Calcium Nitrate Market Size, Share and Trends 2024 to 2034

Calcium Nitrate Market Size and Forecast 2024 to 2034

The global calcium nitrate market size is calculated at USD 14.12 billion in 2024 and is predicted to reach around USD 22.84 billion by 2034, expanding at a CAGR of 4.93% from 2024 to 2034. The calcium nitrate market growth is attributed to the increasing demand for efficient and sustainable fertilizers and rising industrial applications of calcium nitrate in construction, water treatment, and explosives.

Calcium Nitrate Market Key Takeaways

• Asia Pacific dominated the calcium nitrate market during the forecast period.
• North America is projected to host the fastest-growing market in the coming years.
• By process type, the limestone with nitric acid segment contributed the highest market share in 2023.
• By process type, the ammonium nitrate with calcium hydroxide segment is anticipated to witness significant growth during the forecasted years.
• By application, the fertilizer segment accounted for a considerable market share in 2023.
• By application, the water-treatment segment is anticipated to grow with the highest CAGR during the forecast period.

Impact of Artificial Intelligence (AI) on the Calcium Nitrate Market

AI solutions in the calcium nitrate market improve precision farming methods, increase economic efficiency in the use of fertilizers increase the yield of agricultural products, and stimulate the need for nitrates in fertilizers. AI allows for improving the efficiency of manufacturing processes to control quality and minimize losses. This increases the consumption of high-purity chemicals. Furthermore, the technological change increases the reputation of the sector in adopting new technologies through the use of, new applications that open up the market for growth as a result of increased calls for sustainable and efficient production systems.

Market Overview

Increased demand for high-quality fertilizers that encourage plant growth and development in the calcium nitrate market. Calcium nitrate is recognized as a universal fertilizer containing both nitrogen and calcium needed in growing healthier vegetables and fruits besides enhancing the condition of the soil. The market for the calcium nitrate is growing demand for this chemical in the agriculture industry, especially in the horticulture and floriculture industries where there is a keen emphasis on the production of high-quality products.

Additionally, new methods of modern agricultural production based on hydroponics, and organic farming, have led to an increase in the popularity of calcium nitrate owing to its ability to dissolve in water and release nutrients. Factors such as environmental turnover and customer inclinations towards eco-friendly farming methods are present as the key influencing factors that contribute to the market.

Calcium Nitrate Market Growth Factors

• Rising demand for controlled-release fertilizers due to their efficiency in nutrient delivery, particularly in precision farming practices.
• Increasing environmental concerns pushing governments to regulate fertilizer use, promoting eco-friendly alternatives like calcium nitrate.
• Growth in construction activities, especially in emerging economies, where calcium nitrate is used in concrete and mortar production.
• Technological advancements in fertilizer production that lead to more cost-effective and environmentally friendly manufacturing processes.
• Government incentives for sustainable agriculture drive the adoption of efficient fertilizers like calcium nitrate to boost crop yields while minimizing environmental impact.
• Expanding industrial applications of calcium nitrate in water treatment, explosives, and as a stabilizer in various chemical processes.
• Development of advanced agricultural practices and the adoption of greenhouses and vertical farming, where calcium nitrate plays a key role in enhancing plant health.

Market Scope

Market Dynamics

Driver

Increasing demand for high-quality fertilizers

Increasing demand for high-quality fertilizers is projected to drive the adoption of the calcium nitrate market in agriculture. Farmers are focusing on improving crop yield and quality to meet the growing global food demand, particularly in regions with nutrient-deficient soils. World nitrogen fertilizer consumption is expected to reach 108 MMT in 2024 despite the global food demand increasing in the future. This compound is of great importance given its ability to supply demands by providing nitrogen and calcium to fruits and vegetables, thus feeding the plants while reducing incidents of diseases, such as blossom-end rot. Furthermore, precision agriculture has been on the rise creating the need for enhanced plant nutrients, especially in that geographical location with depleted soil nutrient status.

Restraint

Environmental and regulatory concerns

Stringent environmental regulations on nitrogen fertilizers are projected to limit the widespread adoption of the calcium nitrate market products. Higher nitrogen rates impact negatively soil acidity and water pollutes the environment. The European Commission is the authority that sets rules to limit the release of nitrogen and supports ecologically friendly policies. Adherence to these regulatory provisions translates into higher manufacturing expenses and modifications to formulation, thus, slow implementation across some sub-sectors. They impose this restraint to a large extent on the small-scale producers and niche markets relying heavily on high-density farming.

Opportunity

Growing emphasis on sustainable agriculture

Growing emphasis on sustainable agriculture is projected to create immense opportunities for the calcium nitrate market. Calcium nitrate fertilizers are expected to replace other nitrogen sources in principle because of the outstanding advantages of sustainable agriculture on global practices. Calcium nitrate has the capability of cutting down nitrous oxide emissions in acidic land, in addition to decreasing nitrogen leaching which is used for organic farming.  Furthermore, there is a growing availability of novel and advanced calcium nitrate compounds.  

• The Agricultural Clean Technology Program 2024 in Canada is designed to enhance advancement in agriculture while cutting greenhouse gas pollution through the application of clean technologies. 
• The Canadian Agricultural Partnership tracked 7688 participants in sustainability training programs and is targeting ten thousand by 2028 similarly, other countries are also paying attention to training farmers on sustainable farming practices. 

