According to the recent study the calcium nitrate market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 5% to 7% from 2023 to 2028. Growth in this market is primarily driven by increase in demand from agro-chemicals, rapid growth of the water and waste water treatment chemicals sector, and increase in geriatric population.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in calcium nitrate market by product type (liquid, melt, and crystals), application (fertilizers, wastewater treatment chemicals, concrete manufacturing, and explosives), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Liquid market is expected to remain the largest segment during the forecast period.”
Based on product type, the calcium nitrate market is segmented into liquid, melt, and crystals. Lucintel forecasts that the liquid market is expected to remain the largest segment due to the increasing need of waste water treatment facilities, rise in trends for implementing eco-friendly fertilizer methods, and the escalating demand for food across the world.
“Within the calcium nitrate market, the fertilizers segment is expected to remain the largest application”
Based on application the fertilizers segment is expected to witness the highest growth over the forecast period due to because calcium nitrate is widely used in agriculture as a fertilizer ingredient, and wider applications in horticulture as it improves fruit quality and is less sensitive to bitter pit and blossom end rot and shelf-life.
“Asia pacific will dominate the calcium nitrate market in near future”
APAC will remain the largest region due to the rising demand for fertilizers in agriculture and growing application in waste water treatment facilities in developing countries, like China, Japan, and India.
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Major players of calcium nitrate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Yara International ASA, URALCHEM JSC, Sasol, Agrium, Jiaocheng Sanxi Chemical Co., GFS Chemicals, Sterling Chemicals, and Haifa Chemicals are among the major calcium nitrate providers.
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