[250 Pages Report] The calcium ammonium nitrate market is expected to grow at a CAGR of 3.5% during the forecast period ranging from 2022 to 2032. At the end of the forecast period, the calcium ammonium nitrate market is expected to be worth USD 5 Million. As of 2022, the industry is likely to be valued at USD 3.3 Million
| Report Attributes | Details |
|---|---|
| Expected Base Year Value (2021) | USD 3.3 Million |
| Projected Market Value (2022) | USD 3.54 Million |
| Anticipated Market Value (2032) | USD 5 Million |
| Global Growth Rate (2022 to 2032) | 3.5% CAGR |
It is physiologically neutral. It is manufactured in granular form and is suitable for mixing with phosphate and potassium fertilizers. In comparison with ammonium nitrate, calcium ammonium nitrate has better physical-chemical properties, less water-absorbing and caking characteristics, and can be stored in stacks. It is most commonly used as a fertilizer.
Fertilizer grade calcium ammonium nitrate contains 8% calcium and 21-27% nitrogen. It is a hygroscopic chemical and its dissolution in water is endothermic. The high lime content of the fertilizer considerably improves the fertility of the soil and therefore increases the growth and yield of the crops.
Calcium ammonium nitrate's numerous advantageous properties are occasionally exploited in the fields of fertilizers and explosives. In the past, uses for calcium ammonium nitrate derivatives were discovered at regular intervals, which is expected to drive the calcium ammonium nitrate market rapidly in the future.
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Rising demand for Calcium Ammonium Nitrate and its by-products for various processes in the pharmaceutical, agrochemical, and explosive industries is expected to drive the market rapidly during the forecast period.
The numerous applications of calcium ammonium nitrate in soil fertility enhancement and increasing production capacity through the use of CAN in the form of fertilizer, as well as the use of CAN as a low scale explosive in developing countries such as Afghanistan, Pakistan, and others, are expected to drive the calcium ammonium nitrate market over the forecast period. Rapid economic development and a thriving agricultural sector are expected to drive the calcium ammonium nitrate market in developing countries.
Historically, calcium ammonium nitrate has been used to remove odors from wastewater during water treatment processes. CAN is also used in the production of small-scale explosives, either by reprocessing the chemical or simply by grinding the compound and packing it in a plastic box with a blasting cap. Calcium ammonium nitrate's diverse applications are expected to propel its market steadily during the forecast period.
The development of contact dermatitis among farmers using CAN fertilizers, as well as rising demand for organic fertilizers due to increased environmental awareness, are expected to be major restraints on the calcium ammonium nitrate market's growth. Furthermore, the ban on CAN fertilizers due to their illegal use as homemade explosives is expected to stifle market growth even further over the forecast period.
During the forecast period, the Asia Pacific market is expected to grow at a rapid pace. Rice, wheat, and maize are the main crops grown in the region. Increased agricultural production in countries such as China, India, and Indonesia is expected to drive the Asia Pacific calcium ammonium nitrate market during the forecast period.
The Asia Pacific calcium ammonium nitrate market is estimated to account for more than one-third of the global market share and is expected to maintain its dominance throughout the forecast period. The regional market in the Asia Pacific region is expected to grow as the production of agrochemicals chemicals increases. Furthermore, in the Asia-Pacific region, the Indian market has increased its financings in the agricultural business, where calcium ammonium is used to increase crop yield.
During the forecast period, Europe is expected to hold a dominant share of the market. Europe is a major nitrate fertilizer producer. The presence of prominent manufacturers in Europe, such as Yara International, Eurochem Group, and Helm AG, is expected to fuel the region's market in the near future.
Because of increased calcium ammonium nitrate application in chemical manufacturing industries, Europe is expected to drive demand and positively impact the growth of the calcium ammonium nitrate market over the forecast period. However, weak economic conditions in countries such as Russia, Spain, and others are expected to result in more modest growth of the calcium ammonium nitrate market throughout the region over the forecast period. Within Europe, Germany is expected to grow at a CAGR of approximately 3.6%.
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Some of the key participants present in the global calcium ammonium nitrate market include Eurochem Agro, Yara, Helm AG, ZAK S A, Pakarab Fertilizers, Bunn Fertilizer, GFS Chemicals, Inc, Barium and Chemicals, Inc, Seidler Chemical Co, Blue Line Corp, Allan Chemical Corp, Calamco, BKM Resources Inc, Del Amo Chemical Co,Nature S.A, ZimaFertiliser Co, Marneuli Agro and Agri Grow Fertilizers and Agrochemicals among others.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 3.5% until 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Application, End Use Industry, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
FMI projects the global calcium ammonium nitrate market to expand at a 3.5% value CAGR by 2032
Germany is likely to be an opportunistic market, forecast to expand at a CAGR of 3.6%
Seidler Chemical Co, Blue Line Corp, Allan Chemical Corp, Calamco, BKM Resources Inc, Del Amo Chemical Co,Nature S.A, ZimaFertiliser Co, Marneuli Agro are some prominent calcium ammonium nitrate manufacturers.
| Estimated Market Size (2024E) | USD 771.5 million |
|---|---|
| Projected Market Value (2034F) | USD 1,301.8 million |
| Value-based CAGR (2024 to 2034) | 5.4% |
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Calcium Ammonium Nitrate Market
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