As the chemical industry moves into 2024

Calcium Formate Market Increasing Demand, Growth Analysis and Future Outlook by 2027

The global calcium formate market size is projected to reach USD 628.5 million by 2027, exhibiting a CAGR of 4.0% during the forecast period. Increasing cement production is likely to emerge as a central growth driver for this market, finds Fortune Business Insights™ in its report, The International Energy Agency (IEA) estimates that 4.1Gt of cement was produced worldwide in 2019, with China accounting for nearly 55% of the global production, followed by India at 8%. By 2030, according to the World Cement Association, China’s production is forecasted to contract to 35%, while India’s is set to double to 16%.
These changing dynamics augur well for this market as calcium formate is an essential component in cement manufacturing. This compound acts as a setting accelerator for cement, working as an additive to boost strength of the cement mortar. Thus, rising demand for cement, especially in developing economies, will provide the necessary fuel for the growth of the market for calcium formate.


The report states that the global market value stood at USD 469.4 million in 2019 and also offers the following:
• Microscopic analysis of the impact of the COVID-19 outbreak on the market;
• Granular study of the factors and trends shaping the market;
• Detailed evaluation of the regional dynamics influencing the market; and
• Comprehensive profiling of and in-depth research into the key market players and their strategies.

Market Restraint
Declining Sales & Profits to Hamper Companies’ Investment Plans amid COVID-19
The outbreak of the COVID-19 pandemic has had grave implications for the global chemicals industry, which are hurting the calcium formate market growth. Lockdowns, social distancing, and trade restrictions have caused massive disruptions in supply chain networks, while severe economic downturn has impacted demand and consumption.
As a result, companies in this market are reporting unprecedented loss of revenue, which in turn has forced them to rethink their investment plans. For instance, in August 2020, the Germany-based specialty chemicals company, Lanxess, sold off its organic leather chemicals business for USD 230 million to TFL Ledertechnik GmbH to reduce its dependence on the automotive industry.

Masterbatches Market Growth, Trends, Analysis, Demand, Forecast, Key Players

The global masterbatches market size is likely to reach USD 13.32 billion by 2026 owing to the rising number of building and construction activities worldwide. Masterbatches are a liquid or solid additive used for painting or for imparting various properties to the plastics. Coloring masterbatches are utilized for coloring or shading plastic items. It can also be used for conveying properties such as UV Stabilizer, antioxidant, effect, energy, and bio-degradable. A recent report by Fortune Business Insights offers insights into the market and its prime growth trajectories.

As per the report titled, “Masterbatches Market Size, Share & Industry Analysis, By Type (White, Black, Color, Additive, and Fillers), By Polymer (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), and By End-Use (Packaging, Building & Construction, Consumer Good, Automotive, Agriculture, and Others), and Regional Forecast, 2019-2026,” the value of the market was USD 10,991.04 Million in 2018 and is likely to exhibit a CAGR of 5.3% during the forecast period, 2019 to 2026.


What is the Scope of the Report?

The report is based on an in-depth analysis of the market and offers a comprehensive ve overview of the same. The report focuses on factors boosting, repelling, challenging, and creating opportunities for the market. It also discusses the table of segmentation of the market based on factors such as type, polymer, end-use, and geography and lists the names of the leading segment with its attributed factors. In addition to this, the report throws light on recent industry developments, current trends, and other interesting insights into the market. It also lists the names of players operating in the market and the major strategies adopted by them to gain a competitive edge in the market.

Market Drivers
Rise in Demand for Plastic from Pharmaceutical Industry for Packaging will Bolster Growth

Various factors are responsible for the global masterbatches market growth. These include the rise in construction activities for all residential, commercial, and industrial purposes, increasing demand for automobiles, especially lightweight vehicles, and the increasing preference for plastic goods worldwide.

On the contrary, factors such as the fluctuating price of raw materials such as titanium dioxide, polymers, and others with a high volatile nature may pose a major challenge to the overall market. Nevertheless, increasing demand for plastic packaging from sectors such as food and beverage and pharmaceuticals are likely to create lucrative growth opportunities for the market in the coming years.

Carboxymethyl Cellulose (CMC) Market Demand, Growth Analysis and Future Outlook by 2028

The global carboxymethyl cellulose market size is expected to reach USD 2.23 billion by 2028, exhibiting a CAGR of 4.2% between 2021 and 2028. The rising demand for ready-to-cook food products will create lucrative opportunities for this market in the forthcoming years, states Fortune Business Insights, in a report, titled “Carboxymethyl Cellulose (CMC) Market, 2021-2028.” The market size stood at USD 1.60 billion in 2020.
The restrictions on mobility and other government regulations have boosted the demand for packed and ready-to-cook foods during the outbreak. Concerns about food availability and safety during the pandemic's start led to a surge in demand for food items such as primary foods, convenience foods, and secondary processed foods. As a consequence, demand for food stabilizers, thickening agents, and other components used in food processing increased, further propelling this market.


COVID-19 Impact:
The COVID-19 epidemic severely harmed the worldwide economy. The food distribution system is regarded as one of the most important sectors of the economy, and the outbreak has been found to influence the entire operation from field to consumer. The food industry's production, distribution, and supply activities were significantly affected, which is currently a major cause for concern. Employee restrictions, federal regulations, food trade barriers, changes in consumer desire, and financial strain due to an unexpected halt in production and distribution operations affected the market. Despite the unprecedented demand for food during the epidemic, food chain participants such as farmers, suppliers, distributors, and retailers continue to struggle amid the global pandemic.

Driving Factor:
Surging Demand for Food Additives to Aid Expansion
Because of the high demand from the food industry, the Carboxymethyl Cellulose market is expected to develop significantly. One of the primary factors driving the market is the rising demand for food additives such as thickening agents, stabilizers, and viscosity modifying agents. CMC powder, for example, is used in the manufacture of ice cream.
Market Segments:

Based on application, the market is classified into food & beverages, oilfield, paper & pulp, detergents, coatings, and others. The increasing demand for detergents due to their exceptional properties of sodium carboxymethyl cellulose will aid the segment’s growth. Furthermore, the adoption of CMC in oil drilling activities as thickening agent for water retention in drilling mud is another segment experiencing growth.

What does the Report Include?

The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the carboxymethyl cellulose market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies.