Global Fertilizer Additives Market
Report Highlights
Global Fertilizer Additives Market
By Application (Ammonium Nitrate, Urea, Diammonium Phosphate), By Function (Anticaking Agents, Corrosion Inhibitors, Dedusting Agent), By Form of Application (Prilled Fertilizers, Granular Fertilizers, Powdered Fertilizers), By Region (North America, Europe, South America, Asia Pacific, Rest of World).
Market Overview:
The Global Fertilizer Additives Market was valued at USD 2.58 billion in 2016 and is projected to reach USD 3.20 billion by 2025, growing at a CAGR of 2.40% from 2017 to 2025.
Fertilizer additives improve the stability of soil and fertilizers, avoid loss of nutrients and provide anti-caking characteristics to fertilizers. Nitrogen is the most important nutrient for plant growth, so fertilizers increase the amount of nitrogen released. Sometimes fertilizer additives increase the amount of micro nutrients in many fertilizers. Ammonium formulations are majorly used fertilizer additives, where ammonium acts as a nitrogen supplier.
Market Dynamics:
1. Market Drivers
1.1 Major demand for agricultural commodities.
1.2 Easy Handling of fertilizers.
1.3 Massive research in fertilizer technologies.
2. Market Restraints
2.1 Effects on environment of chemical fertilizers.
2.2 High growth of organic fertilizers.
Market Segmentation:
The Global Fertilizer Additives Market is segmented on basis of Application, Function, Form of Application, and Region.
1. By Application:
1.1 Ammonium Nitrate
1.2 Urea
1.3 Monoammonium Phosphate (MAP)
1.4 Diammonium Phosphate
1.5 Triple Super Phosphate
1.6 Ammonium Sulfate
2. By Function:
2.1 Anticaking Agents
2.2 Antifoaming Agent
2.3 Corrosion Inhibitors
2.4 Dedusting Agent
2.5 Hydrophobic Agent
3. By Form of Application:
3.1 Prilled Fertilizers
3.2 Granular Fertilizers
3.3 Powdered Fertilizers
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Rest of World
Competitive Landscape:
The major players in the market are as follows:
1. KAO Corporation
2. Filtra Catalysts & Chemicals Ltd.
3. Arrmaz
4. Forbon Technology
5. olsa Group
6. Clariant
7. Novochem Group
8. Amit Trading Ltd
9. Chemipol
10. Michelman
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Fertilizer Additives Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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