According to a new report, published by KBV research, The Global Calcium Formate Market size is expected to reach $1.1 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,264.4 Kilo Tonnes, experiencing a growth of 5.0% (2019-2022).
The Feed Additive segment is exhibiting a CAGR of 5.7% during (2023 - 2030). Calcium formate can enhance the digestibility of nutrients in animal feed. Its inclusion in animal diets promotes efficient nutrient absorption, improving livestock growth, development, and overall nutrient utilization. In poultry farming, it has positive effects on egg production. It supports the development of strong eggshells, contributing to better egg quality. Additionally, it enhances poultry's overall health and vitality, which is essential for commercial egg production.
The Industrial Grade segment is registering the maximum revenue in the Global Calcium Formate Market by Grade in 2022; thereby, achieving a market value of $624.2 Million by 2030. Calcium formate is a concrete accelerator, particularly valuable in cold weather conditions where traditional curing processes might be hindered. Its ability to expedite the curing and setting of concrete allows for faster construction progress, reducing project timelines significantly. It acts as a catalyst and stabilizing agent in the production of formic acid.
The Animal Husbandry segment is experiencing a CAGR of 6.4% during (2023 - 2030). Calcium formate's antimicrobial properties contribute to improved animal health by creating a favourable environment in the digestive system. The compound helps inhibit the growth of harmful bacteria, supporting overall gut health in livestock. It enhances the digestibility of nutrients in animal feed, contributing to better nutrient absorption. This results in improved overall digestive efficiency, supporting the health and growth of animals.
The Asia Pacific region dominated the Global Calcium Formate Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $439.4 Million by 2030. The Europe region is anticipated to grow at a CAGR of 4.6% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/calcium-formate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
