Calcium Nitrate Market Size By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: December 2016 | 112 Pages | Report ID: GMI848 Report Format: PDF
Calcium Nitrate Market size generated USD 8 billion in 2015 and is forecast to witness 5.3% CAGR by 2024.
U.S Calcium Nitrate Market size, by application, 2013-2024 (USD Million)
Increasing gain crop demand across the globe is analyzed to be the key factor propelling the global calcium nitrate market size over the projected timeframe. The rapidly growing population has further boosted the food demand significantly. This is substantially driven the fertilizers demand for increasing the crop yield in order to meet the food demand. The nitrogenous calcium nitrate fertilizers use in grains and oilseeds is escalating owing to the increasing wheat, corn and soybeans demand across the globe. For instance, the global wheat production in 2008 was roughly around 680 million tons and stood at over 720 million tons in 2015. Furthermore, The Food and Agriculture Organization (FAO) of the United Nations evaluated that the farmland productivity shall be elevated by approximately 15% in coming years to uphold global food consumption. This will uplift the fertilizers demand and subsequently propelling the industry growth by 2024.
The product is extensively used in the wastewater treatment to prevent the odor emission. Water treatment is essentially required to restrict suspended solid particles and prevent bacteria, virus, and protozoa proliferation. Rapid industrialization has resulted in declining clean water rates, mainly due to wastewater released during the manufacturing process. Wastewater pollutants threat is comparatively higher in Brazil, China, India and Mexico owing to elevating industrialization. The wastewater treatment industry in these four countries was close to USD 3 billion in 2008 and was approximately USD 7 billion in 2015. Presence of biological contaminates in water along with stringent government regulations towards wastewater treatment disposal will positively influence the global calcium nitrate market size in the near future.
Crystalline calcium nitrate is hygroscopic by nature and absorbs moisture from the atmosphere. Therefore, the product based fertilizers cannot be used in the soil without sufficient water. These product based fertilizers should always be stored in closed packages. However, it may melt inside transportation bags releasing water, which makes it unsuitable for long transportation in rainy season and, hence, reduces its shelf life. In addition, the product transportation is controlled and governed by a variety of different regulatory regimes including the UN, and has been designated as a hazard class 5.1 chemical by various regulatory organizations. These above-mentioned factors are likely to obstruct the global calcium nitrate market share over the projected timeframe. However, rising product applications across explosives and construction material such as concrete will complement the business growth.
Calcium Nitrate Market, By Application
The global calcium nitrate market share for fertilizers shall witness gains more than 4.5% CAGR over the forecast timeframe. The product based fertilizers contain nitrogen and calcium, which are essential for plants to absorb vital nutrients from the soil and helps in the prevention of various leaf spot diseases. Flowering plants retain their flowers for a longer period when these fertilizers are added. In addition, rising food grain demand has compelled farmers to upscale their crop yield by using such fertilizers. This will complement the business growth over the forecast timeframe for fertilizers.
Concrete manufacturing was valued close to USD 900 million in 2015. The product is used in the contemporary manufacturing process to improve the handling and the concrete properties. It is also used to promote rapid setting of concrete and mortar. The product is widely preferred in construction sites were instant concrete setting is required.
Calcium Nitrate Market, By Region
North America, led mainly by the U.S. calcium nitrate market size generated revenue more than USD 1.5 billion in 2015. The product is extensively used in the explosives industry, as compared to other regions. Increasing government spending in order to enhance their defense forces is the major factor contributing the regional business growth.
Asia Pacific, mainly led by China, India and Japan is forecast to experience highest gains at over 5.5% over the projected period. Increasing fertilizers demand to meet the growing regional population is the key factor for the regional growth. In addition, rapid industrialization in China and India will significantly propelled the product demand for wastewater treatment, subsequently driving the regional calcium nitrate market size by 2024.
Competitive Market Share
The global calcium nitrate market share was fragmented in 2015. Key companies operating in the industry includes Agrium Inc., Shanxi Jiaocheng Tianlong Chemical Industry Co., Ltd., Haifa Group, Uralchem Holding PLC, Rural Liquid Fertilizers (RLF), Yara International ASA and Sterling Chemicals.
Key industry participants are engaged in strategic mergers and acquisitions. For instance, in November 2013, Yara International ASA acquired OFD Holding Inc. (OFD) from Omimex Resources, Inc. This acquisition has helped the company to increase its production capacity. In addition, the industry players are investing in R&D for developing new grades of calcium nitrate to compete in the industry.
Calcium Nitrate Industry Background
Calcium nitrate is also known as Norgessalpeter (Norwegian saltpeter), is a granular solid with hygroscopic characteristics. It is an oxidizing agent and soluble in water and alcohol. It finds applications in many industries, ranging from fertilizer to commercial explosives. Steadily rising global grain crops demand accompanied with decreasing arable land is likely to boost the calcium nitrate market size for fertilizers. Global food demand is estimated to rise significantly over the forecast timeframe, as the population is expected to double by 2050 owing to increase fertilizers demand to fulfill the escalating food demand with limited arable land. Furthermore, decreasing fresh water resources along with insufficient water infrastructure in emerging economies is estimated to generate wastewater treatment facilities, which will ultimately boost business growth. However, hygroscopic nature of the product is anticipated to hinder growth.
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