The global Calcium Chloride Powder Anhydrous Market is estimated to be valued at US$ 159.25 Bn or 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.
Calcium chloride powder anhydrous is a colorless solid hygroscopic compound that dissolves completely in water. It finds major applications as a de-icing agent on roads and walkways. Other applications include dust control, concrete accelerator, and water treatment. It provides a fast-acting solution for de-icing roads and walkways during snowy and icy conditions. Its hygroscopic property helps to rapidly draw moisture from the atmosphere and prevent refreezing, thereby offering an efficient and economical de-icing solution.
Market Key Trends:
Increasing winter activities and severity of cold waves in many parts of the world is driving the demand for efficient de-icing agents. Calcium chloride powder anhydrous market is widely used for de-icing applications owing to its fast-acting and cost-effective solution. It is capable of lowering the freezing point of water and prevents formation of ice on surfaces. Strict rules and regulations regarding the use of safer de-icing materials have also boosted the demand for calcium chloride powder anhydrous from infrastructure and transportation industries over the past few years. Development of new applications in dust control, concrete production, and water treatment is expected to open new growth avenues for the market during the forecast period.
- Threat of new entrants: Calcium Chloride Powder Anhydrous market requires high capital investments and R&D for setting up manufacturing units and technology. Established players have strong brand image and customer loyalty which creates entry barriers for new players.
- Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products. However, differentiated product quality provided by few producers increases switching costs.
- Bargaining power of suppliers: Few manufacturers globally supply Calcium Chloride Powder Anhydrous and have technical know-how. However, product differentiation keeps supplier power in check.
- Threat of new substitutes: Substitutes include Magnesium chloride, Sodium chloride and Potassium chloride. However, unique properties of Calcium Chloride Powder Anhydrous like moisture absorption restricts threat from substitutes.
- Competitive rivalry: Market is moderately competitive with presence of large global players. Product differentiation, regional expansion and strategic mergers are key strategies adopted.
The global Calcium Chloride Powder Anhydrous market is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing application in de-icing and dust control.
Regional analysis: North America holds largest market share of over 35% in 2023 primarily due to harsh winters and growing industrial activity. Asia Pacific is expected to grow at fastest pace owing to increasing construction spending in China and India.
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