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Calcium Nitrate - Global Market Trajectory & Analytics

  • ID: 4911783
  • Report
  • June 2021
  • Region: Global
  • 238 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ADOB
  • GFS Chemicals, Inc.
  • Haifa Group
  • Nutrien Ltd.
  • San Corporation
  • Sasol Ltd.

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 referred to as Norwegian saltpeter, Calcium Nitrate is industrially produced 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 through a process involving the absorption of nitrogen oxide by limewater (milk of lime). Calcium Nitrate is used extensively in agricultural fertilizers. Containing 23.7% water-soluble calcium (CaO) and 11.8% nitrogen nitrate, calcium nitrate aids in quicker absorption of nutrients, improves the disease resistance, and promotes early maturity and quality of vegetables and fruits. Calcium nitrate fertilizer, providing the only water soluble source of calcium available for plants, facilitates sufficient supply of nitrogen and calcium nutrients to plants, while ensuring efficient control of diseases, pests, and healthy bearing.

Amid the COVID-19 crisis, the global market for Calcium Nitrate estimated at US$10.4 Billion in the year 2020, is projected 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 projected to grow at a 5% CAGR to reach US$6.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wastewater Treatment segment is readjusted to a revised 4.5% CAGR for the next 7-year period. This segment currently accounts for a 22.9% share of the global Calcium Nitrate market.

The U.S. Market is Estimated at $2.2 Billion in 2021, China is Forecast to Reach $2.9 Billion by 2026


The Calcium Nitrate market in the U.S. is estimated at US$2.2 Billion in the year 2021. The country currently accounts for a 20.82% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.9 Billion in the year 2026 trailing a CAGR of 5.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR while Rest of European market (as defined in the study) will reach US$3.1 Billion by the close of the analysis period.

Factors such as growing consumption of agricultural commodities, rising threat of plant diseases, and concerns over shrinking arable land and associated yield losses fueled widespread demand for chemical fertilizers, thereby accelerating the sales of agricultural grade calcium nitrate. Proven efficacy of calcium nitrate in providing key nutrients, nitrogen and calcium, needed for development and growth of plants in the form of base fertilizer, topdressing fertilizer, foliar fertilizer, and regenerative fertilizer have widened the overall market for calcium nitrate. Similarly, the massive expansion in wastewater treatment programs worldwide has created substantial opportunities for calcium nitrate market. Against the backdrop of large-scale pollution of natural water resources due to industrial wastes, urban sewage and other pollutants, and growing concerns over scarcity of safe drinking water, investments on wastewater treatment grew robustly in several parts of the world. The scenario produced high-quality opportunities to Calcium Nitrate, a best-in-class deodoring agent in wastewater treatment processes. Likewise, the progressive expansion in concrete manufacturing on the back of healthy tide in construction and infrastructure sectors, aided substantial growth in the Calcium Nitrate market. Calcium Nitrate, which was originally utilized as a setting accelerator in concrete making, expanded its role over the last two decades to offer a reliable antifreeze admixture, long-term strength enhancing agent, and plasticizer in concrete manufacturing.

Explosives Segment to Reach $1.6 Billion by 2026


Explosives is another major application area, where the use of Calcium Nitrate grew noticeably over the years. Offering a better alternative to Ammonium Nitrate, the most established feedstock materials for making explosives, Calcium Nitrate expanded its use case in explosives intended for various purposes including mining, quarrying, and construction, besides military expendable weapons. In the global Explosives segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$884.8 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$280.1 Million by the year 2026, while Latin America will expand at a 4.4% CAGR through the analysis period.

