It is a versatile intermediate that finds wide applications as an animal feed additive, concrete setting accelerator, leather tanning, textile chemicals, and de-icing agent. Calcium formate offers several advantages over traditional alternatives such as ease of handling, biodegradability, and non-corrosive nature. The growing agriculture and construction industries have boosted the demand for effective and eco-friendly feed additives and concrete accelerators, thus driving the calcium formate market.

The global calcium formate market is estimated to be valued at US$ 860 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period of 2024 to 2031.

The increased focus on expanding meat production and infrastructure development is propelling the need for calcium formate. As an animal feed additive, calcium formate aids in improving feed efficiency, gut health, and meat quality. In concrete construction, calcium formate reduces the curing time and hardening process.

Key Takeaways

Key players operating in the calcium formate market are SIDLEY CHEMICAL CO., LTD., Zouping Fenlian Biotech Co., Ltd., American Elements, Wujiang yingchuang chemical co., ltd., Minerals Technologies Inc., Cerne Calcium Company, LANXESS, Perstorp Holding AB, Chongqing Chuandong Chemical (Group) Co. Ltd., Zibo ruibao chemical Co., LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co. Ltd, Jiangxi Kosin Frontier Technology Co., Ltd.

The growing meat consumption worldwide has opened plenty of opportunities for calcium formate manufacturers to expand their feed additive portfolio. Global Calcium Formate Market Size The rapidly developing infrastructure in emerging nations such as India, Indonesia, and Brazil augurs well for calcium formate demand. Key players are focusing on strategic expansions and partnerships to consolidate their presence across major developing markets.

Market Drivers and Restrain

The rising application of calcium formate as an efficient animal feed additive is a key driver for market growth. As a performance-enhancing feed additive, calcium formate is commonly used in the poultry, cattle, and aquaculture industries. It helps improve nutrient digestion, gut health, growth, and meat quality. The booming meat industry, especially in Asia Pacific and Latin America, has significantly raised the demand for cost-effective and high-quality feed additives.

Stringent regulations regarding the usage of formaldehyde-based products may act as a major restraint. Regulators globally are promoting formaldehyde-free additives and preservatives owing to toxicity concerns. Key players need to invest in research and development of innovative low-formaldehyde and formaldehyde-free calcium formate technologies. High R&D costs associated with introducing substitute products can negatively impact market profits until regulations stabilize.

Segment Analysis
The calcium formate market is dominated by solid calcium formate sub segment. Solid calcium formate has wide applications in leather tanning, construction chemicals, textile chemicals. It is used as a drying agent and preservative in these industries. Solid calcium formate is preferred over liquid calcium formate due to its ease of handling and transportation.

Global Analysis
North America region dominates the global calcium formate market. Rise in construction activities and growing leather industry in US and Canada is driving the growth of calcium formate market in North America. Asia Pacific is the fastest growing region owing to rapid urbanization and industrial development in China and India. Increase in cement production and growing automobile industry where calcium formate is used as coating additive is boosting the market in Asia Pacific region. Europe holds a significant share and is expected to witness moderate growth during the forecast years.
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