Process Type Insights

The limestone with nitric acid segment held a dominant presence in the calcium nitrate market in 2023, due to its effectiveness and easy availability. This method guarantees high-purity calcium nitrate for fertilizers which is important in increasing yield in agriculture to cater to increased world demands. Calcium nitrate is a requirement in the production of major fertilizers, such as ammonium nitrate, potassium nitrate, and ammonium phosphate as a source of calcium and nitrogen. Limestone is mainly a raw material reflecting its high acceptance in the market. Furthermore, Indian and Chinese governments supported the limestone method in their agriculture plans for cheap and environmentally friendly sources of fertilizer.

• In 2022, limestone ranked as the world's 912th most traded product, generating a total trade value of USD 1.17 billion, according to the Observatory of Economic Complexity (OEC). The report further revealed a 4.92% growth in limestone exports between 2021 and 2022, reflecting its rising global demand, particularly in construction and industrial applications. 

The ammonium nitrate with calcium hydroxide segment is expected to grow at the fastest rate in the calcium nitrate market during the forecast period of 2024 to 2034, owing to its effectiveness in responding to contemporary agriculture requirements and comparatively small influence on ecology. Phosphate-based practices while thereby responding to the international drive to de-pollute agriculture. Additionally, the method of formulating individual nutrient(s) has contributed to the increased use of the method in precision farming, especially in North America and Europe.

Application Insights

The fertilizer segment accounted for a considerable share of the calcium nitrate market in 2023. Calcium nitrate-based fertilizers are commonly used and hence play a very crucial role, especially in areas where the fertility of the soil is a hardship to providing for plants nutrients. The goal setting of the Europe Green Deal prompted the uptake of efficient fertilization, where calcium nitrate became a common fertilizer in the EU. Moreover, initiatives, such as India’s ‘Soil Health Card Scheme 2023’ further propagated the use of calcium nitrate for improved yield practices and also to further strengthen its market status.

The water-treatment segment is anticipated to grow with the highest CAGR in the calcium nitrate market during the studied years, owing to the ability of calcium nitrate to help reduce water pollution and improve the treatment of wastewater. Calcium nitrate finds application in odor control and prevention of the formation of hydrogen sulfide in water treatment plants. Furthermore, wastewater, in the same countries such as China and the United States, has been tightened with strict legislation thereby increasing the demand for calcium nitrate in this sector.

Regional Insights

Asia Pacific dominated the calcium nitrate market during the forecast period, due to the strong presence of farm industry in the region and growing levels of industrial output. Major consumers such as China and India also presented a high proportion of the world's demand. The use of calcium nitrate fertilizers in these countries has been occasioned by the increasing demand for food production to feed the ever-increasing population. Furthermore, calcium nitrate participates in industrial processes such as concrete production and water treatment across the Asia Pacific.

• A 2024 report from the Ministry of Agriculture & Farmers Welfare highlighted that in 2021-22, 54.8% of India's total geographical area of 328.7 million hectares was under agricultural use. This extensive agricultural footprint is anticipated to boost the demand for calcium nitrate fertilizers to support crop nutrition and productivity. 

North America is projected to host the fastest-growing calcium nitrate market in the coming years, owing to the rural fulfilments in agriculture, enhancement of legislation on the environment, and knowledge improvement in precision agriculture. It is expected that the well-established agriculture industry in the region especially the United States further facilitates the use of calcium nitrate for the nutritional needs of crops. Furthermore, the global shift to precision agriculture of nutrient-efficient fertilizers in the U.S. and Canada.

Calcium Nitrate Market Companies

• Agrium Inc.
• GFS Chemicals Inc.
• Haifa Chemicals Ltd.
• Prathista Industries Limited
• Rural Liquid Fertilizers (RLF)
• Seeds Pvt Ltd.
• Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd.
• Sterling Chemicals
• Swiss Formulations India
• Uralchem Holding PLC
• Vardhaman Fertilizers
• Yara International ASA

Latest Announcements by Industry Leaders

• July 24, 2024 – Yara
• CTO – Olivier Mussat
• Announcement - Yara, a global leader in crop nutrition, and ATOME PLC, a prominent developer of green fertilizer projects, have signed a Heads of Terms agreement for the offtake from ATOME's renewable CAN (Calcium Ammonium Nitrate) project in Villeta, Paraguay. This strategic partnership marks a significant milestone for ATOME as it advances its flagship Villeta Project, which is set to become one of the largest renewable fertilizer production facilities in the Western Hemisphere. Olivier Mussat, CEO of ATOME, expressed that the strong interest from potential off-takers in their renewable product confirms a clear path to secure final funding, reach the Final Investment Decision (FID), and begin construction at the Villeta site.

Recent Developments

• In April 2023, Nitricity Inc. launched its latest field test for electrified nitrogen fertilizer production in Madera County, California. This partnership with Olam Food Ingredients, Elemental Excelerator, and Madera/Chowchilla Resource Conservation District marked a major scale-up, delivering the first ton of Nitricity's locally-produced liquid calcium nitrate.
• In August 2022, Acron Group launched a 100,000-tpa granulated calcium nitrate unit in Veliky Novgorod, Russia, investing approximately RUB 1.5 billion. The new facility uses liquid calcium nitrate from apatite concentrate processing and produces fertilizers for agriculture and industry, including water-soluble greenhouse products.
• In July 2023, Acron's new facility in Veliky Novgorod delivered over 50,000 tonnes of calcium nitrate globally, including shipments to Russia, Latin America, Africa, India, and Southeast Asia. The facility’s products are popular in soil applications and greenhouse segments.

Segments Covered in the Report

By Process Type

• Limestone with Nitric Acid
• Ammonium Nitrate with Calcium Hydroxide
• Limestone with Nitric Acid

By Application

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

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa