North America Liquid Calcium Chloride Market is estimated to witness a rise in revenue from US$ 652.1 Mn in 2021 to US$ 935.2 Mn by 2027. The market is registering a growth at a CAGR of 6.02% during the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 6.17% during the forecast period 2022-2027. 

Market Snapshot

Liquid calcium chloride, an ionic compound of calcium and chlorine is highly soluble in liquid. It is commercially available as anhydrous and di hydrate flakes, pellets and powder or 30% to 45% solution. Calcium chloride is a popular chemical product consumed in large number of industries all around the world, due to its superior properties and associated benefits. It falls in the category of products that is consumed daily. The growing demand for liquid calcium chloride in dust control and de-icing activities is expected to be the major driver for the growth of the global market. Moreover, the surging demand in the oil & gas industry in drilling fluids applications is likely to further drive global market growth. Furthermore, the growing adoption of calcium chloride as a food preservative in the food industry is also likely to augment the market growth in the coming years. 

Market Dynamics

The major factor responsible for the growth of the North America liquid calcium chloride market includes increasing consumption of calcium chloride in construction industry, increasing use of the calcium chloride in the agriculture sector and surging need for treating wastewater effluents. Calcium Chloride is gaining considerable popularity in the construction industry as it is act as one of the most effective dust control agent and base stabilizer in the construction sector. Moreover, agriculture sector has been increasingly using calcium chloride through fertilizers and Plant growth promoters as it provides important micronutrients that are vital to healthy plant growth and development. Furthermore, calcium chloride's is used in industrial and waste water treatment applications to remove the undesired impurities due to its hygroscopic nature. However, the ill effects of calcium chloride such as kidney stones, coma, bone and joint pain and irregular heartbeat are likely to restrict the growth of the global calcium chloride market. Also, the supply chain disruption in the COVID-19 pandemic and trade restrictions imposed by several countries across the globe to curb the outbreak of COVID-19 has significantly affected global logistics and transportation, which has affected on the North America liquid calcium chloride market.

Report Summary

The study of the North America Liquid Calcium Chloride Market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the liquid calcium chloride industry for the period 2016-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the North America Liquid Calcium Chloride Market across 11 Chapters and 107 pages. The report includes data presentation across 21 tables and 31 statistical figures. 

The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers is moderate and competitive rivalry is high. 

The subsequent section provides details of the market analysis based on different segments such as type, application and country. The report also covers extensively about the key competitors in the market for liquid calcium chloride. 

Impact of COVID-19 on North America Liquid Calcium Chloride Market 

The demand for liquid calcium chloride product remains consistent among consumers as it is consumed on a daily basis. The outbreak of the novel coronavirus has significantly affected the growth of the liquid calcium chloride market. This decline in growth in the market can be attributed to disruption in the supply chain. Moreover, halt in the production of calcium chloride and its processing due to lockdown and social distancing being practiced all around the world have adversely affected the growth of this industry. The calcium chloride market on the other hand has not experienced a steep down trend, in terms of demand, as it remains somewhat similar prior to the virus outbreak being a daily consumable item. This disparity in the availability of product and its demand is expected foster quick recovery of the market once the pandemic ends. Also, strong global concerns about the pandemic coronavirus have largely but negatively influenced the North American chemical industry. Moreover, due to spread of this virus, the prices of calcium chloride are likely to rise in 2020 as compared to previous year, to overcome economic instability. The significant decrease in the Calcium chloride market size in 2020 is estimated on the basis of the COVID-19 outbreak and its impact on the economies and industries across the globe.

Key Takeaways from the North America Liquid Calcium Chloride Market Report

• Based on type, the 30-35% segment holds the highest share in the North America liquid calcium chloride market in 2021. Also, 30-35% segment is anticipated to grow at the highest CAGR during the forecast period.
• In terms of application, the de-icing held the largest share in the liquid calcium chloride market in 2021 and is also growing at the highest CAGR during the forecast period. The de-icing sector is projected to grow significantly, mainly due to the increasing use of de-icing agents over the past few years in several developed nations.
• US is expected to be the leading market in the region and is also anticipated to hold the highest CAGR over the forecast period owing to the increasing presence of major production plants and rise in demand for de-icing.

Recent Developments by Key Players in the Market

• On October 3, 2019: Occidental Chemical Corporation starts up first-of-its-kind solar facility in Permian Basin- Occidental announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation, also Oxy Low Carbon Ventures (OLCV) subsidiary, announced that it has signed a long-term power purchase agreement for 109 MW of solar energy, beginning in 2021, for use in its Permian operations.
• On January 31, 2020: Solvay divestment of polyamide business– Solvay and BASF have reached an agreement with domo chemicals whereby domo chemicals acquired the solvay polyamide assets that needed to be divested to a third party as part of the European Commission's merger control clearance process.
• On March 1, 2018: TETRA Technologies, Inc. signs agreements to divest its offshore decommissioning services and maritech businesses- TETRA Technologies, Inc. signed definitive agreements to divest its offshore heavy lift, plugging and abandonment, decommissioning, cutting, diving and related consulting services businesses and its maritech operations, along with all of maritech's related asset retirement obligations.

Competitive Landscape

The key players in the North America Liquid Calcium Chloride Market are Occidental Chemical Corporation, Nedmag B.V., Ward Chemical Ltd., Solvay, Tiger Calcium, TETRA Technologies, Inc., Hill Brothers Chemical Co., Zirax Limited, Keg River and Weifang Taize Chemical Industry Co., Ltd. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

North America Liquid Calcium Chloride Market is segmented based on type, application and country. The industry trends in the liquid calcium chloride market are sub-divided into different categories in order to get a holistic view of the North America marketplace. 

Following are the different segments of the North America Liquid Calcium Chloride Market:

By Type segment of the North America Liquid Calcium Chloride Market is sub-segmented into:

• <30%
• 30-35%
• 35-38%
• Others

By Application segment of the North America Liquid Calcium Chloride Market is sub-segmented into:

• Concrete Accelerator
• Animal Feed
• Dust Control
• De-icing
• Oil & Gas
• Tire Ballast
• Fertilizer
• Others

By Country segment of the North America Liquid Calcium Chloride Market is sub-segmented into:

• The U.S.
• Canada
• Mexico