Global Calcium Nitrate Market 2024–2033

Reports Description

The CMI Team’s most recent market research predicts that from 2024 to 2033, the global calcium nitrate market will grow at a CAGR of 5.2%. 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

Calcium nitrate, often known as Norgessalpeter (Norwegian salpeter), is an inorganic nitrate salt and calcium salt having the formula Ca (NO3)2x. The chemical compound is created by treating limestone with nitric acid and then neutralizing the solution with ammonia.

Using milk of lime to absorb nitrogen oxide can also yield calcium nitrate. Calcium nitrate has a wide range of applications in industries such as agriculture and water treatment. The calcium nitrate market is driven by growing demand for fertilizers, sustainable agriculture practices, a rise in greenhouse and hydroponic farming, increasing awareness regarding soil health and rising government initiatives.

However, the high production cost and environmental concerns might hamper the market’s growth over the forecast period.

• According to the figure given by the Fertilizer Association of India, in 2023, the consumption of Urea in India is estimated at around 35.73 million MT, whereas DAP accounted for 10.53 million MT.

Calcium Nitrate Market: Growth Factors

High benefits of calcium nitrate

The primary advantages of utilizing calcium nitrate for water treatment are its cost, storage safety, chemical properties, and capacity to inhibit the development of hydrogen sulfide. Calcium nitrate is inexpensive to purchase in quantity, making it a viable long-term alternative for large-scale wastewater treatment applications.

Furthermore, while long-term exposure to calcium nitrate can harm people, it is not toxic to most storage materials. It is not combustible, making storing on-site in fiberglass or plastic tanks safe. Additionally, calcium nitrate is soluble in water and non-volatile, so it will remain in wastewater until the bacteria in the water consume it. Thus, these benefits of calcium nitrate spurring the calcium nitrate market expansion.

Increasing application in several industries

The growing application in several sectors, such as water treatment and agriculture, positively drives the growth of the calcium nitrate market. Adding calcium nitrate to water enhances its nitrate content. Nitrate is a pollutant in drinking water that is related to rapid heartbeat, dizziness, weakness, and fatigue.

Other measures may be required to remove nitrate from water and make it safe to drink. Furthermore, the most common application of calcium nitrate is in certain fertilizers.

Plants employ the nitrate in calcium nitrate to produce proteins for healthy growth, while calcium is required to keep plant cell walls together and extend shelf life. Calcium nitrate is utilized in both large-scale agricultural and commercial gardening applications. Calcium nitrate can also be utilized as a coagulant in latex manufacturing and molten salt mixes.

Calcium Nitrate Market: Recent Development

The calcium nitrate industry adopted several strategies, including product launches, acquisitions, collaboration, and expansion. Some of the company strategies include:

• In April 2021, FBSciences announced 3 new products to complete its 6-product calcium nitrate (CN) Compatible lineup. Building on the proven performance and success of the first 3 products in this line, ZiCAN™, BorCAN™, and ManCAN™ Soil, FBSciences Inc. is expanding the line to include 3 new CN Compatible products specifically formulated to be compatible with YaraLiva® calcium nitrate fertilizers.

• In February 2024, Nutrien focused on strategic partnerships and acquisitions to strengthen its market position. Nutrien collaborated with a Chinese company to improve its Asia-Pacific manufacturing capabilities and distribution network.

These product launches and collaboration strategies have expanded the company’s market presence in the calcium nitrate industry and gained its competitive edge. 

COMPARATIVE ANALYSIS OF THE RELATED MARKET

 Calcium Nitrate Market: Challenge

Increasing health concerns

Direct and long period exposure to calcium nitrate can pose health hazards and hinder market growth. Calcium nitrate’s Safety Data Sheets (SDS) describe that extended exposure to calcium nitrate can cause respiratory irritation, ulcers, and skin burns.

The material is classified as hazardous if it comes into contact with the skin, eyes, or respiratory system, highlighting the importance of handling it cautiously and following safety precautions. In addition, skin contact with the chemical is regarded to provide a low risk of skin penetration and associated issues. Thus, the increasing health concerns might be a major threat to the growth of the calcium nitrate sector.

Calcium Nitrate Market: Category-Wise Insights

By Form:

The crystal segment is expected to dominate the market. Calcium nitrate crystals are commonly used as a nitrogen fertilizer in agriculture due to their high water solubility, allowing plants to absorb them quickly. These crystals are simple to handle and apply, making them suitable for soil and foliar treatments.

They provide an easily accessible source of calcium and nitrogen, both of which are necessary for plant growth. Calcium nitrate crystals are versatile and can be used on various crops, increasing output, quality, and resistance to environmental stressors.

Besides, the liquid segment is growing at a rapid rate. Liquid formulations are convenient and easy to administer, especially in hydroponic and fertigation systems that require precision nutrient delivery. Plants can readily absorb liquid calcium nitrate solutions, ensuring effective nutrient uptake and growth. They are preferred when immediate nutrient availability is required or conventional dry fertilizers are too expensive.

By Application:

The fertilizer segment captures a prominent market share in the calcium nitrate industry. The growing emphasis on sustainable farming practices promotes using fertilizers such as calcium nitrate, which does not acidify the soil and contributes to long-term soil fertility.

Besides, the water treatment segment shows a rapid expansion. To minimize water pollution and protect ecosystems, governments around the world are putting in place strict wastewater management laws. Calcium nitrate is essential for helping wastewater treatment plants comply with these rules, notably in managing smells and eliminating nutrients such as nitrogen and phosphorus.

Report Scope

Calcium Nitrate Market: Regional Analysis

Europe dominates the calcium nitrate market. The growth in the region is attributed to the rising demand for fertilizers. Europe has a well-established agricultural sector, particularly in France, Germany, and Spain, with a significant demand for efficient fertilizers such as calcium nitrate.

Calcium nitrate increases crop yields, particularly in high-value crops like fruits and vegetables, which are widely grown throughout the region. Furthermore, the increasing focus on sustainable agriculture and growing investment propel the market growth.

However, the Asia Pacific region is growing significantly in the global calcium nitrate industry owing to the rising agricultural sector and the growing use of fertilizers, especially in areas like India and China.

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