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MarketsandMarkets Presents Fertilizer Additives Market by Function, Application, Region

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Presentation on theme: "MarketsandMarkets Presents Fertilizer Additives Market by Function, Application, Region"— Presentation transcript:

1 MarketsandMarkets Presents Fertilizer Additives Market by Function, Application, Region - 2021

2 The report "Fertilizer Additives Market by Function (Anticaking, Dedusting, Antifoaming, Hydrophobic, and corrosion Inhibitor), Application (Urea, Ammonium Nitrate, DAP, MAP, Ammonium Sulphate, and TSP), Form of Application, and Region - Global Forecast to 2021", The fertilizer additives market is projected to grow at a CAGR of 2.6%, to reach a projected value of USD 2.91 Billion by 2021.Fertilizer Additives Market Fertilizer additives are the substances that improve or enhance the quality and integrity of fertilizers. These are specially engineered and developed to encounter problems such as foaming, dedusting, moisture, and caking among others. The demand of fertilizer additives is entirely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technologies in fertilizer production, and the increasing willingness of farmers to spend more for higher productivity are some important factors that contribute to the increasing demand for fertilizer additives. Make an Inquiry https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=110688277 https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=110688277

3 Anticaking segment to dominate the fertilizer additives market Caking is a problem that occurs during the processing, storage, and transportation of fertilizers. Since fertilizers are hygroscopic, salt bridge forms in the process of evaporation and recrystallization. Caked fertilizers are difficult to use and can cause spreading problems. This can lead to a reduction in yield and crop quality. Since most fertilizers are sold in granular, prilled, and powdered form, the anticaking segment of the fertilizer additives market accounted for the largest market share in the global market in 2015. Urea segment accounted for the largest share in 2015 Worldwide, urea is one of the most widely used dry granular sources of nitrogen. It is preferred by the fertilizer manufacturing industry since it is relatively easy to manufacture. Urea usually has the lowest cost per pound of nitrogen compared to other single-element nitrogen fertilizers. However, urea undergoes unique chemical transformations when stored or transported, and severe losses in quality may result if proper additives are not used while manufacturing the fertilizer. Hence, fertilizer additives are used on a large scale for the manufacturing of Urea. Key players considered in the analysis of the fertilizer additives market are Clariant Mining Solutions (Switzerland), KAO Corporation (Japan), Novochem Group (Netherlands), and ArrMaz (US). Other players such as Filtra Catalysts & Chemicals Ltd. (India), Amit Trading LTD. (Israel), Chemipol (Spain), Michelman (US), Tolsa Group (Spain), and Forbon Technology (China).

4 Major Market Developments In April 2016, Clariant Mining Solutions set up additional production capacity for Phosphate Esters (P-Esters) at its plant in Gendorf, Germany, to extend its existing production capacity at its Knapsack facility. Phosphate Esters (PEsters) were used as emulsifiers, wetting and dispersing agents, antistatic agents, and as additives for fertilizers. In January 2016, Filtra Catalysts and Chemicals Ltd became a subsidiary of Dorf Ketal Chemicals. The acquisition helped Dorf Ketal Chemicals to expand its operations in India for adsorbents and catalysts for downstream hydrocarbon industries such as oil refineries, petrochemicals, and fertilizer plants. In November 2015, ArrMaz opened its new chemical manufacturing plant located at AL Jalamid in Saudi Arabia. The AL Jalamid plant produces a full range of custom formulated process aids, additives for the processing of phosphate ore, and the production of phosphate fertilizers to support the growth of the Saudi phosphate industry. China and Brazil constituted the largest country-level markets in the Asia-Pacific and Latin American regions, respectively, in 2015. Government initiatives such as subsidies and incentive schemes, increase in awareness regarding the benefits of fertilizers, and increase in farm expenditure have led to the use of additives on a large scale in the manufacturing of fertilizers. Asia-Pacific dominated the market and accounted for the largest market share globally in 2015. https://www.marketsandmarkets.com/Market-Reports/fertilizer-additive-market-110688277.html

5 About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.


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