#Nitrogenous Fertilizers Market Share
Explore tagged Tumblr posts
Text
The growing population has increased concerns about food security, which in turn has led to the need to use nitrogenous composts to provide essential soil additions that will improve the quality of the soil and ultimately yield higher yields.
#Nitrogenous Fertilizers Market#Nitrogenous Fertilizers Market size#Nitrogenous Fertilizers Market growth#Nitrogenous Fertilizers Market share#Nitrogenous Fertilizers Market analysis#Nitrogenous Fertilizers Market demand
0 notes
Text
Market Share Analysis of NPK Fertilizers: Leading Players and Forecasts (2025-2034)
NPK Fertilizers Market Overview
The NPK fertilizers market was valued at USD 22,548.5 million in 2021 and is projected to grow steadily from USD 23,067.1 million in 2024 to USD 27,047.2 million by 2030. This growth reflects a compound annual growth rate (CAGR) of 2.30% during the forecast period (2024-2030). The rising adoption of advanced farming techniques and the enhanced crop protection provided by NPK fertilizers are key contributors to this market expansion. Additionally, the increasing consumption of meat and dairy products, along with heightened awareness regarding food and feed quality, are significant drivers boosting market growth.
Key Market Drivers
Enhanced Crop Protection: NPK fertilizers improve soil fertility and crop yield, providing essential nutrients like nitrogen, phosphorus, and potassium.
Increased Meat and Dairy Consumption: Growing demand for high-quality animal products drives the need for nutrient-rich feed, propelling fertilizer demand.
Rising Awareness of Food Quality: Consumers are more conscious of food safety and nutritional content, encouraging the use of fertilizers that ensure better crop quality.
Key Market Dynamics
Technological Advancements: Innovations in fertilizer formulation and precision farming techniques are shaping market trends.
Regulatory Policies: Government regulations regarding sustainable farming practices and fertilizer usage influence market growth.
Environmental Concerns: The need to balance agricultural productivity with environmental sustainability drives research and development in eco-friendly fertilizers.
Key Market Opportunities
Emerging Markets: Expanding agricultural activities in developing regions present growth opportunities.
Organic and Sustainable Farming: Rising demand for eco-friendly fertilizers opens new avenues for market players.
Technological Integration: Adoption of smart farming techniques and precision agriculture offers potential for market expansion.
Market Segmentation
By Nutrient Type:
Nitrogen-Based Fertilizers: Essential for plant growth and chlorophyll production.
Phosphorus-Based Fertilizers: Promote root development and flowering.
Potassium-Based Fertilizers: Enhance disease resistance and improve crop quality.
By Crop Type:
Cereals and Grains: Major consumers due to high nutrient requirements.
Fruits and Vegetables: Demand driven by the need for superior quality and yield.
Oilseeds and Pulses: Fertilizers boost oil content and protein levels.
By Form:
Solid Fertilizers: Widely used due to ease of application and storage.
Liquid Fertilizers: Preferred for precision farming and controlled nutrient delivery.
Segment Insights
Nitrogen-Based Fertilizers dominate the market due to their critical role in plant metabolism.
Cereals and Grains segment holds the largest market share, driven by global food demand.
Liquid Fertilizers are gaining popularity in precision farming for their efficiency and effectiveness.
Key Players in the NPK Fertilizers Market
Yara International ASA
The Mosaic Company
Nutrien Ltd.
EuroChem Group AG
Haifa Group
Israel Chemicals Ltd. (ICL)
CF Industries Holdings, Inc.
Agrium Inc.
Borealis AG
K+S Aktiengesellschaft
Regions Covered
North America: Significant market share due to advanced agricultural practices and high awareness of crop quality.
Europe: Growth driven by sustainable farming initiatives and strict regulatory policies.
Asia-Pacific: Fastest-growing region with rising agricultural activities and food demand in countries like China and India.
Latin America: Increasing adoption of modern farming techniques is boosting fertilizer demand.
Middle East & Africa: Growing agricultural sector and government support for food security are key growth factors.
In summary, the NPK fertilizers market is poised for steady growth, driven by technological advancements, rising food demand, and increasing awareness about sustainable agriculture. Key players are focusing on innovation and expanding their presence in emerging markets to capitalize on growth opportunities.
