The North America Calcium Formate Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 264.7 Kilo Tonnes, showcasing a growth of 4.7% (2019-2022).
Calcium formate, a calcium salt of formic acid, is either a byproduct of the production of trimethylolpropane or is generated from calcium hydroxide and carbon monoxide. The main process of manufacture is the reduction reaction of formic acid with calcium hydroxide or calcium carbonate. This method produces a superior quality product with a reduced insoluble water content. Formicate is the mineral form of calcium methanoate. It can form orthorhombic crystals at room temperature and is flammable and stable.
The construction industry stands out as a major driver of calcium formate adoption. The compound is widely recognized for its role as a concrete accelerator. Its ability to accelerate the curing process enhances the efficiency of construction projects, reducing the time and costs associated with delayed concrete setting. As urbanization and infrastructure development continue, the demand for this in the construction sector is expected to increase further. The need for sustainable and eco-friendly feed additives primarily drives the adoption of this in agriculture.
According to U.S. Census Bureau estimates, spending on construction was $1,972.6 billion (seasonally adjusted annual rate) in July 2023, which is 0.7 percent (0.5 percent) more than the previously anticipated $1,958.9 billion in June. The July 2023 amount is 5.5% (1.2%) greater than the July 2022 estimate of $1,869.3 billion. Construction spending reached $1,101.5 billion in the first seven months of 2023; a 3.7 percent (1.0 percent) increase over the $1,062.1 billion spent during the same period in 2022. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Calcium Formate Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $185.6 Million by 2030. The Canada market is experiencing a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.3% during (2023 - 2030).
Based on Application, the market is segmented into Concrete Additive, Feed Additive, Textile Dyeing & Finishing, and Others. Based on Grade, the market is segmented into Industrial Grade, and Feed Grade. Based on End-use, the market is segmented into Construction, Leather & Textile, Animal Husbandry, Power Generation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Calcium Formate Market is Predict to reach $1.1 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lanxess AG, Chongqing Chuandong Chemical (Group) Co., Ltd., Zibo ruibao chemical co. LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co.,Ltd., SIDLEY CHEMICAL CO.,LTD., American Elements, Minerals Technologies Inc., Cerne Calcium Company, and Hangzhou Focus Chemical Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Concrete Additive
- Feed Additive
- Textile Dyeing & Finishing
- Others
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Industrial Grade
- Feed Grade
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Construction
- Leather & Textile
- Animal Husbandry
- Power Generation
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Lanxess AG
- Chongqing Chuandong Chemical (Group) Co., Ltd.
- Zibo ruibao chemical co. LTD.
- Henan Botai Chemical Building Material Co., Ltd.
- Shandong Baoyuan Chemical Co.,Ltd.
- SIDLEY CHEMICAL CO.,LTD.
- American Elements
- Minerals Technologies Inc.
- Cerne Calcium Company
- Hangzhou Focus Chemical Co., Ltd.
