The global calcium nitrate market exhibits a moderately concentrated vendor landscape, mainly due to the presence of numerous small and medium-scale regional companies, notes Transparency Market Research on the basis of a recently published report. As per this study, most companies are focused on increasing product manufacturing capacities and setting up new business units in several emerging economies located in Asia Pacific. Participating in mergers & acquisitions, expansion of product portfolios, and achieving product differentiation also are key schemes implemented by many businesses in the global calcium nitrate market. A lot of focus is being imparted on bringing about extensive innovations in the production techniques used to manufacture the nitrate compound. In this way, the companies are striving hard towards making quality products in this market.
Vardhaman Fertilizers and Seeds Pvt. Ltd., Agrium, Inc., Yara International ASA, GFS Chemicals, Inc., Airedale Chemical, Rural Liquid Fertilisers (RLF), Haifa Chemicals Ltd., Prathista Industries Limited, Shanxi Jiaocheng, Uralchem Holding PLC, Tianlong Chemical Industry Co., Ltd., and Sterling Chemicals, are key players operating in the global calcium nitrate market.
According to market experts, this market had gained revenue worth US$7.37 bn in 2013, and is further expected to grow up to US$10.18 bn by 2020. This growth is projected to occur at a decent CAGR of 4.8% during the forecast period from 2014 to 2020. Regarding the volume, the global calcium nitrate market was at 14602.1 kilo tons in 2013.
Rising Demand of Calcium Nitrate in Various Industries Augments Growth
A gradually rising demand for grain crops to satisfy food demands all over the globe is increasing the demand for quality fertilizers that can be used in agricultural activities. As calcium nitrate fertilizers are known to provide adequate soil nutrition to enable proper growth of crops, the associated market is being driven substantially since numerous decades. A high consumption of calcium nitrate fertilizers owing to their easier availability is also leading towards a positive growth curve attained by the calcium nitrate market.
Apart from fertilizers, calcium nitrate is also used extensively for waste-water treatment activities, manufacturing of concrete, production of explosives, and in many sectors. Corresponding to these applications, a rising need for clean and fresh water, rampantly developing construction industry, and rapidly advancing military and defense sectors, has also been responsible for driving the global calcium nitrate market.
Environmental Concerns Regarding Pollution Dampen Growth
However, the market is largely being hindered owing to rising environmental concerns that involve the harmful effects caused to the environment by calcium nitrate. These effects either maybe due to the direct contact of calcium nitrate with natural elements, or might occur in the context of manufacturing processes employed during the compound’s production. Such pollution might largely affect land as well as water bodies, depending on where the calcium nitrate product was used. Shortage of raw materials in remote as well as underdeveloped regions might make it difficult to manufacture the compound, thereby restricting the global calcium nitrate market too. Nevertheless, efforts are being taken by several companies to produce eco-friendly substances containing calcium nitrate. This is expected to substantially dilute the restraints affecting the global calcium nitrate market.
The review presented is based on the findings of a TMR report, titled, “Calcium Nitrate Market for Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
- A high consumption of calcium nitrate fertilizers owing to their easier availability is also leading towards a positive growth curve attained by the calcium nitrate market.
- Most companies are focused on increasing product manufacturing capacities and setting up new business units in several emerging regions from Asia Pacific.
Key segments of the calcium nitrate market:
- Wastewater treatment chemicals
- Concrete Manufacturing
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207