The global calcium nitrate market is expected to exhibit a growth rate (CAGR) of 5.6% during 2023-2028.
Calcium nitrate [Ca(NO3)2] is a colorless crystalline oxidant that is produced by applying nitric acid to limestone and ammonia. It absorbs moisture from the air and is found as a tetrahydrate or anhydrous compound. Also known as Norgessalpeter (Norwegian saltpeter) or double salt, calcium nitrate is a crucial component used in manufacturing fertilizers, fireworks, explosives, and matchsticks. It is also used in wastewater treatment to suppress odor formation in municipal wastewater and sewer networks. In recent years, the demand for calcium nitrate has increased as it helps in cell formation, growth and development of leaves and enhancing the disease resistance and storage life of fruits.
Calcium Nitrate Market Trends:
The global calcium nitrate market is primarily driven by the growing demand for agrochemicals and fertilizers. Calcium nitrate aids in root growth, elongation, functions as antioxidants and protects the plants from stress-induced cell damage. On the other hand, the non-solid acidifying property of calcium nitrate is suitable for various plants such as tomato, apple, and pepper. It forms amino acid for photosynthesis and prevents diseases, including blossom end rot. Calcium nitrate is also a source of calcium and nitrate in hydroponics, which is providing a positive impact on the market growth. Furthermore, the implementation of stringent regulations for water and wastewater treatments by the governments of various countries, especially in emerging economies, has increased the demand for calcium nitrate. When used in septic water, it increases the oxidation rate of biologically dissolves sulfide through autotrophic denitrification, thereby inhibiting the production of odorous compounds under anaerobic conditions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global calcium nitrate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on form and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being GFS Chemicals Inc, Haifa Group, Nutrien Ltd., ProChem Inc, Rural Liquid Fertilisers, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Shanxi Leixin Chemical Co. Ltd, Sterling Chemicals (Eastman Chemical Company), Van Iperen International, Wego Chemical Group and Yara International ASA.
Base Year of the Analysis
Form, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
GFS Chemicals Inc, Haifa Group, Nutrien Ltd., ProChem Inc, Rural Liquid Fertilisers, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Shanxi Leixin Chemical Co. Ltd, Sterling Chemicals (Eastman Chemical Company), Van Iperen International, Wego Chemical Group and Yara International ASA
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Key Questions Answered in This Report
We expect the global calcium nitrate market to exhibit a CAGR of 5.6% during 2023-2028.
The rising demand for agrochemicals and fertilizers, along with the increasing adoption of calcium nitrate as a strong oxidizing agent across several industries, including agriculture, horticulture, construction, etc., is primarily driving the global calcium nitrate market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for calcium nitrate.
Based on the form, the global calcium nitrate market has been segregated into liquid, crystal, granule, and others. Currently, liquid form holds the majority of the total market share.
Based on the application, the global calcium nitrate market can be bifurcated into fertilizer, concrete and mortars, water-treatments, explosives, and others. Among these, fertilizer exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global calcium nitrate market include GFS Chemicals Inc, Haifa Group, Nutrien Ltd., ProChem Inc, Rural Liquid Fertilisers, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Shanxi Leixin Chemical Co. Ltd, Sterling Chemicals (Eastman Chemical Company), Van Iperen International, Wego Chemical Group, and Yara International ASA.
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