Calcium Formate Market to Reach $1.27 Billion by 2032, Driven by Construction and Agriculture Demand in Asia-Pacific
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Global calcium formate market size was valued at $687.5 million in 2022 and is projected to reach $1.27 billion by 2032, growing at a CAGR of 5.6% from 2023-2032.
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Asia-Pacific dominated the global market in 2022 with a 40% share due to strong demand from construction and agriculture sectors.
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By grade, the industrial grade segment accounted for the largest share in 2022 and is expected to dominate during the forecast period.
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Concrete additive was the leading application segment in 2022 and will maintain dominance through 2032, driven by demand for sustainable construction materials.
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Key players in the global calcium formate market include SIDLEY CHEMICAL CO. LTD., Zouping Fenlian Biotech Co. Ltd., American Elements, and Minerals Technologies Inc. among others.