The global calcium formate market is expected to grow steadily over the forecast period, driven by its wide range of applications across industries such as construction, animal feed, and leather tanning. In 2023, the global market was valued at US$ 543.2 million, and it is projected to expand at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2034. One of the primary factors contributing to this growth is the rising demand for calcium formate as an additive in construction materials, particularly as a setting accelerator in cement and concrete. The growing construction industry, particularly in emerging economies, is further bolstering the demand for calcium formate.

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By the end of 2034, the calcium formate market is forecasted to reach a value of US$ 935.0 million. In addition to construction, the animal feed sector is another significant driver of market growth, where calcium formate is used as a feed preservative and acidifier to enhance animal health and performance. Moreover, the growing leather industry, where calcium formate is used in the tanning process, along with its increasing application in other sectors like chemicals and lubricants, is further expanding the market’s potential. The outlook for the calcium formate market remains positive, driven by both industrial growth and rising demand across various applications.

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