Calcium Nitrate Market Size, Key Market Players, SWOT, Revenue Growth Analysis, 2023–2032

The global calcium nitrate market size is expected to reach USD 8.68 Billion in 2032 and register a steady revenue CAGR of 4.6% over the forecast period, according to the latest report by Reports and Data. Rising global demand for crops and grains and calcium nitrate-based fertilizers is a key factor driving market revenue growth.

Rising demand for food grains worldwide along with ever-increasing population and effects of harsh weather conditions significantly cut crop yields and impose a concerning burden on global food demand. According to World Bank, a report finds that about 720 to 810 million people went hungry in 2020. Hence, controlled environment farming is considered to be a solution that paves the way for greenhouse farming, which mainly focuses on providing favourable growing conditions and helps to protect crops from unfavourable weather conditions and pests. In addition, some greenhouse farming extends growing season and, in the process, helps in control of crop production, leading to faster growth and higher yields. This significantly rises demand for proper fertilizers for efficient growth of plants and fruits, which is driving market revenue growth.

Moreover, efficiency of fertilizer-grade calcium nitrate in providing essential nutrients, such as nitrogen and calcium, for promoting plant growth and improving quality of fruits and their shelf life, increases their application in greenhouse farming. Also, calcium nitrate helps in cell formation and neutralizes acids harming plants. Moreover, nitrogen component helps in protein production for leafy growth and calcium provides deterrence in heat and humid conditions, helps in growth, improves disease resistance, and promotes maturity and quality of vegetables and fruits. For instance, Yara International ASA’s comprehensive range of calcium nitrate fertilizers, YaraLiva provides fast-acting nitrate and strength-building calcium, which helps in growth of plants. YaraLiva calcium nitrate fertilizers help in improving size, strength, and appearance of buds, fruits, and leaves. Furthermore, they help in protecting plants against diseases and environmental stress. Therefore, effectiveness of calcium nitrate-based fertilizers in providing essential nutrients and developing plants leads to a rise in demand for their application and is expected to drive market revenue growth during the forecast period. However, availability of alternative source of fertilizers such as organic fertilizers, which are comparatively cheaper and prolonged exposure to calcium nitrate leading to severe health hazards, are major factors restricting market revenue growth.

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Some key players operating in the global market include GFS Chemicals Inc., Uralchem JSC., Yara, Haifa Negev Technologies Ltd., RLF AgTech, Blue Line Corporation, Sasol, FB Sciences Inc., Nutrien Ltd., ProChem Inc., and others.

Some Key Highlights in the Report

• The agriculture grade segment is expected to account for largest revenue share over the forecast period. This is owing to increasing application of calcium nitrate as a fertilizer ingredient with rise in global demand for food grains by ever-increasing population worldwide. Calcium nitrate, Ca (NO₃)₂, fertilizers provide nitrogen and calcium ingredients for plants and help in leafy growth and proper development of fruits with enhanced shelf-life.
• The nitration segment is expected to account for a larger revenue share over the forecast period. Nitration is the most widely followed process of manufacturing Ca (NO₃), which is manufactured by evaporation and subsequent cooling into crystals and is the most widely used.
• The North America market is expected to register a steadily fast revenue growth rate during the forecast period owing to high demand for food grains from rising population in this region. Furthermore, wide application of calcium nitrate used as an accelerator in manufacturing in the concrete industry, coagulant in manufacturing of latex, and oxidizing agent for manufacturing of explosives, rises demand for calcium nitrate in this region and drives market revenue growth.
• In October 2021, Uralchem OJSC announced the implementation of waste-free production of calcium nitrate manufacturing process by removing impurities from cake during technological cycle at the filtration level with the help of a special filter process and modification of reactor equipment. This is considered to be a big step for calcium nitrate production as it reduces cost of raw materials and improves quality of manufactured fertilizers.

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For this report, Reports and Data have segmented the global calcium nitrate market based on process, product grade, form, application, end-use, and region.

Process Outlook (Revenue, USD Billion; 2019-2032)

• Ammonization
• Nitration

Product Grade Outlook (Revenue, USD Billion; 2019-2032)

• Agricultural Grade
• Industrial Grade
• Food Grade
• Technical Grade

Form Outlook (Revenue, USD Billion; 2019-2032)

• Solid
• Crystalline
• Liquid

Application Outlook (Revenue, USD Billion; 2019-2032)

• Fertilizers
• Wastewater Treatment
• Concrete Admixture
• Explosives
• Others

End Use Outlook (Revenue, USD Billion; 2019-2032)

• Agriculture
• Construction
• Food & Beverage (F&B)
• Explosives
• Others

Regional Outlook (Revenue, USD Billion; 2019-2032)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

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