Calcium Formate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Calcium Formate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest

Global Calcium Formate Market: Overview

Calcium formate has been utilized a wide spectrum of industries. The compound has been used commercially as accelerators for cement and concrete admixtures. Demands in the calcium market have been bolstered by the rising use in leather tanning applications typically for chrome-tanning processes. The demand for various formulations in making ensiling agents for silage treatment applications has also bolstered revenue generation in the calcium formate market. The use of calcium formate promotes anaerobic fermentation in silage treatment. Other prominent application areas in the calcium formate market are gas generation, flue-gas desulfurization, safety explosives, and as de-icing agent in steel and cement manufacturing. Perhaps, the most prominent trend is growing use of industrial grade calcium formate in the concrete and cement industries.

However, a great deal of the growth dynamic in the calcium formate market hinges on the prevailing regulatory landscape in various regions. A case in point is the demand dynamic in the animal feed industry. Hence, the measures adopted by various stakeholders in the calcium formate market are expected to play crucial role in the future evolution on the market during the period of 2019-2029.

Global Calcium Formate Market: Growth Dynamics

Revenue generation in the calcium formate market has benefitted from the growing uptake of the chemical in the animal nutrition industry, where it has gained popularity as an acidifier. The worldwide popularity stems from growing body of research in the use of organic acids to boost the nutritional profile of animal feed products. However, since, animal feed products are well-regulated in several industrialized nations, this has hampered the prospects of the calcium formate market.

On the other hand, this has also guided policy interventions in the U.S. and several economies in the European Union, driving the strategic shifts of animal feed manufacturers seeking to tap into the growth of the calcium formate market. Growing demand for more meat in various parts of the world is a key factor filliping demand for better-quality animal feed. The trend is evident in pig and poultry feedstock. The compound works by lowering the pH in the gastro-intestinal tract.

Over the past few years, product sales in the calcium formate market have been propelled by its use as E238 biological additive in cosmetology and food industry. Advent of new conversion methods for preparing calcium formate has made a significant impetus to the evolution of the market.

Global Calcium Formate Market: Notable Development

A body of research in murine models has emphasized on the low toxicity of calcium formate in various formulations. Chemical companies in the calcium formate market are expected to put bets on the growing consumption of the compound in the animal feed industry. They are coming out with new formulations in poultry and swine diets which can comply with regional regulations. A case in point is a new feed additive unveiled recently by the U.S.-based animal feed company Novus International. The product comprised of three compounds including calcium formate. The product has been gathering positive reviews from European Food Safety Authority. The feed additive is used as a zootechnical additive in chickens feed to aid in their fattening, thereby expected to be beneficial for poultry farmers.

Global Calcium Formate Market: Regional Assessment

On the regional front, North America, Europe, and Asia Pacific are expected to be prominent regions in the calcium formate market. Sheer pace of industrialization in several economies of the regions has underpinned the expansion of the calcium formate market. Rising application in cement and leather industries is fueling the growth in the market. Strides being made animal feed industries in the developed regions of North America and Europe have cemented the size of the demands in these regions.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.