Drilling Fluids to Dominate the Demand for Calcium Chloride Market in Coming Years
The Calcium Chloride Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
Calcium chloride is a compound of calcium and chloride commercially available in the form of anhydrous and di-hydrate flakes, power and pallets. Calcium chloride is a colourless crystalline inorganic salt, solid at room temperature, highly soluble in water and used as ionic halide. Being a hygroscopic compound, calcium chloride is stored in airtight containers and is widely used as drying agent. Calcium chloride is produced by processing naturally occurring brine, as a by-product from Solvay process of synthetic sodium carbonate production, and by neutralizing hydrochloric acid with calcium carbonate. One of the major applications of calcium chloride is drilling fluids in oil & gas exploration. Amidst the COVID-19 pandemic, the oil & gas supply chain has been disrupted significantly, thereby severely impacting the oil & gas production and explorations activities. This has hindered the growth of the calcium chloride market. However, rising demand from construction and food processing industry is expected to mitigate the impact due to unprecedented slack in demand from oil & gas industry. The global calcium chloride market is expected to witness steady growth during the forecast period.
Download PDF Sample: https://www.insightslice.com/request-sample/391
Strong demand from multiple applications to drive growth of flakes 77% calcium chloride
The global calcium chloride market is segmented on the basis of product type, applications, and geography. Based on product type, the global calcium chloride market is segmented into liquid, hydrated solid, and others. The hydrated solid calcium chloride is further sub-segmented into flakes 77%, flakes 94%, prills 94%, pellets 94%, and others. The hydrated solid segment contributed the largest share to the global calcium chloride market in 2019 and is expected to be a dominating segment during the forecast period. Among the hydrated solids, the flakes 77% contributed a prominent share to the global market owing to strong demand from wide applications. The prills 94% segment is expected to witness prominent growth during the forecast period owing to increasing demand from food processing and water treatment applications.
Based on applications, the global calcium chloride market is segmented into dust control & de-icing, drilling fluids, construction, industrial processing, water & waste water treatment, food processing, and others. The applications of calcium chloride in drilling fluids contributed a dominating share to the global calcium chloride market in 2019 owing to strong demand from oil & gas exploration activities across the globe. The dust control & de-icing applications contributed a prominent share to the global calcium chloride market in 2019 and is expected to grow significantly during the forecast period.
Based on geography, the global calcium chloride market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed largest share to the global calcium chloride market in 2019 owing to strong demand from oil and gas exploration applications and is expected to witness steady growth during the forecast period. Asia Pacific contributed a prominent share to the global calcium chloride market owing to increased demand from chemical, pharmaceutical, food processing, and water & waste water treatment applications across major countries. Asia Pacific is expected to be the fastest growing market during the forecast period and is expected to witness prominent shift in the production of calcium chloride in coming years.
Request For Discount: https://www.insightslice.com/request-discount/391
Major players active in the global calcium chloride market include Auro Chemical Industries Pvt. Ltd., Nedmag Industries, Occidental Chemical Corporation, Qingdao Huadong Calcium Producing Co. Ltd, Sameer Chemicals, Sitara Chemical Industries Ltd, Solvay S.A., Sulaksh Chemicals, TangShan SanYou Chemical Industries Co., Ltd., TETRA Technologies Inc., Tiger Calcium Services Inc., Ward Chemical, Inc., Weifang Haibin Chemical Co. Ltd, Weifang Taize Chemical Industry Co. Ltd., and Zirax Limited.