Global Calcium Nitrate Market 2019-2023
About this market
The demand for calcium nitrate from emerging economies such as India and China are increasing at a significant rate, contributed mainly by wastewater treatment and agricultural industries. The rate of industrialization is increasing in India and China demanding for clean and safe water. This scenario will necessitate the need for treatment of water and wastewater, leading to high demand for calcium nitrate. Technavio’s analysts have predicted that the calcium nitrate market will register a CAGR of more than 5% by 2023.
Increasing demand for fertilizers
One of the major driving factors for calcium nitrate is the increasing demand for fertilizers across the globe. Calcium nitrate fertilizer contains nitrate nitrogen and calcium, which are the two essential elements needed for the development of a plant or crop.
Health hazards of calcium nitrate
Calcium nitrate is hazardous to human health if inhaled or if it meets the skin and eyes. On inhalation, it causes irritation to the respiratory tract along with coughing and shortness of breath.
For the detailed list of factors that will drive and challenge the growth of the calcium nitrate market during the 2019-2023, view our report.
The market appears to be concentrated and with the presence of few companies including Wentong Potassium Salt Group and Yara the competitive environment is quite intense. Factors such as the demand for calcium nitrate from emerging economies such as India and China and increasing demand for fertilizers across the globe, will provide considerable growth opportunities to calcium nitrate manufactures. Agencja Reklamowa Maciaszczyk, Jiaocheng Sanxi Chemical, Nutrien, Wentong Potassium Salt Group, and Yara are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented and with all companies constantly focusing improving their market positions, the competitive environment among the players is quite intense’
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