Discover more Research Reports on Food and Beverages Industry, by Market Research Future:
Aquaculture Market Research Report Information By Environment (Freshwater, Marine Water, and Brackish Water), By Type (Fishes, Crustaceans, Mollusca, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2032
Fox Nuts Market Research Report By Application (Food and Beverages, Confectionery, Snacks, Dietary Supplements, Others), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retailers, Traditional Grocery Stores, Others), By Product Type (Sweet Fox Nuts, Salted Fox Nuts, Flavored Fox Nuts, Roasted Fox Nuts, Others), By Packaging (Pouches and Bags, Tins and Cans, Jars and Bottles, Bulk Packaging, Others) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2034
Eggshell Membrane Powder Market Research Report By Application (Nutraceuticals, Cosmetics, Pharmaceuticals, Food and Beverages), By Source (Chicken Eggs, Duck Eggs, Ostrich Eggs, Emu Eggs), By Ingredient Type (Natural, Synthetic), By Product Form (Powder, Capsules, Tablets), By Distribution Channel (Online Retail, Brick-and-mortar Stores, Wholesalers and Distributors) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2034
Ornamental Fish Feed Market Research Report Information By Type (Processed Feed and Live Feed), By Fish Type (Tropical Fishes, Goldfish, Koi, and Others), By Distribution Channel (Store-Based and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
0 notes
Text
Phosphoric Acid Market Size, Share, and Growth Strategies: 2023-2040
The global phosphoric acid market size is projected to reach USD 87.06 billion by 2040 registering a CAGR of 4.2%, according to a new report by Grand View Research, Inc. increasing production of fertilizers owing to the development in the global agricultural sector is expected to augment the product demand.
Fertilizers is the key point of application for phosphoric acid wherein the product is used to formulate Diammonium Hydrogen Phosphate (DAP), Mono Ammonium Dihydrogen Phosphate (MAP), and Triple Superphosphate (TAP). Among these, DAP constituted the largest share of the market, in terms of volume, in 2022.
For instance, in June 2019, EuroChem opened its third fertilizer blending plant in Brazil, which has a capacity of 6 kilotons per day. According to the International Fertilizer Industry Association, the global capacity of nitrogen, phosphoric acid, and potash is expected to rise significantly of which phosphoric acid is expected to register highest growth rate. Asia Pacific was the major consumer in 2022 and this trend is expected to continue over the forecast period. The production and consumption of fertilizers is anticipated to grow by 2040, owing to the increasing productivity in agricultural sector.
The growth can be attributed to rising production of fertilizers in China. The growth, however, is anticipated to be hindered in 2020 on account of the Covid-19 pandemic, which is believed to be originated from China. Hubei was the key producer of MAP and DAP in the country. However, as of February 2020, only four manufacturers are engaged in production, rest all other phosphate plants had suspended their operations, which impacted half of the Hubei’s phosphate industry.
Phosphoric Acid Market Report Highlights
DAP accounted for the largest volume share in 2022 on account of its high nutrient grade, which leads to cost reduction in terms of handling, freight, as well as application and is projected to grow at a volumetric CAGR of 3.5% from 2023 to 2040
Phosphoric acid is majorly produced by two commercial methods, which include wet process and thermal process; wherein more than 50% of the global production sites utilize Prayon Technology (wet process technology)
Asia Pacific is expected to register the fastest growth rate of 4.0%, in terms of volume, over the forecast period, owing to increasing production of fertilizers in the region
The market is highly competitive and thus, manufacturers are investing in production capacity expansion
Phosphoric Acid Market Segmentation
Grand View Research has segmented the global phosphoric acid market on the basis of application and region:
Phosphoric Acid Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2040)
Diamonium Hydrogenphosphate (DAP)
Monoammonium Dihydrogenphosphate (MAP)
Triple Superphosphate (TSP)
Other Fertilizers
Other Applications
Phosphoric Acid Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2040)
North America
US
Canada
Europe
Germany
Belgium
France
Russia
Spain
Asia Pacific
China
India
Japan
Indonesia
Thailand
Vietnam
Latin America
Brazil
Mexico
Argentina
Peru
Chile
Middle East
Saudi Arabia
Israel
Jordan
Turkey
Africa
Egypt
Morocco
South Africa
Tunisia
Senegal
Key Players of Phosphoric Acid Market
The Mosaic Company
PJSC PhosAgro
Nutrien
IFFCO
EuroChem Group AG
Prayon Group
Israel Chemical Ltd.
Yara International
OCP S.A.
