Calcium Chloride Anhydrous Powder Is The Largest Segment Driving The Growth Of Calcium Chloride Powder Anhydrous Market

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The global Calcium Chloride Powder Anhydrous Market is estimated to be valued at US$ 159.25 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Calcium chloride anhydrous powder is a white odorless powder soluble in water and ethanol. It is widely used as a desiccant for drying applications in industrial processes, food processing, construction materials etc. due to its hygroscopic nature.

Market Key Trends:

One of the key trends driving the growth of calcium chloride anhydrous powder market is its increasing use in dust control and road stabilization applications. Calcium chloride anhydrous powder acts as a hygroscopic road stabilizer. When applied to dirt roads, it absorbs moisture from the air and binds to the soil or gravel particles, packing the top layer and preventing the formation of dust. This has made it a preferred alternative to traditional chemicals used for dust control and road stabilization. The growth in infrastructure projects, especially in developing regions is expected to boost the demand for calcium chloride anhydrous powder over the forecast period.

SWOT Analysis:

  • Strengths: Highly soluble and hygroscopic in nature; Effective de-icer at lower temperatures compared to rock salts; Rapid melting capability.
  • Weaknesses: Corrosive to metals; High production costs.
  • Opportunities: Increasing road construction and maintenance activities creating demand; Growing popularity as dust suppressant.
  • Threats: Availability of substitute products; Stringent environmental regulations.

Key Takeaways:

The global calcium chloride anhydrous powder market is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing construction activities and road maintenance budgets.

Regionally, North America dominated the market in 2023 and is expected to maintain its lead over 2023-2030 timeframe as well supported by harsh winters and stringent road safety norms in Canada and U.S. Asia Pacific is expected to be the fastest growing market exhibiting a CAGR of over 6% due to increasing industrialization and infrastructure development in China and India.

Key players operating in the calcium chloride anhydrous powder market are TETRA Technologies inc., Occidental Petroleum Corporation, Zirax LLC., HaloPolymer Trading Inc., Nedmag B.V., Shandong Haihua Group Co. Ltd., Tangshan Sanyou Zhida Calcium Industry Co. Ltd., Juhua Group Corporation, American Elements Corp,. and Shouguang Jinlei Chemical Co. Ltd.