Calcium Nitrate Market Size, Share, Growth and Forecast 2032

Calcium Nitrate Market Insights

According to Zion Market Research, the global Calcium Nitrate Market was worth USD 12.94 Billion in 2023. The market is forecast to reach USD 16.88 Billion by 2032, growing at a compound annual growth rate (CAGR) of 3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Calcium Nitrate Market industry over the next decade.

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Calcium Nitrate Market: Overview     

Calcium nitrate is an organic compound made by treating limestone with nitric acid by neutralizing with ammonia. It is made using the Bir Keyland-Eyde process. Due to its superior properties such as accelerating agent, pre-conditioning property, and coagulant property, it finds an array of applications such as Wastewater Treatment Chemicals, Fertilizers, Concrete Manufacturing, Explosives, among others.

The calcium nitrate market is majorly boosted by increasing requirement for grain crops paired with sturdy demand for wastewater treatment in up-and-coming nations. As per the UNEP (United Nations Environment Program), almost 200,000 individuals are included to the world food demand daily.

On the other hand, calcium nitrate may pose some issues due to its hygroscopic nature. Hence, its high hygroscopic nature paired with rising awareness of health regarding its hazardous characteristics are some of the factors limiting the growth of the calcium nitrate market. Nevertheless, calcium nitrate has been employed for last couple of years in solar power tower as molten salt, thereby driving the calcium nitrate market. Increasing CSP market is expected to act as the catalyst for calcium nitrate market in the years to come.

In addition, various mergers and acquisition by major players will also have a towering impact on the calcium nitrate market in the years to come. For example, in February 2018 Anhydrous Citrates Plant GBi’s expansion startup declares that it has stopped to be a public firm and turned into a privately held arm of the Delek Group.

Calcium Nitrate Market: Growth Factors

The rapid growth of the waste and wastewater treatment chemical sector is likely to augment the growth of the calcium nitrate market. Calcium nitrate is used to suppress the formation of odor waste water or sewage water treatment. Moreover, it majorly used in fertilizer industry as it enhances the uptake of magnesium, potassium, and calcium from the soil and increase the yield and its quality. This increased in demand in fertilizers industry is likely to spur the growth of calcium nitrate market.

However, the hygroscopic nature of the products is likely to limit the growth of market over the forecast period. The technological advancement in the products manufacturing is expected to sight critical growth opportunity during the forecast period.

Application Segment Analysis Preview  

Fertilizer industry has the largest market share in the calcium nitrate market and is expected to remain dominant throughout the forecast period. This is attributed to the wide usage of calcium nitrate as ingredients in fertilizers. It increases the yield and quality of the soil, and protects subsoil water against pollution with nitrogen compounds, and hence this adoption is likely to grow at an exceptional rate in the coming years.

Calcium Nitrate Market: Report Scope

Calcium Nitrate Market: Regional Landscape

The calcium nitrate market was dominated by Asia Pacific with the largest share of the total market in 2023. The dominance of Asia-Pacific is expected to be maintained in the years to come on account of rising demand for food crops in emerging economies especially in China and India, which is anticipated to boost consumption of calcium nitrate-based fertilizers. North America held 18.5% of the market share in 2019, followed by Europe in terms of volume. This growth is mainly due to increase population coupled with the increase in per capita consumption.

Key Market Players & Competitive Landscape

Major market players of calcium nitrate market comprise

• Wentong Group
• ADOB Chemical
• URALCHEM
• The Chemical Company
• GFS Chemicals, Inc
• Airedale Chemical
• Agrium
• Shanxi Jiaocheng Tianlong Chemical Industry Co., Ltd
• Haifa Chemicals Ltd
• Yara International ASA
• Sterling Chemicals

Calcium Nitrate Market: Competitive Analysis

The global Calcium Nitrate market is dominated by players like:

• Wentong Group
• ADOB Chemical
• URALCHEM
• The Chemical Company
• GFS Chemicals, Inc
• Airedale Chemical
• Agrium
• Shanxi Jiaocheng Tianlong Chemical Industry Co Ltd
• Haifa Chemicals Ltd
• Yara International ASA
• Sterling Chemicals

The global Calcium Nitrate Market is segmented as follows:

By Application

• Wastewater Treatment Chemicals
• Fertilizers
• Concrete Manufacturing
• Explosives
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa