Throughout the Asia Pacific region, calcium chloride prices experienced a steady increase until April. This rise was fueled by higher costs of raw materials, strong demand in the construction sector, and a rebound in industrial activity following COVID-19 measures. However, as the latter part of Q2 unfolded, there was a notable decline in both local and global demand, coupled with increased stockpiles and stabilized energy expenses. Consequently, prices began to decrease.
In Europe, demand decreased across both quarters due to a drop in construction activities and a lack of support from raw material prices. Inflationary pressures and reduced purchasing power among consumers further contributed to this decline.
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Definition
Calcium chloride is a highly soluble white crystalline salt with hygroscopic properties, readily absorbing moisture from the air. It has a wide liquid range, remaining liquid at lower temperatures than water, making it useful for de-icing. It’s non-toxic and extensively used for dust control, drying agents, and concrete acceleration. Its versatile nature extends to applications in the food industry, medicine, and water treatment, showcasing its significance as a multifunctional compound.
Key Details About the Calcium Chloride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Calcium Chloride in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Calcium Chloride Price trends, including India Calcium Chloride price, USA Calcium Chloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Calcium Chloride Price Trend:
Calcium chloride’s extensive industrial utility stems from its remarkable hygroscopic properties and versatility. It serves multiple purposes: controlling road dust, absorbing moisture in gas and liquid streams, accelerating concrete setting, functioning as refrigeration brine, facilitating petrochemical drying, aiding in water treatment for algae control and hardness improvement, acting as a flux in metal production (such as aluminum), and serving as a calcium source in various processes. These wide-ranging uses underscore the compound’s vital role across industries, thanks to its moisture-absorbing abilities and multifunctional nature.
Key Players:
- NAMA Chemicals
- Tetra Technologies
- Solvay
- Koruma Klor Alkali
- Weifang Haibin Chemical
- Oxychem
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