Market Overview:
Fertilizer additivesare supplemented with fertilizers in order to enhance its functionality. The
increasing demand for agricultural products coupled with the high demand for
essential nutrients and superior quality fertilizers has uplifted the demand
for the fertilizer additives. These additives are used as an anti-foaming,
anti-caking, de-dusting, and hydrophobic agents.
Competitiveanalysis:
The major players inthe fertilizer additives market
- ArrMaz Custom Chemicals, Inc. (U.S.)
- Holland Novochem B.V. (the Netherlands)
- Kao Corporation (Japan)
- Clariant AG (Switzerland)
- Hubei Forbon Technology Co. Ltd. (China)
- Michelman, Inc. (U.S.)
- Filtra Catalysts & Chemicals Ltd. (India)
- Chemipol SA (Spain)
- Amit Trading Ltd. (India)
- Tolsa SA (Spain)
Market Forecast:
The global fertilizeradditives market is growing due to increasing population coupled with
increasing demand for food. In addition to the increasing population, growing
demand for food, increase in the crop production, soil efficiency, and
high-quality yield is expected to drive the fertilizer additives market.
Additionally, increasing awareness regarding fertilizer additives has raised
the bar for quality, which, in turn, has increased the market share of
fertilizer additives globally. Mass market penetration is leading to the
introduction of new products based out of fertilizer additives and their retail
across various regions.
Moreover, increasingdemand for agricultural additives for crop productivity is projected to drive
the growth of the global fertilizeradditives market overview. The market players are responding to these newopportunities by expanding their product lines, which has boosted the share of
the fertilizer additives in the global market. The global fertilizer additives
market is expected to grow at a CAGR of 2.9% during the forecast period,
2017-2023.
Downstreamanalysis:
The global fertilizeradditives market is segmented into type, form, and function.
On the basis of thetype, it is segmented into ammonium nitrate, ammonium sulfate, mono-ammonium
phosphate, di-ammonium phosphate, triple superphosphate, urea, and others.
Among all, the urea fertilizer additives segment is dominating the market.
On the basis of theform, it is segmented into powder, granular, prilled, and others. The powdered
segment is dominating the market.
On the basis of thefunction, the fertilizer additives technology industry is segmented intoanti-foaming agent, anti-caking agents, corrosion inhibitors, hydrophobic
agent, de-dusting agent, and others. Among all the functions, the anti-caking
segment is dominating the market.
Regional Analysis:
The global fertilizeradditives industry report is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the
fertilizer additives market followed by North America owing to rising
population followed by increasing consumption of agricultural products in the
developing regions. Moreover, agriculture is the key business in India, which
is anticipated to drive the fertilizer additives market over the forecast
period.
Furthermore, the U.S.dominates the North American fertilizer additives market owing to increasing
consumer awareness and growing demand for fruits, vegetables, cereals, pulses,
and other crops, which is anticipated to boost the growth of the fertilizer
additives market during the review period.
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