Global Fertilizer Additives Market: Key Highlights
Global Fertilizer Additives Market: Key Market Dynamics
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Global Fertilizer Additives Market: Regional Overview
The market is expected to gain higher demand in the region owing to rising agricultural activities. Shortage in arable land, higher spending on enhancing agricultural activities are some of the other factors that drive the market in the North America region. Soaring demand for fertilizers in the region owing to higher need to increase agriculture productivity per acre. This, in turn, is expected to push the demand for additives to boost the overall fertilizer performance.
The demand for fertilizer additives in the region is expected to upsurge owing to growth in agriculture activities followed by favorable funding to boost the agriculture yield. Asia-Pacific is the promising region for the fertilizer consumption owing to a huge population in China and India and higher sustainability for urea. India is the third-largest consumer of the ammonia, following China and US for boosting the growth of the agricultural yield.
Global Fertilizer Additives Market: Key Players Overview
Arkema is the France-based specialty chemicals and advanced materials manufacturer. The company operates through advanced material, coating solution, adhesives, and intermediates business segment. Arkema offers a range of product for catering the need across consumer goods, nutrition & water, industry, transport & automotive, building & construction, paints & coatings, and electric, electronics and energy. In July 2019, the company acquired the ArrMaz (US), a company offering products for crop nutrition, mining and infrastructure sectors. The acquisition has contributed to adding specialties to the Arkema’s portfolio.
Novochem group is a Netherland-based company offering products used for water treatment, packaging coatings, and fertilizer additives engage through offering fertilizer additives for dust reduction, coloring, reducing moisture uptake and caking of the fertilizers. The company offers products for inhibiting corrosion, dust reduction, anticaking and imparting color to the fertilizers namely NovoCor, NovoDust, NovoFlow, NovoTech, NovoTin.
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