Calcium Formate Market: An Emerging Acidifier for the Animal Nutrition Industry
Being one of the most versatile chemicals, calcium formate has been gaining attention from a wide range of industries, including animal feed, cement & concrete, and leather industries. However, ongoing research about the benefits of adding organic acids in fodder has opened new avenues of the growth for calcium formate in the animal nutrition landscape.
The growing use of organic acids in animal feed has fostered research & development activities in the calcium formate industry, triggering the commercial applications of feed grade calcium formate in animal nutrition applications. Transparency Market Research (TMR), in its recent offering, provides a complete assessment on the various growth parameters of the calcium formate ecosystem.
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TMR’s new study on the calcium formate market can arm decision-makers with a 360-degree overview of the developments in the landscape and actionable insights to expand their presence in the global market.
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Calcium Formate Market Evolving through Stringent Regulations and Threats from Substitutes
The demand for calcium formate has been on the rise in various industrial applications such as tile additives, concrete setting additives, and leather tanning. TMR’s study finds that, the global market for calcium formate has witnessed healthy growth during the past five years, and it recorded global sales of ~ 695 kilo tons, reaching a valuation of ~ US$ 410 million in 2018.
The primary factor driving the growth of the calcium formate landscape is increasing applications of industrial grade of calcium formate in the concrete & cement industry. However, the emergence of its substitutes such as carbonates, chlorides, thiosulfates, bromides, thiocynates, fluorides, silicates, nitrates, aluminates, and alkali hydroxides in concrete & cement industrial applications, especially in the construction sector, has been hindering market growth.
In addition, though its applications in the animal feed industry are increasing, various policymakers and regulatory bodies have imposed strict rules and regulations on the use of calcium formate in animal feed products. Complying with stringent regulations and standards, especially in the United States (U.S.) and the European Union (EU), has a significant impact on manufacturers’ strategies as well as the production cost of calcium formate. This will ultimately impact the future growth of the calcium formate landscape in the coming years.
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Calcium Formate to Emerge as a New Feed Additive and Animal Health Enhancer
Positive growth prospects of the calcium formate landscape are primarily attributed to the substantially high demand for industry grade calcium formate over its feed grade variants.
TMR’s study finds that, industrial grade calcium formate accounts for more than half the revenue share of the global market, recording sales of ~ 430 kilo tons in 2018. However, a significant rise in meat consumption has pushed the growth of the animal feed industry, and this is expected to trigger the demand for feed grade calcium formate as a feed additive in the coming years.
Recent trends in the animal feed industry indicate the rising applications of organic acids in animal nutrition to ingrain their high nutritional value and antimicrobial benefits in animal feed. End users in the animal feed industry are becoming aware of the benefits of calcium formate as an integral component of an ensiling agent for silage treatment.
The growing popularity of calcium formate as a new additive for fodder to promote animal health and improve animal hygiene is expected to have a significant impact on the emerging trends in the calcium formate landscape.
