A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Calcium
Formate
Market. The
study, titled “Calcium
Formate Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Calcium
formate is widely preferred as a masking agent in the leather
industry for the chrome tanning process. As an additive to cement,
calcium formate imparts several advantageous properties to the final
product viz. decreased setting time and increased hardness in
comparison to ordinary cements. Calcium formate is frequently used as
a component of ensiling agent for silage treatment. Use of calcium
formate in the silage suppresses the formation of side reaction
products such as propionic acid, while promoting the formation of
desirable lactic acid in anaerobic fermentation. Calcium formate has
the ability to accelerate the setting time of concrete. Calcium
formate and mixture of ammonium nitrate or peroxide, chlorate,
superoxide, perchlorate, or permanganate of an alkali metal speedily
evolve large volumes of gas when ignited. This gas can be useful for
the inflation of automobile passenger restraint bags or other similar
applications.
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Calcium
formate is preferred as a fuel component in explosives designed to
have improved deflagration behavior. Mixture of calcium formate with
urea is an excellent agent for ice-melting. Calcium formate is
preferred as an additive to improve solution stability of various
resins, as a corrosion inhibitor in molding and wire-drawing
operations, and as a catalyst in place of calcium acetate. Calcium
formate is a potential food additive and animal feed. It is suitable
for use in pig and poultry diets. Calcium formate helps stabilize
enzymes in detergents. The growing cement & leather industry is
expected to drive the global calcium formate market in the next six
years. The global calcium formate market is projected to expand at a
steadily paced CAGR from 2016 to 2024.
Calcium
formate is calcium salt of formic acid. It is typically odorless.
Calcium formate exists as a white, free–flowing, crystalline solid.
It is also known as formic acid calcium salt, calcium diformate, or
calcoform. The molecular formula of calcium formate is C2H2CaO4. The
salt can be produced synthetically from high-temperature and
high-pressure reaction between calcium hydroxide and carbon monoxide.
Calcium formate is also available industrially as a byproduct, from
the preparation of pentaerythritol and other polyhedric alcohols and
of disodium dithionite. It is a handy source of calcium and formate
ions for aqueous solutions. Calcium formate is non-hygroscopic and it
has low toxicity. The salt may cause irritation to skin and eyes. It
can also cause gastrointestinal irritation with nausea, vomiting, and
diarrhea.
Asia
Pacific is projected to be the speedily expanding market for calcium
formate in the next six years. The key reason for this is the rising
demand for calcium formate from developing countries such as China
and India. Cement and leather are the major end-user industries of
calcium formate. Asia Pacific is also the leading producer of calcium
formate, followed by Europe.
Some
of the major companies operating in the global calcium formate market
are Perstorp Holding AB, ZIBO RUIBAO CHEMICAL CO., LTD., Shandong
Baoyuan Chemical Co., Ltd., LANXESS AG, GEO Specialty Chemicals,
Chongqing Chuandong Chemical (Group) Co., Ltd., Jiangsu Ruiyang
Chemical Co., Ltd., Shandong Xinruida Chemical Industry Co., Ltd.,
Hangzhou Focus Chemical Co., Ltd., Zouping Fenlian Chemical Co.,
Ltd., PuYang YongAn Chemical Co., Ltd. (YACC), Feicheng Acid Chemical
Co., Ltd., and Hubei Hengxin Chemical Co., Ltd.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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