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Calcium Nitrate Market

Calcium Nitrate Market Size Analysis, By Product Type (Liquid, Melt, Crystals), By Application (Fertilizers, Waste Water Treatment, Concrete, Explosives), By Process (Limestone with Nitric Acid, Phosphate Rock with Nitric Acid, Others) & Region - Global Market Insights 2022 to 2032

Calcium Nitrate Market Outlook (2022-2032)

Presently, the global market for calcium nitrate stands at a value of US$ 12.8 billion and is projected to surpass a US$ 20.7 billion sales valuation by the end of 2032. Worldwide demand for calcium nitrate is predicted to increase at a 4.9% CAGR from 2022 to 2032, says Fact.MR.

Growing demand for chemical fertilizers is anticipated to significantly influence the demand for calcium nitrate over the coming years. The growing population has led to high agricultural consumption and the advent of yield-destroying plant diseases has also resulted in high demand for calcium nitrate fertilizers.

Increasing focus on sustainable and clean eating has pushed farmers toward the use of sustainable and organic fertilizers which is expected to benefit the market potential in the future.

Agricultural-grade calcium nitrate still holds a prominent market share at present but, is expected to lose some of its share to industrial-grade calcium nitrate as its scope of application in various industries increases.

Rising demand for water treatment processes, flourishing concrete manufacturing industry, rising demand for agricultural produce, rapid industrialization across the world, and increasing focus on sustainability are some of the prime factors that are expected to uplift sales of calcium nitrate products over the coming years.

However, the availability of several alternatives such as potassium nitrate and ammonium nitrate is anticipated to have a constraining effect on the overall market development in the long run. Emerging economies are expected to provide highly rewarding opportunities for calcium nitrate manufacturers owing to increasing investments in infrastructure development.

The market for calcium nitrate [Ca(NO3)2] in the Asia Pacific region accounts for a dominant market share at present and is projected to maintain a similar stance throughout the forecast period. The growth in this region can be majorly ascribed to a robust agricultural sector in economies such as India, China, and Indonesia.

Demand for calcium nitrate in China is predicted to rise at a CAGR of 5.8% over the next ten years and is slated to accumulate a sales revenue of US$ 3.4 billion by the end of the forecast period.

A more detailed analysis of all the trends, drivers, restraints, challenges, and opportunities shaping market growth has been discussed extensively in this latest calcium nitrate market report by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Report Attributes

Details

Calcium Nitrate Market Size (2022)

US$ 12.8 Billion

Projected Market Value (2032F)

US$ 20.7 Billion

Global Market Growth Rate (2022-2032)

4.9% CAGR

China Market Share (2032F)

~16%

Explosives Segment Growth Rate (2022-2032)

4.4% CAGR

United States Market Value (2022)

US$ 2.5 Billion

Canada Market Growth Rate (2022-2032)

4.1% CAGR

Key Companies Profiled

  • Yara International ASA
  • GFS Chemicals
  • San Corporation
  • Uralchem
  • Sasol Ltd.
  • Wenton Potassium Salt Group Co. Ltd.
  • Agrium Inc.
  • Sterling Chemicals
  • Jiaocheng Sanxi Chemical Co. Ltd.
  • Haifa Group
  • ADOB
  • Nutrien Ltd.
  • SQM S.A.

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What’s Opening Up New Opportunities for the Calcium Nitrate Market?

“Increasing Investments in Infrastructure Development”

The world has witnessed a notable increase in industrialization and urbanization trends in recent years and they have led to heightened demand for infrastructure development. Governments of emerging and underdeveloped economies are launching new infrastructure projects to foster economic growth and this has given a boost to construction activity across the world.

Heightened construction activity results in high demand for concrete and hence triggers the concrete manufacturing industry. The use of calcium nitrate as a setting agent in concrete admixtures further provides attractive growth opportunities for calcium nitrate suppliers and vendors.

Calcium nitrate market forecast by Fact.MR

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Country-wise Insights

Why is the U.S. Market Expected to Be a Cash Cow for Calcium Nitrate Suppliers?

“Robust Agriculture Sector & High Spending on Military & Defense”

The market for calcium nitrate in the United States has a bright outlook owing to the presence of a lucrative agriculture sector and high spending on military and defense applications. Calcium nitrate is used in explosives and hence it is expected to witness high demand from the military and defense sectors of the United States over the coming years.

Moreover, supportive government initiatives and the presence of key chemical and fertilizer manufacturers make this a rewarding market for calcium nitrate suppliers. In 2022, the sales revenue from the calcium nitrate industry in the United States is US$ 2.5 billion.

