Zion Market Research has published a new report titled “Calcium Nitrate Market by Application (Wastewater Treatment Chemicals, Fertilizers, Concrete Manufacturing, Explosives and Others) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 – 2026.” According to the report, the Calcium Nitrate market accounted for USD 10.3 Billion in 2019 and is expected to reach USD 16.08 Billion by 2026, growing at a CAGR of around 5.4% between 2020 and 2026.
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The calcium nitrate market is majorly boosted by increasing requirement for grain crops paired with sturdy demand for wastewater treatment in up-and-coming nations. As per the UNEP (United Nations Environment Program), almost 200,000 individuals are included to the world food demand daily. In addition to this, calcium nitrate is also employed in wastewater treatment, boosting the calcium nitrate market. Water quality is surfacing as an essential issue in developing nations such as China and India. Hence, rising requirement for calcium nitrate in wastewater treatment sector is further anticipated to drive the calcium nitrate market demand in the years to come. On the other hand, calcium nitrate may pose some issues due to its hygroscopic nature. Hence, its high hygroscopic nature paired with rising awareness of health regarding its hazardous characteristics are some of the factors limiting the growth of the calcium nitrate market. Nevertheless, calcium nitrate has been employed for last couple of years in solar power tower as molten salt, thereby driving the calcium nitrate market. Increasing CSP market is expected to act as the catalyst for calcium nitrate market in the years to come.
In addition, various mergers and acquisition by major players will also have a towering impact on the calcium nitrate market in the years to come. For example, in February 2018 Anhydrous Citrates Plant GBi’s expansion startup declares that it has stopped to be a public firm and turned into a privately held arm of the Delek Group.
Asia-Pacific was the biggest regional market headed by India and China for calcium nitrate market. Moreover, these nations are also anticipated to see noteworthy development in usages of calcium nitrate in the coming years. Water quality is surfacing as a more and more essential problem in developing nations particularly in China and India. Hence, Asia Pacific is anticipated to see the quickest development in calcium nitrate market over the years to come. North America was one more leading area in calcium nitrate market and is anticipated to show significant development in the coming years.
Major market players of calcium nitrate market comprise Wentong Group, ADOB Chemical, URALCHEM, The Chemical Company, GFS Chemicals, Inc., Airedale Chemical, Agrium, Shanxi Jiaocheng Tianlong Chemical Industry Co., Ltd, Haifa Chemicals Ltd., Yara International ASA, and Sterling Chemicals among others play an important role.
The global calcium nitrate market is segmented as follows:
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