Global Calcium Nitrate Market 2024 – 2033

Reports Description

According to Custom Market Insights (CMI), The Global Calcium Nitrate Market Size was valued at USD 13.77 Billion in 2021 and is expected to reach USD 14.43 billion in 2022, and is estimated to reach USD 21.24 Billion by the end of 2030 at a CAGR of approximately 6.12% during the forecast period 2022-2030.

Calcium nitrate is produced with the help of limestone and nitric acid, which are chemically reacted with each other to produce the final product. In this process, nitric acid is used to treat limestones, giving out the final product as calcium nitrate. This final product is obtained after it is neutralized with the help of ammonia. A granulated structure is obtained from this process which is utilized as a nitrogen fertilizer for plants and agricultural processes. It helps to provide agriculture with the necessary nutrients and components that help it to develop faster and have better quality.

The basic function of calcium nitrate is to facilitate the uptake of nutrients such as calcium, potassium and magnesium, which are available in the soil. A better yield is obtained from the crops, which helps the producer earn better future profits. A high-quality crop emerges to have a better shelf life as it does not suffer from diseases or infections, which tend to reduce the product’s longevity. Calcium nitrate helps build up the crops’ immune system, making them resistant to several pests and diseases affecting the crop’s quality and health.

The huge number of diseases affecting the quality of a crop hampers the price of the final product in the global market, affecting the producer’s earning capacity. The storage term of the crops and fruits extended tremendously with the help of this chemical, as it improves the quality of the final product. Another major benefit obtained with the help of calcium nitrate is to control the odour formed in sewer channels and wastewater areas of municipal treatment plants. The huge number of sewage channels and waterlogged areas worldwide lead to a huge amount of foul odour, which can be managed with the help of this chemical. The largest consumer of calcium nitrate is the region of Asia Pacific due to the huge demand in the agricultural sector, which uses it as fertilizer to increase crop production and yield.

The outbreak of the pandemic had a considerable impact on the growth of the calcium nitrate market which resulted due to the strict lockdown and restricted movements imposed by the government all over the world. The consumption of calcium nitrate did not experience a decline during the phase of the pandemic due to the continuous work of agriculture, which took place all over the world.

The agricultural sector emerged as the most profitable department during the pandemic as the functions did not depend upon any manufacturer or commercial sector. The consumption of food products continued during the pandemic, which helped the market to maintain its pace and growth for a long time. The government supplied food products to numerous people during the pandemic, encouraging easy sales and supply of the products that the farmers generated.

This facilitated the consumption of calcium nitrate to a great extent to increase the production and yield of the crops, which in turn helped the farmers to earn better profits over time. A negative impact was also experienced on the market’s growth due to the disrupted demand and supply chain. New projects that were supposed to be introduced into the market were kept on hold due to the pandemic outbreak. The huge number of people in the Asia Pacific region that depend upon farming as a basic earnings source helps the calcium nitrate market to a great extent and is expected to continue similarly during the forecast period.

Growth Factors

The key market players’ rapid advancements help devise new strategies for long-term profits. The new business strategies that are adopted all over the world by the developing and developed industries are helping the market to reach new heights over some time. The increasing demand for better-quality calcium nitrate has helped the market record tremendous revenue over time.

The increasing demand to control test infestation to crops and agricultural produce has boosted the demand for better quality pesticides and fertilizers, which is fulfilled with the help of calcium nitrate. The increasing competition among the key market players to earn better profits and increase the production of calcium nitrate has helped the market to record a tremendous revenue and is foreseen to continue similarly during the forecast period.

The detailed overview conducted by the key market players regarding the segments that are helping the growth of the market has supported the fundamentals of the emerging market players. Various sectors worldwide use calcium nitrate for different purposes, helping the market record considerable revenue. Calcium nitrate is used in construction to provide better structural support and strength.

The defence sector also uses this material to a great extent to produce maximum product results. Fertilizers emerged as the most common purpose for which calcium nitrate has been made use. The increasing need to increase the production and supply of crops has greatly boosted the calcium nitrate market’s growth. Higher demand for better quality food products and raw materials by the food and beverages industry has also greatly supported the market’s growth and helped it generate considerable revenue over time.

