Calcium Formate Sales Sustained by Superior Attributes Elevating Application in De-icing and Animal Feed, Finds FactMR
Verfasser: ashwani_kailiya on Friday, 21 June 2019A recent study published by FactMR finds that sales of calcium formate exceeded 1,100 tons in 2018 and are anticipated to register a 3.5% Y-o-Y growth in 2019. A cohort of drivers including favourable government regulations supporting the production process of calcium formate to achieve gas desulphurization and its niche applications in tile adhesives and textiles industry have been determining the growth of the calcium formate market.
The study highlights that the upgraded lifestyle of consumers and the subsequent inclination towards premium products have led to a notable rise in the demand for calcium formate. Achieving tanned leather for its application in enhancement of design pizzazz of automotive interiors, footwear, garments, and furniture, has been among the key boosters to calcium formate demand. A growing interest of governments as well as non-governmental entities in environmental sustainability is collectively contributing towards achieving reduced sulphur dioxide emission from power plants, which is thereby generating demand for calcium formate as an additive to reactors, with an objective to promote dissolution of calcium carbonate and improve efficiency of desulphurization.