Calcium Ammonium Nitrate Market - Forecast(2021 - 2026)

 Calcium ammonium nitrate market size is forecast to reach $XX Million by 2025, after growing at a CAGR of 4.1% during 2020-2025. Over the forecast era, an increase in demand for Fertilizers is projected to increase the consumption of calcium ammonium nitrate. The growth in the global population and the increase in food demand are main drivers that are projected to drive calcium ammonium nitrate demand over the forecast period. Currently, the global market for calcium ammonium nitrate is witnessing vibrant growth due to the growing market demand for active and mature fertilizers.

Report Coverage

The “Calcium Ammonium Nitrate Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Calcium Ammonium Nitrate Industry. 
By Application: Agriculture and Horticulture.
By Method of Application: Drill, Broadcast, and Fertigation.
By Geography: North America, South America, Europe, APAC and RoW.


Key Takeaways

  • Due to the increasing application of calcium ammonium nitrate in the chemical manufacturing industries, Europe is expected to drive demand and have a positive impact on the growth of the calcium ammonium nitrate market during the forecast period. However, in countries such as Russia, Spain and others, poor economic conditions are projected to display a more moderate rise in the calcium ammonium nitrate demand across the region over the forecast period. 
  • In recent years, advances in the agricultural industry and growing technological exploration are projected to drive the market for calcium ammonium nitrate, in addition to the wide range of functions of calcium ammonium nitrate, in an immense range of products during the forecast period, such as fertilizers, explosives, instant cold packs, and more. 
  • The rising global population is expected to have a positive impact on the growth of the market for calcium nitrate due to rising trends in the implementation of eco-friendly fertilizer methods and rising worldwide food demand. According to one of the most recent studies released by the United Nations Food and Agriculture Organization (FAO), more than 15 percent of farmland production should be increased in the coming years to sustain world food use.
  • Demand across the organic chemicals sector is experiencing a slump in growth, although the demand for certain chemicals that find end-use applications is increasing. In addition, China, the world's leading supplier of chemicals, recorded a significant decline in production in the first quarter of 2020, following the trajectory of COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing supply agreements to be renegotiated by producers and customers alike.


Calcium Ammonium Nitrate Market Segment Analysis - By Application 

Agriculture segment has been the major market for Calcium Ammonium Nitrate in 2019 by growing at a CAGR of 5.2%. During the forecast period, agriculture is expected to account for a significant share of the market. The rise in rice, wheat, maize, and legumes, vegetables and fruit production are likely to fuel the market for calcium ammonium nitrate in the near future. Cereals & grains, oilseed & pulses, fruits & vegetables, and turf & ornamentals are sub-segmented in the agriculture segment. During the forecast period, the cereals & grains segment is expected to continue to dominate the market.


Calcium Ammonium Nitrate Market Segment Analysis - By Method of Application

Fertigation segment has been the major market for Calcium Ammonium Nitrate in 2019. For fertigation, calcium ammonium nitrate is ideal and can be used at any time of the year. It is chemically neutral and can neutralize soil acidity, making it appropriate for any soil type. This product is also very cost-effective and economical and offers the benefits of both calcium and nitrogen. The major drivers for this market have been these factors. Urea is a restraining factor for this industry. Urea is less expensive to produce than calcium ammonium nitrate and has a higher nitrogen content.

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Location: United States

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