Aditya Birla Group
Order a free sample PDF of the Phosphoric Acid Market Intelligence Study, published by Grand View Research.
0 notes
Text
Ammonium Sulfate Market Key Players, Revenue And Growth Rate
The global ammonium sulfate market size is expected to reach USD 4.81 billion by 2030, registering a CAGR of 6.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The advancement in agriculture technology would drive the demand for fertilizers, which would indirectly result in the growing demand for ammonium sulfate.
Ammonium sulfate is an inorganic water salt comprising sulfur and nitrogen. The composition is used in the agricultural sector as fertilizer. It has the ability to provide stability and functionality to the fertilizer. Benefits associated with these fertilizers include water-solubility, easy blending abilities with nitrogenous fertilizers, and elevation of soil. These benefits ensure high plant growth, thereby leading to the high demand from farming communities.
Rice is a staple food crop in most Asian countries and is grown by almost two billion people according to the Food and Agriculture Organization (FAO). North America accounted for the third-largest market share after Asia Pacific and Europe in 2021. The Ministry of Health, Labor, and Welfare declared the product as safe for health with no health problems associated, therefore it is accepted and utilized across the globe.
The global market is very competitive; thus several manufacturers are investing in the development of technologies for the production method of the product. Manufacturers are focusing on mergers and acquisitions to increase their global presence and broaden their product portfolio. For instance, in 2019, Sumitomo Chemical announced the merger of Sumitomo Chemical India Limited and Excel Crop Care Limited to expand the business in India.
Gather more insights about the market drivers, restrains and growth of the Ammonium Sulfate Market
Ammonium Sulfate Market Report Highlights
• The solid end-use segment dominated the market and accounted for the largest revenue share of 91.7% in 2024. This growth is attributed to its effectiveness as a fertilizer, particularly in agriculture.
• The fertilizers application segment led the market and accounted for the largest revenue share of 70.6% in 2024, primarily driven by its effectiveness as a nitrogen and sulfur source for crops.
• The Asia Pacific ammonium sulfate market dominated the global market and accounted for the largest revenue share of 38.1% in 2024. This growth is attributed to the increasing agricultural activities and a rising demand for nitrogen-based fertilizers.
Ammonium Sulfate Market Segmentation
Grand View Research has segmented the ammonium sulfate market on the basis of on end-use, application, and region:
Ammonium Sulfate End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Solid
• Liquid
Ammonium Sulfate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Fertilizers
• Pharmaceuticals
• Food & Feed Additive
• Water Treatment
• Others
Ammonium Sulfate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Netherlands
o Italy
• Asia Pacific
o China
o India
o Japan
o Indonesia
o Vietnam
• Latin America
o Brazil
o Argentina
• Middle East and Africa
o Iran
o Egypt
Order a free sample PDF of the Ammonium Sulfate Market Intelligence Study, published by Grand View Research.
#Ammonium Sulfate Market#Ammonium Sulfate Market Size#Ammonium Sulfate Market Share#Ammonium Sulfate Market Analysis#Ammonium Sulfate Market Growth
0 notes
Text
Animal By-Products Market Size, Trends, and Growth Forecast to 2025
The Animal By-Products Market encompasses a wide range of materials derived from animals that are not directly consumed as food by humans. These by-products include items such as meat and bone meal, feather meal, blood meal, and animal fats, which find applications in various industries including animal feed, fertilizers, the chemical industry, and fuel production.
Get free sample copy @ https://www.statsandresearch.com/request-sample/40146-global-animal-by-products-market
Market Overview:
Market Size and Growth: As of 2023, the global animal by-products market was valued at approximately USD 26.59 billion and is projected to reach USD 43.06 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% during the forecast period.
Key Market Drivers:
Sustainable Practices: Growing consumer awareness of sustainable practices and environmental concerns has increased the demand for products made from animal by-products, such as leather, gelatin, and bone meal.
Waste Management: Effective utilization of animal by-products aids in waste reduction and environmental conservation, aligning with global sustainability goals.
Economic Value: Certain animal by-products, like cattle gallstones, have significant economic value, particularly in traditional medicine markets, driving their collection and trade.
Product Segmentation:
Meat and Bone Meal: Utilized primarily in animal feed for its high protein content.
Feather Meal: Rich in nitrogen, commonly used as a fertilizer and animal feed additive.
