Calcium chloride is commonly used in the manufacture of plastic, rubber, and other thermally insulating materials. It can be used as an additive or a component in a wide variety of chemical formulations. It can be added to antifreeze, diesel, gasoline, synthetic oil, paint, varnish, polyurethane, lubricants, sealants, pesticides, and many other products. While these products do not require high temperatures to add or remove, they do need to be stored in an environment free of moisture and extreme temperatures. The textile industry has register a robust demand for calcium chloride power in the recent past. It is typically used as a sizing agent as well as in refrigeration plants for the preparation of brine solution. Over the years, the textile industry has emerged as one of the most promising sectors in terms of value and volume, in both developed and emerging economies. As per the India Brand Equity Foundation (IBEF), the Indian textiles and apparel market was valued at US$ 100 billion in 2019, employing around 45 million workers across the country. Hence, such factors can augment growth of the calcium chloride powder anhydrous market.
With respect to geographical footprint, Asia Pacific has witnessed high demand for chloride powder anhydrous over the years. This is due to the fact that there has been a steady growth in the chemicals sector. Furthermore, North America is registering high adoption of chloride powder anhydrous. Rapid growth of the pharmaceutical sector can boost the regional chloride powder anhydrous market growth in the near future.
Recently, in May 2019, Occidental Chemical Corporation, a U.S.-based provider of calcium chloride products, acquired Anadarko Petroleum Corporation for US$ 55 billion.
Calcium chloride powder is one of the most common anhydrous calcium formulations used in various industries. It can be found in a number of common powders, such as Epsom salt, Magnesium sulfate, and Rock Salt. This powdery compound is highly versatile and can be used for a variety of applications. Similarly, other end-use industries such as chemicals, pharmaceuticals, and dyestuff have also exhibited high adoption of anhydrous calcium chloride powder. In medicines, this powder is mainly used as electrolyte replacement as well as an anti-allergic agent. Hence, such advantageous factors can stimulate growth of the calcium chloride powder anhydrous market in the near future.
Despite the fact that there is a massive demand for anhydrous calcium chloride powder, its storage requires specific conditions since it can absorb moisture from the air and convert it into liquid brine. Thus, specialty containers are required to maintain product quality during the storage period. Hence, such adversities can limit growth of the calcium chloride powder anhydrous market.
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