Fertilizers Segment to Dominate South America Calcium Nitrate Market during 2021-2028

According to a new market research study on “South America Photoresist Calcium Nitrate Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Application and Country,” is expected to reach US$ 58.81 million by 2028 from US$ 51.16 million in 2021. The market is estimated to grow at a CAGR of 2.0% from 2021 to 2028. The report provides trends prevailing in the South America calcium nitrate market along with the drivers and restraints pertaining to the market growth. Various applications for calcium nitrate and heightening demand for calcium nitrate from fertilizer manufacturers are the major factors driving the growth of the South America calcium nitrate market. However, the availability of substitutes to a greater extent may hinder the growth of South America calcium nitrate market.

In case of COVID-19, in South America, especially Brazil, 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 South America countries, i.e., Argentina, Colombia, Peru, Chile and Ecuador. 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 South 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 South America calcium nitrate market. Furthermore, in this present scenario of COVID 19 pandemic, the South America calcium nitrate market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for calcium nitrate.

Nutrien; Yara international ASA; Haifa Group; Uralchem holding PLC; Rural Liquid Fertilisers and Van Iperen International are some of the leading companies in the South 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 South America Calcium Nitrate Market as follows:

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

• Brazil
• Argentina
• Rest of South America