Calcium Nitrate Market Global Trends, Share, Industry Size, Growth, Opportunities and Forecast to 2024
Date: 2019-01-21   Author: Ronak Bora  Category: #market

Calcium Nitrate Market Global Trends, Share, Industry Size, Growth, Opportunities and Forecast to 2024

Asia Pacific calcium nitrate market will be growing with maximum CAGR over the forecast timeframe. Europe is the third-largest consumer of calcium nitrate with large end-user industries. The thermal energy industry is estimated to be a major consumer of calcium nitrate based molten salts in Europe. Molten salts technology is employed along with intense solar power for use in electricity generation at a later stage. It allows solar power to generate electricity on a more constant basis. Germany, France, Italy, Spain and the U.K. are the key markets for calcium nitrate in the region. Together, these account for a major share of the calcium nitrate market in terms of revenue.
 

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Calcium Nitrate Market size is forecast to exceed USD 12.6 billion by 2025; according to a new research report by Global Market Insights, Inc. Water treatment chemicals are gaining prominence across the globe due to the increasing problem of wastewater disposal across the nations which have witnessed exponential growth in industrialization in past two decades. Calcium nitrate is used in wastewater treatment for preventing odor emission. Water is required to be treated to restrict suspended solid particles and prevent proliferation of bacteria, virus, and protozoa. Global demand for clean water has been increasing at a steady pace due to concerns associated with the environmental impact of biological contaminates and more stringent manufacturing requirements in process water.

The wastewater disposal regulations have not been implemented seriously across Asia Pacific (excluding Japan and South Korea). Moreover, the stress on Asia Pacific’s water resources has been rapidly intensifying with the rise in population and growing urbanization rates. The decrease in fresh water resources coupled with insufficient water infrastructure for treating wastewater, is likely to create demand for waste-water treatment facilities and chemicals in nations such as India, China, Sri Lanka and Bangladesh. This, in turn will be positively influencing calcium nitrate market in the coming years.

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Fertigation grade calcium nitrate market will be expanding with a prominent CAGR during the forecast period. Fertigation is the process of supplying fertilizers and other nutrients to the crops in irrigation water. Fertigation grade calcium nitrate has high content calcium and helps in improving calcium deficiency of crops.
 

Concrete manufacturing will be a growing segment in global calcium nitrate market during the forecast period. Many different additives (including calcium nitrate) are used in the contemporary manufacturing process to improve the handling and the concrete properties. Calcium nitrate is used to promote rapid setting of concrete and mortar. It can be used with all types of concrete; wherein faster setting times are required. It can be used as concrete admixture in various ways, including as a long-term strength enhancer, as an antifreeze ad mixture or winter concreting admixture and as inhibitor against chloride induced corrosion of steel. Additionally, the product is a cost effective and environment friendly inhibitor unlike established inhibitors such as calcium nitrite.
 

Giant multinational players are operating in the calcium nitrate market. Some major players working in the industry include Yara International ASA, Agrium Inc. and Sterling Chemicals. Companies in calcium nitrate industry are involved in forward and backward integration of their business to meet product demand at minimal costs. For instance, in June 2012, GFS Chemicals, Inc. expanded its Columbus facility to manufacture cerium intermediates to backward integrate its domestic production operations. Companies are also involved in geographic expansion, e.g., in April 2017, Haifa Chemicals Limited opened its new subsidiary in Colombia as Haifa Colombia SAS. It will serve the local distributors with plant nutrition solutions and will aid the company in capturing new market in Colombia.
 

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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