Calcium formats is one of the most versatile chemicals, and is extensively applicable in a number of industries such as the production of concrete and cement, leather, and animal feed. In addition, recent findings on the advantages of including organic acids in animal feed has created new opportunities for calcium formate producers in the field of animal nutrition. The global calcium formate market is anticipated to rise with a steady CAGR of ~4 per cent through 2027. The manufacturers had produced global sales of nearly 700 kilo tons with a valuation of ~USD 410 million in the preceding year. A study of the global calcium formate industry is collated and published in the report titled, "Calcium Formate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027" that has been added to the extensive research repository of Market Research Hub (MRH).
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Application in Animal Nutrition Increases Production
On one hand, the growth of the calcium formate market can be largely attributed to the increased use of industrial grade variants for the cement and concrete industries. On the other hand, the easy availability of alternatives such as silicates, carbonates, and chlorides is restricting the producers.
These restrictions are increasingly being offset by the application of calcium formate in animal feeds. In this field, the stringent regulations and quality standards in the EU and the US will impact the market for years to come. Further new trends in the animal feed industry are encouraging the use of organic acids to boost advantages such as anti-microbial characteristics and increased nutrition.
Asia Pacific countries are market leaders, who generate approximately 60 per cent of the global revenue. This can be attributed to increased meat consumption trends, relaxed regulatory frameworks, and a strong presence of the animal feed industry in the region. Front runners of the calcium formate market include Henan Botai Chemical Building Materials Co., Ltd., Perstorp, GELEST, INC., and GEO Specialty Chemicals.
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Calcium Formate Market: Summary of Report
The report on the calcium formate industry provides the readers with an in depth analysis on the landscape of industrial ingredients around the globe. Industry-based forecasting models include a complete analysis of the research publications and primary interviews with producers along with the relevant consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry leaders, industry experts and analysts to provide essential validations of the production volume and relevant conclusions in the study.
The calcium formate report forecasts performance of the market progress in terms of volume trajectories by different categories including the cost of production and raw materials, in addition to factors such as the growth of the market. For each of these categories, business development strategies and market projections that have been adopted by key market players for specific strategies have also been included in the report.
Valuable insights which can be helpful for manufacturers that are operating in the calcium formate industry are provided in the report. Also, a study of barriers to market entry, pricing analysis, market expansion strategies, and supply to demand equations makes the report a very credible source of information for business professionals interested in the calcium formate market.
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