The global fertilizer additives market size is expected to reach USD 3.94 billion by 2024,
according to a new report by Grand View Research, Inc., registering a 3.2% CAGR
during the forecast period. A booming fertilizer industry is expected to have a
positive impact on the fertilizer additives market growth. Agriculture has been the
backbone of several developing countries such as India and China. In fact,
growth of the Indian economy can be attributed to the expansion of the
agriculture sector and its related industries. The market size of agriculture
and allied activities in India rose from USD 132.7 billion in the financial
year 2014 to USD 259.2 in the financial year 2015. This tremendous growth was
due to increased agricultural output. Rising use of fertilizers was one of the
major reasons for this boom in output.
Agriculture is an
important sector in the French economy as well. Around 60.0% of the land in
France is used for agriculture and related activities. It is one of the largest
producers of cereals, oilseeds, milk, and sugar beets. The reform of Common
Agricultural Policy was passed in France, which was aimed at maintaining environmental
balance, while indulging in agricultural activities. In 2015, this country
accounted for more than 18.0% of the European fertilizer additives market.
Access Research Report of Fertilizer Additives Market @: www.grandviewresearch.com/industry-analysis/fertilizer-additives-market
Further key findings from the report suggest:
· In terms of revenue, the anti-caking agent
function is anticipated to reach USD 1,510.5 million by 2024
· In terms of revenue, the anti-dusting
agents segment is projected to expand at a CAGR of 3.3% over the forecast
period
· By end product, urea dominated the global
fertilizer additives market with a share of 55.6% in 2015
· The North America fertilizer additives
market is anticipated to exceed USD 552.0 million by 2024
· Asia Pacific is projected to witness a CAGR
of 3.5% over the forecast period, owing to rapid developments in the
agriculture sector
· Market players adopt strategies such as
mergers and acquisitions, expansions, new product developments, joint ventures,
and collaborations in order to increase their market share
· Some of the key companies present in the
market are Clariant, KAO Corporation, Novochem Group, Filtra Catalysts &
Chemicals Ltd., Solvay, Arrmaz, Liven Agrichem Pte Ltd., Forbon Technology,
Michelman, Tolsa Group, ChemSol, LLC, and Amit Trading Ltd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has
segmented the global fertilizer additives market on the basis of end product,
function, and region:
Fertilizer Additives End Product Outlook (Revenue, USD
Million, 2013 - 2024)
·
Urea
·
Ammonium Nitrate
·
Ammonium Phosphate
·
Ammonium Sulfate
·
Others
Fertilizer Additives Function Outlook (Revenue, USD
Million, 2013 - 2024)
·
Corrosion Inhibitors
·
Hydrophobic Agents
·
Anti-dusting Agents
·
Anti-caking Agent
·
Others
Fertilizer Additives Regional Outlook (Revenue, USD
Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
India
o
China
·
Latin America
o
Brazil
·
MEA
Access Press Release of
Fertilizer Additives Market@: www.grandviewresearch.com/press-release/global-fertilizer-additives-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
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