Calcium Ammonium Nitrate Market Share Expands with Rising Fertilizer Demand and Crop Yield Optimization | Valuates Reports

Calcium Ammonium Nitrate Market Size
The global market for Calcium Ammonium Nitrate was valued at US$ 3935 million in the year 2024 and is projected to reach a revised size of US$ 4759 million by 2031, growing at a CAGR of 4.1% during the forecast period.

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The Calcium Ammonium Nitrate (CAN) Market is experiencing steady market growth driven by increasing global food demand, expanding agricultural activities, and the need for nitrogen-rich fertilizers to enhance crop productivity. CAN is widely used for its balanced nitrogen content, quick nutrient availability, and reduced soil acidification compared to other nitrogen fertilizers. Growing emphasis on sustainable farming practices and improved nutrient efficiency is positively influencing market size. Key market trends include enhanced fertilizer formulations, precision agriculture integration, and environmentally compliant nitrogen solutions, supporting a favorable market forecast and sustained long-term market growth.

By type, Nitrogen Content 27% holds the largest market share due to its high efficiency in large-scale crop production and extensive use in cereal and grain cultivation. This segment contributes significantly to overall market size, particularly in regions with intensive farming systems. Nitrogen Content 15.5% is witnessing stable market growth, mainly in horticulture and specialty crop applications where controlled nitrogen supply is essential. Both segments collectively drive consistent market growth aligned with evolving agricultural productivity needs.

In terms of application, Agriculture accounts for the dominant market share, supported by increasing fertilizer consumption for staple crops such as wheat, corn, and rice. Horticulture also represents notable market size, driven by fruit, vegetable, and ornamental plant cultivation that requires balanced nutrient application. Rising awareness about soil health and optimized fertilization practices further strengthens overall market growth across both segments.

Leading companies shaping the competitive landscape include EuroChem, Yara International, Uralchem, Borealis, Nutrien, Achema, OSTCHEM Holding, Pakarab Fertilizers, Incitec Pivot, and Sasol. These companies maintain substantial market share through integrated production facilities, global distribution networks, and strategic partnerships within agricultural supply chains. Capacity expansions and innovations in environmentally sustainable nitrogen fertilizers further strengthen their competitive positioning and support sustained market growth.

Regionally, Europe holds a significant market share due to advanced farming practices and strict environmental regulations governing fertilizer use. North America maintains strong market size supported by large-scale agricultural operations in the United States and Canada. Asia-Pacific is witnessing accelerating market growth driven by expanding crop production in China and other developing economies. Southeast Asia and Latin America are gradually increasing market size as agricultural modernization progresses. The market forecast remains positive as rising global food security concerns, fertilizer efficiency improvements, and precision farming technologies continue to shape evolving market trends and reinforce sustained global market growth in the Calcium Ammonium Nitrate Market.

Segment by Type

• Nitrogen Content 27%
• Nitrogen Content 15.5%

Segment by Application

• Agriculture
• Horticulture

By Company

EuroChem, Yara, Uralchem, Borealis, Nutrien, Achema, OSTCHEM Holding, Pakarab Fertilizers, Incitec Pivot, Sasol, Huaxin Group Corporation, Shangxi Jiaocheng Chemical, Shanxi Knlan Chemical, Shanxi Leixin Chemical, Wentong Group, Shanxi Jiaocheng Tianlong Chemical, Dongxing Chemical

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