Overview and Scope
Calcium nitrate is a granular solid chemical compound characterized by its high water solubility and Ca(NO3)2 chemical formula. It is typically white or whitish-grey, commonly used as a fertilizer in agriculture and as a component in various industrial processes, including wastewater treatment, concrete manufacturing, and pyrotechnics.
Sizing and Forecast
The calcium nitrate market size has grown strongly in recent years. It will grow from $7.35 billion in 2023 to $7.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to demand for high-quality produce, agricultural industry growth, shift towards water-soluble fertilizers, industrial applications, advancements in agriculture practices..
The calcium nitrate market size is expected to see strong growth in the next few years. It will grow to $9.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to environmental concerns and sustainable agriculture, shift in consumer preferences, rise in horticulture and floriculture demand, focus on sustainable agriculture, growing awareness of soil health.. Major trends in the forecast period include precision agriculture adoption, organic agriculture practices, hydroponics and soilless cultivation, focus on crop quality enhancement, adoption of controlled-release fertilizers..
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Segmentation & Regional Insights
The calcium nitrate market covered in this report is segmented –
1) By Type: Liquid, Melt, Crystals
2) By Process: Limestone, Phosphate Rock, Ammonium Nitrate
3) By Application: Fertilizer, Waste Water Treatment, Concrete, Explosives, Refrigerant, Other Applications
4) By End-User: Aerospace Components, Automotive Parts, Logging Equipment, Boring And Cutting Equipment, Electrical And Electronics Appliances, Other End Users
North America was the largest region in the calcium nitrate market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for fertilizers is expected to propel the growth of the calcium nitrate market going forward. Fertilizers are substances or mixtures that are applied to soil, plants, or crops to provide essential nutrients necessary for plant growth and development. Calcium nitrate is a versatile fertilizer that can supply nitrogen and calcium to growing crops and improve fruit and vegetable quality. For instance, in July 2022, according to a report published by the Central Statistics Office, an Ireland-based government agency, the sales of all fertilizers increased by 6%, reaching a total of 1.7 million tones in 2021 compared to 2020. Furthermore, the nitrogen (N) content in fertilizers sold in 2021 increased by 5%, amounting to 399,164 tones, compared to 2020. Therefore, the rising demand for fertilizers will drive the growth of the calcium nitrate market.
Key Industry Players
Major companies operating in the calcium nitrate market report are SABIC Limited, Sumitomo Chemicals Co. Ltd., Yara International ASA, Syngenta Crop Protection AG, Sasol Limited, Borealis AG, EuroChem Group AG, Nutrien Ltd., CF Industries Holdings Inc., Orica Limited, KRONOS Worldwide Inc., Anhui Jinhe Industrial Co. Ltd., Achema AB, Fertiberia SA, Haifa Group, Prathista Industries Limited, Ako Kasei Co. Ltd., TIB Chemicals AG, Airedale Chemical Co.Ltd., GFS Chemicals Inc., Agrico Canada L.P, Jiaocheng Sanxi Chemical Co. Ltd., ProChem Inc., Noah Technologies Corporation, Sterling Chemicals, ChemSol LLC, Barium and Chemicals Inc., Blue Line Corporation
The calcium nitrate market report table of contents includes:
1. Executive Summary
2. Calcium Nitrate Market Characteristics
3. Calcium Nitrate Market Trends And Strategies
4. Calcium Nitrate Market - Macro Economic Scenario
5. Global Calcium Nitrate Market Size and Growth
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32. Global Calcium Nitrate Market Competitive Benchmarking
33. Global Calcium Nitrate Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Calcium Nitrate Market
35. Calcium Nitrate Market Future Outlook and Potential Analysis
36. Appendix
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