India Calcium Nitrate Market is expected to reach US$ 54,050.11 thousand by 2028

Diversified Application Range of Calcium Nitrate to Escalate Growth of India Calcium Nitrate Market during 2020–2028

According to our latest market study on “India Calcium Nitrate  Market Forecast to 2028 – COVID-19 Impact and Analysis – by Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others),” the market was valued at US$ 36,386.16 thousand in 2020 and is projected to reach US$ 54,050.11 thousand by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

The agriculture sector is witnessing significant transformation in India, backed by increasing population and mounting investments in agricultural infrastructures such as irrigation, warehousing, and cold storage. Application of calcium nitrate-based manures fuels protein production and leaf growth, along with promoting cell formation and neutralizing acids to help in plant detoxification. In addition to its rising demand in fertilizer manufacturing, calcium nitrate is being used in wastewater treatment, concrete manufacturing, explosives manufacturing, and so on. 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. Furthermore, calcium nitrate increases the redox capacity, limiting the formation of any odor-producing compounds in anaerobic environments. 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. The type of binding material, as well as the amount of calcium nitrate, used influence the properties of the concrete mixture and the strength of hardened concrete.

Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) (Mahadhan), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Yara, Anmol Chemicals Group, Gujarat State Fertilizers And Chemicals Limited (GSFC), Arkon Industries, Arihant Chemical Industries, Sterling Chemicals, Fertinagro India Private Limited, and B Joshi Agrochem Pharma are among the well-established players operating in the India calcium nitrate  market.

Impact of COVID-19 Pandemic on India Calcium Nitrate Market

The COVID-19 pandemic is adversely affecting industries in various cities due to lockdowns, travel bans, and business shutdowns. Chemicals & materials is one of the main industries suffering severe disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns . The shutdown of various plants and factories in leading cities such as Mumbai, Delhi, and Bengaluru is hindering the manufacturing activities, delivery schedules, and goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the emergence of new variant of novel coronavirus that causes COVID-19 has compelled several cities and states to impose strict restrictions on social activities, which is adversely affecting business collaborations and partnerships. These factors are disrupting the chemical & materials industry, and restraining the growth of various markets related to this industry. Amid pandemic, the factors such as shortfall in production activities and limitations on transportation services are impacting the growth of the India calcium nitrate market.

The report includes the segmentation of the India Calcium Nitrate market as follows:

India Calcium Nitrate Market, by Application

• Fertilizers
• Wastewater Treatment Chemicals
• Concrete Manufacturing
• Explosives
• Others