At the end of the forecast period, the Calcium Ammonium Nitrate market is expected to be worth 5.0 Million US Dollars. As of 2022, the industry is expected to be valued at US$ 3.3 million. The calcium ammonium nitrate industry is expected to grow at a CAGR of 3.5%. The Forecast period runs from 2022 to 2032.
Calcium ammonium nitrate is ideal for fertigation and can be used at any time of the year. It is chemically neutral and can neutralize acidity in the soil, thereby making it suitable for any kind of soil. This product is also very economical and cost-efficient and provides the benefits of both calcium and nitrogen. These factors have been the major drivers for this market. A restraining factor for this market is urea. Urea is less expensive to produce and has higher nitrogen content than calcium ammonium nitrate.
Based on regional segmentation; the calcium ammonium nitrate capacity, production, and consumption are dominated by Russia, Western Europe, Central Europe, China, and the United States. Africa and Central and South America are also large consumers. Based on end users, calcium ammonium nitrate is used extensively by farmers and by turf and ornamental solutions providers.
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Calcium ammonium nitrate provides the plant with two types of nitrogen. The first is nitrate nitrogen. Nitrate nitrogen is absorbed quickly by the plant and is suitable for quickly replenishing nitrogen, in case of nitrogen deficiency. The second type of nitrogen is ammonic nitrogen. This nitrogen is much slower in absorption. Due to this the plants have a longer-lasting nutrition system that feeds the plant for an extended period of time. The forms of nitrogen released by this product remain in the soil for the plants to feed on and they do not volatize.
Calcium Ammonium Nitrate (CAN) can be applied universally and is suitable for all crops, all seasons, soils, and locations. The main components nitrate and ammonium are present in an ideal ratio and make CAN an affordable fertilizer for healthy plant growth in agriculture and horticulture. It is suitable for multiple methods of application; by drill, broadcast or through fertigation. It is used before sowing and for top dressing the nitrate nitrogen that is available immediately after the application and absorbed in water is taken up directly by the plant and nutrient losses are almost eliminated. Calcium ammonium nitrate is a hygroscopic product and needs very low moisture to be absorbed by the plants. Additionally, it is effective in water-stressed areas where soil has low moisture. Calcium and sulphur available in calcium ammonium nitrate are helpful in soil reclamation.
The major players in this market are Eurochem Agro
Yara
Helm AG
ZAK S A
Pakarab Fertilizers
Bunn Fertilizer
GFS Chemicals, Inc
Barium and Chemicals, Inc
Seidler Chemical Co
Blue Line Corp
Allan Chemical Corp
Calamco
BKM Resources Inc
Del Amo Chemical Co
Nature S.A
ZimaFertiliser Co
Marneuli Agro and Agri Grow Fertilizers and Agrochemicals among others.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types, and distribution channels.
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Key Market Segments Covered in the Calcium Ammonium Nitrate Industry Report
By Application:
- Fertilizers
- Explosives
- Others
By End Use Industries:
- Agriculture
- Chemical Manufacturing
- Water Treatment
- Construction
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
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