[Research Report] Calcium nitrate market was valued at US$ 882.03 million in 2021 and is projected to reach US$ 1,130.94 million by 2028; it is expected to grow at a CAGR of 3.6% from 2021 to 2028.
MARKET ANALYSIS
Calcium nitrate is an organic compound composed by treating limestone with nitric acid by neutralizing with ammonia. Calcium nitrate is mainly used as a component in fertilizers. Calcium nitrate fertilizers contain calcium and nitrogen, which are essential nourishment elements for plants. It enhances the uptake of magnesium, potassium, and calcium from the soil, increases yield and quality, extends the storage life of fruits, and builds up resistance to diseases and pests. Calcium nitrate is also used for medicinal purposes in manufacturing concrete, explosives, and wastewater treatment. In addition, it is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment.
GROWTH DRIVERS AND CHALLENGES
Constant growing demand for calcium nitrate from fertilizer manufacturers is boosting the global calcium nitrate market growth significantly. Agriculture is an important component of the global economy. Agriculture is the primary source of employment, income, and food, and it meets these basic needs throughout the world. The agricultural population accounts for 67 per cent of the overall population, according to the Food and Agriculture Organization (FAO). China possesses 7% of the world's arable land, which allows it to feed 22% of the world's people. As the agricultural population develops, so does the demand for calcium nitrate. Moreover, increasing use of calcium nitrate in wide range of applications is further boosting the global calcium nitrate market growth. Calcium nitrate is produced in granulated form and is mostly used as a nitrogen fertilizer in agriculture. Calcium has many important benefits for plants. It improves cell wall strength, which leads to higher-quality fruits with a longer shelf-life. Calcium also increases heat tolerance and helps to reduce the amount of heat stress experienced by plants in warmer climates. It's also used in odor-prevention wastewater pre-conditioning and set-accelerating concrete admixtures. In wastewater treatment processes, the compound induces anoxic biology in wastewater treatment to inhibit the metabolic generation of odor-creating components such as hydrogen sulfide, thus eliminating foul odors. It also induces autotrophic denitrification that aids in the biological dissolution of sulfide in septic wastewater. However, availability of substitutes might limit its market growth Organic and non-organic fertilizers are two categories of fertilizers. Calcium nitrate is an inorganic chemical having the formula Ca(NO3)2 that is mostly used in fertilizers. Calcium nitrate fertilizers provide the vital nutrients that plants require while also improving the soil's water retention capacity and fertility. It can be applied to the soil by irrigation water or applied to the soil by foliar treatments.
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Global Calcium Nitrate Market: Strategic Insights
Market Size Value in US$ 882.03 Million in 2021 Market Size Value by US$ 1,130.94 Million by 2028 Growth rate CAGR of 3.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Global Calcium Nitrate Market: Strategic Insights
| Market Size Value in | US$ 882.03 Million in 2021 |
| Market Size Value by | US$ 1,130.94 Million by 2028 |
| Growth rate | CAGR of 3.6% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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REPORT SEGMENTATION AND SCOPE
The "Global Calcium Nitrate Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global calcium nitrate market trends and growth opportunities. The report aims to provide an overview of the global calcium nitrate market with detailed market segmentation by application, and geography. The global calcium nitrate market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of calcium nitrate worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the calcium nitrate market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the calcium nitrate market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative calcium nitrate market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global calcium nitrate market, which helps understand the entire supply chain and various factors affecting the market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The global calcium nitrate market is segmented on the basis of and application. On the basis of application, the market is classified as, fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. Based on application, the fertilizers segment accounted for a major calcium nitrate market share which can be attributed to the increasing use of calcium nitrate in various applications. Calcium nitrate is a complex, water-soluble fertilizer constituting 15.5% nitrogen (N) in a readily available form and 18.5% calcium (Ca). Calcium is one of the secondary nutrients required for crop production. It helps improve fruit color, luster, and consistency; soil structure and water penetration; and crop’s pest and disease resistance. Calcium nitrate fertilizers are the only water-soluble source of calcium available for plants. It can be used as a fertilizer as well as a disease control agent. The compound helps stabilize cell growth as well as boosts protein and leaf production by promoting cell formation. It also helps in the detoxification of plants by neutralizing acids. This will further attract new growth opportunities for the overall industry growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
REGIONAL ANALYSIS
The report provides a detailed overview of the global calcium nitrate market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Middle East & Africa accounted for a significant share of the market and valued at more than US$ 35-40 million in 2022 and estimated to reach US$ 40-45 million in 2030. Rapid increase in agricultural activities, especially in Middle East, positively contributed to the market growth in Middle East & Africa. Asia Pacific has also witnessed considerable growth valued at over US$ 1,300-1,400 million in 2022, attributed to increasing use of calcium nitrate in various applications in the region is driving global calcium nitrate market growth. North America is also expected to witness considerable growth valued at over US$ 250-300 million in 2022, attributed to the increased usage of calcium nitrate in agricultural industry is expected to boost the global calcium nitrate market growth.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global calcium nitrate market.
- In August 2022, Russian mineral fertilizer producer, Acron Group has commissioned a 100,000t/y granular calcium nitrate production unit at its Veliky Novgorod facility.
- In April 2021, FB Science has added three products to complete its six-product line of calcium nitrate.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The COVID-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. The ongoing pandemic has drastically altered the chemicals & materials sector's status and negatively impacted the calcium nitrate market's growth. The implementation of measures to combat the spread of the virus has aggravated the situation and impacted the growth of several industrial sectors. The market is being disrupted by COVID-19 because of slowdown of calcium nitrate production, supply chain instability, hampered trade movements, decrease in end-use industry demand, and reduced demand for new projects. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. Therefore, the calcium nitrate market has recovered quite well from the aftermath of the pandemic and is expected to grow over the coming years.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the calcium nitrate market include, include 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 among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global calcium nitrate market are 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; and Van Iperen Internationalamong many others.
Calcium nitrate is widely used as a fertilizer as it helps enhance the uptake of magnesium, potassium, and calcium from the soil; improve the yield and quality of crop; extend the storage life of fruits; and build up resistance to diseases and pests. Further, calcium improves cell wall strength, which leads to higher-quality fruits with a longer shelf-life. It also increases heat tolerance and helps reduce the impact of heat stress experienced by plants in warmer climates. Such factors have increased the demand for calcium nitrate fertilizers in agriculture and it is expected to witness the highest growth within the forecast period.
Calcium nitrate is synthesized chemically by treating limestone with nitric acid, followed by neutralizing the outcome with ammonia. Calcium nitrate is produced in a granulated form and is mostly used as a nitrogen fertilizer in agriculture. The calcium nitrate-based fertilizers help enhance the uptake of magnesium, potassium, and calcium from the soil; improve the yield and quality of crop; extend the storage life of fruits; and build up resistance to diseases and pests. The calcium nitrate market has been segmented based on applications such as fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others.
The List of Companies - Global Calcium Nitrate Market
- 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.
- Iperen International
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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