Press release
2025 Calcium Nitrate Industry Trends Report: Long-Term Outlook Through 2034
Calcium Nitrate
How Large Will the Calcium Nitrate Market Size By 2025?
In recent times, the calcium nitrate market has experienced significant expansion. The market value is anticipated to surge from $7.84 billion in 2024 to $8.33 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. Factors such as a need for superior quality harvests, expansion in the agricultural sector, transition towards water soluble fertilizers, industrial uses, and progressions in farming methodologies have contributed to this growth during the historical period.
How Big Is the Calcium Nitrate Market Size Expected to Grow by 2029?
In the forthcoming years, the calcium nitrate market is forecasted to experience considerable growth, reaching a value of $10.45 billion in 2029 with a CAGR of 5.8%. This anticipated growth during the projected period can be associated with factors such as environmental consciousness, sustainable farming methods, adjustments in consumer tastes, heightened demand for horticulture and floriculture, and increased understanding of soil health. Trends emerging in this forecast period consist of precision farming adoption, organic farming methodologies, hydroponics and cultivation without soil, emphasis on improving crop quality, and the utilization of controlled-release fertilizers.
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Which Key Market Drivers Powering Calcium Nitrate Market Expansion and Growth?
The calcium nitrate market is set to experience growth due to the increasing demand for fertilizers. Fertilizers are a crucial component for soil, plant, and crop health, providing necessary nutrients for growth. Specifically, calcium nitrate proves to be a highly beneficial fertilizer, contributing nitrogen and calcium to the plants and enhancing the quality of fruits and vegetables. In May 2023, Statistics Canada reported a surge in fertilizer sales by 29.1% year-over-year, hitting a new monthly record of $1.8 billion. This expanding demand for fertilizers is poised to boost the calcium nitrate market. A significant driver of the calcium nitrate market is the escalating demand for wastewater treatment facilities. These facilities purify wastewater from multiple sources such as residential, commercial, and industrial, for which calcium nitrate is often used. Its utility extends to eliminating contaminants, adjusting pH, and controlling odor. The rise of stringent environmental laws, urbanization, sustainable initiatives, and the requirement for purified water has led to the growing use of calcium nitrate in wastewater treatment. A report from the United Nations states that globally, 80% of wastewater returns to the ecosystem untreated, leading to around 1.8 billion people using water contaminated with faeces. This has resulted in an increased risk of disease transmission, thereby highlighting the pressing need for wastewater treatment, subsequently fuelling the growth of the calcium nitrate market.
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Which Fast-Growing Trends Are Poised to Disrupt the Calcium Nitrate Market?
Leading entities in the calcium nitrate market are introducing progressive products like granules to amplify efficiency and effectiveness in the fields of agriculture and gardening. Typically deployed as fertilizers, these granules represent small, rounded particles or pellets that facilitate easy application and regulated nutrient release in the soil. To exemplify, the Acron Group, a chemical manufacturing establishment based in Russia, inaugurated its calcium nitrate unit in August 2022. Situated in Veliky Novgorod, Acron Group's novel calcium nitrate unit yields around 100,000 tons annually of granulated calcium nitrate, backed by an approximate investment of RUB1.5 billion. This unit augments the firm's fertilizer portfolio and fosters sustainable farming norms.
What Are the Emerging Segments in the Calcium Nitrate Market?
The calcium nitrate market covered in this report is segmented -
1) By Type: Liquid, Melt, Crystals
2) By Process: Limestone, Phosphate Rock, Ammonium Nitrate
3) By Application: Fertilizer, Waste Water Treatment, Concrete, Explosives, Refrigerant, Other Applications
4) By End-User: Aerospace Components, Automotive Parts, Logging Equipment, Boring And Cutting Equipment, Electrical And Electronics Appliances, Other End Users
Subsegments:
1) By Liquid: Calcium Nitrate Solution, Fertilizer Grade Liquid Calcium Nitrate
2) By Melt: Calcium Nitrate Melt For Industrial Use, Calcium Nitrate Melt For Agricultural Use
3) By Crystals: Calcium Nitrate Tetrahydrate Crystals, Anhydrous Calcium Nitrate Crystals
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Who Are the Global Leaders in the Calcium Nitrate Market?
Major companies operating in the calcium nitrate market report are SABIC Limited, Sumitomo Chemicals Co. Ltd., Yara International ASA, Syngenta Crop Protection AG, Sasol Limited, Borealis AG, EuroChem Group AG, Nutrien Ltd., CF Industries Holdings Inc., Orica Limited, KRONOS Worldwide Inc., Anhui Jinhe Industrial Co. Ltd., Achema AB, Fertiberia SA, Haifa Group, Prathista Industries Limited, Ako Kasei Co. Ltd., TIB Chemicals AG, Airedale Chemical Co.Ltd., GFS Chemicals Inc., Agrico Canada L.P, Jiaocheng Sanxi Chemical Co. Ltd., ProChem Inc., Noah Technologies Corporation, Sterling Chemicals, ChemSol LLC, Barium and Chemicals Inc., Blue Line Corporation
Which are the Top Profitable Regional Markets for the Calcium Nitrate Industry?
North America was the largest region in the calcium nitrate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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