Calcium nitrate is majorly used in the fertilizers and also in several applications such as the concrete production, wastewater treatment, and latex production among others. There is a rapid increase in the wastewater treatment in the developing region which is accounts for a major driving force behind the market growth. The agriculture sector accounts for the leading application of calcium nitrate.
Acknowledging the positive growth, the market has been witnessing over the past few years, Market Research Future (MRFR) in its recently published study report asserts that the global calcium nitrate market will grow exponentially by 2030, registering a phenomenal CAGR throughout the forecast period (2022-2030).
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Additional factors adding up to the growth of the market include increasing demand for calcium nitrate from the sectors of wastewater pollutants threat led by the ever-increasing population and the urbanization that is dictating the demand for safe drinking water. The growing population worldwide is also giving a push to the global demand for grain crops which is boosting the growth in the agriculture sector and the use of fertilizers.
Moreover, the increase in the demand for major grains and oilseeds such as wheat, soybeans, and corn is increasing the use of nitrogenous fertilizers such as calcium nitrate.
Besides the rapid industrialization that has resulted in declining clean water reserves, mainly due to wastewater released during the manufacturing process and the stringent government regulations towards wastewater treatment disposal are positively influencing the size of the global calcium nitrate market.
However, calcium nitrate is hygroscopic in nature and is classified as hazard class 5.1 by regulatory regimes which impede the market growth up to some extent. Nevertheless, the rising product applications across explosives and construction material such as concrete is expected to support the market growth of the market over the forecast period.
Calcium Nitrate Market – Regional Analysis
The Asia Pacific region, heading with its vast agricultural zone accounts for the leading market in the global Calcium Nitrate Market Growth. The APAC market is mainly led by China, India, and Japan and is forecasted to experience highest gains at a substantial CAGR over the projected period. The increasing fertilizers demand to meet the growing demand for food in highly populated countries is a key factor driving the regional market. In addition, rapid industrialization in China and India propelling the product demand for wastewater treatment, significantly. Wastewater pollutants threat is comparatively higher in Brazil, China, India, and Mexico owing to elevating industrialization.
Whereas, the calcium nitrate market in the North American region is growing due to the Increasing defense budget for developing the explosives. The product is extensively used in the explosives industry, as compared to the other regions. The region is majorly led by the U.S. due to the increased government spending in order to enhance its defense forces.
The European calcium nitrate market is growing due to the highest consumption of the product in fertilizers. Besides the renovation sector that is growing strong, is expected to drive the calcium nitrate market in the region, expanding the concrete admixture application further.
Global Calcium Nitrate Market – Segmentation
For enhanced understanding, the market has been segmented into three key dynamics: -
By the Type of Process : Phosphate Rock with Nitric Acid, Limestone with Nitric Acid, Ammonium Nitrate with Calcium Hydroxide, and others.
By Application : Agriculture, Wastewater Treatment, Concrete Production, Fertilizer, Explosives, and Latex Production among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Key players leading the global calcium nitrate market include Yara International, ADOB, Nutrien Ltd., Sterling Chemicals., GFS Chemicals, Inc., Barium & Chemicals, Uralchem Holding P.L.C., Blue Line Corporation., Haifa Chemicals ltd., RLF Global, and Maryland Biochemical Company, LLC. among others.
Global Calcium Nitrate Market – Competitive Analysis
Highly competitive, the Calcium Nitrate Market Competitive Analysis appears to be fragmented due to the presence of several large and small-scale players. Mergers & acquisitions, innovation, and brand reinforcement remain major trends of these players. Such strategic initiatives are expected to improve product quality and increase production capacity to meet the rapidly growing demand, particularly from the emerging regions.
With the increasing industrialization and upgradation, manufacturers are setting up facilities in the most efficient manner to meet the growing demand of calcium nitrate. They are making high investments in R&D activities which are anticipated to impact the market positively.
Industry/ Innovations/ Related News
August 10, 2018 ---- Firmenich (Switzerland), an ingredient supplier announced the acquisition of Campus (Italy), an innovative food ingredient company to expand its capabilities in natural protein solutions for the animal and vegan food products.
Campus is specialized in producing natural products like fibers and modified functional solutions that are used for a wide range of protein applications and producing dairy, sauces, meat, and plant-based food.
This acquisition is expected to help Firmenich to expand its global reach and excel in new categories like plant and dairy-based solutions to serve customers to the best of their ability.
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