TABLE 1 North America Calcium Formate Market, 2019 - 2022, USD Million
TABLE 2 North America Calcium Formate Market, 2023 - 2030, USD Million
TABLE 3 North America Calcium Formate Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Calcium Formate Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Calcium Formate Market by Application, 2019 - 2022, USD Million
TABLE 6 North America Calcium Formate Market by Application, 2023 - 2030, USD Million
TABLE 7 North America Calcium Formate Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Calcium Formate Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Concrete Additive Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Concrete Additive Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Concrete Additive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Concrete Additive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Feed Additive Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Feed Additive Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Feed Additive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Feed Additive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Textile Dyeing & Finishing Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Textile Dyeing & Finishing Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Textile Dyeing & Finishing Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Textile Dyeing & Finishing Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Calcium Formate Market by Grade, 2019 - 2022, USD Million
TABLE 26 North America Calcium Formate Market by Grade, 2023 - 2030, USD Million
TABLE 27 North America Calcium Formate Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Calcium Formate Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Industrial Grade Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Industrial Grade Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Industrial Grade Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Industrial Grade Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Feed Grade Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Feed Grade Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Feed Grade Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Feed Grade Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Calcium Formate Market by End-use, 2019 - 2022, USD Million
TABLE 38 North America Calcium Formate Market by End-use, 2023 - 2030, USD Million
TABLE 39 North America Calcium Formate Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Calcium Formate Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Construction Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Construction Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Leather & Textile Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Leather & Textile Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Leather & Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Leather & Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 North America Animal Husbandry Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Animal Husbandry Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Animal Husbandry Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 North America Animal Husbandry Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 North America Power Generation Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Power Generation Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Power Generation Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 North America Power Generation Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 59 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 North America Calcium Formate Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Calcium Formate Market by Country, 2023 - 2030, USD Million
TABLE 63 North America Calcium Formate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 North America Calcium Formate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 US Calcium Formate Market, 2019 - 2022, USD Million
TABLE 66 US Calcium Formate Market, 2023 - 2030, USD Million
TABLE 67 US Calcium Formate Market, 2019 - 2022, Kilo Tonnes
TABLE 68 US Calcium Formate Market, 2023 - 2030, Kilo Tonnes
TABLE 69 US Calcium Formate Market by Application, 2019 - 2022, USD Million
TABLE 70 US Calcium Formate Market by Application, 2023 - 2030, USD Million
TABLE 71 US Calcium Formate Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 US Calcium Formate Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 US Calcium Formate Market by Grade, 2019 - 2022, USD Million
TABLE 74 US Calcium Formate Market by Grade, 2023 - 2030, USD Million
TABLE 75 US Calcium Formate Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 76 US Calcium Formate Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 77 US Calcium Formate Market by End-use, 2019 - 2022, USD Million
TABLE 78 US Calcium Formate Market by End-use, 2023 - 2030, USD Million
TABLE 79 US Calcium Formate Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 80 US Calcium Formate Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 81 Canada Calcium Formate Market, 2019 - 2022, USD Million
TABLE 82 Canada Calcium Formate Market, 2023 - 2030, USD Million
TABLE 83 Canada Calcium Formate Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Canada Calcium Formate Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Canada Calcium Formate Market by Application, 2019 - 2022, USD Million
TABLE 86 Canada Calcium Formate Market by Application, 2023 - 2030, USD Million
