Calcium Nitrate Market Size Report and Growth Analysis 2028

[Research Report] Calcium nitrate market was valued at US$ 882.03 million in 2021 and is projected to reach US$ 1,130.94 million by 2028; it is expected to grow at a CAGR of 3.6% from 2021 to 2028.

MARKET ANALYSIS

Calcium nitrate is an organic compound composed by treating limestone with nitric acid by neutralizing with ammonia. Calcium nitrate is mainly used as a component in fertilizers. Calcium nitrate fertilizers contain calcium and nitrogen, which are essential nourishment elements for plants. It enhances the uptake of magnesium, potassium, and calcium from the soil, increases yield and quality, extends the storage life of fruits, and builds up resistance to diseases and pests. Calcium nitrate is also used for medicinal purposes in manufacturing concrete, explosives, and wastewater treatment. In addition, it is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment. 

GROWTH DRIVERS AND CHALLENGES

Constant growing demand for calcium nitrate from fertilizer manufacturers is boosting the global calcium nitrate market growth significantly. Agriculture is an important component of the global economy. Agriculture is the primary source of employment, income, and food, and it meets these basic needs throughout the world. The agricultural population accounts for 67 per cent of the overall population, according to the Food and Agriculture Organization (FAO). China possesses 7% of the world's arable land, which allows it to feed 22% of the world's people. As the agricultural population develops, so does the demand for calcium nitrate. Moreover, increasing use of calcium nitrate in wide range of applications is further boosting the global calcium nitrate market growth. Calcium nitrate is produced in granulated form and is mostly used as a nitrogen fertilizer in agriculture. Calcium has many important benefits for plants. It improves cell wall strength, which leads to higher-quality fruits with a longer shelf-life. Calcium also increases heat tolerance and helps to reduce the amount of heat stress experienced by plants in warmer climates. It's also used in odor-prevention wastewater pre-conditioning and set-accelerating concrete admixtures. In wastewater treatment processes, the compound induces anoxic biology in wastewater treatment to inhibit the metabolic generation of odor-creating components such as hydrogen sulfide, thus eliminating foul odors. It also induces autotrophic denitrification that aids in the biological dissolution of sulfide in septic wastewater. However, availability of substitutes might limit its market growth Organic and non-organic fertilizers are two categories of fertilizers. Calcium nitrate is an inorganic chemical having the formula Ca(NO3)2 that is mostly used in fertilizers. Calcium nitrate fertilizers provide the vital nutrients that plants require while also improving the soil's water retention capacity and fertility. It can be applied to the soil by irrigation water or applied to the soil by foliar treatments.

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Global Calcium Nitrate Market: Strategic Insights

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REPORT SEGMENTATION AND SCOPE

The "Global Calcium Nitrate Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global calcium nitrate market trends and growth opportunities. The report aims to provide an overview of the global calcium nitrate market with detailed market segmentation by application, and geography. The global calcium nitrate market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of calcium nitrate worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the calcium nitrate market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the calcium nitrate market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative calcium nitrate market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global calcium nitrate market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global calcium nitrate market is segmented on the basis of and application. On the basis of application, the market is classified as, fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. Based on application, the fertilizers segment accounted for a major calcium nitrate market share which can be attributed to the increasing use  of calcium nitrate in various applications. Calcium nitrate is a complex, water-soluble fertilizer constituting 15.5% nitrogen (N) in a readily available form and 18.5% calcium (Ca). Calcium is one of the secondary nutrients required for crop production. It helps improve fruit color, luster, and consistency; soil structure and water penetration; and crop’s pest and disease resistance. Calcium nitrate fertilizers are the only water-soluble source of calcium available for plants. It can be used as a fertilizer as well as a disease control agent. The compound helps stabilize cell growth as well as boosts protein and leaf production by promoting cell formation. It also helps in the detoxification of plants by neutralizing acids. This will further attract new growth opportunities for the overall industry growth.

REGIONAL ANALYSIS

The report provides a detailed overview of the global calcium nitrate market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Middle East & Africa accounted for a significant share of the market and valued at more than US$ 35-40 million in 2022 and estimated to reach US$ 40-45 million in 2030. Rapid increase in agricultural activities, especially in Middle East, positively contributed to the market growth in Middle East & Africa. Asia Pacific has also witnessed considerable growth valued at over US$ 1,300-1,400 million in 2022, attributed to increasing use of calcium nitrate in various applications in the region is driving global calcium nitrate market growth. North America is also expected to witness considerable growth valued at over US$ 250-300 million in 2022, attributed to the increased usage of calcium nitrate in agricultural industry is expected to boost the global calcium nitrate market growth.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global calcium nitrate market.

• In August 2022, Russian mineral fertilizer producer, Acron Group has commissioned a 100,000t/y granular calcium nitrate production unit at its Veliky Novgorod facility.
• In April 2021, FB Science has added three products to complete its six-product line of calcium nitrate.

Calcium Nitrate Market Report Scope

Global Calcium Nitrate Market Regional Insights

The regional trends and factors influencing the Global Calcium Nitrate Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Global Calcium Nitrate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Global Calcium Nitrate Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Global Calcium Nitrate Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Global Calcium Nitrate Market are:

1. Nutrien
2. Yara International Asa
3. Sterling Chemicals Company
4. Gfs Chemicals, Inc.
5. Haifa Group

Disclaimer: The companies listed above are not ranked in any particular order.

 

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The COVID-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. The ongoing pandemic has drastically altered the chemicals & materials sector's status and negatively impacted the calcium nitrate market's growth. The implementation of measures to combat the spread of the virus has aggravated the situation and impacted the growth of several industrial sectors. The market is being disrupted by COVID-19 because of slowdown of calcium nitrate production, supply chain instability, hampered trade movements, decrease in end-use industry demand, and reduced demand for new projects. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. Therefore, the calcium nitrate market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the calcium nitrate market include, include Nutrien; Yara international ASA; Sterling Chemicals Company; GFS Chemicals, Inc.; Haifa Group; Uralchem holding PLC; Rural Liquid Fertilisers; Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd.; ProChem, Inc; Van Iperen International among others.