Swastik Industries

Opportunities, Demand and Supply Competition Analysis

Global Scenario:

• Upcoming New Opportunities:
  • Expanding applications in various industries: de-icing, construction, food processing, oil and gas (well drilling and completion), and dust control in mining operations.
  • Increasing need for dust control and stabilization for unpaved roads and construction sites.
  • Significant growth potential in the oil and gas industry, particularly in regions like North America, the Middle East, and Asia, due to increasing exploration and drilling activities.
  • Rising frequency of extreme weather events drives demand for de-icing solutions.
  • Growing government and private sector investments in infrastructure development, especially in the Asia-Pacific region (including India).
  • Emerging applications in wastewater treatment and agriculture sectors (e.g., as a soil conditioner and for concrete enhancement).
  • Increased use as a food preservative and firming agent in the food and beverage industry (e.g., for canned vegetables, dairy products, meat tenderization, tofu, and beer brewing), driven by the growing demand for packaged foods.
  • Surge in investment in road maintenance globally, where calcium chloride is used for de-icing and stabilization.
  • Growth in the paints & coatings sector, where it is employed as a drying agent.
  • Development of specialized formulations like pelletized forms for controlled release in de-icing and ultra-pure grades for pharmaceutical use.
• Demand:
  • The global Calcium Chloride market was approximately 3167 thousand tonnes in 2024 and is projected to reach 4825 thousand tonnes by 2035, growing at a CAGR of 3.93%.
  • The de-icing and dust control segment is the leading application, accounting for about 37% of the global market in 2024.
  • High demand is observed across developed, underdeveloped, and developing economies.
  • The construction sector holds a significant share of the global market by application, and the industrial segment dominates by grade.
  • North America currently leads the global market due to extensive de-icing operations and shale gas consumption, while the Asia-Pacific region is expected to show considerable growth.
  • Overall global market size is forecasted to grow from USD 2.24 billion in 2025 to approximately USD 3.66 billion by 2034, with a CAGR of 5.61%.
• Supply and Competition:
  • Key global players include Weifang Zhanpeng Chemical, Occidental Petroleum Corporation, Baker Hughes Company, and Tangshan Sanyou Chemical Industries.
  • The competitive landscape is influenced by raw material availability, evolving regulatory frameworks, and fluctuating energy prices.
  • There's an increasing focus on sustainable and greener manufacturing methods, along with improved waste management practices.
  • Logistical complexities arise from extensive global supply chains.
  • Manufacturers differentiate their products through specialized formulations and high-purity grades.
  • The market can experience excess stock after winter seasons, leading to competitive pricing.

Local Scenario (Morbi, Gujarat, India):

• Upcoming New Opportunities:
  • India's calcium chloride market is expected to grow from 55,440 Tons in 2024 to 76,880 Tons by 2033, at a CAGR of 3.4%.
  • Rising adoption in agriculture as a soil conditioner to improve soil health and crop yield, aligning with India's focus on sustainable farming practices.
  • Significant expansion in the food preservation and processing industry, driven by urbanization and changing consumer lifestyles, leading to increased demand for calcium chloride as a preservative and firming agent.
  • Growing energy demands and exploration activities in India are boosting the demand for calcium chloride in the oil and gas sector.
  • Specific government initiatives and plans, such as the use of calcium chloride for snow and ice control by public works departments, present local opportunities.
• Demand:
  • Demand in India aligns with global trends, including applications in dust control, de-icing, oil & gas, construction, industrial processing, agriculture, and wastewater treatment.
  • The increasing need for safe and clean water for municipal and industrial purposes also drives demand.
• Supply and Competition:
  • Morbi, Gujarat, is a prominent manufacturing hub for Calcium Chloride, with numerous local manufacturers and suppliers.
  • Several companies in Morbi and surrounding regions (Rajkot, Ahmedabad) produce Calcium Chloride, indicating a competitive local market.
  • India contributed 8% of the total calcium chloride export volumes in the Asia Pacific region in 2023.
  • Leading Indian manufacturers include Surya Fine Chem, Vinipul Inorganics, Meru Chem, K.J.Pharmachem, and Parshvachem Enterprises.

Positive Role of Swastik Industries in the Scenario:

• As a manufacturer and supplier of premium-quality Calcium Chloride, Swastik Industries is well-positioned to meet the increasing demand across various burgeoning sectors both globally and locally.
• Their emphasis on optimal purity, consistency, and compliance with industry standards provides a strong competitive advantage, ensuring their products meet stringent quality requirements for diverse applications (e.g., food grade, pharmaceutical grade, industrial applications).
• Swastik Industries' commitment to customer support, quality assurance, ethical standards, transparency, and an experienced team fosters strong client relationships and builds trust, which is crucial in a competitive market.
• Being located in Morbi, Gujarat, a known hub for chemical manufacturing, allows Swastik Industries to benefit from an established industrial ecosystem, potentially leading to supply chain efficiencies, access to skilled labor, and shared resources.
• The company can positively contribute to the growing Indian and global demand in key sectors like construction, oil & gas, food processing, and infrastructure development, thereby supporting economic growth and industrial advancements.
• By focusing on quality production, Swastik Industries can help in improving safety (de-icing, dust control) and product integrity (food preservation), thus benefiting end-users and contributing to better public health and safety standards.