Global calcium nitrate market expected to reach USD 12.36 billion in 2021, growing at a CAGR of 5.4% between 2016 and 2021.
Sarasota, FL -- (SBWIRE) -- 02/20/2017 -- Zion Market Research has published a new report titled "Calcium Nitrate Market by Application (Wastewater Treatment Chemicals, Fertilizers, Concrete Manufacturing, Explosives and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". According to the report, the global demand for calcium nitrate market was valued at USD 9.05 billion in 2015 is expected to reach USD 12.36 billion in 2021 and is anticipated to grow at a CAGR of 5.4% between 2016 and 2021. The global calcium nitrate market stood at 15,215.40 kilo tons in 2015.
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Calcium Nitrate, also referred as Norwegian saltpeter is the inorganic compound. The molecular formula of calcium nitrate is Ca (NO3)2. This is the colorless salts compound commonly found as tetra hydrate and absorbs moisture from air. Calcium Nitrate is mostly used in agriculture as fertilizer, in waste water treatment for prevention odour emission, in concrete production as accelerating admixtures, in latex production as coagulant and in solar power as molten salt.
Calcium nitrate market is classified on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among all these segments, Asia Pacific was dominated the calcium nitrate market with 54.6% market share in 2015. Asia Pacific calcium nitrate market is driven by new initiatives of governments in agriculture sector and increasing demand for calcium nitrate market. Asia Pacific is expected to generate new opportunities in forecast period and projected to maintain its dominance in coming years with rising demand for food crops.
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North America was a second largest segment in calcium nitrate market and it was accounted for 18.5% market share in 2015. In forecast period, North America calcium nitrate market is expected to show significant growth for calcium nitrate market as a result of to increasing population coupled with increase in per capita consumption and increasing use of fertilizers.
Europe was leading segment in fertilizer market with more than 45% share thus European calcium nitrate market is projected to grow at healthy growth rate in forecast period as a result of increasing use of calcium nitrate in wastewater treatment. Around 70% of the population in Northern and Central Europe is connected to a wastewater treatment plant therefore demand for calcium nitrate is very high in Europe.
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In 2015, Brazil was the largest calcium nitrate market in Latin America and it is due to increasing use of fertilizer for the production of coffee and sugar cane. It is expected to remain dominant in forecast period due to high demand and increasing development in agricultural sector. Middle East & Africa calcium nitrate market is predicted to show noticeable growth in coming years due to high demand for fertilizers.
The key players of ADOB Chemical(Poland), Wentong Group (China), The Chemical Company (U.S.), URALCHEM (Russia), Airedale Chemical (UK), GFS Chemicals, Inc. (U.S.), Shanxi Jiaocheng tianlong chemical industry co.ltd (China), Agrium (Canada), Yara International ASA (Norway), Haifa Chemicals Ltd. (Israel) and Sterling Chemicals (India) among others.
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This report segments of the calcium nitrate market as follows:
Global Calcium Nitrate Market: Application Segment Analysis
-Wastewater Treatment Chemicals
Global Calcium Nitrate Market: Regional Segment Analysis
-Middle East and Africa
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