Calcium Nitrate: Research Article Covering Current Market Trends, Forecast, Industry Key Players and Applications

Calcium Nitrate Market Introduction

Calcium nitrate is a colorless crystalline compound with molecular formula Ca(NO3)2. It is anhydrous salt that absorbs moisture from air and is soluble in water and alcohol. Calcium nitrate contains calcium and nitrogen and is mainly manufactured by three processes namely, treating limestone with weak nitric acid, reacting phosphate rock with nitric acid, or reacting ammonium nitrate with calcium hydroxide. Major applications of global calcium nitrate market include waste water treatment chemicals, agriculture, concrete production, latex production and others. Other application comprises niche applications such as molten salts and regeneration of cold packs. Among the prominent applications, fertilizers is estimated to be the largest application. It is used as a source of nitrogen element for the plants which is an essential nutrient for plant growth. Additionally, Calcium nitrate based fertilizer do not acidify the soil nor does it evaporate to atmosphere like ammonia. Owing to such superior characteristics calcium nitrate is widely used in fertilizer application.

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Calcium Nitrate: Key Market Players

Various prominent players present in the global calcium nitrate market includes Agrium Inc, Haifa-Group, Airedale Chemical Co. Ltd, GFS Chemicals Inc, Prathista Industries Limited, Aldon Corporation, All-Chemie Ltd, Rural Liquid Fertilizers, Sterling Chemicals Ltd., Yara International ASA.

Calcium Nitrate Market Dynamics

The global calcium nitrate market is estimated to be driven by increasing consumption of calcium nitrate fertilizers along with increasing need of municipal and industrial waste water treatment. Rise in population has boosted the food demand globally, which subsequently drives the fertilizer demand in order to increase the crop yield. As calcium nitrate do not sour the soil, nor does it contain heavy metals or chlorides, it remains unaffected during temperature changes. This makes the calcium nitrate based fertilizers stronger compared to urea based fertilizer or ammonia. It is witnessing more in demand specifically in oil & seeds, owing to increasing consumption of oil & seed in the global market. The growing population and increasing industrialization has propelled the growth of calcium nitrate market mainly in developing markets in Asia such as India & China.

Water treatment is necessary by using calcium nitrate so that it stops anaerobic conditions and prevent bacteria and virus to spread in environment. Due to rapid industrialization, there is decline in clean water rates. Waste water disposal is high in countries like China, India and Brazil owing to elevating industries and growing food consumption with increasing population. Owing to toxic properties, government has implemented stringent regulations on the emission of hydrogen sulfide in the atmosphere. Such restriction regarding waste water disposal will positively influence the calcium nitrate market growth.

However, Calcium nitrate fertilizers is hydroscopic in nature and has tendency to melt within packaged bags. Hence, it is not durable for long distance transport and is regarded as hazardous product by government. As a result of all such factors, the calcium nitrate market is anticipated to exhibit a CAGR of 5.2% over the forecast period.

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Calcium Nitrate: Trade Analysis (Import/ Export)

Owing to increase in agriculture activities and upcoming innovations in industries, global calcium nitrate market trade is expected to increase in future. China is a leading producer and consumer of calcium nitrate in the global market. After China, Russia, South Africa and Israel are the prominent countries in terms of calcium nitrate production. Moreover, Asia- Pacific is estimated to be leading exporter followed by Europe and North America. In 2015, Asia pacific accounted for 41% of the overall export and China is estimated to major revenue generating market with 37.5% calcium nitrate exported in 2015. Moreover, US, Mexico, Spain and India are estimated to be the prominent importers in the global market in 2015.

Calcium Nitrate: Market Segmentation

For the purpose of this study, Market Research Future has segmented the global citric acid market into grades and applications.

By Grades:

• Agriculture grade
• Industrial grade

By Application:

• Agriculture
• Waste Water Treatment
• Concrete Production
• Latex Production
• Others

About Market Research Future (MRFR) Analysis and Reports

Market Research Future introduces about the global citric acid market for the period 2014-2022 mainly includes growth drivers, trends, restrains and how the market will grow in the future across the globe. In report, Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics and competitive landscape along with company profiles.

Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

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