Europe Calcium Nitrate Market Analysis, Size, and Share by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others)
- Report Date : Jul 2021
- Report Code : TIPRE00023530
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 104
The Europe calcium nitrate market is expected to grow from US$ 187.78 million in 2021 to US$ 234.56 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028.
The major players operating in Europe calcium nitrate market are Nutrien, Yara International ASA, Haifa Group, Uralchem Holding PLC, among others. The key market players in the market are focused on new and improved product offerings so that they could meet out the demand of specific end-use industries in the market, which is further expected to boost this market. Prominent companies operating in the calcium nitrate market are also investing in R&D to attain a more significant competitive edge, which is considered to create immense market opportunities. The growing demand for calcium nitrate in Europe is most likely to impact the growth of the market. Furthermore, European manufacturers also have established their manufacturing facilities in different areas of the world.
In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of calcium nitrate manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for calcium nitrate during the early months of 2020. Moreover, decline in the overall fertilizers manufacturing activities has led to discontinuation of calcium nitrate manufacturing projects, thereby reducing the demand for calcium nitrate. Similar trend was witnessed in other Europe countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe calcium nitrate market. Agriculture is an important component of the Europe 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). As the agricultural population develops, so does the demand for calcium nitrate. Calcium nitrate fertilizer plays an essential role in the production of high-quality crops by promoting plant development. Calcium nitrate fertilizer contains both nitrate nitrogen and calcium, two of the most important nutrients for plants. It is the best choice for higher fertilizing for any plantation, type of soil, and weather situation. The absorption of soluble calcium by the roots is increased by nitrogen in the form of nitrate, which enhances the plant's calcium supply. The United States is well-known for its agricultural research and produces some of its most advanced agricultural technology. Corn was the most abundant crop in the United States, yielding 247,882,000 metric tonnes. The expanding population, which drives the demand for food, boosted the demand for calcium nitrate fertilizer. The majority of countries in the world are active in agriculture, and proper fertilizer is required to increase crop and plant growth. Calcium nitrate fertilizer strengthens cell walls, resulting in higher-quality fruits with a longer shelf life. Improved cell wall strength also improves a plant's ability to withstand pest and disease pressure. Calcium also improves heat tolerance and reduces the amount of heat stress that plants in hotter areas endure.
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Europe Calcium Nitrate Market Segmentation
Europe Calcium Nitrate Market – By Application
- Fertilizers
- Wastewater Treatment Chemicals
- Concrete Manufacturing
- Explosives
- Others
Europe Calcium Nitrate Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Calcium Nitrate Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 187.78 Million |
| Market Size by 2028 | US$ 234.56 Million |
| Global CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Nutrien
- Yara international ASA
- Haifa Group
- Uralchem holding PLC
- Rural Liquid Fertilisers
- ProChem, Inc.
- Van Iperen International
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