Blood Meal: Employed as a high-nitrogen fertilizer and a protein supplement in animal feed.
Animal Fats: Applied in the production of biodiesel, animal feed, and various industrial products.
Get full report @ https://www.statsandresearch.com/report/40146-global-animal-by-products-market/
Application Segmentation:
Animal Feed: A significant portion of animal by-products is processed into feed ingredients, providing essential nutrients for livestock and pets.
Fertilizers: By-products like bone meal and blood meal are valuable organic fertilizers, enriching soil fertility.
Chemical Industry: Animal fats and other by-products serve as raw materials in the production of soaps, cosmetics, and other chemicals.
Fuel: Animal fats are increasingly used in biodiesel production, contributing to renewable energy sources.
Regional Insights:
North America: Holds a substantial market share due to advanced meat processing industries and a focus on sustainable practices.
Europe: Emphasizes stringent regulations on waste management and sustainability, promoting the utilization of animal by-products.
Asia-Pacific: Rapid industrialization and urbanization contribute to increased meat consumption, leading to a rise in animal by-product generation and utilization.
Challenges:
Regulatory Compliance: Strict regulations regarding the processing and disposal of animal by-products can pose challenges for industry participants.
Market Fluctuations: Variations in meat consumption patterns and livestock production can impact the availability and pricing of animal by-products.
Get enquiry before buying @ https://www.statsandresearch.com/enquire-before/40146-global-animal-by-products-market
0 notes
Text
Comprehensive Overview of the Ammonium Sulfate Market:Dynamics, and Key Players
Comprehensive Overview of the Ammonium Sulfate Market:Dynamics, and Key Players
The Ammonium Sulfate Market is experiencing significant growth, driven by increasing agricultural activities and the demand for fertilizers that address nutrient deficiencies in crops. Ammonium sulfate, a key nitrogen and sulfur source, is widely used in agriculture, industrial applications, and food processing.
The ammonium sulfate market size was valued at USD 3.36 Billion in 2024. It is projected to reach from USD 3.59 Billion by 2025 to USD 6.02 Billion by 2033, growing at a CAGR of 6.7% during the forecast period (2025–2033)
Market Overview
Ammonium sulfate is primarily utilized as a fertilizer due to its high nitrogen content, which is essential for plant growth. The market is characterized by a variety of applications, including:
Agriculture: Used extensively as a fertilizer to enhance crop yields.
Industrial Applications: Employed in the production of chemicals, pharmaceuticals, and as a flame retardant.
Food Industry: Acts as a food additive and taste enhancer.
Report request sample link:https://straitsresearch.com/report/ammonium-sulfate-market/request-sample
Market Segmentation
The ammonium sulfate market can be segmented based on several factors:
By Type:
Solid Ammonium Sulfate
Liquid Ammonium Sulfate
By Application:
Fertilizers
Industrial Chemicals
Food Additives
Water Treatment
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Dynamic Market Factors
Growth Drivers
Rising Agricultural Demand: The need for effective fertilizers to improve crop productivity is propelling the ammonium sulfate market.
Industrial Utilization: Its application in various industries such as pharmaceuticals and chemical manufacturing supports market expansion.
Sustainable Practices: There is a growing trend towards eco-friendly fertilizers, enhancing the demand for ammonium sulfate derived from sustainable processes.
Challenges
Market Competition: The presence of alternative fertilizers and chemicals can impact market share.
Environmental Regulations: Stricter regulations regarding chemical usage may pose challenges to market growth.
Trends
Technological Advancements: Innovations in production techniques are leading to higher purity ammonium sulfate, making it more desirable for various applications.
Adoption of Precision Agriculture: The integration of technology in farming practices increases the efficiency of fertilizer use, boosting demand for specialized products like ammonium sulfate.
Key Players
The ammonium sulfate market features several key players that are instrumental in shaping its dynamics:
BASF SE
Evonik Industries
Lanxess Corporation
Novux International
Sumitomo Chemical
Honeywell International
Royal DSM
Helm AG
ArcelorMittal S.A.
Tereos S.A.
DOMO Chemicals GmbH
SABIC
Buy now link:https://straitsresearch.com/buy-now/ammonium-sulfate-market
About Us:
Straits Research is a prominent market research and intelligence organization that specializes in providing comprehensive research, analytics, and advisory services. With a focus on understanding consumer behavior and global market dynamics, Straits Research employs advanced research methodologies to deliver valuable insights across various industries.
