Global Fertilizer AdditivesMarket 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.
Full Research Report on Global Fertilizer
Additives Market Analysis:
http://www.grandviewresearch.com/industry-analysis/fertilizer-additives-market
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.
View
more reports of this category by Grand View Research at: 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
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Middle East & Africa (MEA)
View Press Release Of this research
report 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: www.grandviewresearch.com
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: www.grandviewresearch.com