Calcium Nitrate Market Growth Analysis (2022-2028)

Market Insights

"The global calcium nitrate market size 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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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 Dynamics

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

Grade Trends

"The agriculture segment accounted for the largest market share."

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

Application Trends

"The fertilizers segment accounted for the largest market share."

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. 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 Insights

"Asia-Pacific accounted for the largest market share."

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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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

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?

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 (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s calcium nitrate market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both 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)

Competitive Benchmarking

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

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