Calcium nitrate, a versatile inorganic compound, finds diverse applications in agriculture, water treatment, construction, and even explosives. Let's delve into the competitive landscape of this dynamic market, analyzing key strategies, market share factors, industry news, and recent developments.
Strategies Shaping the Market:
Factors Influencing Market Share:
Major Market Players
The key players of calcium nitrate market:
Recent Developments:
In May 2022, Sasol Chemicals announced it had partnered with Holiferm Ltd on new biosurfactants; Sasol Chemicals would purchase sophorolipids manufactured at the Holiferm Manufacturing site in the United Kingdom while subsidizing research and development at Holiferm aimed at meeting the growing demand for sustainable first surfactant solutions.
On May 2022, Yara International, which is based in Norway and ranked among the top crop nutrition companies worldwide, invested NOK170m ($19.6m) in Hydrogen Mem-Tech. The latter is engaged in hydrogen recovery from biogas and natural gases by selectively blocking CO2 emissions during separation processes using metal palladium membranes developed by SINTEF researchers of Europe's largest independent research body.
The United States Department of Agriculture launched the USD250 million initiative aimed at supporting nationwide organic fertilizer production, promoting environmentally sound agricultural practices and resource conservation in 2022.
August 2022: Acron Group, a Russian-based producer of mineral fertilizers, commenced a project to produce granulated calcium nitrate at its plant in Veliky Novgorod with a capacity of 100 kilotons per year.
April 2022: Casale Group announced an agreement to acquire Green Granulation company that designs and manufactures urea and Ammonium Nitrate (AN) / Calcium Ammonium Nitrate (CAN) granulation systems. This acquisition is considered part of the company’s growth strategy.
June 2022:Â Santos Ltd entered into an agreement with a unit of Yara International to provide natural gas for use at the Norwegian Fertilizer AS liquid ammonia plant in Western Australia. Furthermore, there will be collaboration with Yara Pilbara Fertilizers on decarbonization initiatives for Carbon Capture, Use and Storage in Western Australia (WA); Santos will supply approximately one hundred twenty petajoules (120 PJ) of natural gas over a period of five years.
Calcium Nitrate Market Highlights:
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