Calcium Nitrate Market to grow at a 5.3% by 2024 | By key players Swiss Formulations India, GFS Chemicals Inc., Haifa Chemicals Ltd., Agrium Inc

Increase in the global population has stimulated a massive demand for food which shall drive calcium nitrate market trends in the forthcoming years. This will result from a rise in demand for fertilizers that help increase the crop yield. Calcium nitrate is widely used in fertilizers for crops like corn, soybeans and wheat.

The total production of wheat had reached 680 million tons in the year 2008 and had increased to nearly 720 million tons in 2015. It is expected of the farmers to raise their yield of crops by over 15% over the next few years to be able to meet the demand for food grain. This will create major opportunities for the consumption of fertilizers. Global calcium nitrate industry size is expected to surpass USD 12.6 billion by the year 2024.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/848

Calcium nitrate is extensively used to control all the suspended solid residue while preventing the spread of harmful viruses, protozoa and bacteria within the wastewater treatment industry. This has created notable prospects for the demand of the product. Growing industrialization over the decades has decreased clean water resources.

Surging industrial development has led to an increase in wastewater disposal in countries such as India, Brazil, Mexico and China. With the stringent government regulations for wastewater disposal and the numerous health hazards linked to polluted water, there will be a positive influence on the calcium nitrate market by 2024.

Nitrogen is considered as a prime constituent of calcium nitrate fertilizers for plants that aids the plants in absorbing important nutrients from soil. Additionally, the product also helps in increasing and improving the ability of plants for flower retention. Calcium nitrate industry share from fertilizers segment will be experiencing gains at more than 4.5% up to 2024.

Calcium nitrate is used to improve the characteristics of concrete and is especially used in the construction activities wherein a concrete setting is immediately required. Calcium nitrate market size primarily from concrete manufacturing was valued at around USD 900 million in terms of revenues in 2015.

The product is also largely used within explosives applications, influencing a spurt in the calcium nitrate market trends in various regions. North America, especially the U.S., had accounted for more than USD 1.5 billion of total market share in 2015. The industry has been highly fragmented with various industry players involved in the production and distribution. Companies such as Agrium, Rural Liquid Fertilizers, Uralchem Holding, Yara International ASA, Shanxi Jiaocheng Tianlong Chemical Industry, Haifa and Sterling Chemicals have struck strategic deals to enhance their production capacity.

Asia Pacific calcium nitrate market, with countries like India, Indonesia and China in lead, had dominated the entire industry share owing to the robust industrialization as well as rising construction activities in the region. Growing population and urbanization in Asia Pacific has prompted the demand for both food and houses. This has triggered the growth of the infrastructure sector that will entail varied applications of calcium nitrate in the process.

Related News:

https://www.marketwatch.com/press-release/liquid-pouch-packaging-market-will-be-observing-an-extensive-growth-from-packaging-sector-2020-05-28

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.