Calcium Nitrate Market Share, Overview, Trends and COVID-19 Analysis, Forecast to 2023
Calcium Nitrate Market Synopsis
Calcium nitrate Ca(NO3)2, an inorganic compound, is also referred
to as double salt and Norwegian saltpeter. It is an odorless compound which
varies from white to gray and comes in granular form. It is highly soluble in
water, highly hygroscopic and acts as an oxidizing agent. This compound is a
colorless salt which absorbs moisture from the atmosphere and is found as
tetrahydrate. Calcium nitrate breaks down upon heating and releases nitrogen
dioxide. This compound exists in several forms such as a mineral in
nitrocalcite. Other related salts comprise calcium potassium nitrate
decahydrate and calcium ammonium nitrate. According to a new report by Market
Research Future (MRFR), the market is expected a significant growth
during the forecasted period.
An inorganic compound, Calcium nitrate is produced by applying
nitric acid to limestone and is then treated with ammonia. Calcium nitrate is
used in making explosives and as nitrogen fertilizer in the agriculture
industry. It is also used in treating wastewater by eliminating the sulfate
compound odor from water. Calcium nitrate is marketed for emulsion explosive
for blasting in tunneling activities, quarries, and road construction.
Calcium Nitrate Market Drivers and Restraints
With the rising global population, the growth of calcium
nitrate industry is positively impacted, owing to the growing trend
for enforcing eco-friendly fertilizer technology and rising demand for food
across the world. The Food and Agriculture Organization of the US has analyzed
that farmland productivity will rise by approximately 15 % in the years to come
to support food consumption globally. The nitrogenous calcium nitrate
fertilizers are used in oilseeds and grains for the increasing production of
corn, wheat and soyabean globally. Strict government mandates regarding
wastewater treatment disposal in developed and developing areas shall boost
the calcium nitrate market growth. Also, calcium nitrate which is used as
admixtures for the production of concrete is expected to elevate the demand for
calcium nitrate market globally.
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Global Calcium Nitrate Market Segmentation
The global market for COVID-19 analysis on calcium
nitrate market overview can
be segmented by application, process, and region.
The market can be segmented into reacting ammonium nitrate with
calcium hydroxide, reacting phosphate rock with nitric acid, and reacting
limestone with nitric acid based on the type of process.
The market can be segmented into fertilizers, explosives, concrete
admixture, wastewater treatment, and others based on application. Among them,
fertilizers shall witness more market growth over the forecast period. Product
based fertilizers contain calcium and nitrogen which are vital for the plants
to absorb important nutrients from the soil and helps in preventing leaf spot
diseases. Also, flowering plants retain their flowers for a considerable amount
of time with the addition of these fertilizers.
The market has been segmented into North America, Europe, Asia
Pacific, Middle East and Africa and Latin America based on region.
Calcium Nitrate Market Regional Analysis
Asia Pacific is leading the global market for calcium nitrate
followed by North America and Europe. Asia Pacific is emerging as a prominent
market for wastewater treatment and fertilizers. Due to urbanization and industrialization,
water quality is becoming an important issue in this region. Treating both
municipal corporation water and industrial water is rising, which is
strengthening the market. Moreover, due to rise in population specifically in
India and China, the demand for food is increasing. Fertilizers are used to
improve the productivity and quality of crops, thereby propelling the calcium
nitrate market.
With the increasing budget in defense in North America, the market
in the explosive application is also expected to boom during the forecast
period. Europe holds 45 % of the total calcium nitrate consumption in terms of
fertilizers application. The renovation sector in Europe is also expected to
witness a stronger growth which will drive the market in concrete admixture
application.
Competition Analysis
Some of the prominent players operating the calcium
nitrate market are ADOB, Nutrien Ltd., Yara International, Sterling
Chemicals., GFS Chemicals, Inc. and more.
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