0 notes
Text
Sodium Nitrate Prices, News, Trend, Graph, Chart, Forecast and Historical
Sodium Nitrate is a key compound with extensive applications across various industries, including agriculture, chemicals, and pharmaceuticals. The market dynamics for sodium nitrate prices are influenced by several factors, including raw material availability, production costs, regional demand-supply trends, and global economic conditions. Over recent years, the sodium nitrate market has experienced fluctuations due to shifts in supply chain logistics, trade policies, and the impact of environmental regulations. Producers and consumers alike are adapting to these changes, creating a dynamic landscape that continues to evolve.
The agricultural sector remains a major driver for sodium nitrate demand, as it is widely used in fertilizers to improve crop yields. The increasing global population and the consequent rise in food demand have pushed the need for efficient and sustainable agricultural practices, further solidifying sodium nitrate’s importance. As fertilizer manufacturers depend on stable supplies of sodium nitrate, any disruptions in production or distribution can have a direct impact on market prices. Seasonal variations in agricultural activities also play a role in creating periodic fluctuations in demand, affecting price trends accordingly.
Get Real time Prices for Sodium Nitrate: https://www.chemanalyst.com/Pricing-data/sodium-nitrate-1314
In the chemicals industry, sodium nitrate is utilized as an oxidizing agent and a key ingredient in the production of explosives, dyes, and other specialty chemicals. Industrial growth, particularly in developing economies, has bolstered demand for such applications, contributing to the overall growth of the sodium nitrate market. However, fluctuations in energy prices and raw material costs, such as sodium chloride and nitrogen, often translate into variable production costs for sodium nitrate, which can influence market pricing.
Geographically, the sodium nitrate market exhibits diverse trends, with Asia-Pacific, North America, and Europe being significant regions of consumption. The Asia-Pacific region, driven by countries like China and India, accounts for a substantial share of the market due to robust industrial activities and expanding agricultural needs. In North America and Europe, stricter environmental regulations have led to shifts in production practices, prompting companies to invest in cleaner and more efficient technologies. These developments have implications for production costs and ultimately affect pricing strategies in these regions.
Environmental considerations have also become a significant factor in the sodium nitrate market. As regulatory bodies worldwide impose stricter limits on industrial emissions and encourage sustainable practices, manufacturers are under pressure to adopt eco-friendly production methods. This often entails higher investments in technology and compliance, potentially raising production costs and influencing sodium nitrate prices. On the other hand, sustainable practices can open new market opportunities as industries increasingly prioritize environmentally responsible products.
Technological advancements in production processes have the potential to significantly influence sodium nitrate prices. Innovations that enhance production efficiency or utilize alternative raw materials can help reduce costs and stabilize prices. For instance, some manufacturers are exploring methods to recover and recycle nitrates from waste streams, contributing to a more sustainable and cost-effective production model. Such advancements can have long-term benefits for the industry, making sodium nitrate more accessible and affordable for various applications.
Economic conditions, both globally and regionally, have a direct bearing on sodium nitrate prices. Inflation, currency exchange rates, and changes in consumer spending patterns all contribute to market dynamics. During periods of economic growth, industrial activities tend to rise, boosting demand for sodium nitrate and potentially driving up prices. Conversely, economic slowdowns can lead to reduced demand, causing prices to decline. Monitoring these economic indicators is crucial for stakeholders to anticipate market movements and make informed decisions.
Another critical factor shaping the sodium nitrate market is competition among producers. The presence of large-scale manufacturers, coupled with smaller regional players, creates a competitive environment that influences pricing strategies. Larger companies often benefit from economies of scale, enabling them to offer competitive prices, while smaller players may focus on niche markets or premium-grade products to maintain profitability. This competition drives innovation and efficiency within the industry but can also lead to price volatility depending on market conditions.
Sustainability trends and the growing focus on reducing environmental impacts have encouraged some companies to explore bio-based alternatives to conventional chemicals, including sodium nitrate. Although these alternatives are still in the early stages of development, they represent a potential challenge to traditional sodium nitrate producers. As consumer preferences shift toward environmentally friendly products, the market could see a gradual transition, impacting demand and pricing structures over the long term.
