Calcium Nitrate Market - 2023-2030

Overview

Global Calcium Nitrate Market reached US$ 7.12 billion in 2022 and is expected to reach US$ 11.52 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.

The global calcium nitrate market has witnessed significant growth and transformations over the years, calcium nitrate is highly being adopted for both agriculture and industrial purposes. In agriculture, it helps in enhancing the growth and development of plants by providing a sufficient amount of calcium and nitrogen to plants. It is also used for wastewater treatments and concrete additives. Such factors help in driving the global calcium nitrate market.

Furthermore, governments of many countries are launching initiatives in order to increase the market. For instance, in October 2020, Gujrat State Fertilizers and Chemical launched an indigenous variety of calcium nitrate & boronated calcium nitrate. GFSC launched these two products in the retail market for the first time from Solan in Himachal Pradesh and Bhavnagar in Gujarat. Currently total production capacity of GSFC for these two products is 10,000MT per year. Within three months, production is expected to increase to 15000 MT per year. Such initiatives help in increasing the market.

Calcium nitrate fertilizers account for over half of the market share. Similarly, the Asia-Pacific dominates the Calcium Nitrate market, capturing the largest market share of over 1/3rd. The government has started many projects to increase the adoption rate. Australia is the largest consumer as it has 427 million agricultural land which helps in incresing the usage of calcium nitrate as fertilizers.

Dynamics

Increase in Demand for Water-Soluble Fertilizers

The farmers are willing to adopt water-soluble fertilizers such as calcium nitrate as they dissolve quickly in water and provide nutrients directly to plant roots. This results in more efficient nutrient uptake by plants, promoting healthier growth and potentially higher yields. Such factors help in increasing the adoption rate.

Furthermore, as the demand for water-soluble calcium nitrate fertilizers is increasing, many manufacturing companies are setting up new units to meet the increasing demands. For instance, in August 2022, Acron Group launched a 100,000-tpa unit to produce granulated calcium nitrate at its facility in Veliky Novgorod. The Group invested approximately RUB1.5 billion in this project. Such projects can help in increasing the market size.

Increase in Demand for Waste-Water Treatments

The demand for the usage of calcium nitrate for wastewater treatments is increasing as its removal heavy metals by forming insoluble metal precipitates that can be easily separated from water, it also can help in odor control, enhancing the efficiency of biological degradation in wastewater treatments, such factors helps in increasing the usage of calcium nitrates.

Furthermore, many manufacturing companies are working together to produce innovative high-quality products. For instance, Xylem and Ecoqua company together produced Evoqua's Bioxide calcium nitrate solution. This eliminates the odor, corrosion, and safety problems associated with hydrogen sulfide by achieving sewage odor control naturally. This unique, proven product also treats other common sewage odors, including odorous sulfur compounds such as mercaptans and organic sulfides. Such products help in increasing the adoption rate.

Raising Demand for Organic Farming

The demand for organic farming is increasing as consumers are gaining more knowledge about the adverse health effects caused by synthetic fertilizers. Also, farmers are using traditional or organic fertilizers as they provide convenience and easy availability. Organic farming also reduces the synthetic chemical residues in the crops. Hence, rising demand for organic farming practices can significantly decline the market for calcium nitrate.

Furthermore, consumers are willing to buy organic products which can lead to a decrease in the adoption of calcium nitrate in the agriculture sector. For instance, according to the USDA report of 2023, the Department of Agriculture's National Agricultural Statistics Service, and the organic survey of 2021, the total sales of organic products is US$ 11.2 billion which has increased by US$1.28 billion from 2019. There were 17,445 certified organic farms, a 5% increase from 2019.Hence, it can cause declination in calcium nitrate market growth.

Segment Analysis

The global calcium nitrate market is segmented based on type, process, form, distribution channel, application and region.

Increase in Demand for Effective Fertilizers

The fertilizer segment holds the maximum share of the global calcium nitrate market. The farmers are adopting calcium nitrate fertilizers as they provide a sufficient amount of calcium and nitrogen which helps in preventing deficiencies or crop-related disorders, enhances cell wall development, and also helps in improving the texture and appearance of fruits. This fertilizer improves the crop yield and growth rates, hence, it leads to an increase in the calcium nitrate market.

