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The extensive usage of calcium nitrate in fertilizers to enhance the crop production will significantly add to calcium nitrate industry size over the coming timeframe. Global calcium nitrate market share in fertilizers is anticipated to register an annual growth rate of 4.5% over 2016-2024. Today, the use of calcium nitrate in fertilizers has risen, owing to the high worldwide demand for soybeans, wheat, and corns. For instance, the production of wheat across the globe in 2008 was estimated at nearly 680 million tons and reached up to 720 million tons in 2015.
Calcium nitrate also finds applications in explosives, molten salts, concrete manufacturing, farming, cold packs, and latex coagulants. Calcium nitrate industry value from the concrete manufacturing sector, which was worth USD 900 million in 2015, is forecast to grow noticeably over the coming years. High demand for the chemical compounds across the construction sector for enhancing the concrete properties will drive the growth.
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Geographical Trends pertaining to Calcium Nitrate Market over 2016-2024 are given below:
North America Calcium Nitrate Industry size, which was estimated at USD 1.5 billion in 2015, will exhibit a massive expansion over the coming seven years. High application of chemical compounds in explosives coupled with rising government expenditure on defense activities will significantly contribute toward the business expansion. The U.S. is expected to make substantial contributions toward the regional share.
Rising industrialization along with high requirement for increasing the crop production due to tremendous rise in population is expected to complement Asia Pacific calcium nitrate market growth, which is forecast to register an annual growth rate of 5.5 % over 2016-2024. Indonesia, China, and India are anticipated to be the key regional revenue pockets.
Market players will try to increase their profits by employing key business growth strategies such as high R&D investments and strategic mergers & acquisitions. Some of the key players of calcium nitrate market are Vardhaman Fertilizers and Seeds Private Limited, Haifa Group, Agrium Incorporation, Shanxi Jiaocheng Tianlong Chemical Industry Company Limited, Prathista Industries Limited, GFS Chemicals Incorporation, Rural Liquid Fertilizers, Sterling Chemicals Limited, Uralchem Holding PLC, Airedale Chemical, and Yara International ASA.
Browse key industry insights spread across 112 pages with 89 market data tables & 12 figures & charts from the report, “Calcium Nitrate Market Size By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC) Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents: