Asia Pacific Calcium Nitrate Market
The Asia Pacific calcium nitrate market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Calcium nitrate is produced in granulated form and is mostly used as a nitrogen fertilizer in agriculture. Calcium has many important benefits for plants. It improves cell wall strength, which leads to higher-quality fruits with a longer shelf-life. Calcium also increases heat tolerance and helps to reduce the amount of heat stress experienced by plants in warmer climates. It's also used in odor-prevention wastewater pre-conditioning and set-accelerating concrete admixtures. In wastewater treatment processes, the compound induces anoxic biology in wastewater treatment to inhibit the metabolic generation of odor-creating components such as hydrogen sulfide, thus eliminating foul odors. It also induces autotrophic denitrification that aids in the biological dissolution of sulfide in septic wastewater. Further, 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. Calcium nitrate can be used in molten salt mixtures. These molten salts can be used to replace thermo oil in concentrated solar power plants for heat transfer, although they're more commonly utilized for heat storage.
In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of calcium nitrate manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for calcium nitrate during the early months of 2020. Moreover, decline in the overall fertilizers manufacturing activities has led to discontinuation of calcium nitrate manufacturing projects, thereby reducing the demand for calcium nitrate. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Strategic insights for the Asia Pacific Calcium Nitrate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 485.03 Million |
| Market Size by 2028 | US$ 641.24 Million |
| Global CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Calcium Nitrate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The calcium nitrate market in Asia Pacific is expected to grow from US$ 485.03 million in 2021 to US$ 641.24 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. Over the last few decades, there has been a tremendous migration of people from rural areas to urban areas. As a result, there has been a huge increase in demand for acceptable sanitation, safe drinking water. Many of these facilities can help reduce the number of illnesses and deaths caused by poor health. Many countries are unable to provide effective wastewater treatment, owing to a lack of infrastructure, capital, resources, space, technology, and other factors. In 2015, approximately 2.1 billion people lacked access to safe drinking water, while 4.5 billion lacked safe sanitation facilities. The market for calcium nitrate is being driven by increasing population and urbanization. Calcium nitrate provides an anoxic biology in wastewater treatment, which inhibits the metabolism of odor-causing components like hydrogen sulphide, preventing bad odours. In municipal wastewater facilities and sewage networks, calcium nitrate has shown to be effective at removing odours. Autotrophic denitrification is aided by the addition of calcium nitrate, which helps to biologically breakdown sulphide in septic wastewater. In addition, calcium nitrate increases the potential for oxidation reduction, limiting the production of odor-producing chemicals in anaerobic environments.
Based on application, the fertilizers segment accounted for the largest share of the Asia Pacific calcium nitrate market in 2020. The fertilizers segment led the Asia Pacific calcium nitrate market in 2020. Calcium nitrate is a complex, water-soluble fertilizer constituting 15.5% nitrogen (N) in a readily available form and 18.5% calcium (Ca). Calcium is one of the secondary nutrients required for crop production. It helps improve fruit color, luster, and consistency; soil structure and water penetration; and crop’s pest and disease resistance. Calcium nitrate fertilizers are the only water-soluble source of calcium available for plants. It can be used as a fertilizer as well as a disease control agent. The compound helps stabilize cell growth as well as boosts protein and leaf production by promoting cell formation. It also helps in the detoxification of plants by neutralizing acids. A few crops, especially fruiting ones such as tomatoes, may suffer from calcium deficiency due to heat and moisture stress; calcium nitrate is applied to such crops for nourishment, as well as disease prevention and treatment. Furthermore, many manufacturers are offering calcium nitrate fertilisers which improve crop quality. For instance, Yara International ASA offers YaraLiva fertilisers which are a calcium nitrate-based fertiliser range that combines fast acting nitrate nitrogen with strength-building calcium and boron, engineered for high value quality field crops to boost size, strength, appearance, and, most importantly, marketable yield.
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific calcium nitrate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Nutrien; Yara international ASA; Haifa Group; Sterling Chemicals Company, Uralchem holding PLC; Rural Liquid Fertilisers; Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd. and Van Iperen International.
The Asia Pacific Calcium Nitrate Market is valued at US$ 485.03 Million in 2021, it is projected to reach US$ 641.24 Million by 2028.
As per our report Asia Pacific Calcium Nitrate Market, the market size is valued at US$ 485.03 Million in 2021, projecting it to reach US$ 641.24 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The Asia Pacific Calcium Nitrate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Calcium Nitrate Market report:
The Asia Pacific Calcium Nitrate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Calcium Nitrate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Calcium Nitrate Market value chain can benefit from the information contained in a comprehensive market report.
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