The role of research and development cannot be overlooked in shaping the sodium nitrate market. Investments in R&D aim to improve product quality, enhance production methods, and expand applications. For instance, the development of high-purity sodium nitrate for use in pharmaceuticals and advanced materials has opened new revenue streams for manufacturers. These innovations contribute to the diversification of the market and influence pricing dynamics by catering to specialized and high-value applications.
Looking ahead, the sodium nitrate market is expected to grow steadily, supported by its critical role in multiple industries. However, the interplay of supply chain dynamics, environmental considerations, technological advancements, and global economic trends will continue to impact prices. Stakeholders across the value chain must remain vigilant and adaptable to navigate this complex landscape effectively. By embracing innovation and sustainability, the industry can address emerging challenges and capitalize on new opportunities, ensuring a resilient and competitive market for sodium nitrate in the years to come.
Get Real time Prices for Sodium Nitrate: https://www.chemanalyst.com/Pricing-data/sodium-nitrate-1314
Contact Us:
ChemAnalyst
GmbH - S-01, 2.floor, Subbelrather Straße,
15a Cologne, 50823, Germany
Call: +49-221-6505-8833
Email: [email protected]
Website: https://www.chemanalyst.com
#Sodium Nitrate#Sodium Nitrate Price#Sodium Nitrate Prices#Sodium Nitrate Price Monitor#India#united kingdom#united states#Germany#business#research#chemicals#Technology#Market Research#Canada#Japan#China
0 notes
Text
What's Next?
I make a statement. The European Union's nitrogen-based fertiliser industry has traditionally been heavily dependent on gas of Russian origin. However, in the past three years, it has also become increasingly reliant on Russian nitrogen fertilisers. The import statistics speak for themselves:
- 2021: The EU imported approximately 2.33 million metric tonnes of fertilisers from Russia.
- 2022: Imports increased to around 2.56 million metric tonnes.
- 2023: A slight decrease occurred, with imports totalling approximately 2.44 million metric tonnes.
- First half of 2024: Remarkably, in just the first six months, imports reached 2.56 million metric tonnes, matching the total for the entire year of 2022.
These figures highlight a growing dependence on Russian fertilisers. There is a rising advocacy for imposing duties on Russian nitrogen fertilisers, with some suggesting a 30-40% range to support local EU production. If such duties are imposed-particularly before the spring application season-who stands to benefit the most, aside from European producers?
Reflecting on 2022, when the EU temporarily removed its import duties of 6.5% on all producers except Russia and Belarus, we observed various origins supplying the EU market. In this scenario, Nigeria, well-situated geographically, could become a significant beneficiary. Egyptian and Algerian producers might also strengthen their positions, and producers from the Arabian Gulf are likely to seek a share of this market.
As for Russia, after increasing its presence in LatAm (including WC of Mexico and Argentina), India (during tenders), Turkey, and the US, it is anticipated that they will intensify efforts in East Africa and Southeast Asian markets. This could lead to notable shifts in global trading patterns.
#imstory #fertilizers #fertilisers #nitrogen #urea #europe #eu #russia #nigeria #turkey #brazil #argentina #mexico #usa
#agriculture#fertilizer#urea#fertilization#corn#usa#wheat#india#vessel#nola#imstroy#gas#europe#nigeria#brazil#mexico#turkey#duties
0 notes
Text
Nitrogenous Fertilizers Market was valued at USD 63.90 Bn. in 2023. Nitrogenous Fertilizers Market size is estimated to grow at a CAGR of 5.7% over the forecast period.
Nitrogenous Fertilizers Market Dynamics:
One of the most common compost classes that contains different nitrogen compound blends is nitrogen fertilizer. Following their application to the fields, the composts are ingested by the plants and undergo complex responses that transform them into various structures. Their application improves plant surface and shade, which raises farming profitability.
#Nitrogenous Fertilizers Market#Nitrogenous Fertilizers Market size#Nitrogenous Fertilizers Market growth#Nitrogenous Fertilizers Market share#Nitrogenous Fertilizers Market demand#Nitrogenous Fertilizers Market analysis
0 notes
Text
Top 15 Market Players in Global Melamine Cyanurate (MCA) Market
Top 15 Market Players in Global Melamine Cyanurate (MCA) Market
The global Melamine Cyanurate (MCA) market is dominated by key players who have established themselves through product innovation, regional expansion, and sustainable practices. Here are 15 notable companies shaping the MCA landscape:
Nissan Chemical Corporation – A global leader in MCA production, known for its high-purity products used in advanced flame retardant applications.
