| Source: FACT.MR
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Rockville , June 22, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, The Calcium Formate market is expected to witness a valuation of US $ 804.7 Million by the end of 2033 and is predicted to witness a CAGR of 4.2% during the forecast period.
Since calcium formate is commonly utilised in leather tanning, the sales of luxury goods derived from leather are expected to increase as more high net worth individuals throughout the world drive the market. On the long run, it is anticipated that rising animal-derived product demand and the expanding global population would likewise increase calcium formate use.
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Other factors that could affect market potential over the next ten years include rapid industrialization and urbanisation, high infrastructure development spending, rising use of additives in construction applications, and rising use of calcium compounds like calcium methanoate, calcium citrate, calcium sulphate, etc.
Key Companies Profiled in this Report
Key Driving Forces Accelerating the Market Growth
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Vital Indicators Shaping The Future Of The Industry
Challenges Hindering The Market Growth
Strategies For Manufacturers/Suppliers To Scale In The Market
Key Segments of Calcium Formate Industry Research Report
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