SAN FRANCISCO, July 13, 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Calcium nitrate – Global market trajectory and analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 9; Posted: June 2021
Executive pool: 493
Companies: 88 – Players covered include ADOB; GFS Chemicals, Inc .; Haifa Group; Nutrien Ltd .; Rural Liquid Fertilizers Pty Ltd .; San Company; Sasol Ltd .; SQM SA; Sterling chemicals; URALCHEM JSC; Wentong Potassium Salt Group Co., Ltd .; Yara International ASA and others.
Blanket: All major geographies and key segments
Segments: Application (fertilizer, sewage treatment, explosives, concrete making and other applications)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Colombia; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Calcium Nitrate Market To Reach $ 13.5 billion by 2026
Calcium nitrate is a colorless anhydrous inorganic salt with the formula Ca (NO3) 2. Also called Norwegian saltpeter, calcium nitrate is produced industrially by treating limestone with nitric acid, reacting ammonium nitrate with calcium hydroxide, or reacting phosphate rock with nitric acid. The compound can also be obtained by a process involving the absorption of nitrogen oxide by lime water (milk of lime). Calcium nitrate is widely used in agricultural fertilizers. Containing 23.7% water soluble calcium (CaO) and 11.8% nitrogen nitrate, calcium nitrate helps faster absorption of nutrients, improves disease resistance and promotes early maturity and the quality of vegetables and fruits. Calcium nitrate fertilizer, providing the only source of water soluble calcium available to plants, facilitates sufficient supply of nitrogenous and calcium nutrients to plants, while ensuring effective control of diseases, pests and a healthy port.
In the midst of the COVID-19 crisis, the global calcium nitrate market is estimated at US $ 10.4 billion in 2020, is expected to reach a revised size of US $ 13.5 billion by 2026, with a CAGR of 4.5% over the analysis period. Fertilizers, one of the segments analyzed in the report, is expected to grow at a CAGR of 5% to reach US $ 6.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Wastewater Treatment segment is readjusted to a revised CAGR of 4.5% for the next 7 year period. This segment currently represents a 22.9% share of the global calcium nitrate market.
The US market is estimated at $ 2.2 billion in 2021, China is expected to reach $ 2.9 billion by 2026
The calcium nitrate market in the United States is estimated at US $ 2.2 billion in 2021. The country currently represents 20.82% of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 2.9 billion during the year 2026, with a CAGR of 5.7% throughout the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 3.1% and 4% respectively over the period of analysis. In Europe, Germany is expected to grow by around 3.5% CAGR while the rest of the European market (as defined in the study) will reach 3.1 billion US dollars before the end of the analysis period.
Factors such as the increasing consumption of agricultural products, the growing threat of plant diseases, and concerns about shrinking arable land and associated yield losses have fueled widespread demand for chemical fertilizers, thus accelerating sales of nitrate from agricultural grade calcium. The proven effectiveness of calcium nitrate in providing key nutrients, nitrogen and calcium, necessary for plant development and growth in the form of basic fertilizer, top dressing fertilizer, foliar fertilizer and he regenerative fertilizer has expanded the overall calcium nitrate market. Likewise, the massive expansion of wastewater treatment programs around the world has created substantial opportunities for the calcium nitrate market. In a context of large-scale pollution of natural water resources from industrial waste, urban wastewater and other pollutants, and growing concerns about the scarcity of drinking water, investments in wastewater treatment have increased sharply in several regions of the world. The scenario has produced high-quality opportunities for calcium nitrate, a premier deodorizing agent in wastewater treatment processes. Likewise, the gradual expansion of concrete manufacturing against a backdrop of healthy tide in the construction and infrastructure sectors, has contributed to substantial growth in the calcium nitrate market. Calcium nitrate, which was originally used as a setting accelerator in concrete manufacturing, has expanded its role over the past two decades to provide a reliable anti-freeze builder, long-term strength improver and plasticizer. in the manufacture of concrete.
Explosives segment to reach $ 1.6 billion by 2026
Explosives are another major area of application, where the use of calcium nitrate has increased dramatically over the years. Providing a better alternative to ammonium nitrate, the most established raw materials for manufacturing explosives, calcium nitrate has broadened its use case in explosives for a variety of purposes including mining, quarrying and construction, in addition to expendable military weapons. In the global explosives segment, United States, Canada, Japan, China and Europe will lead to the estimated 4% CAGR for this segment. These regional markets representing a combined market size of US $ 884.8 million in 2020 will reach a projected size of US $ 1.2 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach 280.1 million US dollars by 2026, while Latin America will increase at a CAGR of 4.4% throughout the analysis period. After
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SOURCE Global Industry Analysts, Inc.