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Calcium Nitrate Market Size

ID: MRFR//1099-HCR | 131 Pages | Author: Anshula Mandaokar| July 2024

Calcium Nitrate Market growth and fluctuations depend on various factors. Calcium nitrate is used in agricultural, wastewater treatment, and concrete, driving its market. Plants often get calcium and nitrogen from calcium nitrate. Water-soluble fertilizer. The global population growth and desire for greater food production drive the agricultural business. This shows how vital calcium nitrate is in farming today.
The calcium nitrate market might reach USD 7.5 billion by 2030 if it increases 4.6% annually.
Agriculture is crucial to the Calcium Nitrate Market. Calcium nitrate is a popular fertilizer since it swiftly nourishes many plants. This improves nutrition, plant growth, and food quality. Calcium nitrate is in great demand as a fertilizer due to the emphasis on environmentally friendly farming and soil improvement. This impacts the market.
Water cleansing is another calcium nitrate industry. Calcium nitrate eliminates wastewater odors and prevents bacteria from producing hydrogen sulfide. Water management systems employ it to preserve the environment and eliminate odors in wastewater treatment facilities.
Building contributes significantly to the Calcium Nitrate Market. Calcium nitrate accelerates concrete curing. This speeds up concrete setting, making it suitable for fast strength development applications. Infrastructure and urbanization boost global construction activity, which increases the concrete industry's requirement for calcium nitrate.
Technological advancements and production processes are affecting the Calcium Nitrate Market. Research and development improves calcium nitrate production efficiency, purity, and cost. Calcium nitrate becomes more competitive as agricultural, concrete, and wastewater treatment processes improve. These advances allow calcium nitrate to adapt to market changes and new applications.
Environmental regulations and sustainability considerations affect the Calcium Nitrate Market. Due to heightened environmental attention, calcium nitrate manufacturers are emphasizing ecologically responsible and sustainable processes. Environmental norms and responsible sourcing affect market growth. The market responds to the industry's commitment to environmental sustainability and agricultural and industrial sustainability.
Consumer tastes and business trends also shape the calcium nitrate market. Sustainable agriculture, water treatment, and construction approaches are becoming increasingly important to consumers and companies. Due to its efficacy and environmental friendliness, calcium nitrate-based products are in demand. The market adapts in end-user industries where calcium nitrate is vital to sustainability and efficiency.
Alternative resource availability and competitive pricing affect the Calcium Nitrate Market. Businesses that employ calcium nitrate must compare its cost to alternative fertilizers, concrete accelerators, and water treatment chemicals. The market also responds to advances in competing materials or methods that might affect calcium nitrate's cost competitiveness. This lets the market adjust to mineral supply and demand.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate   4.6% (2022-2030

Calcium Nitrate Market Overview

The calcium nitrate market is assessed to arrive at USD 7.5 billion before the finish of 2030 at a strong CAGR of 4.6%.

Calcium nitrate is a critical part of the fertilizers. These fertilizers mainly contain nitrogen and calcium, which are the key fundamental components for plants. Calcium nitrate can improve the take-up of potassium, magnesium, and calcium from soil and at the same time increment quality and yield of the item; it likewise stretches out the protection from illnesses and capacity life of natural products. Also, calcium nitrate market share is utilized to assemble explosives, wastewater therapy, clinical purposes, and cement. In water treatment, it is utilized to stifle scent in city wastewater treatment and sewer organizations. The development of the worldwide calcium nitrate market growth is projected to be principally determined by their expanding request from agro-synthetics. 

Moreover, the quick development of the water and wastewater treatment synthetic compounds area is additionally expected to fuel the interest for calcium nitrate industry. The rising worldwide populace is required to affect the development of the calcium nitrate market attributable to expanding patterns for executing eco-accommodating compost strategies and the rising interest for food across the world absolutely. According to one of the most recent reports distributed by the Food and Agriculture Organization (FAO) of the United Nations, over 15% of farmland usefulness ought to be brought up in the coming very long time to help world food utilization. Moreover, rigid local guidelines regarding wastewater treatment in creating and arising nations rely on moving the calcium nitrate market demand in the coming period frame. Moreover, calcium nitrate is additionally utilized as admixtures in the creation of cement and is required to drive the interest for calcium nitrate in a quick, substantial setting.

