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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Calcium Ammonium Nitrate Market Outlook
The global calcium ammonium nitrate market is expected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.
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The Asia Pacific to Provide Enhanced Growth Opportunities to the Calcium Ammonium Nitrate Industry
During the historical period, Europe held a significant share in the calcium ammonium nitrate industry. Europe is one of the major nitrate fertiliser manufacturers. The presence of major manufacturers in Europe, such as Yara International, Eurochem Group, and Helm AG, is expected to fuel the market in the near future. During the forecast period, the Asia Pacific market is expected to grow at a significant rate. Rice, wheat, and maize are the main crops grown in the region. The calcium ammonium nitrate industry in the Asia Pacific is expected to grow due to increased agricultural production in countries such as China, India, and Indonesia during the forecast period. Meanwhile, the demand in North America is expected to grow at a moderate pace in the coming years. The United States is a major exporter of maize and soybeans. This, in turn, is expected to propel the country's market in the immediate future.
Calcium Ammonium Nitrate Industry Segmentation
Nitro limestone and nitro chalk are other names for calcium ammonium nitrate or CAN. By combining powdered limestone with ammonium nitrate, calcium ammonium nitrate is formed. It is a commonly used fertiliser all over the world. The mixture's physiological properties are neutral.
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Based on application, the market is classified into:
- Fertiliser
- Explosive
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increase in Fertiliser Demand to Bolster the Growth of the Calcium Ammonium Nitrate Industry Globally
The major factor driving the calcium ammonium nitrate industry growth is an increase in fertiliser demand from the agricultural sector. During the forecast era, main factors such as the rising global population and rising food demand are expected to drive the demand for calcium ammonium nitrate. The various applications of calcium ammonium nitrate, such as its use as a fertiliser in enhancing soil fertility and increasing production potential as well as its use as a low-scale explosive in underdeveloped countries such as Afghanistan, Pakistan, and others, are expected to propel the calcium ammonium nitrate industry over the forecast period. Meanwhile, the market in developing regions is expected to grow due to rapid economic growth and a thriving agricultural sector.
Key Industry Players in the Global Calcium Ammonium Nitrate Market
The report gives a detailed analysis of the following key players in the global calcium ammonium nitrate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Yara International ASA
- EuroChem Group
- Achema AB
- Origin Fertilizers (UK) Limited
- Fertinagro India Pvt. Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Calcium Ammonium Nitrate Market Report Snapshots
Calcium Ammonium Nitrate Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The major drivers of the market include the rising global population, increasing production potential, rapid economic growth, and the thriving agricultural sector.
An increase in fertiliser demand from the agricultural sector and rising food demand are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on application, the market is classified into fertiliser and explosive.
The major players in the industry are Yara International ASA, EuroChem Group, Achema AB, Origin Fertilizers (UK) Limited, and Fertinagro India Pvt. Ltd., among others.
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