Calcium Chloride Market Size to Grow by $ 327.17 mn through 2021-2025
Technavio research projects the calcium chloride market to grow by $ 327.17 million, decelerating at a CAGR of over 5.22% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Our detailed insights will enable clients to identify areas of high growth and plan for future growth opportunities.
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Calcium Chloride Market: Key Market Driver
One of the primary factors that will trigger the growth of the calcium chloride market size the advanced properties of calcium chloride than other conventional materials . On the other hand, factors such as rising health concerns due to extensive use of calcium chloride have been identified as market challenges that are likely to limit the growth of market vendors. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Chloride Market: Market Segmentation
The calcium chloride market is segmented by Application (De-icing and dust control, Oil and gas, Construction, Pharmaceuticals, and Others) and Geography (North America, Europe, APAC, MEA, and South America). North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Recovery of oil and gas industry has been identified as one of the chief factors that will drive the calcium chloride market growth in North America over the forecast period.
Calcium Chloride Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BRENNTAG AG, Jordan Abyad Fertilizers and Chemicals Co. PSC, NAMA Chemicals, Nedmag BV, Occidental Petroleum Corp., SEQENS GROUP, Solvay SA, TETRA Technologies Inc., Ward Chemical Ltd., and Zirax Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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