Latest TMR Report Explores Impact of COVID-19 Outbreak on Calcium Nitrate Market
Another noticeable trend in the global calcium nitrate market is the thrust on mergers and acquisitions and diversification of product portfolios by key players. They are also seen banking upon product differentiation and focusing on better production methods of nitrate compounds.
Some of the companies with substantial presence in the global calcium nitrate market are Agrium, Inc., Vardhaman Fertilizers and Seeds Pvt. Ltd., Yara International ASA, Airedale Chemical, Rural Liquid Fertilisers (RLF), GFS Chemicals, Inc., and Haifa Chemicals Ltd.
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Going forward, the global calcium nitrate market is predicted to rise at a steady 4.8% CAGR over the course of the forecast period between 2014 and 2020. This has been stated by Transparency Market Research in one of its reports. At this pace, it predicts the market to become worth US$10.18 bn by 2020.
Some of the application segments of the global calcium nitrate market are explosives, waste water treatment chemicals, concrete manufacturing, and fertilizers. Currently, the segment of fertilizers generates most of the demand in the global calcium nitrate market. This is because calcium is much needed for development of plant tissues. Further, calcium nitrate fertilizers do not acidify the soil. They also do not have heavy metals and chlorides. Besides, they remain unaffected by temperature. From a geographical perspective, the global calcium nitrite market is being led by Asia Pacific. This is because of the massive tracts of land devoted to cultivation of food crops in nations of China and India.
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Biggest Application Segment of Fertilizers Driving Global Calcium Nitrate Market
At the forefront of driving demand in the global calcium nitrate market is the rising demand for grain crops because of the pressing need to feed the world’s burgeoning population. Adds the lead analyst of the TMR report, “Calcium nitrate based fertilizers are preferred over those formulated from urea or ammonia based ones. This is because the last two are often lost to the atmosphere. Besides, calcium nitrite based fertilizers are not affected by unfavorable circumstances. Hence their nutritional element remains intact.”
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One drawback of calcium nitrate, on the other hand, is its hygroscopic in nature. It is considered as hazard class 5.1 by regulatory regimes. This is affecting the growth in the global calcium nitrate market to an extent.
The review is based on the findings of a TMR report, titled, “Calcium Nitrate Market (Application – Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, and Explosives) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2020
The report segments the Global Calcium Nitrate Market into the following:
Global Calcium Nitrate Market, By Application
- Wastewater treatment chemicals
- Explosives
- Fertilizers
- Concrete Manufacturing
- Fertilizers
Global Calcium Nitrate Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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