The global calcium formate market size is expected to reach USD 841.2 Million at a steady CAGR of 5.2% in 2028, according to latest analysis by Emergen Research. Steady global calcium formate market revenue growth can be attributed to rising demand for calcium formate from the building & construction industry. Calcium formate finds application in enhancing the setting rate of cement and to prevent slowing down of condensation speed under low temperature, as well as to increase construction strength. Also, calcium formate as an additive, does not have any corrosive effect on steel reinforcement.
Growth in the automotive industry is playing a crucial role in boosting market growth, and calcium formate is used to improve the transference of gas to airbags is safety systems deployed for passenger and driver safety in vehicles. Growing emphasis on passenger safety by automotive manufacturers and calcium formate efficiency in enhancing airbags by improving the transference of gas to airbags are some key factors driving market growth.
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Global Calcium Formate Market research report describes in detail the vital aspects of the Calcium Formate Market on a global and regional level. The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market. The report covers the impact of the pandemic on the Calcium Formate Market industry with a special focus on the affected key segments of the industry.
Key players in the market include Geo Specialty Chemicals Inc., Lanxess AG, Zibo Ruibao Chemical Co. Ltd., Perstorp AB, Henan Botai Chemical Building Materials Co. Ltd., Sidley Chemical Co. Ltd., American Elements, Hangzhou Focus Chemical Co. Ltd., Gelest Inc., and Shandong Baoyuan Chemical Co. Ltd.
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Emergen Research has segmented the global calcium formate market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Tile & Stone Additives
Flue Gas Desulfurization
Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Building & Construction
Leather & Textile
Energy & Power
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Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Calcium Formate Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
The global Calcium Formate market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Calcium Formate market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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