Calcium nitrate, a crystalline, odorless salt, has high moisture absorption and is commonly found as tetrahydrate. Calcium nitrate is produced by reaction of calcium carbonate and nitric acid lime stone is the commonly used source of carbonate. The compound is also produced as a byproduct during the production of calcium phosphate. Ammonium nitrate and calcium hydroxide are among other chemicals employed in the production of calcium nitrate.
Calcium nitrate is a compound of calcium and nitrogen, two of the foremost nutrients required for plant growth owing to which, calcium nitrate is among the dominant type of nitrogenous fertilizers. Other applications of calcium nitrate include water treatment, corrosion inhibitors and explosives components among others. Fertilizers application segment dominates the global demand for calcium nitrate and the trend is expected to continue during the forecast period.
Calcium nitrate dissolves readily in water and provides plants with two of the essential elements for growth hence acts as a double growth energy fertilizer. Calcium nitrate has the ability to absorb air moisture and also leads to increased soil fertility. Moreover calcium nitrate can be employed to improve yield for nearly all type of crops and plants. Owing to several benefits over the traditional substitutes, demand for calcium nitrate for agricultural uses has been driving the growth of calcium nitrate market. Increasing disposable income and aging population leading to increase in gardening and growth in demand for home grown vegetables are among other major factors driving demand for calcium nitrate. Horticulture applications are expected to drive the demand for calcium nitrate during the forecast period.
Demand for calcium nitrate is profoundly dependent on demand for food in any region hence demand for calcium nitrate in a region can be directly attributed with population growth rate leading to increasing demand for food. Increasing population and growing disposable income are among other major factors fuelling growth for calcium nitrate market. However calcium nitrate is unstable and a strong oxidizing agent hence has to be handled with extreme care which is a major factor restraining growth for calcium nitrate market growth. Emerging economies in Africa and Latin America are expected to offer huge growth opportunity for calcium nitrate market.
Asia Pacific region dominates the global demand for calcium nitrate both in terms of consumption and production. Asia Pacific comprises of two of the largest nations in terms of population namely India and China. India and China are also among the major emerging economies in terms of GDP growth rate and increasing disposable income. Asia Pacific region is expected to be the fastest growing region for calcium nitrate during the forecast period. North America was the second largest consumer for calcium nitrate in 2012.Calcium nitrate market in North America and Europe is anticipated to grow at a sluggish rate primarily owing to saturation in end user industries. Increasing demand for home grown food and gardening is expected to drive market growth in North America and Europe. Increasing investment in agricultural sector in Africa and Latin America countries is foreseen to drive market growth in RoW region and offer huge growth opportunity for the Market.
Calcium nitrate market is a price sensitive market dominated by few global companies and is characterized with high degree of competition. Major players in calcium nitrate market include Barium & Chemicals, Inc, GFS Chemicals, Inc., NOAH Technologies Corporation, Alfa Chemical Corp, Yara International ASA and Coromandel International Ltd. among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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