According to the latest report by IMARC Group, titled, “GCC Calcium Chloride Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The GCC calcium chloride market is expected to exhibit a CAGR of 4.90% during 2022-2027.
Calcium chloride (CaCl2) is a white crystalline solid, inorganic compound, salt characterized by high solubility in water. It is hygroscopic and used as a desiccant in water treatment plants to maintain a constant state of dryness. It is also efficient in preventing ice formation on road surfaces and commonly used as dicer. It acts as an electrolyte that aids the body in maintaining fluid through activities and improving muscle and nerve functioning.
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GCC Calcium Chloride Market Trends and Drivers:
The increasing drilling and production activities in the onshore and offshore sites, in confluence with significant growth in the oil and gas industry, represent one of the major factors positively influencing the demand for CaCl2 in the GCC region. In addition, it is employed in the construction industry as a building material. This, in confluence with the rising construction in residential, commercial, and industrial spaces, is contributing to the market growth in the region. Apart from this, the growing focus on enhancing crop protection and the increasing adoption of modern farming practices to minimize plant diseases are driving the demand for CaCl2 in the agriculture industry. Besides this, the expanding applications of CaCl2 in metallurgy, rubber, dye, paper, and paint industries are anticipated to strengthen the market.
GCC Calcium Chloride Market 2022-2027 Competitive Analysis and Segmentation:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on application, product type, raw material and grade.
Breakup by Application:
- Dust Control and Road Stabilization
- Drilling Fluids
- Industrial Processing
Breakup by Product Type:
- Hydrated Solid
- Anhydrous Solid
Breakup by Raw Material:
- Natural Brine
- Solvay Process (by-Product)
- Limestone and HCL
Breakup by Grade:
- Food Grade
- Industrial Grade
Breakup by Country:
- Saudi Arabia
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