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Perstorp Holding AB, Zibo Ruibao Chemical Co. Ltd., LANXESS Corporation, Geo Specialty Chemicals, Inc. and Chongqing Chuandong Chemical (Group) Co., Ltd. collectively dominate the calcium formate business with their extensive industry experience, innovative product offerings, and widespread global presence. Perstorp Holding AB is a leading global supplier of calcium formate, offering high-quality products for various industries including construction, feed additives, and food preservation. Leveraging advanced manufacturing processes, Perstorp ensures reliability and consistency in its calcium formate offerings, meeting the diverse needs of customers worldwide. Zibo Ruibao Chemical Co. Ltd. is a leading manufacturer and supplier of calcium formate, providing high-quality products for various industrial applications worldwide. With a strong focus on innovation and customer satisfaction, they play a pivotal role in the global market.
LANXESS Corporation is a leading producer of calcium formate, offering high-quality formulations tailored for various industrial applications, including construction and agriculture. With a strong global presence and expertise in chemical manufacturing, LANXESS is a trusted supplier in the global market. Geo Specialty Chemicals, Inc. is a leading supplier of high-quality calcium formate, catering to diverse industries such as construction, agriculture, and feed additives, ensuring exceptional performance and reliability in various applications. Chongqing Chuandong Chemical (Group) Co., Ltd. is a leading manufacturer and supplier of calcium formate, offering high-quality products tailored to the needs of various industries including construction, agriculture, and food preservation. With a commitment to innovation and sustainability, the company plays a pivotal role in driving the growth and advancements in the calcium formate industry, further solidifying its position as a key player in the market.
These market leaders collectively shape the competitive landscape of the market, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of calcium formate, contributing significantly to the growth and development of the global construction industry.
Major players operating in the market include:
Industrial grade calcium formate segment was worth USD 400 million in 2023 and is set to gain traction through 2032, owing to its wider application scope across diverse industries due to its multifaceted applications.
Global market size for calcium formate was valued at around USD 610 million in 2023 and is anticipated to register a CAGR of over 5.8% between 2024 and 2032, as it serves as a crucial ingredient in tile adhesives, improving adhesion properties and reducing setting times.
Chongqing Chuandong Chemical (Group) Co., Ltd., Command Chemical Corporation, Geo Specialty Chemicals, Inc., Henan Botai Chemical Building Materials Co., Ltd., Jiangxi Kosin Organic Chemical, LANXESS Corporation, Perstorp Holding AB, Shandong Baoyuan Chemical Co., Ltd., Shandong Feicheng Acid Chemicals Co. Ltd. are some of the major industry contenders.
Asia-Pacific market generated a revenue of USD 240 million in 2023 and is set to record notable growth through 2032, driven by rapid urbanization and infrastructure development across countries like China and India.