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Global Calcium Nitrate Market to Grow at 5.87% During 2022-2027, Catalyzed by Surging Use of Agrochemicals

Published on Nov 14, 2022

IMARC Group’s latest report, titled “Calcium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global calcium nitrate market is expected to grow at a CAGR of 5.87% during 2022-2027. Calcium nitrate, also known as Norgessalpeter (Norwegian saltpeter) or double salt, refers to an inorganic nitrate salt of calcium with the chemical formula Ca(NO3)2. It usually appears as a white to light gray crystalline solid and is obtained by treating limestone with nitric acid, followed by subsequent neutralization with ammonia. It is found as a tetrahydrate or anhydrous compound and absorbs moisture from the air. It is primarily used in manufacturing fertilizers, explosives, pyrotechnics, fireworks, concrete, refrigerant, and matchsticks. It is also employed as a strong oxidizing agent and in signal flares, radio tubes, and corrosion inhibitors in diesel fuels. As a result, calcium nitrate finds extensive applications across various industries, including agriculture, horticulture, construction, explosives, and wastewater treatment.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.    

Global Calcium Nitrate Market Trends:

Calcium nitrate aids in cell formation, promotes the growth and development of leaves and roots, enhances the disease resistance and storage life of fruits, and protects crops from stress-induced cell damage. Moreover, it forms amino acids for photosynthesis and prevents various diseases in plants, such as blossom end rot. As a result, the surging use of agrochemicals, such as fertilizers, due to the expanding global population, declining arable land, and escalating food demand represents the primary factor driving the market growth. Besides this, calcium nitrate acts as a source of calcium and nitrate in hydroponics, which is another major growth-inducing factor. Additionally, governments of various countries, especially developing nations, are implementing stringent water and wastewater treatment regulations. In line with this, the increasing adoption of calcium nitrate in wastewater treatment to suppress odor formation in municipal wastewater and sewer networks has catalyzed the product demand. Furthermore, the growing usage of calcium nitrate in concrete manufacturing and the rising construction and renovation activities has accelerated product adoption rates. Other factors, including the significant expansion in the agriculture sector, increasing establishment of wastewater treatment facilities, rapid urbanization, and ongoing infrastructure development activities, are also providing a positive impact on the market growth.

Market Summary:

  • Based on the form, the market has been classified into liquid, crystal, granule, and others.
  • On the basis of the application, the market has been divided into fertilizer, concrete and mortars, water-treatments, explosives, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.             
  • The competitive landscape of the market has also been analyzed, with some 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.
     

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