Calcium Nitrate Market to be Boosted by Consistently Developing Worldwide Demand for Grain Crops Coupled with Expanding Demand for Wastewater Treatment in Rising Economies
Calcium nitrate, also called Norgessalpeter (Norwegian saltpeter), is a light gray granular solid that absorbs humidity present in the air, and is usually found in the form of a tetra hydrate. It acts as an oxidizing agent, and is dissolvable in water and liquor. Calcium nitrate is industrially obtained by treating limestone with weak nitric corrosive. It is created during the absorption of nitrogen oxide by milk of lime.The global calcium nitrate market was estimated at US$7.37 billion in 2013 and is expected to reach US$10.18 billion in 2020, growing at a CAGR of 4.8% between 2014 and 2020. On the basis of volume, the global calcium nitrate market stood at 14,602.1 kilo tons in 2013.
Fertilizers Application Segment: The Most Swiftly Growing Segment in the Calcium Nitrate Market
In terms of application, the global calcium nitrate market has been segmented into wastewater treatment chemicals, fertilizers, explosives, concrete manufacturing, and others. On the basis of volume, fertilizers are expected to be the largest and fastest growing segment of the calcium nitrate market. The fertilizers application segment accounted for more than 50% of the total share of the calcium nitrate market in 2013. Explosives were the second-biggest segment of the worldwide calcium nitrate market in 2013 and held a significant market share around the same time. The others segment includes regenerable cold packs and molten salts.
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Calcium is a fundamental nutrient participating in the development of plant tissues. A sufficient supply and uptake of calcium guarantees longer shelf life of crops in horticulture. The fertilizers based on Calcium nitrate are not lost to the surroundings like urea-based fertilizers or ammonia. Moreover, calcium nitrate-based fertilizers do not sour the soil or comprise chlorides or heavy metals, and remain unaffected during temperature changes; hence, these nutrients are accessible whenever the conditions are unfavorable.
Asia-Pacific to Dominate the Calcium Nitrate Market
The global calcium nitrate market, based on geography, is segmented into North America, Europe, Asia-Pacific, and Rest of the world. In 2013, Asia Pacific accounted for nearly 55% share of the market on the basis of volume. Followed by Europe and North America, Asia Pacific was the biggest market for calcium nitrate. Fertilizers registered highest growth in Asia Pacific due to rise in demand for food crops from developing economies such as India and China. North America and Europe are predicted to exhibit moderate growth during the forecasting horizon on the basis of volume.
Consistently increasing worldwide demand for grain crops coupled with expanding demand for wastewater treatment in emerging economies is expected to augment demand for calcium nitrate. The utilization of nitrogenous fertilizers such as, calcium nitrate in grains and oilseeds is increasing because of a rise in demand for significant grains and oilseeds, such as, wheat, corn, and soybeans. As indicated by the United Nations Environment Program (UNEP), approximately 200,000 individuals are added to the world food demand consistently.
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The Food and Agriculture Organization (FAO) of the United Nations evaluates that farmland efficiency needs to increase by no less than 15% till 2020 to keep at par the worldwide food utilization at equilibrium with present level. This is predicted to boost the demand for conventional fertilizers including calcium nitrate-based fertilizers. On the hand, calcium nitrate is hygroscopic in nature and is identified as 5.1 hazard class by administrative regimes. This in turn could hamper the development of the calcium nitrate market
Some of the leading calcium nitrate market manufacturers in North America, Europe, Asia Pacific, and RoW include Agrium, Inc., Airedale Chemical, GFS Chemicals, Inc., Haifa Chemicals Ltd., Prathista Industries Limited, Rural Liquid Fertilisers (RLF), Shanxi Jiaocheng, Tianlong Chemical Industry Co., Ltd., Sterling Chemicals, Uralchem Holding PLC, Vardhaman Fertilizers and Seeds Pvt. Ltd., and Yara International ASA
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