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Calcium Ammonium Nitrate Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Calcium Ammonium Nitrate
What Is the Forecasted Market Growth Rate of the Calcium Ammonium Nitrate Industry?
In recent times, the market size for calcium ammonium nitrate has witnessed a consistent growth. It's projected to expand from $3.15 billion in 2024 to reach $3.29 billion in 2025, showing a compound annual growth rate (CAGR) of 4.7%. The historic growth is credited to escalating demands from the agriculture sector, amplified need for food, a surge in governmental aids and support, and rising apprehensions pertaining to environmental impact.
How Will the Calcium Ammonium Nitrate Market Size Evolve From 2025 to 2029?
The market size for calcium ammonium nitrate is predicted to experience considerable expansion in the upcoming years, reaching $4.13 billion by 2029 and demonstrating a compound annual growth rate (CAGR) of 5.8%. This surge in growth during the forecast period can be linked to the broadening of agricultural exports, the escalation of climate change, a rising focus on sustainable agricultural methods, and an increase in the utilization of medical cold packs. Significant trends during this period comprise of technological incorporation, the introduction of tailored fertilizer solutions, and developments in farming strategies, fertilizer compositions, and supply chain logistics.
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What Are the Main Growth Drivers in the Calcium Ammonium Nitrate Market Today?
The calcium ammonium nitrate market is forecasted to flourish in conjunction with the expansion of the agricultural sector. The surge in this sector can be attributed to substantial investments in agricultural infrastructure, which enhances productivity, mitigates post-harvest losses, and facilitates market access. These investments also support farmers in meeting the ever-increasing global food needs efficiently. Calcium ammonium nitrate plays a crucial role in this sphere by providing a quick source of nitrogen and calcium, improving soil structure, enhancing plant growth, and spiking up crop yields. In July 2023, a report by the UK's Department for Environment, Food, and Rural Affairs highlighted a 3.4% rise in the productivity of the country's agricultural sector from 2021 to 2022. Likewise, the total output of crops in 2022 experienced a 1.7% surge, with specific increases in oilseed rape and barley outputs by 39% and 12%, respectively. Consequently, the upward trajectory in the agricultural sector is spearheading the growth in the calcium ammonium nitrate market.
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Which Calcium Ammonium Nitrate Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Calcium Ammonium Nitrate Industry Growth?
Leading companies operating in the calcium ammonium nitrate market are prioritizing the development of ground-breaking products such as nitrogen-rich fertilizers to mitigate the environmental footprint, streamline nutrient delivery, and boost crop output, all while addressing increasing sustainability requirements. Nitrogen-rich fertilizers, including ammonium nitrate, urea, and calcium ammonium nitrate (CAN), play a crucial role in augmenting crop production and escalating yields; however, their environmental implications have instigated the creation of more eco-friendly, low-carbon substitutes. For example, in March 2024, Argus Media, a media firm based in the UK, introduced first-of-its-kind assessments for low and zero-carbon nitrogen fertilizers. The assessments for low and zero-carbon calcium ammonium nitrate (CAN) fertilizers factor in production costs associated with blue or green ammonia. The aim of these assessments is to shed light on the environmental impacts and costs associated with producing low carbon emission CAN. It offers worldwide energy and commodity price assessments spanning various sectors such as energy, agriculture, chemicals, and fertilizers.
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Which Companies Hold the Largest Market Share in the Calcium Ammonium Nitrate Sector?
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.
Where Is the Calcium Ammonium Nitrate Market Experiencing the Highest Growth?
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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