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Top Factor Driving Calcium Ammonium Nitrate Market Growth in 2025: Growing Agricultural Sector Drives Calcium Ammonium Nitrate Market Expansion
Calcium Ammonium Nitrate Market Report
In recent times, the calcium ammonium nitrate market has demonstrated solid growth. The market, which was valued at $3.15 billion in 2024, is projected to rise to $3.35 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.4%. Factors like increased demand from the agriculture industry, the surge in food necessity, growth in government subsidies and backing, coupled with rising concern for environmental sustainability have all contributed to this historical growth phase.
The market for calcium ammonium nitrate is poised for substantial expansion over the next few years, with projections indicating a rise to $4.24 billion by 2029 at a compounded annual growth rate (CAGR) of 6.1%. The anticipated growth in this timeframe hinges on various factors including the enlargement of agricultural exports, the escalating issue of climate change, an intensified focus on environmentally-friendly farming approaches, and a surge in the use of medical cold packs. Significant trends during this forecast period involve technology integration, implementation of bespoke fertilizer solutions, progression in farming methodologies, enhancements in fertilizer formulations, and improvements in supply chain logistics.
What Factors Are Fueling Growth in the Calcium Ammonium Nitrate Market?
The expanding agricultural industry is anticipated to drive the expansion of the calcium ammonium nitrate market. Such growth in agriculture is largely due to substantial investment in agricultural infrastructure, which enhances productivity and facilitates market accessibility, curbs post-harvest wastage, and enables farmers to effectively satisfy the escalating global need for food. The supplement of calcium ammonium nitrate benefits the agricultural sector by providing an immediate source of nitrogen and calcium which fosters plant growth, refines soil composition, and elevates crop yield. For example, the UK's Department for Environment, Food, and Rural Affairs reported in July 2023 that agricultural productivity in the UK has increased by 3.4% between 2021 and 2022. Furthermore, in 2022, the total output of crops saw a rise of 1.7%, showing considerable increases in oilseed rape and barley by 39% and 12% respectively. Thus, the burgeoning agricultural industry is fueling the calcium ammonium nitrate market's growth.
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Who Are the Dominant Companies Influencing Calcium Ammonium Nitrate Market Trends?
Major companies operating in the calcium ammonium nitrate market are Koch Industries Inc., BASF SE, Nutrien Ltd., Sinochem, Yara International ASA, Sumitomo Chemical Co. Ltd., Mosaic Company, ICL Group Ltd., Yunnan Yuntianhua Co. Ltd., EuroChem Group AG, K+S AG, Hubei Xingfa Chemicals Group Co. Ltd., Coromandel International Limited, Borealis AG, Acron Group, China BlueChemical Ltd., Saudi Arabian Fertilizer Company, Gujarat State Fertilizers & Chemicals Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Uralchem Group, Qatar Fertiliser Company, Indian Farmers Fertiliser Cooperative Limited, Achema AB, Wentong Potassium Salt Group Co. Ltd.
How Is the Calcium Ammonium Nitrate Market Evolving?
Leading businesses in the calcium ammonium nitrate market are prioritizing the creation of innovative items such as nitrogen-inclusive fertilizers aiming to lower environmental harm, enhance nutrient delivery, and boost crop productivity in line with growing sustainability requirements. Nitrogen-fortified fertilizers, including ammonium nitrate, urea, and calcium ammonium nitrate (CAN), are vital in augmenting plant growth and yields, however, their environmental effect has prompted the creation of more eco-friendly, low carbon alternatives. For instance, Argus Media, a media organization based in the UK, unveiled the first assessments of low and zero-carbon nitrogen fertilizers in March 2024. The evaluations for low and zero-carbon calcium ammonium nitrate (CAN) fertilizers take into account production costs using blue or green ammonia. The goal of these evaluations is to shed light on the environmental consequences and costs linked with producing CAN with fewer carbon emissions. It offers worldwide assessments of energy and commodity prices across areas such as energy, agriculture, chemicals, and fertilizers.
What Are the Different Segmentations in the Calcium Ammonium Nitrate Market?
The calcium ammonium nitrate market covered in this report is segmented -
1) By Type: Nitrogen Content 27%, Nitrogen Content 15.5%, Other Types
2) By Grade: Standard Grade Calcium Ammonium Nitrate, Granular Or Pelletized Calcium Ammonium Nitrate
3) By Form: Liquid, Solid
4) By Application: Inorganic Fertilizer, Concrete, Explosives, Ice Packs, Clear-Water Drilling, Additive, Other Applications
5) By End-Use Industry: Agriculture, Nurseries And Greenhouses, Turf Management And Landscaping
Subsegments
1) By Nitrogen Content 27%: Standard Calcium Ammonium Nitrate (27% Nitrogen), Granular 27% Nitrogen Can
2) By Nitrogen Content 15.5%: Low Nitrogen Content Calcium Ammonium Nitrate (15.5%), Granular 15.5% Nitrogen Can
3) By Other Types: High Nitrogen Content Can, Customized Nitrogen Content Can
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Which Region Is at the Forefront of the Calcium Ammonium Nitrate Market?
Asia-Pacific was the largest region in the calcium ammonium nitrate market in 2024. The regions covered in the calcium ammonium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Calcium Ammonium Nitrate Global Market Report?
- Market Size Analysis: Analyze the Calcium Ammonium Nitrate Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Calcium Ammonium Nitrate Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Calcium Ammonium Nitrate Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Calcium Ammonium Nitrate Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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