Report : Fertilizer Additive Market to 2027 - Global Analysis and Forecasts by Function (Dust Control Agent, Anti-Caking Agent, Anti-Foam Agents, Granulation Aids, Corrosion Inhibitors, Hydrophobing Agents, and Others), Application (Mono Ammonium Phosphate, Triple Super Phosphate, Urea, Diammonium Phosphate, Ammonium Nitrate, and Others), Form (Granular, Prilled, and Powdered), and Geography
Dust control agent is expected to enhance the growth of global fertilizer additive market by function segment.
According to The Insight Partners market research study titled ‘Global Fertilizer Additive Market to 2027 – Global Analysis and Forecasts by Function, Application, Form and Geography.’ The global fertilizer additive market is expected to reach US$ 3,963.0 Mn in 2027 from US$ 3,216.2 Mn in 2018. The market is estimated to grow with a CAGR of 2.4% from 2019-2027. The report highlights the trends prevalent in the global fertilizer additive market and the factors driving the market along with those that act as deterrents to its growth.
Global fertilizer additive market was segmented based on function, application, and form. Based on the function the market is segmented as dust control agent, anti-caking agent, anti-foam agents, granulation aids, corrosion inhibitors, hydrophobing agents, and others. Based on application the market is segmented as mono ammonium phosphate, triple super phosphate, urea, diammonium phosphate, ammonium nitrate, and others. And on the basis of the form granular, prilled, and powdered.
The market for fertilizer additive is expected to grow, owing to factors such as robust growth of fertilizer industry, increasing population and decreasing arable land, and rising research and development in the fertilizers industry. However, the market is expected to have restricted growth due to environmental impact of chemical fertilizers.
The major players operating in the fertilizer additive market include Arkema Group, Solvay, KAO CORPORATION, Chemipol S.A., Chemsol LLC, Clariant, Dorf Ketal, Michelman, Inc., Omex Agriculture, Inc., and Novochem Group. The market has witnessed various growth strategies during recent years in the fertilizer additive market. For instance, July, 2019, Arkema announced completion of ArrMaz acquisition. ArrMaz is among the global market players operating in the business segments such as crop nutrition, mining and infrastructure markets. The acquisition has enabled Arkema to expand its customers in the sectors of crop nutrition, mining and infrastructure markets. Also, it has expanded its operating regions such as North America, South America, Asia, Middle East and Africa for these sectors.
Rest of Middle East Fertilizer Additive Market, By Regions, 2018 (%)
The report segments the global fertilizer additive market as follows:
Global Fertilizer Additive Market – By Function
Global Fertilizer Additive Market – By Application
Global Fertilizer Additive Market – By Form
Global Fertilizer Additive Market – By Geography