, February 12, 2018 ) The North America Fertilizer Additives Market
was worth USD 0.67 billion in 2016 and estimated to be growing at a CAGR of 2.73%, to reach USD 0.76 billion by 2021. The market is showing immense potential in the given forecast period. The North America Fertilizer Additives Market continues to grow with the increase in demand for the fertilizers, due to increasing pressure on food production in North America and development in technology of fertilizer production.
Fertilizer Additives are compounds added to the fertilizers in order to enhance their productivity. The demand for high yields in agriculture are met with the subsequent requirements for high quality fertilizers and primary nutrients, which in turn is responsible for the increase in the demand for the Fertilizer additives.
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The Research and development in fertilizer manufacturing technology has led to an evident growth of the market of fertilizer additives. Other key factors driving the growth of North America Fertilizer Additives Market include, ease of application and handling of fertilizers, rising demand for agricultural commodities and demand for higher yield crops. Further, factors such as environmental impact of chemical fertilizers, growth of organic fertilizer industry, adverse effects of agrochemicals on human health and stringent government regulations are hindering the North America Fertilizer Additives Market growth.
The North America Fertilizer Additives Market is segmented on the basis of function, application and form of application. Based on function, the market is segmented into Anticaking Agents, Dedusting Agents, Antifoaming Agents, Hydrophobic Agent, and Corrosion Inhibitors. The Anti-caking segment dominates the North America Fertilizer Additives Market in 2016 and is projected to grow at the highest CAGR among all sub segments. By Application, the market is categorised under Urea, Ammonium Nitrate, Diammonium Phosphate, Monoammonium Phosphate, Ammonium Sulphate and Triple Super Phosphate. Similarly, on the basis of form of application the segmented under Granular Fertilizers, Prilled Fertilizers and Powdered Fertilizers. On the basis of geography, the North America Fertilizer Additives Market is analysed under two countries namely United States and Canada.
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Some of the major companies leading the North America Fertilizer Additives Market include Clariant, KAO Corporation, Michelman, Novochem Group, Arrmaz, Amit Trading Ltd., Filtra Catalysts & Chemicals Ltd., Forbon Technology, Chemipol, Tolsa Group.
Y-o-Y Growth Analysis, By Function
Market Attractiveness Analysis, By Function
Market Share Analysis, By Function
Triple Super Phosphate
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
3) Form of Application
Y-o-Y Growth Analysis, By Form of Application
Market Attractiveness Analysis, By Form of Application
Market Share Analysis, By Form of Application
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