Calcium Nitrate Global Market Report 2024

The calcium nitrate market size has grown strongly in recent years. It will grow from $7.35 billion in 2023 to $7.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The increase observed in the historical period can be attributed to the demand for high-quality produce, growth in the agricultural industry, a shift towards water-soluble fertilizers, industrial applications, and advancements in agricultural practices.

The calcium nitrate market size is expected to see strong growth in the next few years. It will grow to $9.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be attributed to environmental concerns and the promotion of sustainable agriculture, changes in consumer preferences, an increase in demand for horticulture and floriculture, a focus on sustainable agriculture, and a growing awareness of soil health. Prominent trends expected in the forecast period involve the adoption of precision agriculture, the practice of organic agriculture, the implementation of hydroponics and soilless cultivation, an emphasis on enhancing crop quality, and the adoption of controlled-release fertilizers.

The anticipated increase in fertilizer demand is poised to drive the growth of the calcium nitrate market in the future. Fertilizers, essential for providing necessary nutrients to soil, plants, or crops, play a crucial role in plant growth and development. Calcium nitrate, a versatile fertilizer, supplies nitrogen and calcium to growing crops, enhancing the quality of fruits and vegetables. For example, a report from the Central Statistics Office in July 2022 revealed a 6% increase in fertilizer sales, reaching a total of 1.7 million tons in 2021 compared to 2020. The nitrogen content in fertilizers sold in 2021 also experienced a 5% increase, totaling 399,164 tons compared to the previous year. Therefore, the growing demand for fertilizers is expected to propel the growth of the calcium nitrate market.

The increasing requirement for wastewater treatment facilities is anticipated to contribute to the growth of the calcium nitrate market. Wastewater treatment facilities, designed to treat and purify wastewater from various sources, utilize calcium nitrate for contaminant removal, pH adjustment, and odor control. Factors such as stringent environmental regulations, urbanization, sustainability initiatives, and the need for clean water drive the adoption of calcium nitrate in wastewater treatment. Globally, 80% of wastewater flows back into the ecosystem untreated, posing risks to around 1.8 billion people who use contaminated water sources. Therefore, the rising need for wastewater treatment facilities is a key driver of the calcium nitrate market's growth.

The ongoing Russia-Ukraine war has had adverse effects on the heptanoic acid market. The destruction of chemical plants during the conflict can significantly impact the production of heptanoic acid and other chemical compounds. For instance, as reported in June 2023 by Chemical World, the war in eastern Ukraine poses the risk of a deadly chemical disaster due to the destruction of several chemical plants in the Donbas region. Consequently, the Russia-Ukraine war acts as a hindrance to the growth of the calcium nitrate market.

Prominent companies in the calcium nitrate market are focused on developing innovative products, such as multi-nutrient compatibles, to better serve farmers and generate revenue. These compatibles are advanced multi-nutrient formulations designed to facilitate rapid nutrient uptake and translocation within plants while improving the efficiency of absorbing essential nutrients such as copper and calcium. For example, in April 2021, FBSciences Inc., a US-based agriculture service company, expanded its calcium nitrate-compatible lineup with three new products - CopCAN Soil CN Compatible, PhotoCAN Soil CN Compatible, and FlexCAN Soil CN Compatible. These liquid nutrients, applied to the soil, aim to enhance crop yields and soil health by promoting efficient nutrient absorption.

In April 2022, Casale SA, a Switzerland-based company specializing in integrated solutions for fertilizer and chemical production, acquired Green Granulation for an undisclosed amount. This strategic acquisition is expected to strengthen Casale's market position and leverage an integrated portfolio of efficient technologies. Green Granulation, based in Hong Kong, is known for designing and constructing urea and calcium ammonium nitrate (CAN) granulation systems.

Major companies operating in the calcium nitrate market report are SABIC Limited, Sumitomo Chemicals Co. Ltd., Yara International ASA, Syngenta Crop Protection AG, Sasol Limited, Borealis AG, EuroChem Group AG, Nutrien Ltd., CF Industries Holdings Inc., Orica Limited, KRONOS Worldwide Inc., Anhui Jinhe Industrial Co. Ltd., Achema AB, Fertiberia SA, Haifa Group, Prathista Industries Limited, Ako Kasei Co. Ltd., TIB Chemicals AG, Airedale Chemical Co.Ltd., GFS Chemicals Inc., Agrico Canada L.P, Jiaocheng Sanxi Chemical Co. Ltd., ProChem Inc., Noah Technologies Corporation, Sterling Chemicals, ChemSol LLC, Barium and Chemicals Inc., Blue Line Corporation.

North America was the largest region in the calcium nitrate market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calcium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the calcium nitrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The calcium nitrate market consists of sales of calcium nitrate tetrahydrate, Southern AG calcium nitrate, Cal-urea, and calcium nitrate solution. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary forms of calcium nitrate are liquid, melt, and crystals. Liquid calcium nitrate pertains to a solution of calcium nitrate (Ca(NO3)2) in water, involving diverse processes such as limestone, phosphate rock, and ammonium nitrate for applications such as fertilizer, wastewater treatment, concrete production, explosives, refrigeration, and more. Its usage extends to aerospace components, automotive parts, logging equipment, boring and cutting machinery, electrical and electronic appliances, among others.

The calcium nitrate market research report is one of a series of new reports that provides calcium nitrate market statistics, including calcium nitrate industry global market size, regional shares, competitors with a calcium nitrate market share, detailed calcium nitrate market segments, market trends and opportunities, and any further data you may need to thrive in the calcium nitrate industry. This calcium nitrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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