Steady demand for calcium acetate continues to arise from diverse quit-use industries along with meals & drinks, prescription drugs, textiles, agriculture, and petroleum. The international calcium acetate market is poised for a modest boom at approximately 3% CAGR through the length of the projection length (2022-2029). Moreover, manufacturers have targeted assignment growth-orientated techniques for long-time period competitive ascendancy.
Use of Calcium Acetate as Phosphate-binder to power the global Calcium Acetate market
The position of calcium acetate in treating hypophosphatemia has emerged as an important pharmaceutical application. Patients tormented by kidney diseases are given oral prescriptions of calcium acetate at the same time as they are on dialysis. Calcium acetate significantly reduces the threat of stroke or coronary heart ailment with the aid of removing hazardous construct-up of phosphate in the human frame.
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Europe Captures 31.2% Revenue Share in Global Calcium Acetate Market
Owing to established end-use industries of calcium acetate, Europe will continue to capture the majority share through the forecast period. Higher-income levels of consumers also contribute significantly to overall regional market growth. Leading manufacturers in this region continue to promote R&D activities for diversifying applications.
Asia Pacific presents remunerative opportunities for calcium acetate manufacturers. Both in terms of consumption and production, Asia Pacific is a crucial market. Moreover, burgeoning end-use industries continue to supplement the regional market growth. Hence, Asia Pacific will account for a substantial market share through 2029.
Leading Players Undertake Expansion Activities to Solidify Their Place in Global Market
The global calcium acetate market is a fairly consolidated landscape. Major players profiled in this FMI study include but are not limited to, Merck Millipore, Alemark, GFS Chemicals, Allan Chemical Corp., Richman Chemical, and AVA Chemical PVT. LTD., Avantor Performance Materials, and Hawaii Chemicals & Scientific. Capacity and geographic expansion will be the key strategic focus of market leaders.
Prominent companies must channel their efforts toward broadening the applications they cater to. This move would fortify their position in developed regional markets such as Europe. Moreover, to expand their foothold in emerging countries, they must opt for a capacity expansion strategy.
More about the Report
FMI’s study offers an in-depth market forecast and analysis of the global calcium acetate market. The major categories encompassed by the report include function (texturizer, thickener, firming agent, and stabilizer), application (pet food, agriculture, food & beverages, and pharmaceuticals) across five regions (Asia Pacific, Middle East & Africa, Europe, Latin America, and North America).