Global Calcium Nitrate Market to Grow at a CAGR of 3.4% During 2024-2032, Aided by the Growing Utilisation of Calcium Nitrate in Fertilisers

The market is being driven by the rising demand for calcium nitrate-based fertilisers and the developing agricultural sector globally. Meanwhile, the depletion of freshwater sources and the increasing scarcity of water across the globe are creating a need for improved wastewater treatment facilities, which will further boost the growth of the calcium nitrate industry over the forecast period. Calcium nitrate can effectively suppress the formation of odour in sewer networks, and, thus, it is extensively utilised in municipal wastewater treatment applications. The stringent government regulations, promoting wastewater treatment activities, are expected to significantly boost the product demand in the coming years. Some of the major players in the industry include Yara International ASA (OTCMKTS: YARIY) and Haifa Group.

Several manufacturers of fertilisers are eyeing the growth potential of calcium nitrate in the agriculture and horticulture sectors and, thus, are launching products with enhanced formulations to meet the growing needs of farmers. In 2016, Prayon S.A., one of the leading manufacturers in the phosphates sector, launched Calcium Nitrate EXTRA in a bid to expand its horticulture range of fertilisers. This formulation contains more calcium content as compared to standard calcium nitrate fertilisers, is free of impurities, and perfectly soluble in water. Such developments have significantly contributed to the industry growth and are expected to inform the growth of the fertilisers segment in the forecast period as well.

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Market Breakup by Form, Application, and Region:

• The various forms of calcium nitrate available in the industry include liquid, crystal, and granule, among others.

• Based on application, the industry is categorised into fertilisers, wastewater treatment, explosives, and mortars and concrete, among others.

• Region-wise, the global market for calcium nitrate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The industry is being driven by the growth of the agricultural industry and the rising demand for fertilisers. 

• The growing demand for calcium nitrate from various applications is also aiding the industry growth.  

• The growing global population and the rapid urbanisation across developing nations are further propelling the market growth. 

• The stringent government regulations regarding wastewater treatment are expected to significantly contribute to the industry growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for calcium nitrate for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the forms, applications, and major regions of calcium nitrate.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global calcium nitrate market are Haifa Group, Uralchem, JSC, Yara International ASA, Ako Kasei Co., Ltd., Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd., Van Iperen B.V., and ProChem, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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