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The calcium nitrate market share is expected to increase by USD 2.79 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.35%. This calcium nitrate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The calcium nitrate market report also offers information on several market vendors, including AKO KASEI Co.Ltd., Barium and Chemicals Inc., Noah Technologies Corp., Nutrien Ltd., San Corp., Shanxi Dongxing Co. Ltd., Spectrum Chemical Manufacturing Corp., Sterling Chemicals, Wentong Potassium Salt Group Co. Ltd., and Yara International ASA among others. Furthermore, this report extensively covers calcium nitrate market segmentation by application (fertilizers, wastewater treatment, explosives, concrete, and others) and geography (APAC, North America, Europe, South America, and MEA).
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The increasing demand for fertilizers is notably driving the calcium nitrate market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the calcium nitrate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Calcium Nitrate Market Driver
The growing need for fertilizer around the world is one of the primary drivers of the global calcium nitrate market. Calcium nitrate fertiliser contains both nitrate nitrogen and calcium, which are two vital nutrients for a plant's development. crop's This fertilizers is the best option for fertilising any type of soil and under any weather conditions. Calcium nitrate is a fast-acting fertilizer that takes four to six weeks to breakdown in the soil. The increased number of agricultural activities seen around the world as a result of population growth is predicted to boost fertiliser demand over the forecast period.As the world's population grows, so does the demand for food, and the diminishing of arable land as a result of industrialization and urbanization presents a growth opportunity for agricultural fertilizer to boost production per hectare. Over the past 40 years, a one-third decrease in arable land has been witnessed. The increase in the global population is expected to give rise to 70% more food demand by 2050, which will require another 34 million square kilometers of new arable land, which is larger than Africa. Developing nations such as China, India, and Brazil will require an additional 120 million hectares of land to fulfill the demand for food grains by 2030. The decrease in the amount of arable land is expected to give rise to the need for high crop yield from the existing arable land, which is expected to drive the demand for fertilizers such as calcium nitrate during the forecast period.
Key Calcium Nitrate Market Trend
The use of improved methods for reducing carbon dioxide during cement manufacturing is another factor supporting the global calcium nitrate market share growth. Large amounts of carbon dioxide are generated during the manufacturing of cement due to the combustion of fossil fuels. Calcium nitrate is a functional ingredient used in the production of concrete, which entails the usage of cement. Cement manufacture is responsible for 2% to 3% of worldwide carbon dioxide emissions from industrial and energy sources. When clinker, a component of cement, is manufactured, carbon dioxide is released as a by-product. As a result, cement manufacturers are implementing the following new techniques to reduce carbon dioxide emissions. Alternative energy sources are substitute clinker capture and storage of CO2. For the production of cement, manufacturers are focusing on lowering the use of fossil fuels and shifting to the use of alternative fuels such as biomass fuels. The adoption of these new technologies to reduce carbon emissions is expected to increase cement manufacturing as countries such as China aim to reduce cement manufacturing to combat environmental pollution. Thus, rising cement manufacturing will lead to increased concrete manufacturing, thereby boosting the demand for calcium nitrate.
Key Calcium Nitrate Market Challenge
The health hazards of calcium nitrate will be a major challenge for the global calcium nitrate market share growth during the forecast period. If calcium nitrate is inhaled or comes into touch with the skin or eyes, it can be harmful to one's health. It irritates the respiratory tract, causing coughing and shortness of breath when inhaled. When breathed, calcium nitrate can irritate the gastrointestinal tract, causing symptoms such as nausea, vomiting, and diarrhoea. Calcium nitrate causes irritation, redness, itching, and pain when it comes into contact with the skin. It causes inflammation, redness, and pain when it comes into contact with the eyes. When the eye is exposed to significant amounts of calcium nitrate, it can cause vision loss. Calcium nitrate is not combustible as it is a strong oxidizer, and it enhances the combustion of other substances. On exposure to air, it can react with reducing agents or other combustible substances and cause ignition. When calcium nitrate is exposed to open flames or catches fire, it can release poisonous gases such as nitrogen oxide and calcium oxide. Therefore, overall, these factors are expected to pose a challenge to the growth of the global calcium nitrate market during the forecast period.
Technavio categorizes global calcium nitrate market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the calcium nitrate market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the calcium nitrate market encompasses successful business strategies deployed by the key vendors. The calcium nitrate market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The calcium nitrate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the calcium nitrate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global commodity chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufactures to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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