LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global calcium chloride market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The global calcium chloride market is expected to reach around USD 1.21 billion by 2021 owing to the increasing demand for calcium chloride from various end-use industries such as de-icing and dust control industry, oil and gas industry, construction, and pharmaceuticals. De-icing and dust control industry had the largest application of calcium chloride and accounted for 46.99% of total market share in 2016.
Competitive vendor landscape
The big players have a prominent geographical presence along with the huge production facilities located in various regions such as China, the US, and Europe. Also, there are a sizeable number of other vendors who have significant shares in the market. These vendors include Qingdao Huadong Calcium Producing Co. Ltd., Ward Chemical, Weifang Haibin Chemical, Zirax, and Tengfei Chemical Calcium.
“The rising demand for calcium chloride across various applications such as de-icing and dust control industry, oil and gas industry, and construction and pharmaceuticals are re-intensifying competition and pushing the vendors to reduce the prices of their products,” says Ajay Adhikary, a lead specialty chemicals research analyst from Technavio.
Calcium chloride is a low technology product and the demand for calcium chloride in the next five years is likely to grow with the overall growth in the end-use industries such as food and beverages and agriculture.
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Top five calcium chloride market vendors
Occidental Chemical Corporation (OxyChem)
Occidental Chemical Corporation offers high-quality calcium chloride for de-icing and prewetting applications under the trade names of PELADOW (calcium chloride pellets used for de-icing), COMBOTHERM (commercial strength blended deicer), DOWFLAKE Xtra (83-87% calcium chloride), LIQUIDOW (technical grade calcium chloride solution).
Solvay offers calcium chloride primarily for the food and beverages industry. Calcium chloride is used in cheese processing to enhance firmness. The company also offers calcium chloride for fruits and vegetables to increase shelf life. Solvay offers high-quality calcium chloride that can be used as a salt substitute.
Tangshan Sanyou Group
Tangshan Sanyou Group is primarily engaged in the manufacturing and sales of soda ash products in China. The company is a prominent player in soda chemical fiber industry in Asia. The company is one of the leading chemical company in Asia. It manufactures dense and light soda ash, extrusion dense and hydration dense soda ash, food additive soda ash, super-low salt, industrial soda ash, viscose fiber, caustic soda products and PVC.
TETRA Technologies is a vertically integrated oil and energy company. It manufactures, markets and distributes calcium chloride for its completion fluids business and numerous other application based companies such as construction, pharmaceutical, and industrial processing.
Tiger Calcium Services
Tiger Calcium Services is constantly expanding their services and are currently focusing on transporting molten sulfur. It has expanded its capacity of 10 insulated Super-B trailers till date. The company initiated a new state-of-the-art plant, expanding thrice the size of the previous facility. The new plant is equipped to produce 1000 liquid tonnes of calcium chloride daily.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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