The increased demand for calcium nitrate from fertilizers is a major driver driving the market calcium nitrate market.
The global Calcium Nitrate market is expected to develop $7.5 billion by 2030, at a compound annual increase in price (CAGR) of 4.6% throughout the forecast period.
Covid-19 Impact & Market Status
The worldwide calcium nitrate market is likely to slow down because of the COVID-19 pandemic, leading to lower demand and supply chain disruptions. The calcium nitrate market in China is through a severe economic downturn. In Asia-Pacific, this is projected to result in a market downturn. The COVID-19 epidemic has had a significant influence on the chemical industry. Fertilizer manufacturing plants have also seen a reduction in demand and productivity. This might lead to a decline in the calcium nitrate market in the future. However, owing to numerous government subsidies granted for fertilizer businesses where calcium nitrate is widely utilized, development in the agriculture sector is projected. This might help the global calcium nitrate market develop in the post-pandemic COVID-19 situation
The Agriculture Segment Is Poised for Rapid Progress
The global calcium nitrate market is classified into agriculture, greenhouse, fertigation, liquid on the basis of type. Among these, the agriculture segment accounted for highest market share of global calcium nitrate market owing to factors such as high nutrient value, and acts as an efficient fertilizer. Calcium nitrate is also employed as an anhydrous and air-stable derivative in agriculture. Calcium nitrate is used in water treatment for odour emission because of its strong pre-conditioning capability.
Fertilizers Segment Accounted for Highest Revenue
Fertilizers were the most significant application category of the global calcium nitrate market in 2021. In the same year, this application area brought in more over USD 3 Million in revenue. Because calcium nitrate is widely utilised as a fertiliser element in agriculture, the segment is expected to grow at a significant CAGR during the forecast year. Calcium nitrate fertilisers are high in nitrogen and calcium, both of which are essential nutrients for plants. These boost output and quality, lengthen fruit storage life, and improve disease and insect resistance. During the projection period, high calcium nitrate fertiliser usage in Latin America and Asia Pacific countries to satisfy their respective food production would boost product demand. Wastewater treatment, concrete manufacture, and explosives are some of the other important applications for calcium nitrate. Magnesium, potassium, and calcium are better absorbed from the soil when you use a calcium nitrate-based fertiliser. Calcium nitrate is also utilised for therapeutic purposes, as well as in cooling baths, concrete manufacturing, and wastewater treatment.
APAC Accounted for Highest Market Share
In 2021, Asia Pacific accounted for about half of the worldwide calcium nitrate market. In the future years, the area will see the most growth in terms of both value and volume. Due to increased demand in their domestic fertiliser industries, China and India are projected to be the largest users of calcium nitrate in the Asia Pacific. As the world's population grows, so does the need for food. To meet this rising demand, better agricultural goods are necessary. This, in turn, will drive fertilizer product demand throughout the projection period. North America and Europe have been losing market share to the Asia Pacific and Latin America's growing economies.
Over the projected period, the growing demand for wastewater treatment facilities is expected to provide a variety of chances for market expansion. Over the projection period, calcium nitrate from fertilizer applications is likely to dominate the market.
Factors such as expanding agricultural commodity consumption, the threat of plant diseases, and concerns about limited arable land and resulting yield losses spurred widespread demand for chemical fertilisers, resulting in an increase in agricultural grade calcium nitrate sales furthering the development of global calcium nitrate market.
The total market for calcium nitrate has broadened due to its proven efficacy in delivering critical nutrients, nitrogen and calcium, needed for plant development and growth in the form of base fertiliser, topdressing fertiliser, foliar fertiliser, and regenerative fertiliser. In the same way, the tremendous growth of wastewater treatment programmes throughout the world has provided significant potential for the calcium nitrate industry.
Against the backdrop of widespread contamination of natural water resources due to industrial wastes, urban sewage, and other pollutants, and rising worries about the lack of clean drinking water, wastewater treatment expenditures rose rapidly in a number of countries. The scenario resulted in high-quality chances for Calcium Nitrate, a top-of-the-line deodorising compound used in wastewater treatment likely to be a growth opportunity for the global calcium nitrate market.
The calcium nitrate market was valued at US$ 882.03 million in 2021 and is predicted to increase at a CAGR of 3.6 percent from 2022 to 2029, to reach US$ 1,130.94 million.
Calcium nitrate is an organic chemical made from limestone that has been treated with nitric acid and then neutralized with ammonia. The Bir Keyland-Eyde technique was formerly used to make calcium nitrate. It's now made by heating limestone in the presence of nitric acid and then neutralizing it with ammonia.
Calcium nitrate, often known as tetrahydrate, is a colourless salt that absorbs moisture from the air. When it decomposes, nitrogen dioxide is released (when heated above 500 degrees Celsius). Because of its high nitrate concentration, agricultural grade calcium nitrate is utilised as a fertilizer. Calcium nitrate used in fertilizers is frequently referred to as double salt. In the urea complex, calcium nitrate is also employed as an anhydrous and air-stable derivative. Calcium nitrate is used in water treatment for odour emission because of its strong pre-conditioning capability.
It is also utilised to speed up the settling of concrete admixtures. Calcium nitrate is also employed as a coagulant in latex manufacturing due to its outstanding coagulant properties. As a result, all of these factors are expected to boost market growth.
Rising grain crops demand and continuously increasing food demand is driving the global calcium nitrate market. However, it causes some side effect when exposed to calcium nitrate such as dizziness, headache, nausea, and other harmful effects. But, the factors such as growing agricultural products consumption, concerns over arable land, proven efficacy of calcium nitrate in providing with essential nutrients, expansion in wastewater treatment projects is anticipated to be a growth opportunity for the global calcium nitrate market.
The major players in global calcium nitrate market are Yara International ASA, Rural Liquid Fertilizers (RLF), Agrium, Haifa Chemicals, GFS Chemicals, and Swiss Formulations India among others.
Latest Innovations in the Calcium Nitrate Market: A Snapshot
- At the step of purification from contaminants during the manufacturing of calcium nitrate, a sediment known as cake forms. At the filtering unit, it is eliminated from the technical cycle. The cake was used as a filler in the manufacturing of calcium ammonium nitrate, and it was also sent for storage.
- The project required the procurement of specific filter presses from the Dieffenbach Company, as well as the modification of reactor equipment. All of the cake components will now be separated in a new technical procedure before being returned to the manufacturing cycle for calcium nitrate and complex mineral fertilizers.
Calcium Nitrate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||US$ 1,130.94 million|
|Growth Rate||CAGR of 3.6 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Yara International ASA, Rural Liquid Fertilizers (RLF), Agrium, Haifa Chemicals, GFS Chemicals, and Swiss Formulations India among others.|
Key Segments of the Global Calcium Nitrate Market
Type Overview, 2019-2029 (USD Million)
Application Overview, 2019-2029 (USD Million)
- Wastewater Treatment Chemicals
- Concrete Manufacturing
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa