Press release
By 2024, Calcium Nitrate Market will be driven by increasing demand in Agriculture sectors | UralChem, GFS Chemicals, Haifa Group, Agrium, Yara International
Agriculture grade calcium nitrate will be expanding with substantial gains over the forecast timeframe due to its versatile characteristics such as high solubility and easy availability in the market. It is source of calcium and nitrogen for plants. Calcium is an important component of cell walls and proper supply of calcium is essential to plant development. It helps in protecting plants from stress and diseases along with improving fruit quality & shelf life and strengthening cell wall.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/848
Global Calcium Nitrate Market is forecast to exceed USD 12.6 billion; according to a new research report. Increasing popularity of calcium nitrate-based fertilizers shall propel the global product demand over the forecast period. On account of increasing health awareness and government initiatives, farmers across the globe are shifting towards product-based fertilizers, instead of urea and ammonia-based plant growth stimulators. Fertilizers were the largest application segment in calcium nitrate market in 2017 and shall grow with highest CAGR over the forecast timespan. This can be attributed to the high product usage in the producing fertilizers. The high solubility of the product makes it popular source of nitrate and calcium for the plants.
Calcium Nitrate Market by Application
o Fertilizers
o Wastewater treatment chemicals
o Concrete manufacturing
o Explosives
o Others
Calcium Nitrate Market, Grade by Application
o Agriculture
o Greenhouse
o Fertigation
o Liquid
o Others
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Explosives was the second largest product consumer in 2017 and its usage in explosives is likely to grow with a prominent CAGR during the forecast timespan. Explosives made from calcium nitrate offer good transportation ability, low fumes and enhanced safety in handling.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. GFS Chemicals
2. Haifa Group
3. Agrium
4. Shanxi Jiaocheng Tianlong Chemical Industry Co., Ltd.
5. RURAL LIQUID FERTILISERS PTY LTD
6. Yara International
7. UralChem
8. Sterling Chemicals, India
9. Prathista Industries Limited
10. VARDHAMAN FERTILIZERS AND SEEDS PVT LTD
However, health hazards related to the calcium nitrate are likely to hamper its demand over the forecast period. Its contact can irritate and burn skin and eyes, exposure to it can cause headache, dizziness, nausea and vomiting. These health risk factors are likely to hamper the product demand to some extent during the forecast period.
Explosives application segment held a prominent share in global calcium nitrate market in 2017 and is likely to grow with a healthy CAGR in next few years. Most of the homemade explosives are made by using calcium nitrate. Fertilizers created a major chunk of product demand in 2017 and shall expand with highest growth rate over the forecast timespan. This can be attributed to the increasing product usage as a substitute to the urea and ammonia in fertilizers.
Global calcium nitrate market application insights
5.2. Fertilizers
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast by region, 2014 - 2025
5.3. Wastewater treatment chemicals
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast by region, 2014 - 2025
5.4. Concrete manufacturing
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast by region, 2014 - 2025
5.5. Explosives
5.5.1. Market estimates and forecast, 2014 - 2025
5.5.2. Market estimates and forecast by region, 2014 - 2025
5.6. Others
5.6.1. Market estimates and forecast, 2014 - 2025
5.6.2. Market estimates and forecast by region, 2014 - 2025
Latin America will be the fastest growing region in calcium nitrate market during the forecast period, as agriculture sector in the region is registering a rapid growth in product demand since past few years. North America was the second largest calcium nitrate market share holder in 2017 and forecast to grow with a prominent CAGR. This can be attributed to the large agriculture and wastewater treatment industries in this region. Due to massive wastewater treatment industry in this region along with prevalence of prominent industries, the region will exhibit decent growth in the coming years.
Browse key industry from the report, “Calcium Nitrate Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/Calcium-nitrate-market
Calcium nitrate market is highly diversified as many multinational players and local vendors are functional in the industry. Some prominent players operating in the industry includes Yara International, Swiss Formulations India, GFS Chemicals Inc., Haifa Chemicals Ltd., Agrium Inc., Shanxi Jiaocheng Tianlong Chemical Industry Co., Ltd., Rural Liquid Fertilizers, Uralchem Holding PLC, Sterling Chemicals, Prathista Industries Limited, Vardhaman Fertilizers and Seeds Pvt Ltd. Major players are increasing their production capacity to meet the increasing product demand across the globe. For instance, In January 2015, Yara International started the expansion of its fertilizer complex in Porsgrunn, Norway. This expansion will cost Yara international USD 350 million. In this plant, ammonia, calcium nitrate enriched fertilizers will be produced. This plant expansion shall help the company to meet the increasing demand of calcium nitrate-based fertilizers in the region.
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