Calcium Formate Market Analysis

End-user (Construction, Animal Husbandry, Power Generation, Chemicals, Leather & Textile)

The calcium formate market is segmented and analyzed for demand and supply by end-use industry into construction, animal husbandry, power generation, chemicals, and leather & textile. Out of these, the construction segment is expected to garner the largest revenue by the end of 2037, backed by growing construction activities. Also, there has been a rise in the construction of office spaces, hotels, and more, which is also expected to boost the segment’s growth. The major six cities in India saw a net absorption of about 30 million square feet of office space in 2020.

Type (Feed, Industrial Grade)

In a similar vein, the global calcium formate market is segmented by type into feed grade, and industrial grade. Out of these, the feed grade segment is anticipated to spur market expansion owing to the rising use of calcium formate in feed, followed by rising demand for high-quality animal feed that is predicted to boost the segment’s growth in the market. The 2019 Alltech Global Feed Survey found that, compared to 2018, the world's feed production rose by 3% in 2019