The global fertilizer additives market is
projected to reach USD 3.94 billion by 2024, according to a new report by Grand
View Research, Inc. Growing fertilizer industry and shrinking arable land are
projected to drive the market over the forecast period.
Additives are added to
fertilizers in order to inhibit the loss of key nutrients such as nitrogen
phosphorus, potassium, and sulfur, among others. The additives, which are
available in both, solid and liquid forms, are used during storage and
transportation of fertilizers.
Anti-caking was the most
popular function of additives in 2015. Caking of fertilizers is one of the
major problems faced by farmers, retailers and manufacturers, particularly
during rains. Change in storage temperatures also results in caking. Additives
are used to overcome these challenges.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/fertilizer-additives-market
Further key findings from the report suggest
·
Urea dominated the end product segment in
2015 with a share of 55.6%. it is widely used globally, since it contains the
highest amount of nitrogen among all fertilizers. Factors such as shrinking
arable land have increased the importance of products such as urea and ammonium
nitrate, which help in cultivation in a short span of time, in limited
available land.
·
Anti-caking dominated the function segment
in 2015. This segment is projected to grow at the highest CAGR of 3.7 over the
forecast period. Additives are used to avoid the formation of lumps in
fertilizers, enabling safe storage and transportation.
·
Asia Pacific led the global market with a
share of 58.8% in 2015. This region is home to some of the emerging countries
such as China and India. The market in India, where, agriculture is the primary
occupation, is projected to drive the market from 2016 to 2024.
·
The weather in this part of the world gets
hot and humid during summer, which can lead to caking and loss of essential
nutrients in fertilizers. Thus, additives are expected to play an important
role in maintaining the quality of fertilizers in this region.
·
Clariant, KAO Corporation, Novochem Group,
and ChemSol, LLC are some of the key manufacturers of additives. Other players
include Filtra Catalysts & Chemicals Ltd., Solvay, Arrmaz, Chemipol, Forbon
Technology, Michelman, Tolsa Group, and Amit Trading Ltd.
·
The companies adopted various development
strategies such as new product developments, expansions, mergers &
acquisitions, and agreements, partnerships, & joint ventures to establish
themselves as market leaders and expand their global reach.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has
segmented the global fertilizer additives market on the basis of application
and region:
Fertilizer Additives Function Outlook (Revenue, USD
Million, 2013 - 2024)
·
Corrosion Inhibitors
·
Hydrophobic Agents
·
Anti-dusting Agents
·
Anti-caking Agents
·
Others (Anti-foaming Agents and Coating
Agents)
Fertilizer Additives End Product Outlook (Revenue, USD
Million, 2013 - 2024)
·
Urea
·
Ammonium Nitrate
·
Ammonium Phosphate
·
Ammonium Sulfate
·
Others (Monoammonium Phosphate, Triple
Super Phosphate)
Fertilizer Additives Regional Outlook (Revenue, USD
Million, 2013 - 2024)
·
North America
o U.S.
·
Europe
o Germany
o France
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
·
Middle East & Africa (MEA)
Access
press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-fertilizer-additives-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For
more information: http://www.grandviewresearch.com
No comments:
Post a Comment