Pune, India, April, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Calcium Nitrate Research Report.
Market Overview
Calcium nitrate is an inorganic compound, which has excellent water solubility and oxidizing property. Calcium nitrate is majorly used as a component in the fertilizers, explosives, and also used in several applications of wastewater treatment, concrete production, latex production, and others.
Market Segmentation
The global calcium nitrate market is segmented on the basis of the type of process and application.
On the basis of the type of process, the global calcium nitrate market can be segmented into reacting limestone with nitric acid, reacting phosphate rock with nitric acid, and reacting ammonium nitrate with calcium hydroxide. Among these, reacting limestone with nitric acid is the most frequently used method for manufacturing calcium nitrate.
On the basis of the application, the global calcium nitrate market is segmented into fertilizers, wastewater treatment, explosives, concrete, and others (latex manufacturing, regenerable cold packs, pyrotechnics). The fertilizer segment is the major consumer of calcium nitrate in 2022 and is expected to continue its dominance in the forecast period of 2022-2030 due to the rising food demand from the expanding population. Following fertilizer application, explosives are the second major consumer of calcium nitrate market due to increased defense budget mainly in North America and China in Asia Pacific region. Additionally, due to rapid industrialization and urbanization calcium nitrate market in the wastewater application is rising particularly in the Asia Pacific and Latin American region.
Calcium nitrate market is also expected to show tremendous growth potential in concrete application particularly in the Middle East region due to the ongoing infrastructural projects taken up by their government to flourish tourism industry.
Regional Analysis
Geographically, the global calcium nitrate market is divided into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America.
Asia Pacific holds the largest share of the global calcium nitrate market, in terms of market size. Countries namely, India, China, and Japan are the major contributor to the regional market owing to the rapid industrialization & urbanization, and agriculture industries in these regions. China has huge defense budget, which is expected to contribute significantly to the regional explosive application of calcium nitrate.
Following Asia Pacific, North America is the second largest region. High defense budget allocation is expected to boost the growth of the explosives market in the region, thus eventually nurture the calcium nitrate market. Europe is a substantial region in the global calcium nitrate market owing to the high consumption of fertilizers. The Middle East & Africa is estimated grow at a healthy growth rate during the forecast period on account of growing construction activities in this region. Lastly, Latin America is also expected to show rising demand for calcium nitrate in the wastewater treatment applications.
Competitive Analysis
Some of the key players operating in the global calcium nitrate market are ADOB, Yara International, Nutrien Ltd., GFS Chemicals, Inc., Sterling Chemicals., Barium & Chemicals, Blue Line Corporation., Uralchem Holding P.L.C., Haifa Chemicals ltd., Maryland Biochemical Company, LLC., and RLF Global, among others.
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Base Year | 2018 |
Companies Covered | 15 |
Pages | 131 |
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