Zion 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 and Forecast, 2015 – 2021”. According to the report, the
global demand for calcium nitrate
market was valued at USD 9.05 billion in 2015 is expected to
reach USD 12.36 billion in 2021 and is anticipated to grow at a CAGR of 5.4%
between 2016 and 2021. The global calcium nitrate market stood at 15,215.40
kilotons in 2015.
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Calcium nitrate is an inorganic compound of nitrogen and
calcium which is produced in a granulated form. Calcium nitrate is a colorless
salt obtained by treating limestone with weak nitric acid. It is widely used as
a nitrogen fertilizer in agriculture, and waste-water treatment. Calcium
nitrate prevents odor in wastewater by creating an anoxic biology, which stops
the metabolism of odor-producing sulfates.
The calcium nitrate market is mainly driven by rising demand
for grain crops coupled with strong demand for wastewater treatment in emerging
economies. According to the United Nations Environment Program (UNEP), about
200,000 people are added to the world food demand every day. Moreover, calcium
nitrate is also used in wastewater treatment. Water quality is emerging as an
important issue in developing countries such as India and China. Thus,
increasing demand for calcium nitrate in wastewater treatment industry is
further expected to boost the market demand in the coming years. However,
calcium nitrate may cause some problems because of its hygroscopic nature.
Thus, its high hygroscopic nature coupled with increasing healthcare awareness
regarding its hazardous properties is restraining factors. Nonetheless, calcium
nitrate has been used for past few years as molten salt in solar power tower.
Growing CSP market is anticipated to act as the opportunity for calcium nitrate
market in the coming years.
Calcium nitrate has a number of applications in various
industries such as fertilizers, concrete manufacturing, explosives, wastewater
treatment, and other applications. A fertilizer was the leading application
segment and it accounted for over 50% market share of total consumption in
2015. The use of nitrogenous fertilizers such as calcium nitrate in oilseeds
and grains is rising owing to an increase in demand for grains and oilseeds
such as soybeans, wheat, and corn. Thus, fertilizer segment is expected
to exhibit noticeable growth within the forecast period. Wastewater treatment
is another key outlet of this market. Calcium nitrate is used to emit odor in
wastewater by producing an anoxic biology, which impedes the metabolism of
odor-producing sulfates.
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Asia-Pacific was the largest regional market led by China
and India. In addition, these countries are also expected to witness
significant growth in consumptions of calcium nitrate in the years to come.
Water quality is emerging as an increasingly important issue in developing
countries especially in India and China. Thus, Asia-Pacific is expected to
witness the fastest growth over the next few years. North America was another
leading segment and is expected to exhibit significant growth in the year to
come.
Global calcium nitrate is moderately consolidated in nature.
Some of the key players in the market such as ADOB Chemical(Poland), Wentong
Group (China), The Chemical Company (U.S.), URALCHEM (Russia), Airedale
Chemical (UK), GFS Chemicals, Inc. (U.S.), SHANXI JIAOCHENG TIANLONG CHEMICAL
INDUSTRY CO., LTD (China), Agrium (Canada), Yara International ASA (Norway),
Haifa Chemicals Ltd. (Israel) and Sterling Chemicals (India) among others.
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This report segments of the calcium nitrate market as
follows:
Global Calcium Nitrate Market: Application Segment
Analysis
·
Wastewater Treatment
Chemicals
·
Fertilizers
·
Concrete Manufacturing
·
Explosives
·
Others
Global Calcium Nitrate Market: Regional Segment Analysis
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
The Middle East and
Africa
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