The rising demand in Asia will drive the calcium ammonium nitrate market to $43 billion by 2030
NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) — IndexBox’s most recent report on global calcium nitrate markets highlights the following key points.
Overview of the Calcium Ammonium Nitrate market
The global calcium ammonium nitrate market It is expected to grow at a 1.5% CAGR, rising from $38B in 2022 and $43B by 2030. Global demand for calcium ammonium Nitrate is driven by its increasing use in agriculture as a nitrogenous fertilizer. The following are some of the factors that drive global demand for calcium ammonium nitrate. Asia-Pacific region This is due to an increasing demand for nitrogenous substances. fertilizers In China And India.
The market’s growth will be limited by the growing environmental concerns about nitrogenous fertilizers. However, future growth opportunities are expected to be created by the development of new technologies that can manufacture calcium ammonium Nitrate.
View a sample report and free data online
Calcium ammonium-nitrate is a synthetic fertilizer used to increase yields in crops. It is formed by reacting calcium carbonate to ammonium nuitrate. The result is a white, crystallized solid that is easily soluble in water. Calcium ammonium citrate is unstable and will break down if exposed to heat or humidity.
Calcium ammonium-nitrate, a nitrogen-rich fertilizer, can be used for a wide range of crops. It’s particularly effective when used on leafy vegetables such as lettuce And spinach. You can also use calcium ammonium nuitrate as an alternative. insecticide And herbicide.
Market Challenges
In the next few years, there will be many challenges for the global calcium ammonium-nitrate market. The rising cost of raw materials is one of the main challenges. In recent years, limestone has seen its price rise, which is the main raw material for calcium ammonium nuitrate production. This has resulted in a rise in production costs for manufacturers which will limit the market’s growth.
Stringent government regulations will also impact market growth. Due to its potential impact on the environment, various government agencies regulate calcium ammonium-nitrate’s use in fertilizers. This has caused a drop in demand from farmers which will impact market growth over the forecast time.
Calcium Ammonium Nitrate Prices
Volatilities in energy prices and logistical tensions caused an increase in the average export price for calcium ammonium Nitrate (CAN) from $288 per tonne in 2021, to $542 in 2022. As the demand for fertilizer grows, CAN prices will rise over the coming months. This is due to continued agricultural growth in developing countries as well as the expected increase in crop production in America and Europe. Higher prices will be passed on to farmers who then will pass them on to consumers.
Transport
The method of transporting this substance will vary depending on the form it is in. If the calcium ammonium nuitrate is liquid, it can be transported by tanker trucks. You can ship or rail the calcium ammonium nuitrate granular form.
Calcium Ammonium Nitrate: Dangerous
Calcium ammonium nitrate can cause serious health problems, such as explosions and contributes to air pollution.
Calcium ammonium Nitrate is an explosive chemical compound that can cause severe damage in small quantities. It is used to make homemade bombs and other improvised explosive gadgets, which can be very dangerous.
Calcium ammonium nitrate, another major contributor to pollution, is also a significant factor. It reacts with other chemicals in the atmosphere to create fine particles that can penetrate the lungs. This can lead to other health issues, as well as respiratory problems.
IndexBox
IndexBox, a market research company, is developing an AI-driven platform. market intelligence platform It helps business analysts to find actionable insights and make data-driven decision. The platform gives data on consumption and production as well as prices across more than 10K+ products from 200 countries.
Companies mentioned in the Report
BASF, Yara International and The Mosaic Company, Potash Corporation of Saskatchewan
Sources
World – Calcium Ammonium Nitrate – Market Analysis, Forecast, Size, Trends and Insights
EU – Calcium Ammonium Nitrate – Market Analysis, Forecast, Size, Trends and Insights
Asia – Calcium Ammonium Nitrate – Market Analysis, Forecast, Size, Trends and Insights
U.S. – Calcium Ammonium Nitrate – Market Analysis, Forecast, Size, Trends and Insights
CONTACT: Contact Information Mekhrona Dzhuraeva Editor [email protected]
