South America Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application

South America Calcium Nitrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application

  • July 2021 •
  • 88 pages •
  • Report ID: 6134780 •
  • Format: PDF
The South America calcium nitrate market is expected to grow from US$ 51.16 million in 2021 to US$ 58.81 million by 2028; it is estimated to grow at a CAGR of 2.0% from 2021 to 2028. The calcium nitrate market in South America is primarily driven by its high use in the end-use industries. The key factors such as rising demand for calcium nitrate from fertilizer producers and growing need for wastewater treatment facilities are anticipated to propel the market growth in the region. Furthermore, the region’s key players can increase their market share by focusing on product development and innovations. It is considered that with the increasing presence of local market players, coupled with growing research and development activities, the calcium nitrate market will find immense opportunities in the coming years in South America. The rise in investment in research & development activities and technological innovation related to calcium nitrate is also expected to bolster the growth of the market.

South America, especially Brazil, witnessed an unprecedented rise in the number of COVID-19 cases, which led to the discontinuation of calcium nitrate manufacturing activities.The downfall of other chemical and material manufacturing sectors negatively impacted the demand for calcium nitrate during the early months of 2020.

Moreover, the overall decline in the manufacturing activities of fertilizers has led to discontinuation of calcium nitrate manufacturing projects, thereby reducing the demand for calcium nitrate. Similar trend was witnessed in other South American countries, i.e., Argentina, Colombia, Peru, Chile, and Ecuador. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, as observed in the beginning of 2021.

Based on application, the market is segmented into fertilizers, wastewater treatment chemicals, concrete manufacturing, explosives, and others.The wastewater treatment chemicals segment is expected to grow at the fastest CAGR during the forecast period.

Calcium nitrate is actively used to prevent odor development in sewage networks and urban wastewater treatment systems.The odor is caused mainly by the release of hydrogen sulfide.

Hydrogen sulfide pollution in sewers is linked to concrete and metal corrosion, operational issues in wastewater treatment plants (WWTP), and hygiene and odor issues.The presence of calcium nitrate in septic wastewater causes sulfur-oxidizing denitrifying bacteria to oxidize biologically dissolved sulfide through autotrophic denitrification.

Furthermore, the compound raises the redox potential, preventing the formation of any odorous compounds under anaerobic conditions.

The overall South America calcium nitrate market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the South America calcium nitrate market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the South America calcium nitrate market. A few of the key companies operating in the market are Nutrien; Yara international ASA; Haifa Group; Uralchem holding PLC; Rural Liquid Fertilisers; and Van Iperen International.

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