Calcium ammonium nitrate is a physiologically neutral chemical mixture of ammonium nitrate and calcium carbonate. It is produced as granules which makes it suitable for phosphate and potassium fertilizers. As compared to ammonium nitrate, calcium ammonium nitrate has better physical-chemical properties, less water-absorbing and caking characteristics which make it much more efficient. It is commonly used as a fertilizer and the ammonium nitrate contains 8% calcium and 21% to 27% nitrogen. The high content of lime in the fertilizer improves the soil fertility and thereby increases the yield of the crops.
Calcium ammonium nitrate can be used at any time of year and is ideal for fertigation. It is chemically neutral and has the ability to neutralize the acidity in the soil. This product is cheaper and cost efficient and it provides the advantages of calcium as well as nitrogen. These factors are estimated to be the major drivers for this market. However, urea is cheaper to produce and possess a higher nitrogen content than calcium ammonium nitrate. This can hamper the market growth.
This report identifies the global calcium Ammonium Nitrate market size in for the year 2014-2016 and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects with respect to global calcium Ammonium Nitrate market.
Geographically Europe and North America are the key markets of calcium ammonium nitrates and RoW is estimated to witness the highest growth during the forecast period. The growth is majorly driven by the countries such as Russia and South American region.
This report segments calcium ammonium nitrate market on the basis of application, method of application and regional market as follows:
- Calcium Ammonium Nitrate Market, by Application: Agriculture and Horticulture
- Calcium Ammonium Nitrate Market, by Mode of Application: Drill, Broadcast and Fertigation
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region.
This report identifies all the major companies operating in the Calcium Ammonium Nitrate market. Some of the major companies’ profiles in detail are as follows:
- Eurochem Agro
- Helm AG
- ZAK S A
- Bunn Fertilizer