Zion Market Research, the market research group announced the analysis report titled ‘Fertilizer Additives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Fertilizer Additives Market: Overview
Fertilizers are natural or synthetic materials applied to the soil or plant tissues in order to supply essential nutrients for the growth of plants. Fertilizer additives are used in the crop field to enhance the quality of the fertilizers and soil and provide stability. They retain nutrients in the soil such as potassium, nitrogen, sulfur, and phosphorus and prevent corrosion of the transportation container. They also offer anti-caking and anti-foaming characteristics to the fertilizer. The foam may cause serious problems to surface coatings. Fertilizers could help to trigger insufficient absorption of nutrients by soil and plants, which leads to loss of soil fertility and retard plant growth. Some chemical formulae are available to prevent foam formation. Few fertilizers are available in a powdered or granular form and the formation of the casing is higher in these materials, which results in product loss. In order to avoid such situation, anti-caking agents are used that facilitate easy consumption, packaging, and transport. These fertilizer additives are used in the production stage of the fertilizers or they have mixed while their application in the field.
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Global Fertilizer Additives Market: Growth Factors
The popularity of the fertilizer additives is increasing among the farmers for prevention of essential nutrients, which may drive the global fertilizer additives market in future. They also perform several important functions such as anti-dusting agents, corrosion inhibitors, and hydrophobic agents during storage and transportation this is anticipated to boost the growth in the global market.
Global Fertilizer Additives Market: Segmentation
The global fertilizer additives market is categorized based on form as granules, powder, pills, and others. Based on the application the global market is classified as mono ammonium phosphate, triple super phosphate, urea, diammonium phosphate, ammonium sulfate, ammonium nitrate, and others. Furthermore, the global fertilizer additives market is divided based on function as corrosion inhibitors, antifoam agents, anti-caking agents, hydrophobic agents, dedusting agents, and others.
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Global Fertilizer Additives Market: Regional Analysis
Asia Pacific holds the largest market share across the world. China and India accounted for the largest market share due to vast agricultural zones in these countries. Agriculture is the primary occupation in India; this is expected to drive the global market in the coming years in this region. Japan also shows a significant growth owing to the presence of large consumers. North America is another region, which is growing at faster to grab the largest market chunk. The U.S. is the leading region as it is witnessing the resurgence of the agriculture sector. In addition, nutrient management planning has resulted in increased demand for fertilizer additives in this region. Agriculture is the main occupation, which is responsible for the growth of the smaller towns in this region. Europe also contributed to higher growth. The growth in agriculture and fertilizer industries is slowed due to economic depression. However, use of the ammonium nitrate fertilizers prohibitive in this region may hinder the growth of the global fertilizer additives market to some extent.
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Global Fertilizer Additives Market: Competitive Players
Major players dominating the global fertilizer additives market are Solvay, Clariant, Novochem Group Calnetix Technologies LLC, KAO Corporation, and Filtra Catalysts & Chemicals Ltd. Other influencing players include Amit Trading Ltd., Tolsa Group, Chemipol, ChemSol LLC, Arrmaz, and Forbon Technology.
Global Fertilizer Additives Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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