Regulatory Guidelines Might be the Hindrance
Opportunities:
Surging Demand for Calcium Formate from Leather Industry
Competitive Landscape:
The report gives a detailed analysis of the following key players in the global calcium formate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds.
Some of the key players profiled in the report are LANXESS (Germany), American Elements (United States), Merck KGaA (Germany), Geo Specialty Chemicals, Inc. (United States), Sidley Chemical Co. Ltd. (China), Perstorp Group (Sweden), Gelest Inc. (United States, EMBL-EBI (United Kingdom), Zibo Ruibao Chemical Co. Ltd. (China) and Feicheng Acid Chemicals Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Henan Botai Chemical Building Materials Co.,Ltd. (China) and Jiangxi Kosin Organic Chemical Co, Ltd. (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Calcium Formate market by 2028. Considering Market by Industry Verticals, the sub-segment i.e. Animal Feed Industry will boost the Calcium Formate market.
In 2023, Lanxess expands sustainable options for polyols and oxidation products. The Advanced Industrial Intermediates (AII) business unit currently provides more sustainable solutions for roughly 80% of its POP portfolio.
"The European Union (EU) for food use, formic acid is registered under the General Standards for Food Additives (GFSA) provisions of the Food and Agricultural Organization of the United Nations (FAO) as a food preservative in sauces and similar products to a maximum of 200 mg/kg and in flavoured drinks to a maximum of 100 mg/kg. The Joint FAO/World Health Organization (WHO) Expert Committee on Food Additives established an acceptable daily intake (ADI) of formic acid of 0–3 mg/kg body weight. Calcium formate is a feed additive currently authorised without time limit under Council Directive for its use as a preservative in feed for all animal species and is presently listed in the EU Register of Feed Additives. The application under consideration is for the re-evaluation of calcium formate as a technological additive when used as a preservative in feed for all animal species as required by Regulation (EC)"
What Can be Explored with the Calcium Formate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Calcium Formate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Calcium Formate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Calcium Formate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Calcium Formate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Calcium Formate Manufacturers, Calcium Formate International Traders, Calcium Formate Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.