The Latin America, Middle East and Africa Calcium Formate Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 148.6 Kilo Tonnes, showcasing a growth of 7.0% (2023-2030).
Urbanization is often accompanied by rapid population growth in urban areas. This leads to increased demand for infrastructure, including residential buildings, commercial spaces, and transportation systems, where these find applications. Ongoing research and development in concrete technology, including using accelerators like these, contribute to advancements in construction materials suitable for modern urban development. The trend towards vertical urbanization, with the construction of high-rise buildings, increases the need for efficient concrete construction.
Calcium formate's compliance with building codes and safety regulations in the construction industry ensures that it meets the necessary standards for use in concrete and other construction applications. Its role as an alternative to antibiotics aligns with regulatory trends aiming to reduce the reliance on antibiotics in animal husbandry. Regulatory compliance includes labelling and reporting obligations. Manufacturers providing transparent information about their composition and usage contribute to market expansion by building trust with consumers and industries.
According to the International Trade Administration and industry experts, the value of the UAE’s construction industry is projected to increase by between 3.7% and 4.7% over the next five years. The nation’s development agenda will promote growth centred on expanding its industrial, travel, and energy infrastructure. In regions with extreme temperatures, including occasional cold weather in the UAE, calcium formate is utilized to improve the performance of concrete during cold weather concreting. Due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Calcium Formate Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $27.7 Million by 2030. The Argentina market is showcasing a CAGR of 8.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Calcium Formate Market is Projected to reach USD 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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