North America Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others)

North America Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others)

The North America calcium nitrate market is expected to grow from US$ 118.37 million in 2021 to US$ 152.68 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. North America constitutes developed economies such as the US and Canada, and Mexico as a developing nation. The companies are continuously enhancing the overall business processes to meet the customers' demand for high-quality services and product types in the best possible way. Growing consumption of food grains and increasing use of concrete for constructing new infrastructure and monuments in the region are the factors propelling the growth of the calcium nitrate market in North America. Further, the construction industry in North America is expanding tremendously due to a strong economy, combined with an increase in federal and state funding for public works and institutional buildings. In concrete manufacturing, calcium nitrate is used as a multifunctional additive in mortars and concrete; it serves as a fixed accelerator, plasticizer, long-term strength enhancer, and antifreeze admixture. The type of binding material and the amount of calcium nitrate used influence the properties of the concrete mixture and the strength of hardened concrete. Calcium nitrate is a water-soluble compound that has a high mixing ability, which makes it suitable for the manufacturing of explosives. It acts as a main inorganic oxidizing ingredient in an explosive composition. Also, calcium nitrate helps farmers give their plants and trees the strength needed to protect against drought, heat, salinity, and excessive sodium.

North America, especially the US, 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 North American countries, i.e., Mexico, Canada, Panama, and Costa Rica. 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 North America 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 North America 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 North America calcium nitrate market. A few of the key companies operating in the market are Nutrien; Yara international ASA; GFS Chemicals, Inc.; Haifa Group; Uralchem holding PLC; Rural Liquid Fertilisers; ProChem, Inc.; and Van Iperen International.

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