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Calcium Nitrate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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    Report

  • 120 Pages
  • April 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 5318669
UP TO OFF until Mar 31st 2024
The calcium nitrate market is projected to register a CAGR of more than 3% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily.

Key Highlights

  • The growing demand for calcium nitrate from fertilizers is expected to drive the market's growth over the forecast period.
  • On the other hand, the increasing use of organic-based fertilizers is expected to hinder the market growth during the forecast period.
  • The increasing need for wastewater treatment facilities is forecasted to offer various opportunities for market growth over the forecast period.
  • The Asia-Pacific region dominated the global market, with the largest consumption from countries such as China, India, and Japan.

Calcium Nitrate Market Trends

Fertilizers Segment to Dominate the Market Growth

  • Calcium nitrate is an inorganic compound produced by treating limestone with nitric acid, then by neutralization with ammonia, and used for various applications such as fertilizers, explosives, concrete, refrigerant, etc.
  • Calcium nitrate manure is a multi-functional compost that can be used in taking care of plants just as treating or preventing disease, especially among fruiting plants. It contains calcium and nitrogen and can treat plants with insufficiencies in these supplements.
  • It includes wider applications in horticulture as it improves fruit quality and is less sensitive to bitter pit and blossom end rot and shelf-life. Additionally, it is also suitable for foliar applications.
  • An exponentially growing population and ever-increasing demand for food necessitate using more fertilizers to increase the yield per hectare, which increases pressure on dwindling farmlands.
  • With the increasing global nitrate production, the consumption of calcium nitrate in fertilizer also increases. According to International Fertilizer Association, Russia produced the largest amount of nitrogen in 2021, and its domestic consumption to 2.5 million tons of nitrogen(AN/CAN).
  • The United States followed Russia with a total domestic nitrogen consumption of 2.6 million tons and an export of 0.2 million tons in 2021. Thus, increasing nitrogen production leads to growth in fertilizer production, supporting the market growth during the forecast period.
  • Hence, owing to the abovementioned factors, the application of calcium nitrate from fertilizers will likely dominate during the forecast period.


Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for calcium nitrate during the forecast period. The rising demand for fertilizers from agriculture and growing application in wastewater treatment facilities in developing countries like China, Japan, and India is expected to drive the demand for calcium nitrate in this region.
  • The largest producers of calcium nitrate are located in the Asia-Pacific region. Some leading companies in the production of calcium nitrate are URALCHEM JSC, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Yara, GFS Chemicals Inc, and Rural Liquid Fertilizers, among others.
  • With rising living standards and the expansion of the middle class, imports of horticultural products in China have also increased significantly in recent years, with Chinese consumers being pickier regarding the quality and variety of products offered.
  • According to the National Bureau of Statistics of China, the production volume of chemical fertilizer (including nitrogen, phosphate, and potash fertilizer) in the country amounted to 55.44 million tons in 2021, representing an increase of 0.9 % compared to 2020.
  • Moreover, according to the Fertiliser Association of India, the production of fertilizer nutrients amounted to 43,743 kilotons for FY 2021-22, representing an increase of more than 5% compared to FY2017-18. Therefore, with the increasing fertilizer production, the consumption of calcium nitrate also increases, thus supporting the market growth significantly.
  • Owing to the abovementioned factors, the Asia-Pacific region's calcium nitrate market is projected to grow significantly during the study period.


Calcium Nitrate Industry Overview

The global calcium nitrate market is partially consolidated in nature. Some of the major players in the market include URALCHEM JSC, Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd., Yara, GFS Chemicals, Inc., and RLF AgTech, among others (in no particular order).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


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Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand of Calcium Nitrate from Fertilizers
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Increasing Use of Organic-Based Fertilizers
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Value)
5.1 Product Type
5.1.1 Liquid
5.1.2 Melt
5.1.3 Crystals
5.2 Application
5.2.1 Fertilizer
5.2.2 Waste Water Treatment
5.2.3 Concrete
5.2.4 Explosives
5.2.5 Refrigerant
5.2.6 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.2.4 Rest of North America
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 GFS Chemicals, Inc.
6.4.2 Noah Technologies Corporation
6.4.3 Prathista Industries Limited
6.4.4 ProChem, Inc
6.4.5 RLF AgTech
6.4.6 Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd.
6.4.7 Shanxi Leixin Chemical Co., Ltd.
6.4.8 Swiss Formulations
6.4.9 URALCHEM JSC
6.4.10 Van Iperen International
6.4.11 WEGO CHEMICAL GROUP
6.4.12 Yara

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Need of Waste Water Treatment Facilities

Companies Mentioned

A selection of companies mentioned in this report includes:

  • GFS Chemicals, Inc.
  • Noah Technologies Corporation
  • Prathista Industries Limited
  • ProChem, Inc
  • RLF AgTech
  • Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd.
  • Shanxi Leixin Chemical Co., Ltd.
  • Swiss Formulations
  • URALCHEM JSC
  • Van Iperen International
  • WEGO CHEMICAL GROUP
  • Yara

Methodology

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