According to IMARC Group latest report titled “Calcium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on calcium nitrate market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global calcium nitrate market is expected to exhibit a growth rate (CAGR) of 5.6% during 2023-2028.

What are calcium nitrate?

Calcium nitrate refers to an inorganic nitrate salt of calcium that is produced by applying nitric acid to limestone and ammonia. It appears as a white to light grey crystalline solid and exists in either a tetrahydrate or anhydrous state and has a tendency to absorb moisture from the surrounding atmosphere. It is primarily used in manufacturing fertilizers, explosives, pyrotechnics, fireworks, concrete, refrigerant, and matchsticks. Additionally, it is utilized in concrete formulations as a setting accelerator. It speeds up the hardening process and improves the strength and durability of the resulting concrete. It is also employed as a strong oxidizing agent and in signal flares, radio tubes, and corrosion inhibitors in diesel fuels. Besides, it also has uses in wastewater treatment, as a component in certain explosives, and as a reagent in various chemical reactions in laboratories.

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What are the growth prospects and trends in the calcium nitrate industry?

The expanding food and beverage sector is driving the global market. Along with this, the rising need for improved agricultural practices and increased crop productivity is catalyzing the growth of the market. Moreover, growing awareness of nutrient management is fuelling the market as calcium nitrate offers a readily available and easily absorbed source of calcium, making it a preferred choice for nutrient management programs. Besides, ongoing research and technological advancements are leading to the development of innovative formulations and applications of calcium nitrate, which is providing a boost to the market. Furthermore, the implementation of stringent regulations for water and wastewater treatments by the governments of various countries is creating a positive market outlook. Other factors, such as rapid urbanization and ongoing infrastructure development activities, are also influencing the market.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • GFS Chemicals Inc
  • Haifa Group
  • Nutrien Ltd.
  • ProChem Inc
  • Rural Liquid Fertilisers
  • Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd.
  • Shanxi Leixin Chemical Co. Ltd
  • Sterling Chemicals (Eastman Chemical Company)
  • Van Iperen International
  • Wego Chemical Group
  • Yara International ASA

Calcium Nitrate Market Segmentation:

Our report has categorized the market based on region, form and application.

Breakup by Form:

  • Liquid
  • Crystal
  • Granule
  • Others

 Breakup by Application:

  • Fertilizer
  • Concrete and Mortars
  • Water-treatments
  • Explosives
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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