Sarasota, FL -- (SBWIRE) -- 07/12/2017 -- 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 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 kilotons in 2015.
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Calcium nitrate is an inorganic compound of nitrogen and calcium which is produced in a granulated form. Calcium nitrate is a colorless salt obtained by treating limestone with weak nitric acid. It is widely used as a nitrogen fertilizer in agriculture, and waste-water treatment. Calcium nitrate prevents odor in wastewater by creating an anoxic biology, which stops the metabolism of odor-producing sulfates.
The calcium nitrate market is mainly driven by rising demand for grain crops coupled with strong demand for wastewater treatment in emerging economies. According to the United Nations Environment Program (UNEP), about 200,000 people are added to the world food demand every day. Moreover, calcium nitrate is also used in wastewater treatment. Water quality is emerging as an important issue in developing countries such as India and China. Thus, increasing demand for calcium nitrate in wastewater treatment industry is further expected to boost the market demand in the coming years. However, calcium nitrate may cause some problems because of its hygroscopic nature. Thus, its high hygroscopic nature coupled with increasing healthcare awareness regarding its hazardous properties is restraining factors. Nonetheless, calcium nitrate has been used for past few years as molten salt in solar power tower. Growing CSP market is anticipated to act as the opportunity for calcium nitrate market in the coming years.
Calcium nitrate has a number of applications in various industries such as fertilizers, concrete manufacturing, explosives, wastewater treatment, and other applications. A fertilizer was the leading application segment and it accounted for over 50% market share of total consumption in 2015. The use of nitrogenous fertilizers such as calcium nitrate in oilseeds and grains is rising owing to an increase in demand for grains and oilseeds such as soybeans, wheat, and corn. Thus, fertilizer segment is expected to exhibit noticeable growth within the forecast period. Wastewater treatment is another key outlet of this market. Calcium nitrate is used to emit odor in wastewater by producing an anoxic biology, which impedes the metabolism of odor-producing sulfates.
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Asia-Pacific was the largest regional market led by China and India. In addition, these countries are also expected to witness significant growth in consumptions of calcium nitrate in the years to come. Water quality is emerging as an increasingly important issue in developing countries especially in India and China. Thus, Asia-Pacific is expected to witness the fastest growth over the next few years. North America was another leading segment and is expected to exhibit significant growth in the year to come.
Global calcium nitrate is moderately consolidated in nature. Some of the key players in the market such as 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
Fertilizers
Concrete Manufacturing
Explosives
Others
Global Calcium Nitrate Market: Regional Segment Analysis
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa