Market Overview:
The global nitrate fertilizers market is expected to grow at a CAGR of 3.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food owing to the growing population, coupled with the rising awareness about the benefits of using nitrate fertilizers among farmers. Nitrate fertilizers are majorly used in applications such as fruits and vegetables, wheat, maize, rice, sugar crops, soybean and others. Among these applications, fruits and vegetables is expected to witness highest growth during the forecast period owing to increasing demand for healthy food products across the globe. North America is estimated to account for majority share of global nitrate fertilizers market in 2018 followed by Europe and Asia Pacific region respectively.
Product Definition:
Nitrate fertilizers are those that contain the nitrogen-nitrogen oxide molecule, NO3-. Nitrate fertilizers are important because they can be taken up by plants and used to form proteins. The most common nitrate fertilizer is ammonium nitrate, NH4NO3.
Calcium Ammonium Nitrate (CAN):
Calcium ammonium nitrate (CAN) is a salt that contains nitrogen, calcium andAmmonium. It's major application includes fertilizers which are used for the production of vegetables & fruits. CAN also finds its usage in animal feed as it helps to increase milk yield & meat quality along with reducing losses during transportation and storage.
The global calcium ammonium nitrate market size was valued at USD 548 million in 2016.
Ammonium Nitrate (AN):
Ammonium nitrate (AN) is a salt formed by the reaction of ammonia and nitric acid. It has a molecular weight of 140.8 and an ionic strength of 3%. It is usually available in white crystalline form, which can be further transformed into an amorphous powder by heat treatment.
Application Insights:
Fruits and vegetables was the largest application segment in 2017, accounting for over 60% of global nitrate fertilizers demand. This is attributed to growing consumer preference for a healthy diet including fruits and vegetables. As consumers become more aware of the health benefits associated with these products, demand is expected to increase over the coming years.
The use of synthetic nitrogenous compounds has been prevalent in major agricultural activities such as fruit-growing that take place at a large scale level across several countries globally. The aforementioned factors are anticipated to boost product consumption over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the total revenue in 2017 owing to high product demand from key sectors, such as food & beverage, construction, and industrial applications. China led Asia Pacific with a consumption volume share of 23.4% in 2017 on account of rapid industrialization along with increasing per capita income levels among consumers is anticipated to drive product demand over the forecast period.
Europe was estimated at USD X billion in terms of revenue and is projected to grow at an estimated CAGR 2-3% from 2018 to 2030 owing mainlyto increased production coupled with growing exports from major countries including Russia and France among others which are major producers globally will have positive impacts on industry growth over next eight years time frame).
Growth Factors:
- Increasing demand for food owing to population growth is expected to drive the nitrate fertilizers market.
- Rising awareness about the benefits of using nitrate fertilizers is projected to fuel market growth in the coming years.
- Growing adoption of precision farming techniques is anticipated to create new opportunities for the nitrate fertilizers market in the near future.
- Stringent regulations on nitrogen emissions are likely to propel demand for nitrate fertilizers in developed countries over the forecast period. 5) The increasing use of bio-based nitrogen sources as a replacement for traditional chemical-based ones is expected to provide lucrative opportunities for players operating in this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitrate Fertilizers Market Research Report
By Type
Calcium Ammonium Nitrate (CAN), Ammonium Nitrate (AN), Calcium Nitrate (CN)
By Application
Fruits and Vegetables, Wheat, Maize, Rice, Sugar Crops, Soybean, Others
By Companies
CF Industries, Yara, Nutrien, Koch Fertilizer, EuroChem, OSTCHEM (Group DF), OCI Nitrogen, Uralchem, Acron, Borealis, CF Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Nitrate Fertilizers Market Report Segments:
The global Nitrate Fertilizers market is segmented on the basis of:
Types
Calcium Ammonium Nitrate (CAN), Ammonium Nitrate (AN), Calcium Nitrate (CN)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fruits and Vegetables, Wheat, Maize, Rice, Sugar Crops, Soybean, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CF Industries
- Yara
- Nutrien
- Koch Fertilizer
- EuroChem
- OSTCHEM (Group DF)
- OCI Nitrogen
- Uralchem
- Acron
- Borealis
- CF Industries
Highlights of The Nitrate Fertilizers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Calcium Ammonium Nitrate (CAN)
- Ammonium Nitrate (AN)
- Calcium Nitrate (CN)
- By Application:
- Fruits and Vegetables
- Wheat
- Maize
- Rice
- Sugar Crops
- Soybean
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nitrate Fertilizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nitrate fertilizers are a type of fertilizer that contains nitrogen. Nitrogen is an essential element for plant growth and helps the plants to produce new leaves, flowers, and fruit.
