Calcium Nitrate Market Analysis

Calcium Nitrate Market Analysis

Agriculture accounted for over 30% in global calcium nitrate market in 2017, both in terms of volume and value. Agriculture grade calcium nitrate is used as fertilizer ingredient to moderate impact of soil acidity. It aids in improving fruit quality and shelf-life. It can be used for crops grown in open fields. Calcium nitrate demand in greenhouses shall witness prominent gains from 2018 to 2025. This product grade will experience risen demand from areas where greenhouse cultivation is prominent and is likely to grow in the coming years.

The most important application segment of global calcium nitrate market in 2017 was fertilizers. This application segment generated revenue more than USD 3 billion in the same year. The segment shall expand with prominent CAGR during the forecast year owing to the fact that calcium nitrate is widely used as fertilizer ingredient in agriculture industry. Calcium nitrate fertilizers contain nitrogen and calcium, which are important nourishment elements for plants. These increase yield and quality, extend the storage life of fruits, and build up resistance to disease and pests. High calcium nitrate fertilizers consumption in Latin America and Asia Pacific countries to meet their respective food production shall fuel product demand during the forecast timespan. Other key application sectors of calcium nitrate include wastewater treatment, concrete manufacturing and explosives. A calcium nitrate-based fertilizer enhances the uptake of magnesium, potassium, and calcium from the soil. In addition, calcium nitrate is used for medicinal purposes in cooling baths, as a component in the manufacture of concrete, and in wastewater treatment.

Calcium nitrate is actively used to suppress the formation of odor in sewer networks and municipal wastewater treatment. The foul odor emanates primarily due to the release of hydrogen sulfide. Hydrogen sulfide production in sewers is associated with corrosion of concrete and metals, operational problems in wastewater treatment plants (WWTP), as well as with hygiene and odor problems. Addition of calcium nitrate in septic wastewater oxidizes biologically dissolved sulfide via autotrophic denitrification by sulfur-oxidizing denitrifying bacteria. Additionally, presence of calcium nitrate increases oxidation reduction potential, inhibiting the production of any odorous compounds under anaerobic conditions.

Asia Pacific accounted close to 45% of the global calcium nitrate market share in 2017. The region will witness maximum gains in terms of value and volume in the coming years. China and India are likely to be the major consumers of calcium nitrate in Asia Pacific due to rising demand in the domestic fertilizer industry in the countries. Food demand is rising due to growing population. Better agriculture products are required to cater to this increasing demand. This, in turn, shall drive product demand for fertilizers over the forecast duration. North America and Europe have been losing their market share to emerging economies of Asia Pacific and Latin America. Demand for calcium nitrate fertilizers is anticipated to increase in Latin America due to significant growth in the agricultural industry, particularly in countries such as Brazil, Argentina and South Africa.