As of August 2024, calcium chloride prices are fluctuating, reflecting a 4% decrease from the previous month. The Asia Pacific region is the largest consumer of calcium chloride, with India leading the market due to high consumer demand and a strong presence of end-use industries.
In Q1, 2024, the calcium chloride market in Asia Pacific saw a sustainable decrease in prices, with a fall of 5%. This is driven by the key factors driving influence increased demand within the pharmaceuticals, agrochemicals, and electronics industries.
However, in Q2,2024, the calcium chloride market in Asia Pacific saw a stable price. This is due to the Stable economy and market specific factors which also includes feedstock market.
In Q3, 2024, the calcium chloride market is experiencing an upward trend in this period, primarily driven by its applications in the textile sector, particularly in processes such as wet spinning for acrylic fibres. The growing industrial activities worldwide are significant factors contributing to the increasing demand for calcium chloride.
In Q4, 2024, the price trend for Calcium Chloride will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how calcium chloride prices move during this period.