Furthermore, many manufacturing companies are launching high-quality products in order to expand their portfolio and increase their consumer base. For instance, in April 2021, FBScience launched 3 new calcium nitrates fertilizers, which are Copcan soil CN compatible, Photocan soil cn compatible, and Flexcan soil cn compatible. Such products can help in increasing the market growth.

Geographical Penetration

Vast Agricultural Land and Government Projects

Asia-Pacific has been a dominant force in the global Calcium Nitrate market and its significance has only grown in the post-2020 era. The farmers in this region are highly adopting calcium nitrate fertilizers as they enhance cell wall development, improve the appearance and quality of fruits, and enhance plant growth. It also helps in maintaining the soil pH levels, such factors can lead to an increase in adoption rate in this region.

Furthermore, the presence of vast agricultural land helps in increasing the usage of calcium nitrate as fertilizers as it helps in increasing quality and productivity. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, Australia contains 55% of agricultural land which is 427 million hectares of volume. Hence, it can lead to an increase in the usage of calcium nitrate in this region.

Additionally, calcium nitrate is also highly used for wastewater treatments, The government in this region is taking initiatives that help in increasing the usage of calcium nitrate. For instance, the government of India in 2023, laid the foundation stone of seven sewage treatment plants, which will be built at a cost of around Rs 17,200 crores. These sewage treatment plants will be set up in Malad, Bhandup, Versova, Ghatkopar, Bandra, Dharavi and Worli. They will have a combined capacity of around 2,460 MLD. Such projects can help in increasing the usage of calcium nitrate.

Competitive Landscape

The major global players in the market include URALCHEM JSC, Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd., Yara, GFS Chemicals, Inc., RLF AgTech, Airedale Chemical, Haifa Chemicals Ltd., Prathista Industries Limited, Swiss Formulations India and Nutrien Ltd.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain of raw materials, and also due to government lockdown restrictions many manufacturing companies are shut down this has led to a decrease in the availability of products in the market and decreased the adoption rate. The pandemic has shown a negative impact on the global calcium nitrate market.

Furthermore, during the pandemic because of government lockdown restrictions consumers are stuck in their homes, this led to a decrease in environmental pollution such as water pollution, so the wastewater treatments are also reduced which led to a decrease in the usage of calcium nitrates. This led to a decrease in the market for global calcium nitrate.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine has brought a disruption to the country's economy. People have started investing in essential goods due to less economy, and manufacturers have started adopting other alternatives for wastewater treatments due to its less availability, this has led to a negative impact on the global calcium nitrate market.

Furthermore, many manufacturing companies are shut down due to low economy, and lower import and export rates. According to data from the industry association Fertilizers Europe, Russia, and Belarus provide as much as 60% of the EU's fertilizer supply. Due to this, the availability of fertilizers in the market is limited which has led to a negative impact on global calcium nitrate.

By Type

• Industrial Grade
• Agricultural Grade

By Process

• Limestone
• Phosphate Rock
• Ammonium Nitrate
• Others

By Form

• Liquid
• Crystals
• Granules
• Others

By Distribution Channel

• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Application

• Fertilizers
• Wastewater Treatment
• Explosives
• Mortars
• Concrete Manufacturing
• Refrigerant
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In April 2022 Casale announced the acquisition of Green Granulation, which designs and manufactures urea and Ammonium Nitrate (AN) / Calcium Ammonium Nitrate (CAN) granulation systems. This strategic acquisition will strengthen Casale's position in the market.
• In May 2023, Tecnicas Reunidas signed a contract with the green fertilizer company, Atlas Agro, for the development of a zero-carbon fertilizer plant, Pacific Green Fertilizer (PGF), in Richland, Washington, US. It has the Tecnicas Reunidas has signed a contract with the green fertilizer company, Atlas Agro, for the development of a zero-carbon fertilizer plant, Pacific Green Fertilizer (PGF), in Richland, Washington, US.
• In February 2022, Netafim Ltd provided a Netafim USA, a subsidiary launched its new AlphaDiscTM filter a new filter designed to protect irrigation systems from clogging caused by organic contaminants

Why Purchase the Report?

• To visualize the global Calcium Nitrate market segmentation based on type, process, form distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of calcium nitrate market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global Calcium Nitrate market report would provide approximately 75 tables, 80 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies