The global calcium nitrate market exhibited stable growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global calcium nitrate market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, form and application.
Breakup by Form:
Breakup by Application:
Breakup by Region:
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||2020|
|Segment Coverage||Form, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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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