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The global calcium nitrate market is expected to grow at a CAGR of 3.4% in the forecast period of 2024-2032.
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The growing utilisation of calcium nitrate for various applications, particularly fertilisers, is significantly contributing to the growth of the industry. Calcium is a vital nutrient for the growth of plant tissues and calcium nitrate-based fertilisers have proved to be beneficial for the environment as they do not get lost in the atmosphere as compared to ammonia and urea-based fertilisers. Further, calcium nitrate is also used in wastewater treatment to eliminate the odour of sulphate compounds present in water. In addition, it has applications in concrete manufacturing, blasting and oil exploratory activities, and in the production of explosives. This is providing a boost to the market and contributing to its growth.
Region-wise, the Asia Pacific is expected to provide enhanced growth opportunities to the market over the forecast period. The growing demand for fertilisers in the agricultural sector and the presence of a large population are aiding the regional industry growth. The market is also supported by the rapid urbanisation and industrialisation trends going on in emerging nations like India and China.
Calcium nitrate, also known as Norgessalpeter or Norwegian saltpeter, is a colourless salt represented by the formula Ca(NO3)2. This inorganic compound mostly occurs as a tetrahydrate and can easily absorb moisture from the air. Calcium nitrate is widely utilised as a component in fertilisers and has various other applications.
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Based on form, the market is divided into:
On the basis of application, the industry can be segmented into:
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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The development of the agriculture sector is driving the demand for fertilisers, which, in turn, is aiding the growth of the calcium nitrate industry. This is further supported by the rising global population and increasing demand for food. The rapid urbanisation and the growing construction activities, particularly in developing nations, are positively influencing the market growth. Moreover, the growing focus on sustainable practices is resulting in the growth of the wastewater treatment industry, which is significantly driving the demand for calcium nitrate. Over the forecast period, the stringent government regulations regarding wastewater treatment are expected to positively impact the market growth.
The report gives a detailed analysis of the following key players in the global calcium nitrate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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 Form |
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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. |
*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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The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The major drivers of the market include the rising demand for fertilisers, advancements in the agricultural sector, the rising population, and surging construction activities.
The key trends guiding the market include the introduction of favourable government initiatives aimed at boosting wastewater treatment, the growing use of calcium nitrate in concrete manufacturing and oil exploration activities, and rapid industrialisation and urbanisation in developing countries.
The major regions in the calcium nitrate market include North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of calcium nitrate in the market are liquid, crystal, and granule, among others.
The major applications of calcium nitrate include fertilisers, wastewater treatment, explosives, and mortars and concrete, among others.
The major players in the 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.
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