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 research report on Global
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.
Access research insights of this category by Grand View
Research: http://www.grandviewresearch.com/research-insights/fertilizer-additives-market-insight-forecast
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)
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
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