Calcium Nitrate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Calcium Nitrate Market Analysis
The calcium nitrate market is projected to register a CAGR of more than 3% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily.
- The growing demand for calcium nitrate from fertilizers is expected to drive the market's growth over the forecast period.
- On the other hand, the increasing use of organic-based fertilizers is expected to hinder the market growth during the forecast period.
- The increasing need for wastewater treatment facilities is forecasted to offer various opportunities for market growth over the forecast period.
- The Asia-Pacific region dominated the global market, with the largest consumption from countries such as China, India, and Japan.
Calcium Nitrate Market Trends
This section covers the major market trends shaping the Calcium Nitrate Market according to our research experts:
Fertilizers Segment to Dominate the Market Growth
- Calcium nitrate is an inorganic compound produced by treating limestone with nitric acid, then by neutralization with ammonia, and used for various applications such as fertilizers, explosives, concrete, refrigerant, etc.
- Calcium nitrate manure is a multi-functional compost that can be used in taking care of plants just as treating or preventing disease, especially among fruiting plants. It contains calcium and nitrogen and can treat plants with insufficiencies in these supplements.
- It includes wider applications in horticulture as it improves fruit quality and is less sensitive to bitter pit and blossom end rot and shelf-life. Additionally, it is also suitable for foliar applications.
- An exponentially growing population and ever-increasing demand for food necessitate using more fertilizers to increase the yield per hectare, which increases pressure on dwindling farmlands.
- With the increasing global nitrate production, the consumption of calcium nitrate in fertilizer also increases. According to International Fertilizer Association, Russia produced the largest amount of nitrogen in 2021, and its domestic consumption to 2.5 million tons of nitrogen(AN/CAN).
- The United States followed Russia with a total domestic nitrogen consumption of 2.6 million tons and an export of 0.2 million tons in 2021. Thus, increasing nitrogen production leads to growth in fertilizer production, supporting the market growth during the forecast period.
- Hence, owing to the abovementioned factors, the application of calcium nitrate from fertilizers will likely dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for calcium nitrate during the forecast period. The rising demand for fertilizers from agriculture and growing application in wastewater treatment facilities in developing countries like China, Japan, and India is expected to drive the demand for calcium nitrate in this region.
- The largest producers of calcium nitrate are located in the Asia-Pacific region. Some leading companies in the production of calcium nitrate are URALCHEM JSC, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Yara, GFS Chemicals Inc, and Rural Liquid Fertilizers, among others.
- With rising living standards and the expansion of the middle class, imports of horticultural products in China have also increased significantly in recent years, with Chinese consumers being pickier regarding the quality and variety of products offered.
- According to the National Bureau of Statistics of China, the production volume of chemical fertilizer (including nitrogen, phosphate, and potash fertilizer) in the country amounted to 55.44 million tons in 2021, representing an increase of 0.9 % compared to 2020.
- Moreover, according to the Fertiliser Association of India, the production of fertilizer nutrients amounted to 43,743 kilotons for FY 2021-22, representing an increase of more than 5% compared to FY2017-18. Therefore, with the increasing fertilizer production, the consumption of calcium nitrate also increases, thus supporting the market growth significantly.
- Owing to the abovementioned factors, the Asia-Pacific region's calcium nitrate market is projected to grow significantly during the study period.
Calcium Nitrate Industry Overview
The global calcium nitrate market is partially consolidated in nature. Some of the major players in the market include URALCHEM JSC, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Yara, GFS Chemicals, Inc., and RLF AgTech, among others (in no particular order).
Calcium Nitrate Market Leaders
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URALCHEM JSC
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Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd
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Yara
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GFS Chemicals, Inc.
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RLF AgTech
*Disclaimer: Major Players sorted in no particular order
Calcium Nitrate Market News
- August 2022: Acron Group, a Russia-based mineral fertilizer producer, launched a 100,000-tpa unit to produce granulated calcium nitrate at its facility in Veliky Novgorod.
- April 2022: Casale announced the acquisition of Green Granulation, which designs and manufactures urea and Ammonium Nitrate (AN) / Calcium Ammonium Nitrate (CAN) granulation systems. This strategic acquisition will strengthen Casale's position in the market.
Calcium Nitrate Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand of Calcium Nitrate from Fertilizers
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Increasing Use of Organic-Based Fertilizers
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Product Type
5.1.1 Liquid
5.1.2 Melt
5.1.3 Crystals
5.2 Application
5.2.1 Fertilizer
5.2.2 Waste Water Treatment
5.2.3 Concrete
5.2.4 Explosives
5.2.5 Refrigerant
5.2.6 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.2.4 Rest of North America
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 GFS Chemicals, Inc.
6.4.2 Noah Technologies Corporation
6.4.3 Prathista Industries Limited
6.4.4 ProChem, Inc
6.4.5 RLF AgTech
6.4.6 Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd.
6.4.7 Shanxi Leixin Chemical Co., Ltd.
6.4.8 Swiss Formulations
6.4.9 URALCHEM JSC
6.4.10 Van Iperen International
6.4.11 WEGO CHEMICAL GROUP
6.4.12 Yara
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Need of Waste Water Treatment Facilities
Calcium Nitrate Industry Segmentation
Calcium nitrate is a chemical compound that dissolves in water and includes several applications, including water treatment, fertilizers, concrete, and cold packs. Calcium nitrate is mostly utilized in wastewater treatment to eliminate hydrogen sulfide-related odors and guard against oxygen shortage. The Calcium nitrate market is segmented by product type, application, and geography. By product type, the market is segmented into Liquid, Melt, and Crystals. By application, the market is segmented into Fertilizer, Waste Water Treatment, Concrete, Explosives, Refrigerant, and Others. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Product Type | |
| Liquid | |
| Melt | |
| Crystals |
| Application | |
| Fertilizer | |
| Waste Water Treatment | |
| Concrete | |
| Explosives | |
| Refrigerant | |
| Other Applications |
| Geography | |||||||
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Calcium Nitrate Market Research FAQs
What is the current Calcium Nitrate Market size?
The Calcium Nitrate Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Calcium Nitrate Market?
URALCHEM JSC, Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd, Yara, GFS Chemicals, Inc. and RLF AgTech are the major companies operating in the Calcium Nitrate Market.
Which is the fastest growing region in Calcium Nitrate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Calcium Nitrate Market?
In 2024, the Asia Pacific accounts for the largest market share in Calcium Nitrate Market.
What years does this Calcium Nitrate Market cover?
The report covers the Calcium Nitrate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Calcium Nitrate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Calcium Nitrate Industry Report
Statistics for the 2024 Calcium Nitrate market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Calcium Nitrate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
