Middle East and Africa Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others)
The Middle East & Africa calcium nitrate market is expected to grow from US$ 39.69 million in 2021 to US$ 43.65 million by 2028; it is estimated to grow at a CAGR of 1.4% from 2021 to 2028. The Middle Eastern countries look ahead for the adoption of advanced technologies and are the most highly urbanized regions. Responding toward a shift occurring in the Middle East & Africa’s economic power has positioned the Middle East firmly as a world’s fastest-growing market, including Dubai and Abu Dhabi, with an aim to turn Middle East & Africa into hubs. New investment and better marketing strategies have led to the capture of market share in the Middle East & Africa. The region is anticipated to witness moderate growth due to the growth of the end-use sectors, including agriculture, chemical, and water treatment, in the region. Calcium nitrate is actively used to inhibit odor development in sewage systems and urban wastewater treatment processes. The odor is caused primarily by the release of hydrogen sulfide. Hydrogen sulfide pollution in sewers is linked to concrete and metal corrosion, operational issues in wastewater treatment plants (WWTP), and hygiene and odor issues. The presence of calcium nitrate in septic wastewater causes sulfur-oxidizing denitrifying bacteria to oxidize biologically dissolved sulfide through autotrophic denitrification. Calcium nitrate also has more comprehensive horticulture applications, as it helps enhance fruit quality and makes them less sensitive to bitter pit and blossom end rot, thereby extending shelf life. In addition, it is appropriate for foliar applications. Thus, surge in the use of calcium nitrate in fertilizers to extend the shelf life of agriculture yields is stimulating the calcium nitrate market growth in the region.
The Middle East & Africa, especially South Africa, has witnessed an unprecedented rise in the number of COVID-19 cases, which led to the discontinuation of calcium nitrate manufacturing activities. The downfall of other chemical and material manufacturing sectors negatively impacted the demand for calcium nitrate during the early months of 2020. Moreover, the overall decline in the manufacturing activities of fertilizers has led to discontinuation of calcium nitrate manufacturing projects, thereby reducing the demand for calcium nitrate. Similar trend was witnessed in other Middle Eastern and African countries, i.e., the UAE and Saudi Arabia. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, as observed in the beginning of 2021.
Based on application, the market is segmented into fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. The wastewater treatment chemicals segment is expected to grow at the fastest CAGR during the forecast period. Calcium nitrate is actively used to prevent odor development in sewage networks and urban wastewater treatment systems. The odor is caused mainly by the release of hydrogen sulfide. Hydrogen sulfide pollution in sewers is linked to concrete and metal corrosion, operational issues in wastewater treatment plants (WWTP), and hygiene and odor issues. The presence of calcium nitrate in septic wastewater causes sulfur-oxidizing denitrifying bacteria to oxidize biologically dissolved sulfide through autotrophic denitrification. Furthermore, the compound raises the redox potential, preventing the formation of any odorous compounds under anaerobic conditions.
The overall Middle East & Africa calcium nitrate market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Middle East & Africa calcium nitrate market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Middle East & Africa calcium nitrate market. A few of the key companies operating in the market are Nutrien; Yara international ASA; Haifa Group; Uralchem holding PLC; Rural Liquid Fertilisers; ProChem, Inc.; and Van Iperen International.
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