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Calcium Ammonium Nitrate Market - Forecast (2022 - 2027)

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  • 150 Pages
  • April 2022
  • Region: Global
  • IndustryARC
  • ID: 5616237
The calcium ammonium nitrate market size is forecast to grow at a CAGR of 4.1% during 2022-2027. Over the forecast era, an increase in demand for Fertilizers is projected to increase the consumption of calcium ammonium nitrate. The growth in the global population and the increase in food demand are the main drivers that are projected to drive calcium ammonium nitrate demand over the forecast period. Currently, the global market for calcium ammonium nitrate is witnessing vibrant growth due to the growing market demand for active and mature fertilizers.

Report Coverage

The “Calcium Ammonium Nitrate Market report - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the Calcium Ammonium Nitrate Industry.
  • By Application: Agriculture and Horticulture.
  • By Method of Application: Drill, Broadcast, and Fertigation.
  • By Geography: North America, South America, Europe, APAC and RoW.

Key Takeaways

  • Due to the increasing application of calcium ammonium nitrate in the chemical manufacturing industries, Europe is expected to drive demand and have a positive impact on the growth of the calcium ammonium nitrate market during the forecast period. However, in countries such as Russia, Spain and others, poor economic conditions are projected to display a more moderate rise in the calcium ammonium nitrate demand across the region over the forecast period.
  • In recent years, advances in the agricultural industry and growing technological exploration are projected to drive the market for calcium ammonium nitrate, in addition to the wide range of functions of calcium ammonium nitrate, in an immense range of products during the forecast period, such as fertilizers, explosives, instant cold packs, and more.
  • The rising global population is expected to have a positive impact on the growth of the market for calcium nitrate due to rising trends in the implementation of eco-friendly fertilizer methods and rising worldwide food demand. According to one of the most recent studies released by the United Nations Food and Agriculture Organization (FAO), more than 15 percent of farmland production should be increased in the coming years to sustain world food use.
  • Demand across the organic chemicals sector is experiencing a slump in growth, although the demand for certain chemicals that find end-use applications is increasing. In addition, China, the world's leading supplier of chemicals, recorded a significant decline in production in the first quarter of 2022, following the trajectory of COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing supply agreements to be renegotiated by producers and customers alike.

Calcium Ammonium Nitrate Market Segment Analysis - By Application

The agriculture segment has been the major market for Calcium Ammonium Nitrate in 2019 by growing at a CAGR of 5.2%. During the forecast period, agriculture is expected to account for a significant share of the market. The rise in rice, wheat, maize, and legumes, vegetables and fruit production is likely to fuel the market for calcium ammonium nitrate in the near future. Cereals & grains, oilseed & pulses, fruits & vegetables, and turf & ornamentals are sub-segmented in the agriculture segment. During the forecast period, the cereals & grains segment is expected to continue to dominate the market.

Calcium Ammonium Nitrate Market Segment Analysis - By Method of Application

The Fertigation segment has been the major market for Calcium Ammonium Nitrate in 2019. For fertigation, calcium ammonium nitrate is ideal and can be used at any time of the year. It is chemically neutral and can neutralize soil acidity, making it appropriate for any soil type. This product is also very cost-effective and economical and offers the benefits of both calcium and nitrogen. The major drivers for this market have been these factors. Urea is a restraining factor for this industry. Urea is less expensive to produce than calcium ammonium nitrate and has a higher nitrogen content.

Calcium Ammonium Nitrate Market Segment Analysis - Geography

APAC dominated the Calcium Ammonium Nitrate Market share with more than 42.9%, followed by North America and Europe. As a precursor to soil fertility enhancer in the agricultural industry, due to increasing calcium ammonium nitrate use, Asia Pacific is panned to observe substantial growth in the market for calcium ammonium nitrate. The Asia Pacific is emerging as a regional market for the consumption of calcium ammonium nitrate due to the multiplication of calcium ammonium nitrate applications in growing end-use industries such as agricultural, pharmaceutical, agrochemical, industrial and water treatment. Due to increasing calcium ammonium nitrate requirements in the agrochemical and water treatment industries, Asia Pacific is attributed to being followed by North America in terms of consumption.

Calcium Ammonium Nitrate Market Drivers

Rising demand for Calcium Ammonium Nitrate and its by-products

Increasing demand for calcium ammonium nitrate and its by-products for different processes in the pharmaceutical, agrochemical and explosive industries is expected to rapidly drive the market over the forecast period. Over the forecast period, the numerous uses of calcium ammonium nitrate in enhancing soil fertility and increasing production capacity through the use of CAN in the form of fertilizer, as well as the use of CAN as a low-scale explosive in underdeveloped countries such as Afghanistan, Pakistan, and more are expected to propel the market for calcium ammonium nitrate. Rapid economic development with a thriving agricultural sector is expected to boost the calcium ammonium nitrate market in the developing regions.

Calcium Ammonium Nitrate Market Challenges

Increasing demand for organic fertilizer

However, it is estimated that the development of contact dermatitis among farmers using CAN fertilizers, as well as the increasing demand for organic fertilizers, will serve as key constraints in the growth of the market for calcium ammonium nitrate due to increasing environmental awareness. In addition, the prohibition of CAN fertilizers due to their illegal use as homemade explosives is expected to further impede market growth over the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Calcium Ammonium Nitrate Market. In 2019, the market of calcium ammonium nitrate has been consolidated by the top five players accounting for xx% of the share. Major players in the Calcium Ammonium Nitrate Market are Yara International ASA, Eurochem Agro, Helm AG, Pakarab Fertilizers Ltd, Origin Fertilizes Ltd, Barium and Chemicals Inc., San Corporation, Agrico Canada L.P., Fertin Agro India Pvt. Ltd, and Achema AB, and among others.

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Table of Contents

1. Calcium Ammonium Nitrate Market - Market Overview
1.1 Definitions and Scope
2. Calcium Ammonium Nitrate Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Application
2.3 Key Trends by Method of Application
2.4 Key Trends by Geography
3. Calcium Ammonium Nitrate Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis - Top Companies
3.1.2 Product Benchmarking - Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Calcium Ammonium Nitrate Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters five force model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of customers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Calcium Ammonium Nitrate Market-Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Calcium Ammonium Nitrate Market- By Application (Market Size - $Million)
6.1 Agriculture
6.2 Horticulture
7. Calcium Ammonium Nitrate Market- By Method of Application (Market Size - $Million)
7.1 Drill
7.2 Broadcast
7.3 Fertigation
8. Calcium Ammonium Nitrate Market- By Geography (Market Size - $Million)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Colombia
8.2.4 Chile
8.2.5 Rest OF South America
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Netherlands
8.3.7 Russia
8.3.8 Belgium
8.3.9 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 ANZ
8.4.4 Japan
8.4.5 South Korea
8.4.6 Rest of Asia Pacific
8.5 ROW
8.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
8.5.2 Africa South Africa Nigeria Rest of South Africa
9. Calcium Ammonium Nitrate Market- Entropy
9.1 New Product Launches
9.2 M&A’s, Collaborations, JVs and Partnerships
10. Calcium Ammonium Nitrate Market - Company Analysis
10.1 Market Share, Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10 and more