The Global Fertilizer Additives Market is estimated at USD 2.57 billion in 2016 and estimated to be growing at a CAGR of 2.6%, to reach USD 2.92 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/01/2018 -- According to a new market research report " Fertilizer Additives Market by Function (Anticaking Agents, Dedusting Agents, Antifoaming Agents, Hydrophobic Agent, Corrosion Inhibitors), by Application (Urea, Ammonium Nitrate, Diammonium Phosphate, Monoammonium Phosphate, Ammonium Sulphate and Triple Super Phosphate), by Form of Application (Granular Fertilizers, Prilled Fertilizers and Powdered Fertilizers), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the market is expected to reach USD 2.92 Billion by 2021 from USD 2.57 Billion in 2016, at a CAGR of 6.9%. Factors driving the growth of this market the increase in demand for higher yield crops and ease of use and application resulting in the growth of the market.
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Anticaking agents accounted for the largest market share in 2016
The Fertilizer Additives Market is categorized into Anticaking Agents, Hydrophobic Agent, Antifoaming Agents, Corrosion Inhibitors, Dedusting Agents; by function. In 2016, the biggest share of Fertilizer Additives Market is contributed by the anticaking segment . Factors driving the growth of this segment is that caking is one of the major issues faced by farmers & manufacturers owing to anticaking agents demand.
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The urea segment dominated the market in 2016
By application, the market is segmented into Urea, Ammonium Nitrate, Ammonium Sulphate, Diammonium
Phosphate, Monoammonium Phosphate and Triple Super Phosphate. The highest share of the global Fertilizer Additives Market in 2016 is contributed by the urea segment. This is due to the rise in demand for urea since it is a booster for fertilizer growth.
Granular fertilizers commanded the largest share of the market
On the basis of form of application, the Fertilizer Additives Market is categorized into Prilled Fertilizers, Granular Fertilizers and Powdered Fertilizers. The largest share of the global Fertilizer Additives Market is accounted by the granular fertilizers segment and is expected to continue the trend during the forecast period since that way of using fertilizers is the most effective way.
North America is estimated to command the largest share of the market
Based on region, the Fertilizer Additives Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). Asia – Pacific dominated the Fertilizer Additives Market in 2016 followed by North America. This is attributed to factors such as high rate of adoption of new technologies in fertilizer production.
Some of the major companies dominating the Fertilizer Additives market include Novochem Group, Clariant, Arrmaz, Filtra Catalysts & Chemicals Ltd., KAO Corporation, Michelman, Amit Trading Ltd., Chemipol, Forbon Technology, Tolsa Group.
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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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