Fertilizer Additives Market Forecasted Double-Digit Growth Rate Through 2023 | Clariant, KAO Corporation, Amit Trading Ltd., Novochem Group

Global Fertilizer Additives Market was valued at $3,170 million in 2016 and is expected to reach $3,741 million by 2023, registering a CAGR of 2.3% from 2017 to 2023. Fertilizer additives are added to the fertilizers to stimulate their productivity.

The demand for higher agricultural yields are met with the subsequent demands for primary nutrients and high quality of fertilizers, which in turn is responsible for the increase in the demand for the fertilizer additives. Moreover, fertilizer additives improve the quality and stability of fertilizers and soil, avoid loss of nutrients such as nitrogen, phosphorus, potassium, and sulfur, and prevent corrosion of the container used for transportation. They also provide anti-foaming and anti-caking characteristics to the fertilizer.

Key players, which include Clariant, KAO Corporation, Amit Trading Ltd., Novochem Group, Filtra Catalysts & Chemicals Ltd., Arrmaz, Chemipol, Forbon Technology, Michelman, and Tolsa Group invest in R&D activities to develop advanced products to cater to the requirements of the market.

The other players in the value chain (profiles not included in the report) include Solvay, Calnetix Technologies LLC, Chemsol, British Sulphur, Cameron Chemicals, Lignotechagro, Europiren B.V, Golden Grain Group Limited, Rock Chemie Co., Volant Chem and Saudi Specialty Ind., and Chemical Co. Ltd.

Download Sample PDF Brochure at: https://www.alliedmarketresearch.com/request-sample/2327

The fertilizer additives market is segmented based on type, application, form, and geography. Based on type, the market is classified into dust control agent, anti-caking agent, colorants, corrosion inhibitors and hydrophobing agents, anti-foam agents, and granulation aids. Based on application, it is categorized into mono ammonium phosphate, triple super phosphate, urea, diammonium phosphate (DAP), ammonium nitrate/calcium ammonium nitrate, and others (potassium chloride and potassium magnesium sulfate).

Based on form, it is divided into granular, prilled, and powdered. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Demand for additives is on an increase to inhibit loss of key nutrients such as nitrogen, phosphorous, potassium, and sulfur. Moreover, these additives are deployed during storage and transportation of fertilizers to prevent the formation of caking of fertilizers, due to fluctuating storage temperatures. In addition, these additives find enhanced usage to prevent formation of lumps in fertilizers during rainy season owing to increase/decrease of storage temperatures. Thus, additives play an essential role in maintaining the quality of fertilizers. Moreover, rise in demand for agricultural commodities further boosts the market growth.

The global fertilizer additives market provides various opportunities to the market players, owing to advancements in fertilizer industry and rapid growth in the global economy. Moreover, the decreasing the arable land, adoption of new technologies in production of fertilizers, and the increase in willingness of farmers to spend more for higher productivity are some of the factors that augment the demand for fertilizer additives. However, harmful environmental effects posed by the increased use of chemical fertilizer is expected to hinder the market growth to some extent.

Top Investment Pockets

Anti-caking agent segment is expected to project highest growth rate owing its increased usage during transportation, consumption and packaging of fertilizer as it prevents formation of lumps in fertilizers. In addition, these additives are also deployed during production stage of fertilizer as well as during their utilization at fields.

Do Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2327

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.