Nitricity Inc., a California-based startup that is revolutionizing the manufacturing of climate-smart nitrogen fertilizer in 2024, held a celebration on Friday in Madera County to mark the start of their most recent field test. The announcement of the first tonnage delivery of Nitricity's locally produced liquid calcium nitrate product marked a significant increase in scale from small deliveries. The announcement was made in collaboration with Elemental Excelerator, Olam Food Ingredients (ofi), and the Madera/Chowchilla Resource Conservation District.

Gujarat State Fertilizers and Chemicals India Ltd (GSFC) introduced a domestic range of calcium nitrate and boronated calcium nitrate on Friday, 2020. Mansukh Mandaviya, the Minister of State for Chemicals and Fertilizers, introduced the products via video conference.In agriculture, calcium nitrate is applied as a water-soluble fertilizer.

Furthermore, this chemical is employed in the treatment of wastewater and for strengthening cement concrete.In India, boronated calcium nitrate and calcium nitrate are being produced for the first time. It was imported from other nations up until this point.

COVID19 Analysis

The calcium nitrate market has seen a slight decrease in the deals for the present moment to the lockdown situation that arises to contain COVID spreading. The limitations forced by different countries to contain COVID had to stop the creation bringing about an interruption across the entire inventory network. In any case, the worldwide business sectors are gradually opening to their maximum capacity, and theirs a flood popular of calcium nitrate. The market would stay stable in an impending year. 

The critical observation in the calcium nitrate market trends size in 2020 is assessed based on the COVID-19 episode and its adverse consequence on the economies and enterprises across the globe. Different situations have been broken down based on different optional sources and the current information accessible about the circumstance.

Major Market Players

The key players of calcium nitrate market:

  • GFS Chemicals Inc (The US)

  • Rural Liquid Fertilizers (RLF) (Australia)

  • Sterling Chemicals & Alcohols Limited (India)

  • Blue Line Corporation

  • Prathista Industries Limited (India)Haifa Chemicals Ltd (Israel)

  • Nutrien Ltd (Canada)

  • Yara International ASA (Norway)

  • Swiss Formulations India (India)

  • Uralchem Holding PLC (Russia)

Market Dynamics

  • Drivers

Rising interest in Calcium Ammonium Nitrate and its side effects is driving the calcium nitrate market growth. Expanding interest for calcium ammonium nitrate and its side-effects for various cycles in the drug, agrochemical, and dangerous businesses are relied upon to quickly drive the market over the time frame. Over the estimated time frame, the various employments of calcium ammonium nitrate in improving soil fruitfulness and expanding creation limit using CAN as fertilizers, too, as the utilization of CAN as a low-scale unstable in immature nations is relied upon to push the market for calcium nitrate market trends. Quick monetary improvement with a flourishing rural area is relied upon to support the calcium nitrate market in the creating areas.

  • Challenges

Expanding interest in natural fertilizer is a major challenge in the calcium nitrate industry market. It is assessed that the improvement of contact dermatitis among ranchers utilizing CAN include fertilizers, just as the expanding interest for natural composts, will fill in as key imperatives in the development of the market for calcium ammonium nitrate because of expanding ecological mindfulness. Also, the forbiddance of CAN manures because of their illicit use as natively constructed explosives is relied upon to additionally obstruct market development over the estimated time frame.

  • Opportunities

Expanding need for wastewater treatment offices is a period to offer different freedoms for the development of the calcium nitrate market over the estimated period. Countries like China & India are paying special mind to freedoms to create more business from farming as its area overwhelming business sector. These calcium nitrate-based fertilizers will help the interest in different countries to satisfy the food need of the developing populace. Expanding compost interest alongside water treatment will help the calcium nitrate market development to a great extent.

