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Fertilizer Additives Market : Anti-Caking Agents Continue to Remain a Vital Revenue Pocket for Fertilizer Additives Manufacturers || Key Players: Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC.
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Innovative Manufacturing Processes and Use of Modern Materials to Open Gateways to New Opportunities
Technological advancements continue to influence the fertilizer additives market with manufacturers focusing their efforts on the development of new and cost-effective techniques for the production of fertilizer additives. For instance, a new procedure developed for manufacturing fertilizer additives extracts micronutrients from already used alkaline batteries. The method is gradually gaining traction owing to its property of aiding in waste reduction while providing the essential nutrients required for the growth of plants. In this procedure, zinc and manganese from the alkaline batteries are collected and cleaned to be used as fertilizer additives.
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Burgeoning Demand for Nitrogen-based Fertilizers to Uphold Fertilizer Additives Market Growth
Nitrogen is a key element which is required in a plethora of metabolic functions in plants. Being an essential component required in the production of amino acids, nitrogen-based fertilizers influence protein production in plants and aid in increasing the crop yield of the soil owing to which demand for such fertilizers is on the rise. The Fact.MR study suggests nitrogen-based fertilizers will continue gaining increasing penetration with their widespread adoption in the production of fruits, horticulture, fodder crops, and oilseeds. A recent instance that alludes to the growing popularity of nitrogen-based fertilizers was when it was reported that there was a shortage of nitrogen fertilizers in the US in August 2018.
Some of the leading players in the fertilizer additives market are Arkema SA, Clariant AG, Michelman, Inc., Chemipol SA, Timac Agro USA, Dorf Ketal, ArrMaz, Fertibon Products Pvt. Ltd., Hubei Forbon Technology Co Ltd., Neelam Aqua & Specialty Chem (P) Ltd., Novochem Group, KAO Chemicals, Tolsa Group, Solvay, and Chemsol LLC. These companies continue to focus on consolidating their position in the fertilizer additives market.
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