Fertilizer Additives Market by form Type (granular, prilled and powdered) by product type (corrosion inhibitors, hydrophobic agents, anti-dusting agents, anti-caking agents, and anti- foaming) by application (mono ammonium phosphate, triple super phosphate, urea, diammonium phosphate) Global Analysis, Industry and Forecast 2018-2026. The Fertilizer Additives market is valued USD 3.1 billion in 2017 and is projected to reach approximately USD 4.1 billion by 2026, at a CAGR of about 3 % during the forecast period 2017 to 2026.
Additives are principally used to inhibit loss of key nutrients such as nitrogen, phosphorous, potassium, and sulphur. Additives are deployed during storage and transportation of fertilizers to prevent the formation of caking and lumps of fertilizers, due to fluctuating storage temperatures. Additives helps in maintaining the quality of fertilizers. Rise in demand for agricultural commodities has further propel led the market growth. Fertilizer additive growth is totally depended on fertilizer industry.
Anticaking is dominating segment in Fertilizer additive market.
As fertilizer used is mostly in powdered form caking is a usual problem that occurs during the processing, storage, and transportation of fertilizers. As fertilizers are hygroscopic, salt bridge forms in the process of evaporation and recrystallization. Caked fertilizers are difficult to utilise and can cause spreading problems. This may result into reduced yield of crop.
Granular segment is leading the fertilizer market by form type.
The effect of granular fertilizer last longer because the solid is absorbed at a slower rate. The release period of granules can vary from a month up to nine months. An advantage of slow-release granular fertilizer is that you do not have to apply it often.
Urea is a most popular in fertilizer additive industry.
Urea is extensively used fertilizer owing to its low cost and ease in manufacturing. Urea works distinct for all crops and increases the yields by great proportions. There are no explosion hazards caused by urea fertilizer. The nutrient composition rendered by urea enhances the productivity of the soil and enriches its nutrient constituency. Providing each plant with relevant elements needed, urea sustains plant life. Hence urea has gain an immense popularity in fertilizer additive market.
Asia Pacific region is predicted to grow at faster CAGR in forecast.
Asia Pacific holds a more than half share of fertilizer additives market. China and India are major consumers of this product owing to the wide agricultural zones in these countries.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Solvay, Clariant, Novochem Group Calnetix Technologies LLC, KAO Corporation, and Filtra Catalysts & Chemicals Ltd., Amit Trading Ltd., Tolsa Group, Chemipol, ChemSol LLC, Arrmaz, Forbon Application, Clariant, KAO Corporation, Amit Trading Ltd., Novochem Group, Filtra Catalysts & Chemicals Ltd., Arrmaz, Chemipol, Forbon Application, Michelman, and Tolsa.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Global Fertilizer additives market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Fertilizer additives market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Fertilizer additives market positioning of competitors.
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