Global Calcium Formate Market Size 2023 to 2034

The global calcium formate market was valued at approximately USD 543.2 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2034. The market is expected to reach USD 935.0 million by 2034. This growth is fueled by increasing demand across various industries, including construction, animal feed, leather tanning, and food additives.

Key Market Trends

The rising need for calcium formate is largely driven by:

• Construction Industry
• Animal Feed
• Leather Industry
• Textile Industry

The ongoing expansion of infrastructure projects and the growing focus on sustainable practices are further contributing to market growth.

Calcium Formate Market Report Attributes

Regional Insights

Asia Pacific Calcium Formate Market Size, 2021-2034 (USD Billion)

Asia Pacific is the leading region, with a market size of USD 320 million in 2023, projected to grow to USD 500 million by 2034. The region benefits from significant investments in construction and strong demand in the agricultural sector.

Leading Countries

• China: Major producer and consumer, leveraging robust infrastructure and agricultural growth.
• India: Expanding construction sector and increasing livestock production.

Competitive Landscape

The market features several key players focusing on innovation and product diversity:

• Zhanhua Binbo Chemical Co., Ltd.
• Perstorp
• Huanghua Pengfa Chemical Co., Ltd.
• Zibo Aiheng New Material Co., Ltd.
• Rechem Group
• Sidley Chemical Co., Ltd.
• Henan Botai Chemical Building Materials Co., Ltd.
• Zibo Ruibao Chemical Co., Ltd.
• Zouping Fenlian Biotech Co., Ltd.
• Gelest, Inc.

Recent Developments

• March 2024: Research shows calcium formate enhances compressive strength in super sulfated cement.
• December 2023: FDA approval for calcium formate as an acidifying agent in animal feed.
• June 2021: Studies indicate calcium formate inhibits hydration in specific compounds.

Market Research Coverage

The calcium formate market research report includes comprehensive coverage of the industry, with estimates and forecasts in terms of revenue (USD Million) and volume (Tons) from 2021 to 2034 for the following segments:

By Region

• North America
• USA
• Canada
• Mexico
  • Germany,
  • France
  • Russia
  • Italy
  • Rest of Europe
• Europe
• Asia-Pacific
• China
• Japan
• South
• Korea
• India
• Southeast Asia
• Rest of Asia-Pacific
• South America
• Brazil
• Argentina
• Columbia
• Rest of South America
• Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• Nigeria
• South Africa
• Rest of MEA

Key Companies in the Market

• Perstorp
• GEO Specialty Chemicals
• Chongqing Chuandong Chemical
• Feicheng Acid Chemical
• LANXESS Corporation
• Zibo Ruibao Chemical
• Hengxin Chemical
• Jiangxi Kosin Organic Chemical
• Baoding Guoxiu
• Shandong BaoYuan Chemical
• Wujiang Hongyang Chemical
• Henan Botai
• Fano Biotech
• Zouping Fenlian
• Zibo Zhongchuan Chemical
• Command Chemical Corporation

Conclusion

This report serves as an essential resource for industry players, investors, researchers, consultants, and business strategists interested in the Calcium Formate market. With insights into market dynamics and competitive positioning, stakeholders can make informed decisions to capitalize on growth opportunities.