The anhydrous calcium chloride powder market witnesses strong growth. Western Chemical Corporation completes the acquisition of Anadarko Petroleum Corporation for US$55 billion
Calcium chloride is commonly used in the manufacture of plastics, rubber and other thermal insulation materials. It can be used as an additive or component in various chemical formulations. It can be added to antifreeze, diesel, gasoline, synthetic oil, paint, varnish, polyurethane, lubricants, sealants, pesticides and many other products. Although these products do not require high temperatures to add or remove, they do need to be stored in an environment free of moisture and extreme temperatures. Recently, the textile industry has a strong demand for calcium chloride powder. It is commonly used as a sizing agent and in the preparation of brine solutions in refrigeration equipment. Over the years, whether in developed or emerging economies, the textile industry has become one of the most promising industries in terms of value and quantity. According to data from the Indian Brand Equity Foundation (IBEF), the Indian textile and apparel market was valued at US$100 billion in 2019, employing approximately 45 million workers across the country. Therefore, these factors can promote the growth of the anhydrous calcium chloride powder market.
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In terms of geographic footprint, the Asia-Pacific region has had a high demand for anhydrous chloride powder for many years. This is because the chemical industry has been growing steadily. In addition, North America is adopting a large amount of anhydrous chloride powder. The rapid growth of the pharmaceutical sector can promote the growth of the regional anhydrous chloride powder market in the near future.
Recently, in May 2019, Western Chemical Corporation, a US supplier of calcium chloride products, acquired Anadarko Petroleum for US$55 billion.
Calcium chloride powder is one of the most commonly used anhydrous calcium preparations in various industries. It is found in many common powders, such as Epsom salt, magnesium sulfate, and rock salt. This powdery compound has a wide range of uses and can be used in various applications. Similarly, other terminal industries such as chemical industry, pharmaceuticals, dyes, etc. also have a higher adoption rate of anhydrous calcium chloride powder. In medicine, this powder is mainly used as an electrolyte substitute and anti-allergic agent. Therefore, these favorable factors can stimulate the growth of the anhydrous calcium chloride powder market in the near future.
Although there is a great demand for anhydrous calcium chloride powder, its storage requires specific conditions because it can absorb moisture from the air and convert it into liquid brine. Therefore, special containers are needed to maintain product quality during storage. Therefore, this adversity will limit the growth of the anhydrous calcium chloride powder market.
Post time: Jul-30-2021