India Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Application (Fertilizers, Wastewater Treatment Chemicals, Concrete Manufacturing, Explosives, and Others)

Market Introduction

Calcium nitrate fertilizers contain calcium and nitrogen. These two are essential nutritious elements that plants need. The role of calcium nitrate is to increase the absorption of potassium, magnesium, and calcium from the soil while also increasing product quality. It also increases tolerance to diseases and storage life.

Market Overview and Dynamics

The India calcium nitrate 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 2020 to 2028. 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 also 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. Furthermore, calcium nitrate is a water-soluble compound having a high mixing ability, which makes it suitable for the manufacturing of explosives. It acts as a main inorganic oxidizing ingredient in an explosive composition.

However, high cost of raw materials may hinder calcium nitrate growth in South America. Besides, COVID-19 is anticipated to cause heavy loss in India economy. Brazil has the largest COVID-19 cases in the India region, and is followed by Colombia and Argentina, among others. Disruptions in supply chain impacted the market growth negatively.

Key Market Segments

Based on application, the India calcium nitrate market is segmented into fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others. The fertilizers segment held the largest share of the market in 2020. Calcium nitrate is a complex, water-soluble fertilizer constituting 15.5% nitrogen (N) in a readily available form and 18.5% calcium (Ca). Calcium is one of the secondary nutrients required for crop production. It helps improve fruit color, luster, and consistency; soil structure and water penetration; and crop’s pest and disease resistance. Calcium nitrate fertilizers are the only water-soluble source of calcium available for plants. It can be used as a fertilizer as well as a disease control agent. The compound helps stabilize cell growth as well as boosts protein and leaf production by promoting cell formation. It also helps in the detoxification of plants by neutralizing acids. A few crops, especially fruiting ones such as such as tomatoes, may suffer from calcium deficiency due to heat and moisture stress; calcium nitrate is applied to such crops for nourishment, as well as disease prevention and treatment.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the calcium nitrate market in India are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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) among others.

Reasons to buy report

• To understand the India calcium nitrate market landscape and identify market segments that are most likely to guarantee a strong return
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• Obtain market revenue forecast for market by various segments from 2020 - 2028 in India

India Calcium Nitrate Market Segmentation

India Calcium Nitrate Market, by Application

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

Company Profiles

• 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
• B Joshi Agrochem Pharma

The List of Companies - India Calcium Nitrate Market

1. Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) (Mahadhan)
2. Indian Farmers Fertiliser Cooperative Limited (IFFCO)
3. Yara
4. Anmol Chemicals Group
5. Gujarat State Fertilizers And Chemicals Limited (GSFC)
6. Arkon Industries
7. Arihant Chemical Industries
8. Sterling Chemicals
9. Fertinagro India Private Limited
10. B Joshi Agrochem Pharma.
11. Ravi Chem Industries

• Highlights key business priorities in order to assist companies to realign their business strategies.

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• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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