Global Calcium Nitrate Market to Reach $13.5 Billion by 2026
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Editing: ten; Published: February 2022
Executive Pool: 493
Companies: 88 – Actors covered include ADOB; GFS Chemicals, Inc.; Haifa Group; Nutrien Ltd. ; Rural Liquid Fertilizers Pty Ltd. ; San Society; sasol ltd. ; SQM SA; Sterling Chemicals; URALCHEM JSC; Wentong Potassium Salt Group Co., Ltd. ; Yara International ASA and others.
Blanket: All major geographies and key segments
segments: Application (fertilizer, sewage treatment, explosives, concrete manufacturing and other applications)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Colombia; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Calcium Nitrate Market to Reach $13.5 billion by 2026
Calcium nitrate is an inorganic colorless anhydrous salt with the formula Ca(NO3)2. Also called Norwegian saltpeter, calcium nitrate is produced industrially by treating limestone with nitric acid, reacting ammonium nitrate with calcium hydroxide, or reacting phosphate rock with nitric acid. The compound can also be obtained by a process involving the absorption of nitrogen oxide by lime water (milk of lime). Calcium nitrate is widely used in agricultural fertilizers. Containing 23.7% water-soluble calcium (CaO) and 11.8% nitrogen nitrate, calcium nitrate helps faster absorption of nutrients, improves disease resistance and promotes early maturity and quality of vegetables and fruit. Calcium Nitrate Fertilizer, which provides the only source of water-soluble calcium available to plants, facilitates sufficient nitrogen and calcium supply to plants, while providing effective control of diseases, pests and a healthy port.
Amid COVID-19 crisis, Global Calcium Nitrate Market Estimated at US$11.2 billion in 2022, is expected to reach a revised size of US$13.5 billion by 2026, growing at a CAGR of 4.5% over the analysis period. Fertilizers, one of the segments analyzed in the report, is expected to grow at a CAGR of 5% to reach US$6.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Wastewater Treatment segment is readjusted at a revised CAGR of 4.5% for the next 7-year period. This segment currently accounts for a 22.9% share of the global calcium nitrate market.
The US market is estimated at $2.3 billion in 2022, China is expected to reach $2.9 billion by 2026
The calcium nitrate market in the United States is estimated at US$2.3 billion in 2022. The country currently accounts for a 20.82% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$2.9 billion in 2026 with a CAGR of 5.7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 3.1% and 4% respectively over the analysis period. In Europe, Germany is expected to grow at around 3.5% CAGR while the rest of the European market (as defined in the study) will reach US$3.1 billion at the end of the analysis period.
Factors such as the growing consumption of agricultural products, the growing threat of plant diseases, and concerns over dwindling arable land and associated yield losses have fueled widespread demand for chemical fertilizers, thus accelerating nitrate sales by agricultural grade calcium. The proven effectiveness of Calcium Nitrate in providing key nutrients, Nitrogen and Calcium, necessary for plant development and growth as Base Fertilizer, Cover Fertilizer, foliar and regenerative fertilizer has expanded the global calcium nitrate market. Likewise, the massive expansion of wastewater treatment programs across the globe has created substantial opportunities for the calcium nitrate market. Against a backdrop of large-scale pollution of natural water resources from industrial waste, urban sewage and other pollutants, and growing concerns about the scarcity of drinking water, investments in wastewater treatment increased sharply in several regions of the world. The scenario produced high-quality opportunities for calcium nitrate, a premier deodorizing agent in wastewater treatment processes. Likewise, the gradual expansion of concrete manufacturing owing to a healthy tide in the construction and infrastructure sectors, has contributed to substantial growth in the calcium nitrate market. Calcium nitrate, which was originally used as a setting accelerator in the manufacture of concrete, has expanded its role over the past two decades to provide a reliable antifreeze admixture, long-term strength improver and plasticizer. in the manufacture of concrete.
Segment of explosives to reach $1.6 billion by 2026
Explosives are another major application area, where the use of calcium nitrate has increased significantly over the years. The explosives industry, which, in addition to the military, caters to the mining, quarrying, construction, oil and gas and pyrotechnics markets, is experiencing steady growth around the world, while contributing to the growth and progress of various commodity markets, including calcium nitrate. In the global Explosives segment, United States, Canada, Japan, China and Europe will drive the CAGR of 4% estimated for this segment. These regional markets representing a combined market size of US$884.8 million will reach a projected size of US$1.2 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$280.1 million by 2026, while Latin America will grow at a CAGR of 4.4% over the analysis period. Continued
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