Fact.MR has recently published a report, titled [Global Calcium Formate Market 2020 by Key Countries, Companies, Type and Application]. The research report provides an in-depth explanation of the various factors that are likely to drive the market. It discusses the future of the market by studying the historical details. Analysts have studied the ever-changing market dynamics to evaluate their impact on the overall market. In addition, the report also discusses the segments present in the market. Primary and secondary research methodologies have been used to provide the readers with an accurate and precise understanding of the overall The Calcium Formate market. Analysts have also given readers an unbiased opinion about the direction companies will take during the forecast period.
The research report also includes the global market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.
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The calcium formate market remains highly fragmented in nature, with significant barriers to new entrants. While new product developments and launches remain key strategies of leading players, the focus also remains strong on collaborations with mid-sized industries to materialize their long-term manufacturing and distribution goals.
Leading players have a robust occupancy and distribution in developed as well as developing markets, collectively accounting for approximately 40% calcium formate sales. The strategies employed by leading players continue to contradict the ones put in action by mid-level players.
‘Buy and build’ remains a key strategy for the market leaders, as their efforts are geared towards strengthening their global footprint with the help of sound infrastructures and streamlined distribution. These players cater to niche applications in key industry sectors including electronics, construction, coatings, oil and gas, rubber, and water treatment.
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What are the Key Growth Drivers of Calcium Formate Market?
- Calcium formate has been fast replacing calcium chloride as a setting-accelerator in the construction industry, in light if its key attributes such as preventing corrosion in steel reinforcements, enhancing strength of cement mortar. This, coupled with the notable rise in the construction and infrastructure development activities in developing economies, continues to sustain the demand for calcium formate.
- Adoption of calcium formate in the manufacturing and processing industries has gained a remarkable uptick in recent years, as an ideal additive to stymie corrosion in wire casting and molding operations.
- Advancements in the animal nutrition industry has meant that the demand for effective feed additives to achieve superior conversion rate is on the rise, which has reflected on the adoption of calcium formate as an additive in feed pre-mixes, to enhance their metabolism and digestive health.
- Demand for calcium formate has also gained a significant momentum among automakers, as the compound enhances the conveyance of gas to airbags when blended with ammonium nitrate. The focus on passenger safety as the top priority among automakers, and the efficiency of calcium formate in boosting functionality of airbags, have collectively favored the market growth in recent years.
- As governments across the globe take measures to phase outgrowth-boosting antibiotics to ensure animal welfare safety, feed manufacturers are including calcium formate as a preservative to lower the pH level and enhance the gut health in animals.
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What are the Key Challenges Encountered by Stakeholders Operating in Calcium Formate Market?
- Volatility in the prices of raw materials, namely, formic acid and calcium carbonate, used for the production of calcium formate, remains a key challenge for manufacturers, apart from the issues ascending from high energy consumption and low process efficiency that sum up to a hefty production cost. This has further led manufacturers to look for effective alternatives to cut down production cost and improve profit margins.
- Growing cognizance pertaining to the superior efficiency of calcium chloride in accelerating the settling time of Pozzolanic and Portland cement has been impacting the sales of calcium formate in the construction industry.
Opportunities Abound in Animal Feed and Silage Treatment Industry
The study reveals that the demand for calcium formate in animal feed and silage treatment industry is anticipated to witness a remarkable rise, as governments of numerous countries implement regulations on health enhancers used in animal feed. The need for nutrition-rich feed that benefit the digestive health of animals has influenced the adoption of additives and preservatives to achieve healthy growth of livestock. Additionally, growing consumption rate of meat and poultry products, which has proliferated demand for livestock, continues to create lucrative opportunities for the calcium formate manufacturers. According to the study, calcium formate sales in the animal feed and silage treatment industry will register a CAGR of over 4% through 2029.
This incisive Fact.MR report provides crucial information and comprehendible intelligence of the calcium formate market. A systematic approach is employed to carry out an in-depth analysis of the key drivers, restraints, opportunities, and threats governing the growth of calcium formate market between the period 2019 and 2029.
For gaining comprehensive information of the historical and current growth parameters of the calcium formate market, primary and secondary research has been conducted. The secondary research contains the study of trade journals, press releases, company annual reports, paid resources, and other publications, while the primary research involves data culled by interviewing industry and market heads.
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Global Calcium Formate Market: Drivers and Restraints
The report explains the drivers shaping the future of the Calcium Formate market. It evaluates the various forces that are expected to create a positive influence on the overall market. Analysts have studied the investments in research and development of products and technologies that are expected to give the players a definite boost. Furthermore, researchers have also included an analysis of the changing consumer behavior that is projected to impact the supply and demand cycles present in the global The Calcium Formate market. Evolving per capita earnings, improving economic statuses, and emerging trends have all been studied in this research report.
The research report also explains the potential restraints present in the global The Calcium Formate market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years.
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Global Calcium Formate Market: Regional Segmentation
In the successive chapters, analysts have studied the regional segments present in the global The Calcium Formate market. This gives the readers a narrowed-view of the global market enabling a closer look at the elements that could define its progress. It highlights myriad regional aspects such as the impact of culture, environment, and government policies that influence the regional markets.
Global Calcium Formate Market: Competitive Landscape
The last chapter of the global The Calcium Formate market research report focuses solely on the competitive landscape. It studies the key players present in the market. In addition to a brief overview of the company, analysts shed light on their valuation and evolution. It also mentions the list of important products and the ones in the pipeline. The competitive landscape is analyzed by understanding the strategies of the companies and the initiatives they have taken in recent years to overcome the intensive competition.
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