Calcium Nitrate Market Estimated To Be Rigged With a Significant Growth By 2030

Pune, India, February 7, 2018/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Calcium Nitrate Market Research Report - Forecast to 2030”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

Agrium Inc., Haifa-Group, Airedale Chemical, Gfs Chemicals, Prathista Organic World, Aldon Corporation, All-Chemie, Ltd, Rural Liquid Fertilisers, Sterling Chemicals, Yara International among others are some of the prominent players at the forefront of competition in the Global Calcium Nitrate Market and are profiled in MRFR Analysis. 

Calcium Nitrate Market – Overview:

Calcium Nitrate are predominantly utilized in various end use applications such as waste water treatment, latex production, agriculture, concrete production, and others. Other use includes explosive. Calcium Nitrate market is estimated to witness tremendous growth due to their demand in various end use industries. Furthermore, among the application type segment agriculture accounted for the largest market share on account rising usage of fertilizer in agriculture sector. Furthermore, rising demand for good quality food along with increasing use of pesticide and fertilizer has raised the consumption of agrochemical, which, is likely to propel the growth of the market. Moreover, water treatment segment is estimated to grow with the highest CAGR on account of rising awareness regarding the need of saving drinking water along with strict regulations regarding the treatment of waste water which is discharged from many industries.

Geographically, Asia Pacific emerged as the largest market for calcium nitrate followed by Europe and North America. The Asia Pacific calcium nitrate market is estimated to witness tremendous growth with a significant CAGR over the assessment year due to rising industrial base for various end use industries in these region. Moreover, the demand for calcium nitrate is predicted to raise in numerous countries of Asia Pacific such as China, India, Japan, Taiwan, Singapore, Bangladesh, Thailand, Malaysia, Australia, and South Korea on account of continuous growth of construction sector along with high adoption rate in the manufacturing of concrete production. Along with this, increasing commercial as well as industrial construction activities, huge spending by some of the prominent manufacturers operating in the market in their innovation and research & development activities, and shifting of calcium nitrate manufacturing unit in this region is estimated to drive the calcium nitrate regional market growth. North American calcium nitrate market is estimated to witness above average growth due to raising demand for calcium nitrate in the manufacturing of explosives. In North America the market is further categorized into Canada and U.S., among them U.S. accounted as the leading regional market share due to increased military budgets and is predicted to retain its dominance in the regional market growth on account of robust growth of water treatment and latex production sector. In Europe, calcium nitrate market is estimated to register moderate growth due to increasing awareness regarding the benefits associated with the products made from calcium nitrate as well as robust presence of various end use industries specifically in Germany, U.K., Spain, France, Italy, and Russia. Moreover, various developing countries of Latin America and the Middle East & Africa are estimated to witness steady growth due to increasing purchasing power and strong consumer base for waste water and agriculture industry.

Industry/ Innovation/ Related News:

June 2016- Yara International announced to expand its fertilizer plant production capacity at the Yara Porsgrunn site located in Norway. This plant will able to produce a new 20,000 m3 calcium nitrate Eurosilo. With this capacity expansion the company will able to meet the growing demand for calcium nitrate across the globe.

December 2016- The Prayon Group launched a new product calcium nitrate extra which comes under the new range of fertilizers. This product exhibits fewer water molecules resulted in higher concentration of nutrients. This product launch will help company to strengthen its position among the calcium nitrate manufacturers across the globe

Competitive Landscape:

The Calcium Nitrate report has analysed the level of competition among the major manufacturers as well as sector growth and market scenario. The global calcium nitrate market includes a large number of producers operating in the market which comprises of large scale and medium scale producers. The leading manufacturers which has strong hold in the market has shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from China, Singapore, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. Apart from this, the major manufacturers are following numerous strategic plans to improve their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the key operating players in this market are rising their manufacturing capacity of calcium nitrate to meet the rising demand for calcium nitrate worldwide.

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