Report : North America Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others)
Fertilizers Segment to Dominate North America Calcium Nitrate Market during 2021-2028
According to a new market research study on “North America Calcium Nitrate Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Application and Country,” is expected to reach US$ 152.68 million by 2028 from US$ 118.37 million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. The report provides trends prevailing in the North America calcium nitrate market along with the drivers and restraints pertaining to the market growth. Wide range of applications for calcium nitrate and growing demand for calcium nitrate from fertilizer manufacturers are the major factors driving the growth of the North America calcium nitrate market. However, the availability of substitutes may hinder the growth of North America calcium nitrate market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of calcium nitrate manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for calcium nitrate during the early months of 2020. Moreover, decline in the overall fertilizers manufacturing activities has led to discontinuation of calcium nitrate manufacturing projects, thereby reducing the demand for calcium nitrate. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for North America calcium nitrate is segmented into application and country. Based on application, the market is segmented into fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. In 2020, the fertilizers segment held the largest share in North America calcium nitrate market. Furthermore, in this present scenario of COVID 19 pandemic, the North America calcium nitrate market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for calcium nitrate.
Nutrien; Yara international ASA; GFS Chemicals, Inc.; Haifa Group; Uralchem holding PLC; Rural Liquid Fertilisers; ProChem, Inc. and Van Iperen International are some of the leading companies in the North America calcium nitrate market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the North America Calcium Nitrate Market as follows:
- North America Calcium Nitrate Market – By Application
- Wastewater Treatment Chemicals
- Concrete Manufacturing
- North America Calcium Nitrate Market – By Country
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