Which Asia Pacific Countries Could be Moneymaking Markets?

“China, India, Japan, & Korea Slated to Be Thriving Markets”

Asian countries account for the majority of calcium nitrate demand and this is solely attributed to the robust agricultural sector of this region led by countries such as China, India, and Japan. Japan has the least farmable of many countries but is still a lucrative market for agricultural fertilizers owing to the deployment of smart agricultural techniques and technologies, Moreover, the presence of key chemical manufacturing and fertilizer manufacturing companies in Japan and Korea is also expected to benefit market growth in these countries.

The market for calcium nitrate in Japan is anticipated to exhibit expansion at a CAGR of 3.2% over the next ten years.

Which Countries are Driving Market Growth in Europe?

“Germany Anticipated to be Prominent European Market”

Europe is home to some of the major fertilizer manufacturers in the world such as Eurochem Group, Helm AG, and Yara International and the regional market is also regarded as the leading producer of nitrate fertilizers. The region is also home to some of the most prominent names in the chemical industry. All of the aforementioned factors are expected to govern the market for calcium nitrate in this region over the coming years.

However, changing economic landscape of European countries such as Russia, Spain, and the United Kingdom is expected to pose a threat to the market development in this region. However, Germany, Italy, and France are expected to be noteworthy markets across the forecast period.

Over the next ten years, the market for calcium nitrate in Germany is predicted to exhibit expansion at a CAGR of 5.5%.

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Category-wise Insights

How is the Agricultural Industry Setting the Scene for the Global Calcium Nitrate Market?

“High Use of Fertilizers in Agriculture Spearheading Revenue Generation”

Based on application, the market for calcium nitrate is segmented into fertilizers, wastewater treatment, concrete, explosives, refrigerants, and other applications.

The agricultural industry has witnessed a major uproar over the past few years owing to the growing world population and rising consumption of agricultural produce. The aforementioned factors have fostered the demand for agrochemicals and fertilizers, which are used to ensure a proper yield and save agricultural produce from getting destroyed by pests and other damaging elements. The flourishing agriculture industry and growing demand for food across the world are expected to boost sales of fertilizers over the coming years and hence, subsequently drive demand for calcium nitrate as well.

Shipments of fertilizers are slated to increase at a 5.4% CAGR from 2022 to 2032. Demand for liquid fertilizers is anticipated to be high owing to their ease of application and better efficacy as compared to other forms of fertilizers. Meanwhile, the use of calcium nitrate in explosives is anticipated to progress at a 4.4% CAGR across the forecast period.

The scarcity of natural potable water and diminishing water resources owing to climatic changes are fueling the demand for wastewater treatment and this is anticipated to drive demand for calcium nitrate as well since it offers odor inhibition by increasing the oxidation rate of biologically dissolved sulfide. Demand for calcium nitrate in wastewater treatment applications is expected to increase at a 4.9% CAGR through 2032.

What Strategies are Companies in the Calcium Nitrate Market Adopting to Drive Revenue Growth?

Key players in the calcium nitrate market are anticipated to eye partnerships and collaborations to develop new products and expand their business potential.

  • In June 2022, Yara International, a Norwegian chemical manufacturer entered into new agreements for gas supply with Australian gas supplier Santos Ltd. for its liquid ammonia plant in Western Australia. The companies are also expected to work together and explore other business opportunities along with decarbonization opportunities as well.

As the demand for calcium nitrate fertilizers is increasing steadily, calcium nitrate manufacturers are also focusing on ramping up their production capacity to meet growing demands.

Key Segments Covered in Calcium Nitrate Industry Research

  • By Product Type:

    • Liquid
    • Melt
    • Crystals
  • By Application:

    • Fertilizers
    • Waste Water Treatment
    • Concrete
    • Explosives
    • Refrigerants
    • Other Applications
  • By Process:

    • Limestone with Nitric Acid
    • Phosphate Rock with Nitric Acid
    • Ammonium Nitrate with Calcium Hydroxide
  • By Region:

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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In 2022, the market for calcium nitrate stands at US$ 12.8 billion.

Demand for calcium nitrate is estimated to increase at 4.9% CAGR and reach US$ 20.7 billion by 2032-end.

Product type, application, and process are the key segments detailed in this research report.

Fertilizers, wastewater treatment, concrete, explosives, and refrigerants are notable applications of calcium nitrate.

GFS Chemicals, San Corporation, Uralchem, Sasol Ltd., Wenton Potassium Salt Group Co. Ltd., Agrium Inc., Sterling Chemicals, Jiaocheng Sanxi Chemical Co. Ltd., and Haifa Group are key manufacturers of calcium nitrate.

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