TABLE 87 Canada Calcium Formate Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Canada Calcium Formate Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Canada Calcium Formate Market by Grade, 2019 - 2022, USD Million
TABLE 90 Canada Calcium Formate Market by Grade, 2023 - 2030, USD Million
TABLE 91 Canada Calcium Formate Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 92 Canada Calcium Formate Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 93 Canada Calcium Formate Market by End-use, 2019 - 2022, USD Million
TABLE 94 Canada Calcium Formate Market by End-use, 2023 - 2030, USD Million
TABLE 95 Canada Calcium Formate Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 96 Canada Calcium Formate Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 97 Mexico Calcium Formate Market, 2019 - 2022, USD Million
TABLE 98 Mexico Calcium Formate Market, 2023 - 2030, USD Million
TABLE 99 Mexico Calcium Formate Market, 2019 - 2022, Kilo Tonnes
TABLE 100 Mexico Calcium Formate Market, 2023 - 2030, Kilo Tonnes
TABLE 101 Mexico Calcium Formate Market by Application, 2019 - 2022, USD Million
TABLE 102 Mexico Calcium Formate Market by Application, 2023 - 2030, USD Million
TABLE 103 Mexico Calcium Formate Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 104 Mexico Calcium Formate Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 105 Mexico Calcium Formate Market by Grade, 2019 - 2022, USD Million
TABLE 106 Mexico Calcium Formate Market by Grade, 2023 - 2030, USD Million
TABLE 107 Mexico Calcium Formate Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 108 Mexico Calcium Formate Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 109 Mexico Calcium Formate Market by End-use, 2019 - 2022, USD Million
TABLE 110 Mexico Calcium Formate Market by End-use, 2023 - 2030, USD Million
TABLE 111 Mexico Calcium Formate Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 112 Mexico Calcium Formate Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 113 Rest of North America Calcium Formate Market, 2019 - 2022, USD Million
TABLE 114 Rest of North America Calcium Formate Market, 2023 - 2030, USD Million
TABLE 115 Rest of North America Calcium Formate Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Rest of North America Calcium Formate Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Rest of North America Calcium Formate Market by Application, 2019 - 2022, USD Million
TABLE 118 Rest of North America Calcium Formate Market by Application, 2023 - 2030, USD Million
TABLE 119 Rest of North America Calcium Formate Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 120 Rest of North America Calcium Formate Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 121 Rest of North America Calcium Formate Market by Grade, 2019 - 2022, USD Million
TABLE 122 Rest of North America Calcium Formate Market by Grade, 2023 - 2030, USD Million
TABLE 123 Rest of North America Calcium Formate Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 124 Rest of North America Calcium Formate Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 125 Rest of North America Calcium Formate Market by End-use, 2019 - 2022, USD Million
TABLE 126 Rest of North America Calcium Formate Market by End-use, 2023 - 2030, USD Million
TABLE 127 Rest of North America Calcium Formate Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 128 Rest of North America Calcium Formate Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 129 key Information – Lanxess AG
TABLE 130 Key Information – Chongqing Chuandong Chemical (Group) Co., Ltd.
TABLE 131 Key Information – Zibo ruibao chemical co. LTD.
TABLE 132 Key Information – Henan Botai Chemical Building Material Co., Ltd.
TABLE 133 Key Information – Shandong Baoyuan Chemical Co.,Ltd.
TABLE 134 Key Information – SIDLEY CHEMICAL CO.,LTD.
TABLE 135 Key Information – American Elements
TABLE 136 Key Information – Minerals Technologies Inc.
TABLE 137 Key Information – Cerne Calcium Company
TABLE 138 Key Information – Hangzhou Focus Chemical Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Calcium Formate Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Calcium Formate Market
FIG 4 Porter’s Five Forces Analysis - Calcium Formate Market
FIG 5 North America Calcium Formate Market share by Application, 2022
FIG 6 North America Calcium Formate Market share by Application, 2030
FIG 7 North America Calcium Formate Market by Application, 2019 - 2030, USD Million
FIG 8 North America Calcium Formate Market share by Grade, 2022
FIG 9 North America Calcium Formate Market share by Grade, 2030
FIG 10 North America Calcium Formate Market by Grade, 2019 - 2030, USD Million
FIG 11 North America Calcium Formate Market share by End-use, 2022
FIG 12 North America Calcium Formate Market share by End-use, 2030
FIG 13 North America Calcium Formate Market by End-use, 2019 - 2030, USD Million
FIG 14 North America Calcium Formate Market share by Country, 2022
FIG 15 North America Calcium Formate Market share by Country, 2030
FIG 16 North America Calcium Formate Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Lanxess AG
FIG 18 SWOT Analysis: CHONGQING CHUANDONG CHEMICAL (GROUP) CO., LTD.
FIG 19 SWOT Analysis: Zibo ruibao chemical co. LTD.
FIG 20 SWOT Analysis: Henan Botai Chemical Building Material Co., Ltd.
FIG 21 SWOT Analysis: Shandong Baoyuan Chemical Co.,Ltd.
FIG 22 SWOT Analysis: SIDLEY CHEMICAL CO.,LTD.
FIG 23 SWOT Analysis: American Elements
FIG 24 SWOT Analysis: MINERALS TECHNOLOGIES INC.
FIG 25 SWOT Analysis: CERNE CALCIUM COMPANY
FIG 26 SWOT Analysis: HANGZHOU FOCUS CHEMICAL CO., LTD.