Calcium Formate Market Trends, Demand and Forecast 2034

The white, crystalline powder calcium formate, a calcium salt of formic acid, is widely used in many different sectors due to its many different functional qualities. It is a useful preservative and additive with the chemical formula Ca(HCOO)₂. It is primarily used in the construction industry to improve early strength, shorten curing times, and speed up the setting time of cement and concrete, especially in cold climates. As a feed additive in agricultural and animal husbandry, calcium formate enhances the growth rates and digestive health of livestock while also prolonging the meal’s shelf life due to its preservation properties.

According to SPER market research, ‘Global Calcium Formate Market Size- By Grade, By Application, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Calcium Formate Market is predicted to reach 1.47 billion by 2034 with a CAGR of 5.75%.

Drivers:

In recent years, the demand for animal feed additives, such as calcium formate, is boosting market growth. As livestock production increases to meet global food needs, there is a stronger emphasis on improving animal health, nutrition, and performance. Calcium formate improves feed efficiency and animal growth, making it increasingly popular among producers. Its benefits include better digestion, lower risk of digestive issues, and improved nutrient absorption. Additionally, it acts as a preservative, extending feed shelf life. The growing focus on animal welfare and productivity is expected to maintain the rising demand for calcium formate in the feed additive market.

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Restraints:

Fluctuations in prices for calcium formate, like many chemicals, depend on several factors. These include market demand, supply chain issues, currency exchange rates, geopolitical events, and regulatory changes. These factors have a particularly strong impact on the primary components of calcium formate, calcium carbonate, and formic acid. Short-term price changes can result from supply and demand, energy costs, and market speculation. Seasonal changes in agricultural products for formic acid also play a role. Businesses need to monitor these factors closely to manage costs and remain competitive.

In 2024, the Asia Pacific region dominated the market, accounting for the greatest revenue share. This is due to factors such as infrastructure expansion, construction activity, and increased demand for animal feed additives. Population expansion, urbanisation, and economic development are all contributing to Asia Pacific’s thriving building sector. Some of the key market players are LANXESS, Perstorp Holding AB, Chongqing Chuandong Chemical (Group) Co. Ltd, Zibo ruibao chemical Co., LTD, and others.

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Calcium Formate Market Growth

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