Global Calcium Nitrate Market Size Likely to Grow at a CAGR of 5.2% By 2033

As per the current market research conducted by the CMI Team, the global Calcium Nitrate Market size is expected to record a CAGR of 5.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 13.4 Billion. By 2033, the valuation is anticipated to reach USD 20.7 Billion.

Calcium Nitrate Market: Overview

According to industry experts at CMI, calcium nitrate is a white crystalline solid highly soluble in water. Calcium nitrate is primarily used in agriculture because it simultaneously provides calcium and nitrogen.

The market revenue growth is driven by several factors, such as the increasing demand for fertilizers, the growing agriculture industry, increasing sustainable farming practices, rising government initiatives and the growing water treatment sector. However, the increasing competition from alternatives and fluctuations in raw material prices are expected to limit the penetration rate of the calcium nitrate industry.

Calcium Nitrate Market: Growth Factors and Dynamics

Growing emphasis on sustainable agriculture practices

The increasing emphasis on sustainable agriculture practices across the globe is driving market growth. Calcium nitrate is very important for sustainable agricultural practices, which promote long-term soil health, effective nutrient usage and environmental protection.

The crucial advantage of calcium nitrate compared to ammonium-based fertilizers is that they do not acidify the soil. They also improve soil structure by avoiding compaction and crusting caused by the overuse of certain fertilizers.

Rise in greenhouse and hydroponic farming

The calcium nitrate market is growing due to increased greenhouse and hydroponic farming usage. This farming practice depends on precise nutrient control. Greenhouses create a controlled environment where temperature, humidity, and fertilizer supply are precisely managed to maximize crop development. Calcium nitrate is a desirable fertilizer because it quickly provides nitrogen and calcium to plants.

Furthermore, drip irrigation and fertigation systems are commonly used in these farms, allowing for exact water and nutrient distribution.

Competition from alternatives

There is growing competition from other fertilizers that provide crops with identical or complementary benefits. This competition can impact market dynamics and growth potential as farmers decide their uses based on cost, effectiveness, environmental impact and crop requirements.

For example, urea is a very common fertilizers used in agriculture across the globe due to its high nitrogen content and cheap cost, which is in demand in developing countries where cost-effectiveness is important. Thus, the availability of alternatives may be impeding market expansion.

Report Scope

Calcium Nitrate Market: New Launches and Acquisitions

• In January 2024, Yara expanded its manufacturing facilities in the US to meet the demand for calcium nitrate fertilizers.

List of the prominent players in the Calcium Nitrate Market:

• GFS Chemicals Inc.
• Noah Technologies Corporation
• Prathista Industries Limited
• ProChem Inc
• RLF AgTech
• Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd.
• Shanxi Leixin Chemical Co. Ltd.
• Swiss Formulations
• URALCHEM JSC
• Van Iperen International
• WEGO CHEMICAL GROUP
• Yara
• Others

The Calcium Nitrate Market is segmented as follows:

By Form

• Liquid
• Crystal
• Granule
• Others

By Application

• Fertilizer
• Concrete and Mortars
• Water Treatment
• Explosives
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America