The Europe Calcium Formate Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 217.1 Kilo Tonnes, showcasing a growth of 4.4% (2019-2022).
Farmers are increasingly turning to calcium formate as a viable alternative to traditional antibiotics and growth promoters in animal nutrition. The compound's antimicrobial properties contribute to improved animal health and productivity. This shift in agricultural practices aligns with the trend towards sustainable and responsible farming, emphasizing the importance of natural additives for livestock. The leather industry utilizes this in pickling to enhance efficiency in removing unwanted substances from hides. Additionally, the compound produces formic acid, showcasing its versatility in industrial processes.
Adopting calcium formate in these applications reflects the need for effective and environmentally friendly solutions in diverse manufacturing sectors. This plays a crucial role in animal nutrition as a feed additive. Its antimicrobial properties make it effective in promoting the health and well-being of livestock. This improves animal health, growth, and overall productivity by inhibiting harmful bacteria in the digestive system. This application is gaining significance as an environmentally friendly alternative to traditional antibiotics and growth promoters in animal feed.
The UK government invests over 160 million dollars to improve infrastructure and aid local communities. The expenditure of £35.3 million for essential maintenance on the Tyne Bridge and adjacent Central Motorway, like enhancements to traffic management and cycle route facilities, will generate £130.5 million in economic benefits by enhancing local connectivity. The expansion and maintenance of transportation infrastructure, including roads, bridges, and tunnels, require efficient concrete construction in the UK. The factors mentioned above will drive the regional market growth.
The Germany market dominated the Europe Calcium Formate Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $61 Million by 2030. The UK market is exhibiting a CAGR of 3.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.4% during (2023 - 2030).
Based on Application, the market is segmented into Concrete Additive, Feed Additive, Textile Dyeing & Finishing, and Others. Based on Grade, the market is segmented into Industrial Grade, and Feed Grade. Based on End-use, the market is segmented into Construction, Leather & Textile, Animal Husbandry, Power Generation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Calcium Formate Market will Hit $1.1 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lanxess AG, Chongqing Chuandong Chemical (Group) Co., Ltd., Zibo ruibao chemical co. LTD., Henan Botai Chemical Building Material Co., Ltd., Shandong Baoyuan Chemical Co.,Ltd., SIDLEY CHEMICAL CO.,LTD., American Elements, Minerals Technologies Inc., Cerne Calcium Company, and Hangzhou Focus Chemical Co., Ltd.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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