The calcium ammonium nitrate global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Calcium ammonium nitrate (CAN) is an inorganic fertilizer that supplies both calcium and nitrogen, essential nutrients for plant growth. It contains about 8% calcium and 21%–27% nitrogen. Its hygroscopic and endothermic properties make it useful in agriculture and instant cold packs, requiring careful handling.
The main types in the calcium ammonium nitrate market are nitrogen content 27%, nitrogen content 15.5%, and others. Calcium ammonium nitrate with 27% nitrogen content is a type of nitrogenous fertilizer used in agriculture to improve soil fertility and crop yields. The various grades of calcium ammonium nitrate include standard grade, granular or pelletized forms, and are available in both liquid and solid forms. Applications span across inorganic fertilizers, concrete, explosives, ice packs, clear-water drilling, additives, and others, serving end-use industries such as agriculture, nurseries and greenhouses, and turf management and landscaping.
Calcium Ammonium Nitrate Market, 2024The calcium ammonium nitrate global market report 2024
Market Size –
The calcium ammonium nitrate market size is expected to see strong growth in the next few years. It will grow to $4 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to expanding agricultural exports, increasing climate change, growing emphasis on sustainable agricultural practices, and increasing use of medical cold packs. Major trends in the forecast period include technological integration, adoption of customized fertilizer solutions, advancements in farming techniques, advancements in fertilizer formulations, and advancements in supply chain logistics.
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Scope Of Calcium Ammonium Nitrate MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing agricultural sector is expected to propel the growth of the calcium ammonium nitrate market going forward. The agricultural sector growth is driven by substantial investments in agricultural infrastructure, boosting productivity and market access while reducing post-harvest losses and helping farmers efficiently meet rising global food demand. Calcium ammonium nitrate supports the agriculture industry by providing a readily available source of nitrogen and calcium, which promotes plant growth, improves soil structure, and increases crop yields. For instance, in July 2023, according to a report published by the Department for Environment, Food, and Rural Affairs, a UK-based government department, the productivity of the agricultural sector in the United Kingdom saw a 3.4% increase from 2021 to 2022. Furthermore, in 2022, total crop output rose by 1.7%, with oilseed rape and barley increasing by 39% and 12%, respectively. Therefore, the growing agricultural sector is driving the calcium ammonium nitrate market.
Market Trends –
Major companies in the calcium ammonium nitrate market are focusing on expanding product lines with integrated crop nutrition systems, such as calcium nitrate-compatible fertilizers, to reduce costs and improve outcomes for growers. Calcium-nitrate-compatible fertilizers help by optimizing nutrient absorption, enhancing soil fertility, and providing a balanced supply of essential nutrients, which leads to healthier plant growth and increased crop yields. For instance, in April 2021, FBSciences, a US-based biotechnology company, introduced three new calcium nitrate-compatible fertilizers, including CopCAN Soil CN Compatible, PhotoCAN Soil CN Compatible, and FlexCAN Soil CN Compatible. These are designed to work seamlessly with other calcium nitrate and calcium ammonium nitrate fertilizers such as YaraLiva CAN-17 and CN-9, enhancing nutrient uptake, translocation, and overall plant health while improving the efficiency of these fertilizer applications.
The calcium ammonium nitrate market covered in this report is segmented –
1) By Type: Nitrogen Content 27%, Nitrogen Content 15.5%, Other Types
2) By Grade: Standard Grade Calcium Ammonium Nitrate, Granular Or Pelletized Calcium Ammonium Nitrate
3) By Form: Liquid, Solid
4) By Application: Inorganic Fertilizer, Concrete, Explosives, Ice Packs, Clear-Water Drilling, Additive, Other Applications
5) By End-Use Industry: Agriculture, Nurseries And Greenhouses, Turf Management And Landscaping
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Regional Insights –
Asia-Pacific was the largest region in the calcium ammonium nitrate market in 2023. The regions covered in the calcium ammonium nitrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Koch Industries Inc., BASF SE, Nutrien Ltd., Sinochem, Yara International ASA, Sumitomo Chemical Co. Ltd., Mosaic Company, ICL Group Ltd., Yunnan Yuntianhua Co. Ltd., EuroChem Group AG, K+S AG, Hubei Xingfa Chemicals Group Co. Ltd., Coromandel International Limited, Borealis AG, Acron Group, China BlueChemical Ltd., Saudi Arabian Fertilizer Company, Gujarat State Fertilizers & Chemicals Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Uralchem Group, Qatar Fertiliser Company, Indian Farmers Fertiliser Cooperative Limited, Achema AB, Wentong Potassium Salt Group Co.Ltd.
Table of Contents
1. Executive Summary
2. Calcium Ammonium Nitrate Market Report Structure
3. Calcium Ammonium Nitrate Market Trends And Strategies
4. Calcium Ammonium Nitrate Market – Macro Economic Scenario
5. Calcium Ammonium Nitrate Market Size And Growth
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27. Calcium Ammonium Nitrate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
