Calcium Formate Prices

Calcium Formate Prices March 2024

The calcium formate prices in the Norway for Q1 2024 reached 1,440 USD/Ton. The market was influenced by a combination of sluggish demand and ample supply, leading to a downward trend in prices. The economic environment, coupled with reduced activity in key industries, exerted additional pressure on the market. Despite some stabilization in energy costs, the overall pricing landscape remained bearish, reflecting broader regional trends.

Calcium Formate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Calcium Formate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of calcium formate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of calcium formate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of calcium formate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing calcium formate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Calcium Formate Market Analysis

The global calcium formate market size reached US$ 540.2 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 786.9 Million, at a projected CAGR of 4% during 2023-2032.

• Calcium formate is an important component in construction industry mainly used as a setting accelerator in cement and concrete formulations. According to a report published by Invest India, the construction industry in India is projected to reach $1.4 trillion by year 2025, with cities expected to drive 70% of country’s GDP by 2030. The construction industry in India spans across 250 subsectors and is set to meet the demand for 25,000,000 additional mid end and affordable housing by 2030. Calcium formate role is vital in construction industry because it reduces the time required for concrete to set and achieve sufficient strength, thus allowing for faster project completion and reducing weather related delays. The ability of calcium formate to accelerate concrete setting not only improves the efficiency, but also enhances the durability and the structural integrity of buildings in diverse climates.
• The stringent environmental safety regulations have significantly influenced the industries to seek safer alternatives like calcium formate. This compound is perceived as an environmentally friendly option because of its low toxicity and biodegradability, which positions it favorably as compared to traditional chemical agents. As industries strive to comply with stringent regulatory frameworks and minimize their ecological footprint, the adoption of calcium formate is anticipated to gain momentum. Its use aligns with global sustainability trends. reflecting organizations’ commitment to reducing harmful emissions and preserving environmental health.
• Calcium formate is a highly sought after product in animal husbandry and agriculture mainly due to its dual function as a preservative and feed additive. The addition of calcium formate into animal feed enhances digestive efficiency, which, in turn, improves overall animal health and promotes faster growth rates. According to the data published by LD4D, between 1961 and 2018, the global poultry population, including chickens, ducks, turkeys, and geese, increased by almost 500%, totaling over 25.6 billion animals in 2018. Notably, chicken population in Southern, South-Eastern, and Western Asia grew by 1500%, with China accounting for 22% of world population with 5.3 billion chickens in 2018. As global consumer preferences shift towards higher quality meat and dairy products, there is a corresponding rise in demand for superior feed additives, which supports these quality improvements. This dynamic underpins the growing market for calcium formate, making it a highly sought after ingredient in the formulation of advanced animal feeds, thereby propelling its market growth.

Calcium Formate News

The report covers the latest developments, updates, and trends impacting the global calcium formate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in calcium formate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the calcium formate price trend.

Latest developments in the calcium formate industry:

• June 2024: Kemin Industries has launched Formyl, an advanced feed acidifier designed to enhance swine health in the U.S. market. This product utilizes calcium formate, which helps improve gut health and nutrient absorption in pigs. Formyl aims to support the overall well-being of swine by promoting a balanced gut microbiome and reducing the risk of pathogenic bacteria. The introduction of this innovative feed additive reflects Kemin's commitment to advancing animal nutrition and health solutions in the livestock industry.
• In 2024, Perstorp inaugurated a new state-of-the-art Penta plant in Sayakha, India. The facility, certified by ISCC Plus, will enhance Perstorp's presence in the Asian market, offering increased availability and reliability for Penta chemicals. The plant will produce a variety of Penta products, including the renewable-based Voxtar™. With an annual production capacity of 40,000 metric tonnes of Pentaerythritol and 26,000 metric tonnes of calcium formate, the site aims to reduce lead times for Asian customers by 50%.

Product Description

Calcium formate, a calcium salt of formic acid, is a white crystalline powder commonly utilized across various industries for its diverse functional properties. With the chemical formula Ca(HCOO)₂, it serves as an efficient additive and preservative. Its primary application in the construction industry involves accelerating the setting time of cement and concrete, particularly under cold weather conditions, enhancing early strength and reducing curing periods. In agriculture and animal husbandry, calcium formate acts as a feed additive, improving the digestive health and growth rates of livestock, while also extending the shelf life of feed through its preservative qualities. Additionally, it finds usage in leather tanning and textile dyeing due to its buffering and accelerating capabilities. The compound is also environmentally favorable, offering a safer alternative to more hazardous chemicals, aligning with global sustainability initiatives and stringent regulatory standards. Its versatility and efficacy make calcium formate a valuable component across multiple sectors.

Regional Coverage

The report provides a detailed analysis of the calcium formate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the calcium formate price trend.

Global Calcium Formate Price

The report offers a holistic view of the global calcium formate pricing trends in the form of calcium formate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into calcium formate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into calcium formate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed calcium formate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Calcium Formate Price

In Europe, the first quarter of 2024 presented a challenging landscape for the calcium formate market, characterized by a general decline in prices. The market faced downward pressure due to a surplus in supply coupled with weakened demand, particularly from the construction sector, which is a major consumer of calcium carbonate. The economic slowdown across the region further exacerbated these challenges, leading to a bearish pricing environment. However, stabilizing energy costs, especially in the production of calcium carbonate, helped to mitigate some of the pressures by reducing production expenses. Political tensions and logistical disruptions also played a role in affecting trade dynamics within the region. The quarter closed with a negative pricing trend, reflective of the broader market conditions.

This analysis can be extended to include detailed calcium formate price information for a comprehensive list of countries.

North America Calcium Formate Price

During the first quarter of 2024, the North American calcium formate market saw varied pricing dynamics driven by several key factors. Initially, the market experienced price hikes due to supply constraints and high demand, particularly in January and February. Disruptions in the global supply chain, especially for feedstocks like calcium carbonate, contributed to these early increases, creating a bullish market atmosphere. However, by March, prices began to decline, influenced by seasonal production shifts and improved supply conditions, particularly for food-grade calcium carbonate. Despite this temporary downturn, the quarter closed with an overall upward trend, underscoring ongoing supply chain challenges. This period highlighted the market's sensitivity to procurement and logistics disruptions, emphasizing the need for strategic resilience in the industry.

Specific calcium formate historical data within the United States and Canada can also be provided.

Middle East and Africa Calcium Formate Price

The report explores the calcium formate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on calcium formate prices for countries can also be provided.

Asia Pacific Calcium Formate Price

In the Asia Pacific region, the calcium formate market in the first quarter of 2024 faced downward pricing trends due to multiple contributing factors. The market was largely shaped by sluggish demand and an oversupply, creating a bearish pricing environment. The Lunar New Year holiday in China exacerbated the situation, leading to reduced trading activity and limited procurement, further pressuring prices. China, a key player in the region, witnessed a consistent price decline, driven by these factors and a generally bearish market sentiment. Throughout the quarter, the region experienced a steady decrease in prices, reflecting the ongoing challenges of oversupply and reduced market activity. The overall negative trend underscored the region's vulnerability to demand fluctuations and seasonal influences.

This calcium formate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Calcium Formate Price

The analysis of calcium formate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of calcium formate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting calcium formate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The calcium formate price charts ensure our clients remain at the forefront of the industry.