India Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Country Analysis by Application

The India calcium nitrate market was valued at US$ 36,386.16 thousand in 2020 and is projected to reach US$ 54,050.11 thousand by 2028; it is expected to grow at a CAGR of 5.2% from 2020 to 2028.

Calcium nitrate fertilizers contain calcium and nitrogen. These two are essential nutritious elements that plants need. The role of calcium nitrate is to increase the absorption of potassium, magnesium, and calcium from the soil while also increasing product quality. It also increases tolerance to diseases and storage life.

Based on application, the India calcium nitrate market is segmented into fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. The fertilizers segment held the largest share of the market in 2020. 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. A few crops, especially fruiting ones such as such as tomatoes, may suffer from calcium deficiency due to heat and moisture stress; calcium nitrate is applied to such crops for nourishment, as well as disease prevention and treatment.

The COVID-19 pandemic is adversely affecting industries in various cities due to lockdowns, travel bans, and business shutdowns. Chemicals & materials is one of the main industries suffering severe disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns . The shutdown of various plants and factories in leading cities such as Mumbai, Delhi, and Bengaluru is hindering the manufacturing activities, delivery schedules, and goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the emergence of new variant of novel coronavirus that causes COVID-19 has compelled several cities and states to impose strict restrictions on social activities, which is adversely affecting business collaborations and partnerships. These factors are disrupting the chemical & materials industry, and restraining the growth of various markets related to this industry. Amid pandemic, the factors such as shortfall in production activities and limitations on transportation services are impacting the growth of the India calcium nitrate market.

Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) (Mahadhan), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Yara, Anmol Chemicals Group, Gujarat State Fertilizers And Chemicals Limited (GSFC), Arkon Industries, Arihant Chemical Industries, Sterling Chemicals, Fertinagro India Private Limited, and B Joshi Agrochem Pharma are among the major players operating in the India calcium nitrate market.

The overall India calcium nitrate market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the India calcium nitrate market.

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