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The market is being driven by the rising demand for calcium nitrate-based fertilisers and the developing agricultural sector globally. Meanwhile, the depletion of freshwater sources and the increasing scarcity of water across the globe are creating a need for improved wastewater treatment facilities, which will further boost the growth of the calcium nitrate industry over the forecast period. Calcium nitrate can effectively suppress the formation of odour in sewer networks, and, thus, it is extensively utilised in municipal wastewater treatment applications. The stringent government regulations, promoting wastewater treatment activities, are expected to significantly boost the product demand in the coming years. Some of the major players in the industry include Yara International ASA (OTCMKTS: YARIY) and Haifa Group.
Several manufacturers of fertilisers are eyeing the growth potential of calcium nitrate in the agriculture and horticulture sectors and, thus, are launching products with enhanced formulations to meet the growing needs of farmers. In 2016, Prayon S.A., one of the leading manufacturers in the phosphates sector, launched Calcium Nitrate EXTRA in a bid to expand its horticulture range of fertilisers. This formulation contains more calcium content as compared to standard calcium nitrate fertilisers, is free of impurities, and perfectly soluble in water. Such developments have significantly contributed to the industry growth and are expected to inform the growth of the fertilisers segment in the forecast period as well.
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The major players in the global calcium nitrate market are Haifa Group, Uralchem, JSC, Yara International ASA, Ako Kasei Co., Ltd., Shanxi Jiaocheng Tianlong Chemical Industry Co.,Ltd., Van Iperen B.V., and ProChem, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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