Calcium Nitrate Market Analysis | 2022-2028

Market Insights

"The Calcium Nitrate Market was estimated at USD 8.81 billion in 2022 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 12.39 billion in 2028".

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Market Dynamics

Introduction

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.

Market Drivers

Major factors such as rising demand for grain crops across the globe coupled with continuously reducing arable land is expected to boost the global calcium nitrate 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 calcium nitrate market demand for wastewater treatment facilities, which would enhance calcium nitrate sales throughout the forecast period.

Segment Analysis

By Grade Type

"The agriculture segment accounted for more than 30% share of the market in 2021, and it is estimated to register the highest growth during the forecast period".

• The market is segmented as agriculture, greenhouse, fertigation, and liquid.
• 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

"Fertilizers dominated the market in 2021, and the segment is expected to maintain its command over the forecast period".

• The market is segmented as fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others.
• 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.

Regional Analysis

"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 calcium nitrate market over the forecast period.

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Key Players

The following are the key players in the Calcium Nitrate Market (arranged alphabetically).

• 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.

Note: The above list does not necessarily include all the top players in the market.

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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 global calcium nitrate market.

What Deliverables Will You Get in this Report?

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.

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.