Select Competitors (Total 88 Featured) -

  • ADOB
  • GFS Chemicals, Inc.
  • Haifa Group
  • Nutrien Ltd.
  • Rural Liquid Fertilisers Pty Ltd.
  • San Corporation
  • Sasol Ltd.
  • SQM S.A.
  • Sterling Chemicals
  • URALCHEM JSC
  • Wentong Potassium Salt Group Co., Ltd.
  • Yara International ASA
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ADOB
  • GFS Chemicals, Inc.
  • Haifa Group
  • Nutrien Ltd.
  • San Corporation
  • Sasol Ltd.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • The Pandemic Slows Down Demand for Agricultural Products and Fertilizers
  • Exhibit 2: COVID-19 Related Issues Impacting Agriculture Industry
  • An Introduction to Calcium Nitrate
  • Production Process
  • Key Application Areas
  • Market Expansion Over the Years
  • Current Market Scenario and Outlook
  • Increasing Use of Calcium Nitrate in Wastewater Treatment: A Key Growth Driver
  • Exhibit 3: World Calcium Nitrate Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Fertilizers, Wastewater Treatment, Explosives, Concrete Manufacturing, and Other Applications
  • While China & Asia-Pacific Evolve as Primary Consumers, Developed Regions Continue to Generate Opportunities
  • Exhibit 4: World Calcium Nitrate Market by Region (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 5: World Calcium Nitrate Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Fertilizers: Primary End-Use Sector
  • Select Popular Calcium Nitrate Fertilizer Products
  • Calcium Nitrate Supports Nutrients Uptake in Plants & Yield Goals of Farmers
  • Method of Applying Calcium Nitrate Fertilizer to Garden Plants
  • Calcium Nitrate Proves Beneficial for Coffee Plantations
  • Calcium Nitrate Ideal for Fertigated Crops
  • COVID-19 Pandemic Adversely Impacts the Agriculture Industry
  • Dynamics in the World Agriculture Sector to Favor Growth in Calcium Nitrate Fertilizers Market
  • Rising Demand for Agricultural Commodities to Meet the Needs of Expanding Global Population
  • Exhibit 6: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, and 2050
  • Exhibit 7: Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Cereals and Sugar in Select Regions for the Period 2008-2017 and 2018-2027
  • Shrinking Arable Land & Declining Agricultural Yields
  • Exhibit 8: Loss of Arable Land & Decline in Yields Doubles Up the Pressure to Strengthen Nutrient Supply for Crop Plants: Global Availability of Arable Land in Hectares Per Person & as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
  • Rapidly Evolving Threat of Plant Diseases and Concerns over Associated Yield Losses
  • Exhibit 9: Comparison of Yields With and Without Crop Protection
  • Widespread Opportunities in Wastewater Treatment Accelerate Market Expansion
  • Calcium Nitrate Enhances BOD in Biological Treatment of Wastewater
  • Progressive Tide in Wastewater Treatment Industry Bodes Well
  • Deteriorating Water Quality and Widening Gap between Safe & Reliable Water Supply Intensify the Need for Wastewater Treatment
  • Continued Competition from Alternative Wastewater Treatment Strategies
  • Key Statistical Data:
  • Exhibit 10: World Water and Wastewater Treatment Chemicals Market Revenues (in US$ Million) for the Years 2017, 2019 and 2021E
  • Exhibit 11: World Water and Wastewater Treatment Chemicals Market Revenues (in %) by Chemical Type for the Year 2021E
  • Exhibit 12: World Water and Wastewater Treatment Chemicals Market Revenues (in %) by Region for the Year 2021E
  • Established Image as a Multifunctional Concrete Admixture Augurs Well
  • Calcium Nitrate Admixtures Curb CO2 Emissions in Cement Manufacturing
  • Slowdown in Construction Sector Projects Impacts Demand
  • Exhibit 13: World Construction Industry Size (in US$ Trillion) for the Years 2010, 2015, 2020 and 2025
  • Exhibit 14: Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Exhibit 15: Global Infrastructure Spending Estimates (as a Percentage of GDP) by Sector for 2007-2016 and 2017-2040
  • Exhibit 16: Global Infrastructure Spending Estimates (as a Percentage of GDP) by Region for 2007-2016 and 2017-2040
  • Explosives: A Niche End-Use Sector
  • Uptrend in World Explosives Industry to Improve Market Prospects
  • Exhibit 17: World Explosives Market (in Thousand Metric Tons) for Years 2017, 2019 & 2021E
  • Exhibit 18: World Explosives Market by Region (2021E): Percentage Breakdown of Volume Consumption for USA, Canada, Japan, China, Europe, Asia-Pacific, Middle East & Africa, and Latin America
  • Calcium Nitrate Gains Traction in Latex Coagulation Applications
  • Exhibit 19: Rubber Gloves Sales Worldwide (in Billion Pieces) for the Years 2017, 2019 and 2021E
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

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

IV. COMPETITION
  • Total Companies Profiled: 88
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ADOB
  • GFS Chemicals, Inc.
  • Haifa Group
  • Nutrien Ltd.
  • Rural Liquid Fertilisers Pty Ltd.
  • San Corporation
  • Sasol Ltd.
  • SQM S.A.
  • Sterling Chemicals
  • URALCHEM JSC
  • Wentong Potassium Salt Group Co., Ltd.
  • Yara International ASA
Note: Product cover images may vary from those shown
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