The Calcium Chloride Powder Anhydrous Market is estimated to be valued at US$ 159.25 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Calcium chloride powder anhydrous is a salt that absorbs moisture from air. It is widely used as a de-icing agent for roads, sidewalks and airports runways. It lowers the freezing point of water and prevents ice formation at sub-zero temperatures. It also acts as a dust suppressant and is applied on dirt roads, construction sites and mines to compact the soil and reduce dust emissions.
Market key trends:
One of the major trends in the calcium chloride powder anhydrous market is its rising usage for de-icing applications. Calcium chloride is highly effective for clearing snow and ice on roads and walkways. It dissolves snow and ice at much lower temperatures as compared to other de-icers. It also provides faster de-icing action. Moreover, it continues working even when the temperature drops below freezing point. Its de-icing properties make it a preferable option for highways, airports and cold storage facilities. The increasing demand from transportation sector for safer mobility during winters is expected to propel the demand for calcium chloride powder anhydrous over the forecast period.
Porter’s Analysis
Threat of new entrants: Low barrier for new entrants as raw materials and production technology are easily available. However, established players enjoy economies of scale.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and fragmented nature of buyers from various end-use industries.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials such as salt are commodities and widely available.
Threat of new substitutes: Threat of new substitutes is moderate as calcium chloride finds broad end-use applications. However, substitutes like calcium nitrate are used in niche applications.
Competitive rivalry: Intense competition among existing players to gain market share.
SWOT Analysis
Strengths: Wide end-use applications leading to stable demand. Easy availability of raw materials.
Weaknesses: Fluctuating raw material prices impact margins. Dependence on weather conditions for sale.
Opportunities: Growing construction activity in emerging economies. New applications in dust control and de-icing.
Threats: Stringent environmental regulations. Threat from substitute products in certain applications.
Key Takeaways
The Global Calcium Chloride Powder Anhydrous Market Demand is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing construction activities worldwide. The growth of the construction industry is augmenting the demand for calcium chloride powder anhydrous as it is used as an accelerator in cement and concrete production.
Regionally, Asia Pacific dominates the global calcium chloride powder anhydrous market and is expected to maintain its lead over the forecast period. China, India, and Japan are major consumers as well as producers of calcium chloride powder anhydrous in the region. Increased government spending on infrastructure development is driving the growth of the construction industry in the region.
Key players operating in the calcium chloride powder anhydrous market are TETRA Technologies inc., Occidental Petroleum Corporation, Zirax LLC., HaloPolymer Trading Inc., Nedmag B.V., Shandong Haihua Group Co. Ltd., Tangshan Sanyou Zhida Calcium Industry Co. Ltd., Juhua Group Corporation, American Elements Corp,. and Shouguang Jinlei Chemical Co. Ltd. The market is moderately consolidated in nature.
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