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Global fertilizer additives market valued at USD 2.51 Billion in 2015
Sep. 7, 2016
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IndiaAccording the report "Fertilizer Additives Market - Global Forecast to 2021" from markets and markets,the global fertilizer additives market was valued at USD 2.51 Billion in 2015; the market is projected to grow at a CAGR of 2.6% from 2016 to 2021.
With the increasing pressure on global food production and development in technologies of fertilizer production, the demand for fertilizers is expected to increase, which in turn would enhance the growth of the fertilizer additives market.
The value chain comprises key manufacturers in the fertilizer additives market; these include Clairant (Switzerland), KAO Corporation (Japan), Novochem Group (Netherlands), and ArrMaz (U.S.), which have diversified product portfolios, proprietary technologies, and strong distribution networks and offices at strategic locations across the globe. These companies are focusing on quality and innovation to meet the environmental regulations and cater to the growing demand in the fertilizer industry.
Other players include Filtra Catalysts & Chemicals Ltd. (India), Amit Trading LTD. (Israel), Chemipol (Spain), and Forbon Technology (China). Maximum value addition to a product in the global fertilizer additive industry is observed in the stages of research & product development.
Source: MarketsandMarkets (M&M)
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