Calcium Formate Market to Witness Fabulous
Growth by 2023
Calcium Formate Market research report 2019 - 2023 provides
the newest industry data and industry future trends, allowing
you to identify the products and end users driving Revenue
growth and profitability.
Global Calcium Formate Market Synopsis:
According to Market Analyst, The Global Calcium Formate Market is expected to grow at an impressive
Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Calcium Formate industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, Calcium Formate market size to maintain the average annual
growth rate of 0.0389504774899 from 190.0 million $ in 2014 to 230.0 million $ in 2018, Market
analysts believe that in the next few years, Calcium Formate market size will be further expanded, we
expect that by 2023, The market size of the Calcium Formate will reach 255.0 million $.
Calcium formate refers to a calcium salt popularly used in concrete, leather tanning and formic acid
production. Calcium formate has the ability to accelerate the setting time of concrete. Calcium formate
and mixture of ammonium nitrate or peroxide, chlorate, superoxide, perchlorate, or permanganate of
an alkali metal speedily evolve large volumes of gas when ignited. This gas can be useful for the inflation
of automobile passenger restraint bags or other similar applications.
Calcium formate market is majorly driven by cement and all kinds of concrete industry, due to its unique
property to increase the cement hardening speed. The global market for calcium foramte is expected to
witness the significant growth throughout the forecast period with its increasing demand from end-use
industries.
Global Calcium Formate Market has been segmented on the Basis of Product Type, Industry and Region.
On the Basis of Product Type, Calcium Formate Market can be sub segmented into Feed Grade,
Industrial Grade. Based on Industry, Market can be sub segmented into Feed, Construction, Leather
Industry, Chemical Industry.
Regionally, Asia Pacific is the largest as well as fastest growing market for calcium formate in forecast
period, due to the presence of huge leather and construction industry. Subsequently, the demand for