Calcium Formate Market To Grow Substantially At A CAGR Of 5.60% During The Forecast Period
Global Calcium Formate Market size was valued at USD 698.9 Million in 2023 and is expected to reach USD 1270.5 Million by 2032, at a CAGR of 5.6% during the forecast period 2023 – 2032. Calcium Formate Market: Overview It refers to the calcium salt of formic acid. Calcium formate is a white, crystalline powder when solid. It dissolves in water and has a somewhat acidic flavor. Calcium formate has several industrial uses. It functions as an accelerator, shortening the setting time and increasing the initial durability of concrete. Additionally, it can help reduce shrinkage and improve workability. Growing demand from the construction sector, owing to the increased usage of calcium formate as an ingredient in concrete and cement-based formulations to improve qualities such as drying time and strength. Another trend is the increasing use of calcium formate in animal feed applications, owing to its capacity to improve growth p...