Calcium Ammonium Nitrate Industry Outlook 2025-2029: Market Set to Cross $4.24 Billion Milestone

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How Large Will the Calcium Ammonium Nitrate Market Size By 2025?
The market size for calcium ammonium nitrate has witnessed significant growth lately. The projections indicate an increase from $3.15 billion in 2024 to $3.35 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. The previous growth period can be linked to factors such as heightened demand from the agricultural industry, escalated food requirement, a surge in governmental aids and support, and rising awareness regarding environmental consequences.

How Big Is the Calcium Ammonium Nitrate Market Size Expected to Grow by 2029?
Anticipated robust expansion in the forthcoming years, the calcium ammonium nitrate market is projected to skyrocket to a staggering $4.24 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. The marked augmentation during the projected period could be ascribed to a rise in agricultural exports, escalated climate change, and heightened emphasis on sustainable farming practices, along with an increased usage of medical cold packs. The prevalent trends to watch during the forecast period encompass the incorporation of technological advances, embracing personalized fertilizer solutions, the progress in agricultural methods, innovation in fertilizer formulations, and breakthroughs in supply chain logistics.

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Which Key Market Drivers Powering Calcium Ammonium Nitrate Market Expansion and Growth?
The expansion of the agriculture segment is anticipated to stimulate the development of the calcium ammonium nitrate market in the future. This growth in the agriculture sector is fueled by substantial investments in agricultural infrastructure, which enhances productivity and market reach, decreases after-harvest wastage, and assists farmers in effectively satisfying the surging global demand for food. Calcium ammonium nitrate offers the farming industry a readily available supply of nitrogen and calcium, fostering plant growth, enhancing soil structure, and amplifying crop yield. For example, as per the report issued by the Department for Environment, Food, and Rural Affairs, a government agency based in the United Kingdom, in July 2023, the productivity of the UK's agricultural sector witnessed an upsurge of 3.4% from 2021 to 2022. Additionally, in 2022, the total crop yield escalated by 1.7%, with oilseed rape and barley imports expanding by 39% and 12%, respectively. Consequently, the burgeoning agriculture sector is propelling the market for calcium ammonium nitrate.

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Which Fast-Growing Trends Are Poised to Disrupt the Calcium Ammonium Nitrate Market?
Leading businesses in the calcium ammonium nitrate industry are focusing on the introduction of innovative products such as nitrogen-based fertilizers to decrease the environmental footprint, enhance the delivery of nutrients, and amplify agricultural outputs in alignment with rising sustainability needs. Various nitrogen-based fertilizers, which include ammonium nitrate, urea, and calcium ammonium nitrate (CAN), are crucial for promoting plant growth and augmenting yields, but they also contribute to environmental problems, driving the emergence of eco-friendly, low-carbon versions. For instance, in March 2024, Argus Media, a media entity based in the UK, unveiled the first-ever low and zero-carbon nitrogen fertilizer assessments. The assessment of low and zero-carbon calcium ammonium nitrate (CAN) fertilizers involved calculation of production costs using either blue or green ammonia. These evaluations aim to offer clarity regarding the environmental effect and costs associated with the production of CAN that features lower carbon emissions. These evaluations contribute a holistic view of global energy and commodity price assessments across various sectors including energy, agriculture, chemicals, and fertilizers.

What Are the Emerging Segments 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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Who Are the Global Leaders in the Calcium Ammonium Nitrate Market?
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.

Which are the Top Profitable Regional Markets for the Calcium Ammonium Nitrate Industry?
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.

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