Segmental Insights

• In the segmentation of the calcium nitrate market based on application

the fertilizers segment has emerged as the largest sector over some time due to its extensive use in the agricultural field worldwide. The increasing demand for higher-quality food products and raw materials from the food and beverages industry has boosted the demand for better fertilizers in the global market. Calcium nitrate, which proves to be an excellent fertilizer for increasing the yield of crops, has helped the market to record tremendous revenue over some time.

The shelf life of the raw materials is also increased tremendously with the use of calcium nitrate as fertilizers. Using calcium nitrate as fertilizer helps produce a better colour of fruits and vegetables, making them attractive and encouraging potential buyers worldwide. This chemical provides a lustrous look to fruits and vegetables, making them quite attractive and increasing the demand for these products globally. The quality of the raw materials is increased to develop their immunity and resistance to various diseases and infections that infest the crops. It is a water-soluble fertilizer which makes it very easy to use, and hence experience is a huge demand from the agricultural sector.

The component of calcium nitrate helps to detoxify the crops and plants as it neutralizes the acid level of the crops. Cell formation is promoted in plants with the help of calcium nitrate, which encourages better production of fruits and crops and makes the plant healthier. Structural strength is increased to a great extent with the use of calcium nitrate as a fertilizer. Various deficiencies arsine in the crops such as ladyfinger and tomatoes, which require high calcium fertilizers. This can be dealt with with the help of calcium nitrate fertilizers, which provide ample nourishment and growth.

• Segmentation of calcium nitrate based on Method 

Based on method, a segment of fertigation has emerged as the largest market as calcium ammonium nitrate is the most suitable material that can be used throughout the year and hence supports the production process without any obstacles. This synthetically unbiased process can destroy soil causticity, making it extremely suitable for all kinds of dirt. The affordability of this process has a major impact on the growth of the market due to its practicality which is exceptional as it offers multiple advantages which contain nitrogen and calcium false stop these components have emerged as the major factors which have helped the market to present a tremendous growth during the forecast period. Out of urea emerges as a controlling factor in this sector.

The production of urea is extremely cheap compared to calcium ammonium nitrate. A higher nitrogen concentration can be found in urea compared to the other components. The various advantages provided by the use of urea have made it a widely accepted material in agriculture and are expected to present tremendous growth over time by recording considerable revenue.

Report Scope

Regional Insights

Based on geography, the region of Asia Pacific has held the largest market as the countries belonging to the storage are the biggest supporters of the market. Rapid industrialization taking place all over the world has mainly become a reason for the growth of this market.

The Asia Pacific is undergoing rapid industrialization, increasing the demand for calcium nitrate in this region. This region is attributed to having a large agricultural sector which becomes a primary reason for the market’s growth during the forecast period. The region of North America has also shown considerable growth over time along with the geographical sector of Europe.

Recent Developments

Heliae agriculture and Yara North America introduced a better soil alliance to support the almond industry of California through sustainable farming to develop the soil health and productivity of water by reducing the carbon footprints. Sustainable solutions will be devised with the help of this collaboration, and the impact will be judged by reviewing the critical issues in the almond industry that affects productivity. Difficulties regarding water scarcity, drought and rapid climate change will be considered. These various factors directly impact the long-term feasibility and production of the almond industry.

Key Players

• NUTRIEN
• YARA INTERNATIONAL ASA
• STERLING CHEMICALS COMPANY
• GFS CHEMICALS INC.
• HAIFA GROUP
• URALCHEM HOLDING PLC
• RURAL LIQUID FERTILISERS
• SHANXI JIAOCHENG TIANLONG CHEMICAL INDUSTRY CO. LTD.
• PROCHEM INC
• VAN IPEREN INTERNATIONAL

Segments of the calcium nitrate market covered in the report

By Application

• Fertilizers
• Water treatment
• Explosives
• Concrete and mortars
• Others

By Method

• Limestone
• ammonium nitrate
• Phosphate rock

• Limestone with Nitric Acid
• Phosphate Rock with Nitric Acid
• Ammonium Nitrate with Calcium Hydroxide

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America