Some of the major players in the nitrate fertilizers market are CF Industries, Yara, Nutrien, Koch Fertilizer, EuroChem, OSTCHEM (Group DF), OCI Nitrogen, Uralchem, Acron, Borealis, CF Industries.
The nitrate fertilizers market is expected to grow at a compound annual growth rate of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitrate Fertilizers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nitrate Fertilizers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitrate Fertilizers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nitrate Fertilizers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nitrate Fertilizers Market Size & Forecast, 2018-2028
4.5.1 Nitrate Fertilizers Market Size and Y-o-Y Growth
4.5.2 Nitrate Fertilizers Market Absolute $ Opportunity
Chapter 5 Global Nitrate Fertilizers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nitrate Fertilizers Market Size Forecast by Type
5.2.1 Calcium Ammonium Nitrate (CAN)
5.2.2 Ammonium Nitrate (AN)
5.2.3 Calcium Nitrate (CN)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitrate Fertilizers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nitrate Fertilizers Market Size Forecast by Applications
6.2.1 Fruits and Vegetables
6.2.2 Wheat
6.2.3 Maize
6.2.4 Rice
6.2.5 Sugar Crops
6.2.6 Soybean
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitrate Fertilizers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nitrate Fertilizers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nitrate Fertilizers Analysis and Forecast
9.1 Introduction
9.2 North America Nitrate Fertilizers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nitrate Fertilizers Market Size Forecast by Type
9.6.1 Calcium Ammonium Nitrate (CAN)
9.6.2 Ammonium Nitrate (AN)
9.6.3 Calcium Nitrate (CN)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nitrate Fertilizers Market Size Forecast by Applications
9.10.1 Fruits and Vegetables
9.10.2 Wheat
9.10.3 Maize
9.10.4 Rice
9.10.5 Sugar Crops
9.10.6 Soybean
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nitrate Fertilizers Analysis and Forecast
10.1 Introduction
10.2 Europe Nitrate Fertilizers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nitrate Fertilizers Market Size Forecast by Type
10.6.1 Calcium Ammonium Nitrate (CAN)
10.6.2 Ammonium Nitrate (AN)
10.6.3 Calcium Nitrate (CN)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nitrate Fertilizers Market Size Forecast by Applications
10.10.1 Fruits and Vegetables
10.10.2 Wheat
10.10.3 Maize
10.10.4 Rice
10.10.5 Sugar Crops
10.10.6 Soybean
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nitrate Fertilizers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitrate Fertilizers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nitrate Fertilizers Market Size Forecast by Type
11.6.1 Calcium Ammonium Nitrate (CAN)
11.6.2 Ammonium Nitrate (AN)
11.6.3 Calcium Nitrate (CN)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nitrate Fertilizers Market Size Forecast by Applications
11.10.1 Fruits and Vegetables
11.10.2 Wheat
11.10.3 Maize
11.10.4 Rice
11.10.5 Sugar Crops
11.10.6 Soybean
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nitrate Fertilizers Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitrate Fertilizers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nitrate Fertilizers Market Size Forecast by Type
12.6.1 Calcium Ammonium Nitrate (CAN)
12.6.2 Ammonium Nitrate (AN)
12.6.3 Calcium Nitrate (CN)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nitrate Fertilizers Market Size Forecast by Applications
12.10.1 Fruits and Vegetables
12.10.2 Wheat
12.10.3 Maize
12.10.4 Rice
12.10.5 Sugar Crops
12.10.6 Soybean
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nitrate Fertilizers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitrate Fertilizers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nitrate Fertilizers Market Size Forecast by Type
13.6.1 Calcium Ammonium Nitrate (CAN)
13.6.2 Ammonium Nitrate (AN)
13.6.3 Calcium Nitrate (CN)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nitrate Fertilizers Market Size Forecast by Applications
13.10.1 Fruits and Vegetables
13.10.2 Wheat
13.10.3 Maize
13.10.4 Rice
13.10.5 Sugar Crops
13.10.6 Soybean
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nitrate Fertilizers Market: Competitive Dashboard
14.2 Global Nitrate Fertilizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CF Industries
14.3.2 Yara
14.3.3 Nutrien
14.3.4 Koch Fertilizer
14.3.5 EuroChem
14.3.6 OSTCHEM (Group DF)
14.3.7 OCI Nitrogen
14.3.8 Uralchem
14.3.9 Acron
14.3.10 Borealis
14.3.11 CF Industries
