What Has Been the Growth of the Calcium Nitrate Market So Far?
The calcium nitrate market has seen considerable growth due to a variety of factors.
• In recent times, there has been significant growth in the calcium nitrate market. The market size is anticipated to escalate from $7.84 billion in 2024 to $8.33 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%.
This growth in the previous years can be attributed to the increased demand for superior quality produce, expansion in the agricultural sector, a shift towards using water-soluble fertilizers, industrial uses, and advancements in farming practices.
What Is the Forecasted Market Size and Growth Rate for The Calcium Nitrate Market Size In The Coming Years?
The calcium nitrate market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of calcium nitrate is predicted to experience substantial growth in the forthcoming years, escalating to $10.45 billion in 2029, with a 5.8% compound annual growth rate (CAGR). The expected growth in this period can be attributed to several factors including environmental sustainability worries and sustainable agricultural practices, changes in consumer trends, an increase in the demand for horticulture and floriculture, focus on sustainable farming, and increased recognition of soil health. The major trends within this forecast period are predicted to be the adoption of precision agricultural techniques, organic farming practices, hydroponic and soilless farming methods, focus on enhancing crop quality, and the acceptance of controlled-release fertilisers.
What Factors Are Driving Growth In The Calcium Nitrate Market?
The calcium nitrate market is set for noticeable expansion due to the escalating demand for fertilizers. Fertilizers, which either come in substance or mix form, are utilized for the enrichment of soil, plants, or crops with imperative nutrients for advancing plant growth. Within the fertilizers, calcium nitrate plays a key role as it's an all-around substance that delivers nitrogen and calcium to maturing crops while enhancing the quality of fruits and vegetables. Statistics Canada disclosed that, in May 2023, they reported a year-over-year fertilizer sale increase of nearly a third (29.1%), which amounted to a record-breaking $1.8 billion in monthly sales. Consequently, the calcium nitrate market is likely to thrive owing to this uptick in demand for fertilizers.
The surge in demand for wastewater treatment facilities will likely catalyze the growth of calcium nitrate market
What Are The Main Segments Of The Global Calcium Nitrate Market?
The calcium nitrate market covered in this report is segmented –
1) By Type: Liquid, Melt, Crystals
2) By Process: Limestone, Phosphate Rock, Ammonium Nitrate
3) By Application: Fertilizer, Waste Water Treatment, Concrete, Explosives, Refrigerant, Other Applications
4) By End-User: Aerospace Components, Automotive Parts, Logging Equipment, Boring And Cutting Equipment, Electrical And Electronics Appliances, Other End Users
Subsegments:
1) By Liquid: Calcium Nitrate Solution, Fertilizer Grade Liquid Calcium Nitrate
2) By Melt: Calcium Nitrate Melt For Industrial Use, Calcium Nitrate Melt For Agricultural Use
3) By Crystals: Calcium Nitrate Tetrahydrate Crystals, Anhydrous Calcium Nitrate Crystals
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What Trends Are Shaping The Calcium Nitrate Market?
Leading companies in the calcium nitrate market are introducing novel products like granules to enhance efficiency and performance in the gardening and agriculture sectors. Granules are small, round particles or pellets frequently used as fertilizers due to their ease of application and ability to regulate nutrient release in soil. For example, in August 2022, Acron Group, a chemical manufacturing firm based in Russia, unveiled a new calcium nitrate unit. The Acron Group's newly-established calcium nitrate unit in Veliky Novgorod has an annual production capacity of 100,000 tons of granulated calcium nitrate, derived from an approximate investment of RUB1.5 billion. This facility boosts the company's fertilizer range and promotes environmentally-friendly farming practices.
Who Are the Key Players In The Calcium Nitrate Market?
Major companies operating in the calcium nitrate market report are:
• SABIC Limited
• Sumitomo Chemicals Co. Ltd.
• Yara International ASA
• Syngenta Crop Protection AG
• Sasol Limited
• Borealis AG
• EuroChem Group AG
• Nutrien Ltd.
• CF Industries Holdings Inc.
• Orica Limited
• KRONOS Worldwide Inc.
• Anhui Jinhe Industrial Co. Ltd.
• Achema AB
• Fertiberia SA
• Haifa Group
• Prathista Industries Limited
• Ako Kasei Co. Ltd.
• TIB Chemicals AG
• Airedale Chemical Co.Ltd.
• GFS Chemicals Inc.
• Agrico Canada L.P
• Jiaocheng Sanxi Chemical Co. Ltd.
• ProChem Inc.
• Noah Technologies Corporation
• Sterling Chemicals
• ChemSol LLC
• Barium and Chemicals Inc.
• Blue Line Corporation
What Is The Most Dominant Region In The Calcium Nitrate Market?
North America was the largest region in the calcium nitrate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
