calcium cyanamide market Report Overview
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The global calcium cyanamide market size was 319 million in 2022 and is expected to reach USD 367.7 million in 2028, exhibiting a CAGR of 2.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with calcium cyanamide market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.
Calcium cyanamide is a chemical compound used in industrial agricultural fertilizers. The fertilizer calcium cyanamide helps plants to reach high yields, thus maximizing profits for farmers. The chemical is applied directly to the soil, where it breaks down into ingredients that are beneficial to plan growth. Calcium cyanamide is organised from calcium carbide. The carbide powder is heated to about 1000°C for several hours in a nitrogen-flushed electric heater. The fertilizer calcium cyanamide benefits plants to influence high yields thus exploiting profits for farmers. The chemical is applied directly to the soil, where it breaks down into ingredients that are beneficial to plan growth. Calcium cyanamide also tasks in other surfaces in addition to being a fertilizer." High food prices drive agricultural demand to increase". Calcium cyanamide can be used as an alkaline fertilizer for acidic soils. After being applied to acidic soil, calcium cyanamide reacts with soil moisture to form calcium hydroxide and acid calcium cyanamide which in turn forms cyanamide and hydrolyzes to form urea which is then renewed into ammonium carbonate for plant use. Calcium cyanamide mainly releases cyanamide and dicyandiamide through decomposition to kill underground pests and diseases and has the advantages of no residue in soil and safe operation. Consequently, it will not cause pollution to soil, groundwater and agricultural products. Thus, the rise of green agriculture has brought calcium cyanamide another opportunity for development. "Therefore, the high boom in agriculture is expected to bring momentum to the development of the calcium cyanamide industry. "Participating are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.
COVID-19 Impact: Pandemic Hampered the Market Due To Unexpected Disruption in The Sector
COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.
Latest Trends
"Use Of Innovative Products To Boost The Market Growth "
Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.
calcium cyanamide market Segmentation
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- By Type Analysis
According to type, the market can be segmented into calcium cyanamide granular, calcium cyanamide powder.
Calcium cyanamide granular will capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented into fertilizer industry, pesticide industry.
Calcium cyanamide market players cover segment as fertilizer industry will dominate the market share during forecast period.
Driving Factors
"Increase In Demand For Fertilizers And Pesticides To Boost The Market Growth"
"Calcium cyanamide is a chemical compound used in industrial agricultural fertilizers. The fertilizer calcium cyanamide helps plants to reach high yields, thus maximizing profits for farmers"". "Farmers have higher expectations for future planting and at the same time cash on hand increases so the interest for planting and the readiness to use agricultural materials increases which in turn drives the demand for fertilizers and pesticides.
"Technological Advancement And Development To Upsurge The Market."
Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the "calcium cyanamide "market growth. Growing investment in research and development activities and growing awareness about benefits of "calcium cyanamide "are expected to deliver profitable opportunities for the market. Constant development in are one of the trends in the market in variety of practices.
Restraining Factor
"Health Issues To Hamper The Market Growth"
Calcium cyanamide can affect when breathed in, it can cruelly irritate and burn the skin and eyes. Prolonged contact can cause skin ulcers. Breathing calcium cyanamide can irritate nose and throat causing coughing and wheezing. It can be hazardous if mishandled or improperly stored. It can harm the health and contaminate surface of groundwater.
calcium cyanamide market Regional Insights
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"Asia Pacific To Dominate The Region Due To Technological Development"
Asia Pacific is further expected to witness growth in the "calcium cyanamide "market share. The region is dominating the market due to rise in the need from agriculture and increase in the research and development activities in this region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.
Key Industry Players
"Key Players Focus On Partnerships To Gain Competitive Advantage"
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- AlzChem (Germany)
- Jiafeng Chemical (China)
- Ningxia Sunnyfield Chemical (China)
- Yinglite Chemical (China)
- Gulang Xinmiao (China)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 319 Million in 2022 |
Market Size Value By |
US$ 367.7 Million by 2028 |
Growth Rate |
CAGR of 2.4% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the calcium cyanamide market expected to touch by 2028?
Calcium cyanamide market is expected to touch USD 367.7 million by 2028.
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What CAGR is the calcium cyanamide market expected to exhibit during 2022-2028?
Calcium cyanamide market is expected to exhibit CAGR of 2.4% during 2022-2028.
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What are the driving factors of the calcium cyanamide market?
Increase in demand for fertilizers and pesticides and technological advancement and development to upsurge the calcium cyanamide market.
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Which are the key players or most dominating companies functioning in the calcium cyanamide market?
The dominating companies in the calcium cyanamide market are AlzChem, Jiafeng Chemical, Ningxia Sunnyfield Chemical, Gulang Xinmiao, and Yinglite Chemical.