Calcium nitrate, a
crystalline, odorless salt, has high moisture absorption and is commonly found
as tetrahydrate. Calcium nitrate is produced by reaction of calcium carbonate
and nitric acid lime stone is the commonly used source of carbonate. The
compound is also produced as a byproduct during the production of calcium
phosphate. Ammonium nitrate and calcium hydroxide are among other chemicals
employed in the production of calcium nitrate.
Calcium nitrate is a
compound of calcium and nitrogen, two of the foremost nutrients required for
plant growth owing to which, calcium nitrate is among the dominant type of
nitrogenous fertilizers. Other applications of calcium nitrate include water
treatment, corrosion inhibitors and explosives components among others.
Fertilizers application segment dominates the global demand for calcium nitrate
and the trend is expected to continue during the forecast period.
Calcium nitrate dissolves readily in water and provides plants with two
of the essential elements for growth hence acts as a double growth energy
fertilizer. Calcium nitrate has the ability to absorb air moisture and also
leads to increased soil fertility. Moreover calcium nitrate can be employed to
improve yield for nearly all type of crops and plants. Owing to several
benefits over the traditional substitutes, demand for calcium nitrate for
agricultural uses has been driving the growth of calcium nitrate market.
Increasing disposable income and aging population leading to increase in
gardening and growth in demand for home grown vegetables are among other major
factors driving demand for calcium nitrate. Horticulture applications are
expected to drive the demand for calcium nitrate during the forecast period.
Demand for calcium nitrate is profoundly dependent on demand for food in
any region hence demand for calcium nitrate in a region can be directly
attributed with population growth rate leading to increasing demand for food.
Increasing population and growing disposable income are among other major
factors fuelling growth for calcium nitrate market. However calcium nitrate is
unstable and a strong oxidizing agent hence has to be handled with extreme care
which is a major factor restraining growth for calcium nitrate market growth.
Emerging economies in Africa and Latin America are expected to offer huge
growth opportunity for calcium nitrate market.
Asia Pacific region dominates the global demand for calcium nitrate both
in terms of consumption and production. Asia Pacific comprises of two of the
largest nations in terms of population namely India and China. India and China
are also among the major emerging economies in terms of GDP growth rate and
increasing disposable income. Asia Pacific region is expected to be the fastest
growing region for calcium nitrate during the forecast period. North America
was the second largest consumer for calcium nitrate in 2012.Calcium nitrate
market in North America and Europe is anticipated to grow at a sluggish rate
primarily owing to saturation in end user industries. Increasing demand for
home grown food and gardening is expected to drive market growth in North
America and Europe. Increasing investment in agricultural sector in Africa and
Latin America countries is foreseen to drive market growth in RoW region and
offer huge growth opportunity for the Market.
Calcium nitrate market is a price sensitive market dominated by few
global companies and is characterized with high degree of competition. Major
players in calcium nitrate market include Barium & Chemicals, Inc, GFS Chemicals,
Inc., NOAH Technologies Corporation, Alfa Chemical Corp, Yara International ASA
and Coromandel International Ltd. among others.
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research report include
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- Asia Pacific
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- Rest of the World
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