Calcium Oxide Market

Calcium Oxide Market Overview

Global Calcium Oxide demand is anticipated to be valued at US$ 4.5 Billion in 2022, forecast to grow at a CAGR of 5.3% to be valued at US$ 7.5 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Calcium oxide is a significant inorganic compound utilized in numerous industries as an alkalization agent, a toxic waste remediation agent, and an adsorbent. It is a key ingredient in cement and biodiesel production. The end-user industries of calcium oxide include petroleum, building & construction, steel, soda ash, refractories, bio-fuel, paper & pulp, and chemical industries. 

The Asia Pacific and Europe emerged as the major contributors in the sales of calcium oxide. Owing to escalating demand for food additives in U.S & Germany has reinforced the market growth in the past half-decade.

However, the application of calcium oxide may lead to severe irritation in the eyes and cause harm to the environment with pollution, which, in turn, hinders the market growth in developed regions like North America and Europe.

The global sales of calcium oxide upsurged with the growing investments in the pharmaceutical industry, as it is used as a chief ingredient in manufacturing several pharmaceutical biochemical drugs.

Prominent manufacturers are considering investing in research and development to explore the growth prospective in several end-use industries. Moreover, calcium oxide is an inexpensive component and easily available anywhere. Hence, the global sales revenue of the calcium oxide market is estimated to touch new heights in the forthcoming future.

Which are Some Prominent Drivers Spearheading Calcium Oxide Market Growth?

Expanding demand in the building & construction industry is likely to propel the market growth for calcium oxide. Progress in the construction industry and improved infrastructure spending in emerging countries such as China, India, Brazil, and others are among the prominent market driving factors of the global building & construction industry.

Along with this, there has been an upward trend in renovation projects in developed countries, which is adding value to the further growth of the construction industry.

Since calcium oxide is an important catalyst in biodiesel production, the market exhibits immense growth potential and is likely to gain huge traction with the growing demand for biofuel across the globe.

What are the Challenges Faced by the Calcium Oxide Industry?

The extraction of calcium oxide triggers pollution, causing harm to the environment combined with the population involved in manufacturing units. Besides, it roots severe irritation and various health problems.

Hence, governments are imposing stringent environmental regulations against the production of calcium oxide, thereby expected to hamper the market growth. Further, lowering noise, air and water pollution are chief concerns for the manufacturers of calcium oxide.

Why is Asia-Pacific Emerging as an Opportunistic Calcium Oxide Market?

The Asia Pacific emerged as the largest market for calcium oxide in terms of consumption. The growing building & construction industry nurturing the calcium oxide market in this region.

The most crucial reason for the expanding market is the escalating demand for Portland cement in the construction industry in emergent Asian countries such as China, Indonesia, India, Malaysia, and Thailand. These countries are showing a rapid growth in the residential and commercial construction and infrastructure trades since the last few years.

China contributes the highest to the consumption and production of calcium oxide worldwide. The Asia Pacific was followed by Europe in terms of consumption.

Nikhil Kaitwade

Principal Consultant

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How is Europe Contributing to the Growth of the Calcium Oxide Market?

According to European Union, the food and drink industry is the EU’s biggest manufacturing sector in terms of jobs and value-added. In the past half-decade, the food and drink exports have doubled, reaching over 90 Bn Euros and contributing to a positive balance of almost 30 Bn Euros.

Calcium oxide is used as a food additive in preserving food products for a longer duration and increasing transportability across the globe. Thus, in turn, opens up a plethora of growth opportunities in the region.

The demand of calcium oxide in Europe is expected to grow at a moderate level due to stringent environmental regulations in this region. However, calcium oxide as a desiccant application is expected to grow at a higher pace in this region.

Why the United States Holds a Significant Share in the Calcium Oxide Market?

The United States is the largest market for biopharmaceuticals, accounting for around a third of the global market, and is the world leader in biopharmaceutical R&D. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), U.S. firms conduct over half the world's R&D in pharmaceuticals ($75 billion) and hold the intellectual property rights on most new medicines. 

Calcium oxide is extensively used in the manufacturing of medicines and pesticides. Owing to alkali being available in affordable amounts, calcium oxide is one of the vital ingredients in manufacturing caustic soda.

Growth in the pulp &paper industry in the U.S. country is prospective to offer lucrative growth opportunities to the U.S market. According to Trading Economics, the United States exports of paper and paperboard, articles of pulp, paper and board was nearly US$ 16.2 Billion during 2021. Consequently, the expanding pulp and paper industry in the country is expected to reinforce the U.S. lime market throughout the forecast timeframe.

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Market Competition

Some of the key participants present in the global demand of Calcium Oxide market include Omya UK Chemicals, Innovo Chemicals, American Elements, PrathamStarchem Pvt. Ltd., GFS Chemicals, The Dow Chemical Company, HangzhouWenjian Calcium Industry Co., Ltd andCAO Industries among others. 

In May 2019, Birch Chemicals, the UK manufacturer of high-performance rubber, plastics, and coatings additives had redesigned its packaging. Now it has overhauled bags for its best-selling Innovox range, a high-performing calcium oxide desiccant which is used in a variety of applications, including EPDM rubber products, which are used in car and aeroplane manufacture.

Report Scope

Key Segments Profiled in the Calcium Oxide Industry Survey

By Application:

• Cement and concrete blocks
• Steel slag
• Glass
• Organic Chemicals
• Food Additive
• Others

By End-User Industries:

• Construction
• Agriculture
• Food Industry
• Chemical Industry
• Others

Region:

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa