Global fertilizer additives market was valued at USD 3.25 Billion in 2018. It is forecast to grow at 3.1% CAGR over the forecast period. Demand is expected to rise due to the strong growth of the fertilizer market and decreasing per capita arable soil.
Over the forecast period, the product's ability to prevent the loss of key nutrients like phosphorous and sulfur, as well as potassium, will be expected to increase the growth. It is also used to prevent corrosion and caking during transport and storage. It can also be used to prevent moisture and lump formation in fertilizers that are usually caused by humid climatic conditions.
The United States is one of North America's largest markets. The growing demand has been fueled by a revival of the agriculture sector. Due to the variations in storage temperatures, this product is most often used as an anti-caking ingredient in the United States.
Because they reduce the loss of nitrogen, potassium and sulfur due to volatilization, denitrification and leaching, additives can increase fertilizer nutrition. The most important additive is nitrogen-based products. This is because nitrogen is an essential component of plant growth.
These fertilizers are often mixed with water-soluble fertilizers, which increases the nitrogen ions' ability to stay in the soil for longer periods of time. These fertilizers are usually added to the soil shortly after it is made or during its manufacture.
The agrochemical market's consumption of fertilizers is a major factor in the demand for fertilizer ingredients. Both from a volumetric and value-based perspective, the future growth of fertilizer additives is heavily dependent on the harmonization of agricultural standards around the world and the indoctrination and adoption of new farming practices by farmers, particularly in economically backward countries like Africa, India, and Latin America. Based on empirical data, it is clear that food demand will drive food production, which in turn will lead to a need for fertilizer additives.
The product's major functions include anti-caking, anti–dusting, erosion inhibitors, as well as anti-coating. Anti-caking was the most popular function in the market for fertilizer additives in 2018, as it is particularly important during monsoon. Because fertilizer flakes form when they are kept during monsoon, this is because of the fact that the monsoon season is the best time to store them. Using additives makes it possible to transport fertilizers safely and securely.
Anti-dusting was ranked second in importance of the product's 2018 function. Anti-dusting is essential for fertilizers that are being transported or stored where dust could be a problem.
Also known as water repellents, hydrophobic agents can also be called water repellents. They prevent moisture from affecting the quality of fertilizers. The content of fertilizers' essential nutrients, such as nitrogen, potassium, and phosphorus is affected by moisture.
Urea dominated the 2018 end-product segment. Urea can be readily synthesised and is easily available, making it one of the most widely used nitrogenous fertilizers. The emerging markets like Brazil and India will see a growing demand for Urea. Urea is highly nutritious and a popular choice for farmers. It is also easily available on the market, and farmers use it extensively, especially in the emerging Asia Pacific region.
The major source of nitrogen is ammonium nitrate. It contains both nitrates and ammonia. It is cost-effective and has a high nutritional content, making it a popular choice among farmers. It is second in use after urea. Ammonium nitrate is becoming more popular in Latin America and Asia Pacific, which are price-sensitive areas. The low price and high ammonium and nitrogen content of ammonium nitrate are two reasons for the rising demand.
High levels of phosphorus are a hallmark of ammonium phosphate, which is essential for fertilizers. It is also known to absorb moisture in both the field and in storage. These problems are avoided by fertilizers' hydrophobic qualities. Based on the application, there is a choice of two types ammonium-phosphate fertilizers: diammoniumphosphate (DAP) or ammonium polyphosphates APP.
From 2019 to 2025, the Asia Pacific market has the highest CAGR at 3.3% in terms of revenue. Over the forecast period, the strong growth of emerging economies like India and China's agriculture sector is expected to increase the demand for additives. Agriculture is a key sector that determines the region's GDP, such as India and China and Bangladesh and Sri Lanka.
North America is expected to grow at the second highest CAGR in the next year. Urea and ammonium Nitrate are the dominant fertilizer additives markets in North America. The increasing demand for fertilizers in North America is due to the growth of the crop nutrient management industry.
Europe has a lot of land and good weather conditions that have made it possible to grow multiple crops. The European Commission has established various regulations for manufacturing and the use of the product. The Commission requires that additive manufacturers obtain approval for active ingredients before they can launch a product.
The market has become highly stable due to ongoing research and development in the fertilizers field. KAO Corporation, Novochem Group and Filtra Catalysts & Chemicals Ltd, among others, are investing in research & Development to increase their product offerings and gain a significant market share.
Other players like ChemSol LLC and Michelman, Tolsa Group and Amit Trading Ltd are also looking to increase their global presence through mergers & acquisitions and collaboration & joint ventures as well as new product development.
This report forecasts revenue growth at the country and regional level. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Grand View Research, Inc. analyzed the market for fertilizer additives on the basis function, country, and end-product.
Function Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)
Corrosion inhibitors
Hydrophobic Agents
Anti-dusting Agents
Anti-caking Agent
Slow Release Coatings
Urea
Ammonium Nitrate
Ammonium Phosphate
Other
Other
End-product Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)
Urea
Ammonium Nitrate
Ammonium Phosphate
Ammonium Sulphate
Other
Regional Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)
North America
The U.S.
Canada
Europe
Germany
UK
France
Italy
Asia Pacific
China
Japan
India
Central & South America
Brazil
Middle East & Africa
b. Global fertilizer additives market was valued at USD 3.35 Billion in 2019, and is forecast to grow to USD 3.45 Billion by 2020.
What is the market growth for fertilizer additives?b. Global fertilizer additives demand is expected to rise at a compound annual rate of 3.1% between 2019 and 2025, reaching USD 4.01 billion in 2025.
Which segment had the largest market share for fertilizer additives?b. With a market share of 59.5%, Asia Pacific dominated fertilizer additives in 2019, This is due to the robust growth of emerging economies like India and China's agriculture sector.
Which are the major players in the fertilizer additives marketb. KAO Corporation, Novochem Group Clariant Solvay and Filtra Catalysts & Chemicals Ltd. are some of the key players in the market for fertilizer additives.
What are the driving factors for the market for fertilizer additives?b. The market growth is driven by strong growth in the fertilizer industry, rising population and decreasing per capita arable land.
Up Market Research published a new report titled “Fertilizer Additives Market research report which is segmented by Function (Corrosion Inhibitors, Hydrophobic Agents), by End-product (Urea, Ammonium Nitrate), By Players/Companies KAO Corporation, Novochem Group, Solvay, Clariant, Filtra Catalysts & Chemicals Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Fertilizer Additives Market Research Report |
By Function | Corrosion Inhibitors, Hydrophobic Agents |
By End-product | Urea, Ammonium Nitrate |
By Companies | KAO Corporation, Novochem Group, Solvay, Clariant, Filtra Catalysts & Chemicals Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Function (Corrosion Inhibitors, Hydrophobic Agents), by End-product (Urea, Ammonium Nitrate).
Fertilizer Additives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Fertilizer Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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