Calcium Formate Market Size

Calcium Formate Market size was valued at USD 214.87 million in 2024 and is likely to exceed USD 325.8 million by the end of 2037, registering over 3.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of calcium formate is evaluated at USD 220.54 million..

The growth of the market can be attributed to growing construction activities across the globe, followed by the surging use of calcium formate in the cement industry. Calcium formate increases the hydration level of tricalcium silicate in the cement, and it is expected to boost the market’s growth in the upcoming years. As of 2022, there were approximately 3,784,290 construction companies in the US, a about 4% rise from 2021. Calcium formate is a component of cement additives, concrete accelerators, tile adhesives, and cement-based mortars. The increased use of cement in the building industry has increased the demand for calcium formate. Moreover, it is a cement additive used in the construction industry to shorten the setting time and toughen cement products. Along with other things, cement is also used to create concrete, slabs, sheets, adhesives, bricks, and blocks. Inhibitors, PH regulators, corrosion protection for construction and infrastructure substrates, and cementing for oil drilling are further uses for calcium formate. China, one of the world's top manufacturers and consumers of cement, uses it mostly in the production of concrete. As a result, the growing demand for cement in the building industry is what is driving the global market for calcium formate.

The demand for calcium formate as a feed additive is anticipated to soar in the next few years as governments throughout the world implement regulations on health enhancers used in animal feed. Utilizing nutrient-dense feed improves the digestive health of the animals. To ensure healthy animal growth, this has affected the usage of chemicals and preservatives. Studies predict that sales of calcium formate in the animal feed and sillage treatment businesses would grow at a significant amount in the forecast period. Additionally, the demand for meat and poultry has increased, which offers opportunities for producers of calcium formate.