Calcium Nitrate Market Forecast Analysis

Market Insights

The calcium nitrate market is estimated to grow from USD 8.81 billion in 2022 to reach USD 12.39 billion by 2028 at a CAGR of 5.84% during the forecast period.

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What is Calcium Nitrate?

Calcium nitrate is an inorganic compound, produced by reacting limestone with nitric acid and then neutralizing it with ammonia. It's used in fertilizers, explosives, concrete, and refrigerants, among other things. Calcium nitrate manure is a multi-purpose compost that can be used to take care of plants as well as treat or prevent diseases, particularly in fruiting plants. It includes both calcium and nitrogen, accordingly it can be utilized to treat plants that are deficient in one or both of these nutrients.

Key Players

Some of the key players in the market are-

• Agrium Inc.
• GFS Chemicals Inc.
• Haifa Chemicals Ltd.
• Prathista Industries Limited
• Rural Liquid Fertilizers (RLF)
• Shanxi Jiaocheng Tianlong Chemical Industry Co., Ltd.
• Sterling Chemicals
• Swiss Formulations India
• Uralchem Holding PLC
• Yara International ASA.

Market Dynamics

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Major factors such as rising demand for grain crops across the globe coupled with continuously reducing arable land is expected to boost the market for fertilizers. Additionally, food demand is estimated to increase prominently over the forecast period, as global population shall double by 2050.

Furthermore, in countries such as Indonesia, India, China, Sri Lanka, and Pakistan, declining freshwater supplies combined with inadequate water infrastructure will drive the demand for wastewater treatment facilities, which would enhance calcium nitrate sales throughout the forecast period.

Segment Analysis

By Grade Type

The market is segmented as agriculture, greenhouse, fertigation, and liquid. In terms of value and volume, the agriculture segment accounted for more than 33% share of the market in 2021, and it is estimated to register the highest growth during the forecast period as well.

The growth of the segment is owing to the use of agricultural-grade calcium nitrate as a fertilizer ingredient, wherein it reduces soil acidity and aids in the enhancement of fruit quality and shelf life.

Furthermore, the demand for calcium nitrate in greenhouses is likely to skyrocket. This product grade is expected to see increased demand from places where greenhouse farming is common in the coming years.

By Application Type

The market is segmented as fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. Fertilizers dominated the market in 2021, and the segment is expected to maintain its command over the forecast period as well.

The growth of the segment is owing to the fact that calcium nitrate is extensively used as fertilizer ingredient in the agriculture industry. Containing nitrogen and calcium, which are the important nourishment elements for plants, calcium nitrate fertilizers, increase yield and quality, extending the storage life of fruits, and build up resistance to disease and pests.

By Region

Asia-Pacific shares more than 40% market in 2021 and is estimated to maintain its supremacy during the forecast period. The growth of the region is supported by the increased demand for calcium nitrate as an ingredient for domestic fertilizer in industries in developing economies, such as China and India.

Furthermore, as the world's population continues to grow, so would the demand for food. And to meet this ever-rising demand, better agricultural goods would always be required; this, in turn, will drive the fertilizer product demand, assisting the growth of the market over the forecast period.

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Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Grade Type:

• Agriculture
• Greenhouse
• Fertigation
• Liquid

By Application Type:

• Fertilizers
• Wastewater Treatment Chemicals
• Concrete Manufacturing
• Explosives
• Others

By Region:

• North America 
• Europe
• Asia-Pacific
• Rest of the World

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Structure: Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation of any one of the grade types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.