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.
The market for fertilizer additives corresponds to fertilizer demand. Greater the demand for fertilizers, greater would be the need for additives. Fertilizer additives are developed to analyses problems such as foaming, dusting, hydrolysis, corrosion and caking. The growth of fertilizer additives is proportional to the fertilizer industry. Additives are added to fertilizer to maintain the quality and functioning ability. A rise in demand of agriculture commodity will further boost the market.
Based on additives function, the fertilizer additives market is segmented into corrosion inhibitors, hydrophobic agents, anti-dusting agents, anti-caking agents, and anti-foaming. Anti-caking agents dominated the fertilizer additives market followed by anti-dusting agents, hydrophobic agent. Caking is generally caused by varying temperature and moisture contact.
Based on the form, fertilizer additives market is categorized into Granular, prilled, and powdered. The Granular category is growing at a rapid pace and anticipated to maintain its growth throughout the forecast period. Granulation has a very effective on plant growth, by slow and controlled release of nutrients, by inhibiting the run-off of fertilizer salts, and by making NPK Product uniform. The powdered fertilizers occupied nearly one-fifth of the total market
Urea, ammonium nitrate, mono ammonium phosphate, ammonium sulfate, diammonium phosphate, and triple superphosphate. Urea is one of the most popularly used dry Granular sources of nitrogen, easy to manufacture. Low cost per pound of nitrogen, easily synthesized and is readily available compared to other nitrogen fertilizers. Severe losses in quality may result if proper additives are not used while manufacturing the fertilizer. Urea undergoes unique chemical transformations when stored or transported.
Regional segmentation of fertilizer additives market can be done into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. The Asia Pacific holds a more than half of the total fertilizer additives market due to a massive agriculture sector in the region, India’s economy is completely agro-based. Agriculture is the primary occupation in India; this is expected to drive the global market in the coming years in this region. North America is another region, which is growing at faster to hold the largest market share. Nutrient management planning has resulted in increased demand for fertilizer additives in this region followed by Europe, Latin America.
Key Players Profiled and Analysed in the Report
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 are some of the keyplayers of fertilizer additives market.
Scope of the fertilizer Additives Market Report
Fertilizer Additives Market By Form Type:
Granular
Prilled
Powdered
Fertilizer Additives Market By Function Type:
Hydrophobic Agents
Anti-dusting Agents
Anti-caking Agent
Antifoaming
Corrosion Inhibitor
Fertilizer Additives Market By Product Type:
Urea
Ammonium Nitrate
Mono Ammonium Phosphate
Ammonium Sulfate
Diammonium Phosphate
Triple Super Phosphate
Fertilizer Additives Market By Region:
Asia Pacific
Europe
North America
Middle East & Africa
Latin America
Key Players Analysed in the Fertilizer Additive Market:
Solvay
Clariant
Novochem Group Calnetix Technologies LLC
KAO Corporation
Filtra Catalysts & Chemicals Ltd.
Amit Trading Ltd.
Tolsa Group
Chemipol
ChemSol LLC
Arrmaz
Forbon Application
Michelman
Calnetix Technologies LLC,
Chemsol
British Sulphur
Cameron Chemicals
Lignotechagro
Europiren B.V
Golden Grain Group Limited
Rock Chemie Co.
Volant Chem
Saudi Specialty Ind. and Chemical Co. Ltd.
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