Industrial grade products are the largest segment of calcium formate
The calcium formate market has been classified into industrial grades and feed grades by grade, and among these two grades, the industrial grades segment holds the largest market share and is likely to witness significant growth over the forecast period. The market size of industrial grade calcium formate is mainly driven by demand from downstream applications such as cement and tile additives, flue gas desulfurizers, and feed additives. Furthermore, the increasing use of industrial grade calcium formate in feed, construction and chemical industries is driving the global calcium formate market.
Concrete setting application is expected to witness the highest CAGR in the global calcium formate market during the forecast period
`Based on application, the calcium formate market has been segmented into 7 categories, namely feed additives, ceramic tile and stone additives, leather tanning, concrete coagulation, textile additives, drilling fluids, and flue gas desulfurization. The concrete setting application segment of the calcium formate market is rapidly growing due to the use of calcium formate as a concrete accelerator, thereby increasing the strength of cement mortars. Calcium formate is used as a concrete additive to accelerate the curing of concrete, ie it reduces the setting time and increases the rate of early strength growth.
Construction end-use segment to grow at the highest CAGR in the global calcium formate market
The construction end-use industry segment is growing rapidly, mainly due to the use of calcium formate as a cement accelerator in the production of cement and cement-based mortars, cement blocks and boards, and other cement-based products required by the construction industry. Calcium formate enhances the properties of cement such as increased hardness and shortens setting time, inhibits corrosion of metal substrates, and prevents efflorescence, and increasing cement consumption in the construction industry drives the calcium formate market.
calcium formate
nly driven by demand from downstream applications such as cement and tile additives, flue gas desulfurizers, and feed additives. Furthermore, the increasing use of industrial grade calcium formate in feed, construction and chemical industries is driving the global calcium formate market.
Concrete setting application is expected to witness the highest CAGR in the global calcium formate market during the forecast period
Post time: Aug-30-2022