  • Restraints 

Certain wellbeing risks related to calcium nitrate may hinder the development of the worldwide calcium nitrate market. Some of the side effects of calcium nitrate are unsteadiness, redness in the eyes, skin aggravation, and migraine. Using this product for a long period can harm the eyes in any event, prompting loss of vision, breathing issues, mouth ulcers, extreme disturbance, stifling, hereditary problems, and transformation. Breathing in calcium nitrate can cause harmful effects to the lungs.

  • Cumulative growth Analysis

The fast development of the waste and wastewater treatment compound area is probably going to increase the development of the calcium nitrate market. Calcium nitrate is utilized to make the arrangement of wastewater or sewage water treatment. Besides, it is significantly utilized in the fertilizer industry as it improves the take-up of potassium, magnesium, and calcium from the dirt and increments the yield and its quality. This expanded use of calcium nitrate in the fertilizer industry is probably going to spike the development of calcium nitrate market. Be that as it may, the hygroscopic idea of the items is probably going to restrict the development of the market over the period time frame.

Segment Overview

  • By Application 

The horticulture segment was the significant market for Calcium Nitrate in 2019 developing at a CAGR of 5.2%. During the estimated time frame, farming is relied upon to represent a critical portion of the market. The ascent in rice, maize, wheat, vegetables, vegetables, and natural product creation will probably fuel the market for calcium nitrate soon. Cereals and grains, organic products & vegetables, oilseed and heartbeats, and turf and ornamentals are sub-sectioned in the agribusiness segment. During the estimated time frame, the oats & grains portion is relied upon to keep on overwhelming the market. 

  • By methods

The Fertigation segment has been the significant market for Calcium Nitrate in 2019. For fertigation, calcium ammonium nitrate is ideal and can be utilized whenever of the year. It is synthetically unbiased and can kill soil causticity, making it suitable for any dirt kind. This item is additionally exceptionally practical and affordable and offers the advantages of both calcium and nitrogen. The significant drivers for this market have been these components. Urea is a controlling element for this industry. Urea is more affordable to create than calcium ammonium nitrate and has higher nitrogen content. 

  • By Region

Calcium nitrate market share with over 42.9%, trailed by North America & Europe. The Asia Pacific is panned to notice considerable development on the lookout for calcium ammonium nitrate. The Asia Pacific is arising as a provincial market for the utilization of calcium ammonium nitrate because of the augmentation of calcium ammonium nitrate applications in developing end-user businesses like rural, drug, agrochemical, modern, and water treatment. Because of expanding calcium ammonium nitrate necessities in the agrochemical and water treatment enterprises, Asia Pacific is credited to being trailed by North America as far as utilization.

Regional Analysis  

The Asia Pacific holds the biggest portion of the worldwide calcium nitrate market, as far as market size. Nations, in particular, Japan, India, and China, are significant supporters of the territorial market attributable to the quick industrialization and urbanization, and farming ventures in these locales. China has immense protection spending plan, which is required to contribute fundamentally to the unstable provincial use of calcium nitrate.

Recent Developments

August 2022: Acron Group, a Russian-based producer of mineral fertilizers, commenced a project to produce granulated calcium nitrate at its plant in Veliky Novgorod with a capacity of 100 kilotons per year.

April 2022: Casale Group announced an agreement to acquire Green Granulation company that designs and manufactures urea and Ammonium Nitrate (AN) / Calcium Ammonium Nitrate (CAN) granulation systems. This acquisition is considered part of the company’s growth strategy.

June 2022: Santos Ltd entered into an agreement with a unit of Yara International to provide natural gas for use at the Norwegian Fertilizer AS liquid ammonia plant in Western Australia. Furthermore, there will be collaboration with Yara Pilbara Fertilizers on decarbonization initiatives for Carbon Capture, Use and Storage in Western Australia (WA); Santos will supply approximately one hundred twenty petajoules (120 PJ) of natural gas over a period of five years.

Report Overview

  • Market overview highlights the global recognition of the calcium nitrate market overview

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis for the calcium nitrate market forecast Report.

  • Market segmentation overview

  • The regional analysis of calcium nitrate market 

  • Competitive landscape analysis

  • Recent Developments of calcium nitrate market Forecast

The report highlights the calcium nitrate market suppliers' development includes its revenue hike's growth potential by the end of the forecast years in 2030.

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