H1 2023: In the first half of 2023, the Calcium Nitrate market in the Asia Pacific region faced mixed conditions. The fluctuation in calcium nitrate prices surged until March followed by a decline from April to June 2023. The heightened demand preceding the planting season, leading to an upswing in prices as farmers seek fertilizers like calcium nitrate for crop preparation. Additionally, supply chain disruptions, ranging from transportation issues to labor shortages and raw material scarcities during Chinese new Year, impacted the production and distribution of calcium nitrate in February 2023. Once the planting season concludes, a natural decrease in demand occurred, contributing to the subsequent decline in prices from April 2023. Also, constraints in the supply chain, caused prices to rise in the Chinese market till June 2023. Market speculation, influenced by economic uncertainties, also played a role, as traders and investors react to perceived changes in market conditions. Collectively, these multifaceted factors illustrate the intricate interplay of supply, demand, seasonal patterns, contribute to the observed dynamics in calcium nitrate prices during H1 2023 in the Chinese market.
The global Calcium Nitrate market stood at approximately 9.7 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 4.8% during the forecast period until 2032.
Calcium nitrate (Ca(NO3)2) serves diverse purposes across industries, showcasing its versatility as a valuable chemical compound. In agriculture, it is widely employed as a water-soluble fertilizer, providing essential nutrients like calcium and nitrogen for optimal plant growth. The construction sector benefits from calcium nitrate's role as a concrete accelerator, hastening the setting and hardening of concrete, particularly in cold climates. In wastewater treatment, calcium nitrate proves useful in controlling odors and supporting the growth of beneficial bacteria for pollutant removal. Furthermore, it finds application in explosives, contributing to the combustion process in explosive devices. In specific regions, calcium nitrate is utilized as a food additive, particularly in cured meats, where it acts as a color fixative. Calcium nitrate serves as a primary ingredient for producing chloride-free accelerating admixtures utilized in the formulation of concrete containing portland cement.
The demand for calcium nitrate is poised for a substantial upswing in the foreseeable future, primarily driven by the escalating need for chemical fertilizers. The surge in global population has led to heightened agricultural activity, amplifying the requirement for calcium nitrate fertilizers, especially in the face of emerging plant diseases that pose threats to crop yields. As a response to the increasing emphasis on sustainable and organic agriculture, farmers are progressively turning to eco-friendly fertilizers, a shift that is anticipated to augment the market potential for calcium nitrate. While agricultural-grade calcium nitrate currently dominates the market, the trajectory is expected to witness a shift as industrial-grade calcium nitrate gains traction across diverse industries. The growing demand for water treatment solutions, the thriving concrete manufacturing sector, increasing agricultural production needs, global industrialization trends, and a heightened focus on sustainability collectively drive the expected surge in calcium nitrate sales. The global Calcium Nitrate market size is anticipated to reach nearly 15.6 million tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Calcium Nitrate. The Asia Pacific region holds a strategic position to sustain its leadership in the Calcium Nitrate market owing to several pivotal factors. With populous countries like China and India driving extensive agricultural activities to meet growing food demands, the demand for high-quality fertilizers, including calcium nitrate, remains robust. The region's rapid industrialization and urbanization further contribute to its dominance, with calcium nitrate's vital role as a concrete accelerator in high demand for construction projects. Additionally, the escalating focus on sustainable agriculture aligns with calcium nitrate's role as an eco-friendly fertilizer, propelling its adoption in the region. The Asia Pacific's burgeoning water treatment sector, driven by environmental concerns, also augments the demand for calcium nitrate. As a result, the region stands as a linchpin in shaping global trends in agriculture, construction, and environmental sustainability through its continued leadership in the Calcium Nitrate market.
Based on the end-user industry, the global Calcium Nitrate market is divided into Fertilizers, Waste Water Treatment, Concrete, and Others. However, Fertilizer industry dominates the global Calcium Nitrate market. Calcium nitrate serves as a beneficial fertilizer with soil-refreshing effects and essential plant nutrients. It enhances the absorption of nutrients, breaking the bond of clay particles in the soil and preventing their compression. This separation maintains soil porosity, facilitating water and oxygen movement vital for robust plant growth. The fertilizer's advantages include improved productivity and product quality, heightened disease and pest resistance, enhanced durability during transportation, prolonged storage life for fruits, and efficient absorption of calcium and nitrate.
Major players in the Global Calcium Nitrate market are Yara International ASA, Sterling Chemicals, Wentong Potassium Salt Group, Nutrien, Jiaocheng Sanxi Chemical, URALCHEM, ADOB Chemical, Haifa Chemicals Ltd, Agrium, and GFS Chemicals, Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Calcium Nitrate which covers production, demand and supply of Calcium Nitrate market in the globe.
• To analyse and forecast the market size of Calcium Nitrate
• To classify and forecast Global Calcium Nitrate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Calcium Nitrate market in the globe.
To extract data for Global Calcium Nitrate market, primary research surveys were conducted with Calcium Nitrate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Calcium Nitrate market over the coming years.
ChemAnalyst calculated Calcium Nitrate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Calcium Nitrate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Calcium Nitrate manufacturers and other stakeholders
• Organizations, forums and alliances related to Calcium Nitrate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Calcium Nitrate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Calcium Nitrate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
9.7 million tonnes
Market size Volume in 2032
15.6 million tonnes
Growth Rate
CAGR of 4.80% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Fertilizers, Waste Water Treatment, Concrete, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Calcium Nitrate in terms of volume in 2022?
Ans:
The global market size of Calcium Nitrate had reached approximately 9.7 million tonnes in 2022.
Q2.
Which region is the major consumer of Calcium Nitrate?
Ans:
Asia Pacific region is the leading consumer of Calcium Nitrate globally.
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