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According to a new market research report published by Credence Research, Inc. 鈥淐alcium Formate Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,鈥?the global calcium formate market was valued at US$ 349.09 Mn in 2016 Phil Jones Jersey , and is expected to each US$ 557.88 Mn by 2025, expanding at a CAGR of 5.8% from 2017 to 2025.

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Calcium formate refers to a calcium salt popularly used in concrete, leather tanning and formic acid production. It is non-hygroscopic and is less toxic in nature. It helps to recovers water stability, pliability and homogeneity. Calcium formate is extensively used as a masking agent for the chrome burning process in the leather industry. Additionally, calcium formate is used as an accelerator for strengthening and setting of concrete. Calcium formate market is majorly driven by cement and all kinds of concrete industry Paddy McNair Jersey , due to its unique property to increase the cement hardening speed. The global market for calcium foramte is expected to witness the significant growth throughout the forecast period with its increasing demand from end-use industries.

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SEOUL， Oct. 26 (Xinhua) -- Hyundai Motor， South Korea's largest automaker， saw its third-quarter operating profit post a double-digit decline as global economic slowdown and sagging domestic demand reduced car sales at home and abroad.

Operating profit was 1.07 trillion won (about 940 million U.S. dollars) in the three months ending Sept. 30， down 29 percent from the same period of last year， the company said in a regulatory filing.

Revenue declined 5.7 percent from a year earlier to 22.08 trillion won in the July-September period， and net income slumped 7.2 percent to 1.12 trillion won.

Hyundai's worsened earnings followed the protracted global economic slump especially in Brazil and Russia， major emerging markets of the South Korean automaker. It resulted in lower external demand.

In the domestic market， the end in June of a temporary tax cut in consumption tax led to weaker demand for cars.

Partial strikes by unionized workers continued from mid-July to late September， disrupting production and sales at home and abroad. It cost Hyundai about 3.1 trillion won.

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