North America liquid calcium chloride market is estimated to reach US$ 7,013 Mn by 2027. Volume of the same is expected to cross 935.2 kilo tons by the end of the forecast period. CAGR of the market was registered to be 6% and 6.2% in terms of revenue and volume, respectively. Increasing use of calcium chloride in the agriculture and construction sector is projected to drive the market during the prognosis period.
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. In most of the construction work, Calcium chloride is used for base stabilization which requires maximum density and density can be obtained for moisture control, which is why calcium chloride is economical and dependable additive option for obtaining moisture during construction. Growing construction industry in the region and increasing application of the calcium chloride in ready-made concrete production business is likely to boost the demand for calcium chloride in the coming future. Calcium chloride has been gaining unique place in the ready-made concrete production as it is an admixture that speeds up the hydration process and makes concrete set quicker with high initial strength. According to U.S. Census, the spending in construction sector in the region has led by the public investment across both nonresidential buildings and nonresidential structures. The residential construction industry in the region is likely to grow at a rate of 6.7% in the coming future. Growing spending on infrastructural developments by USA governments is also likely to spur the market growth. For instance, Trump Administration in February 2018; released its infrastructure initiative to modernize the country’s infrastructure sector. The initiative, which is estimated to cost US$200 billion, seeks to spur US$1.5 trillion billion in state, local and private infrastructure investments over the next ten years. These factors is likely to indirectly impact on the growth of the North America liquid calcium chloride market.
Decay and physiological disorders in the plants are results of the deficiency of the calcium chloride in the plants. That is why, Calcium chloride products are used as a plant nutrient in pre-harvest treatments of crop foliage, fruits, and vegetables. 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. Calcium chloride is likely to gain major traction as plant nutrients and growth promoter as day-by-day soil heath and its fertility has been consistently decreasing owing to various reason including soil erosion, deforestation, and high use of the chemicals-based agriculture inputs, which leads to increase the demand for the calcium chloride through Argo- chemicals.
Calcium chloride’s is used in industrial and wastewater treatment applications to remove the undesired impurities. Its hygroscopic nature drives the growth of the market in wastewater treatment due to its low- cost calcium ion source and pH regulations for wastewater effluent treatment. Moreover, it absorbs water from the air. This can result in corrosion at lower levels and long durations of relative humidity. These factors collectively are anticipated to promote the high growth rate of North America liquid calcium chloride market
Manufacturers and distributors of the liquid calcium chloride in the region include Occidental Petroleum Corp., Nedmag B.V., Ward Chemical Ltd., Solvay, Tiger Calcium, TETRA Technologies, Inc., Hill Brothers, chemical Co., Zirax Limited, Keg River, Weifang Taize Chemical Industry Co., Ltd. among others.
Companies in the market are majorly leaned towards expanding their geographical presence to maximize the sales and increase the customer base. For instance, Solvay opened two dedicated thermoplastic composites (TPC) innovation centers in the US and Europe to speed up the development of these materials. The Group opened a production line in California to assist customers from aerospace industry, for unique proprietary TPC technology.
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