BASF SE – A renowned multinational that integrates MCA into its portfolio of sustainable flame retardants.
OCI Nitrogen – Offers a variety of nitrogen-based compounds, including MCA, for multiple industrial applications.
Zhejiang Xinli Chemical – A Chinese company recognized for its high-quality MCA and related specialty chemicals.
Sasol Limited – A diversified chemical producer with a focus on environmentally friendly flame retardant additives like MCA.
Shandong Haihua Group – A significant player in China's chemical sector, specializing in melamine derivatives.
JLS Chemical – A dedicated MCA producer, focusing on high-performance flame retardant materials for global markets.
UBE Industries – Known for its innovative specialty chemicals, including high-purity MCA for critical applications.
Yara International ASA – A global supplier of nitrogen-based chemicals, leveraging MCA for advanced industrial uses.
AlzChem Group AG – Specializes in melamine-based compounds, offering MCA solutions tailored to customer needs.
Nanning Chemical Group – A key supplier in the Asian market, known for its comprehensive range of melamine derivatives.
Jiangsu Xingxing Flame Retardants – Focuses on MCA-based flame retardants for thermoplastics and engineering polymers.
Shree Pushkar Chemicals & Fertilizers Ltd. – An Indian company with a growing presence in melamine derivative markets.
Henan Zhongxin Chemical – Provides high-quality MCA to meet increasing global demand.
Sigma-Aldrich (Merck Group) – Offers MCA for research and industrial applications, emphasizing product quality and innovation.
Request report sample at https://datavagyanik.com/reports/global-melamine-cyanurate-mca-market-size-production-sales-average-product-price-market-share/
Top Winning Strategies in Melamine Cyanurate (MCA) Market
To stay competitive in the MCA market, companies employ various strategies to meet the evolving demands of industries such as electronics, automotive, and construction. These include:
Sustainability Initiatives: Transitioning to environmentally friendly production methods and promoting MCA as a halogen-free flame retardant solution.
Focus on High-Growth Sectors: Targeting industries like electric vehicles (EVs) and electronics, where flame retardants are essential for safety.
Geographical Expansion: Increasing market penetration in regions like Asia-Pacific, where industrialization and demand for flame retardants are on the rise.
Customization of Products: Developing tailored MCA formulations to meet specific requirements for thermoplastics, polyamides, and other engineering materials.
Research & Development: Investing in R&D to improve the performance and versatility of MCA products in demanding applications.
Strategic Partnerships: Collaborating with OEMs and component manufacturers to ensure MCA's integration into next-generation materials.
Digital Transformation: Leveraging digital technologies to optimize supply chains, enhance customer engagement, and predict market trends.
Product Certification: Acquiring certifications and adhering to regulatory standards to build trust and credibility in key markets.
Cost Optimization: Implementing lean manufacturing practices and securing raw material supplies to manage production costs effectively.
Expanding Product Portfolios: Diversifying offerings by combining MCA with complementary flame retardants for hybrid solutions.
Global Distribution Networks: Establishing robust logistics and distribution channels to ensure timely delivery of MCA products.
Marketing and Branding: Strengthening brand presence through targeted campaigns, trade shows, and industry publications.
Technical Support Services: Providing technical assistance to customers to optimize the use of MCA in their specific applications.
Regulatory Readiness: Staying ahead of evolving regulatory requirements, particularly in regions with stringent safety standards like Europe and North America.
Focus on Innovation: Continuously improving MCA to enhance its thermal stability, compatibility with polymers, and performance in challenging environments.
Request a free sample copy at https://datavagyanik.com/reports/global-melamine-cyanurate-mca-market-size-production-sales-average-product-price-market-share/
#Melamine Cyanurate (MCA) Market#Melamine Cyanurate (MCA) Production#market players#revenue#average price#top trends#market share#market size
0 notes
Text
Fertigation Market Analysis 2025-2034: Size, Share, and Growth Potential
The Fertigation Market was valued at USD 8.21 billion in 2024 and is expected to witness significant growth over the next decade. The industry is projected to expand from USD 8.88 billion in 2025 to USD 17.90 billion by 2034, reflecting a compound annual growth rate (CAGR) of 8.1% during the forecast period (2025-2034). This growth is driven by factors such as reduced labor costs associated with high crop productivity and the increasing adoption of modern agricultural techniques.
Key Market Drivers
Reduced Labor Costs: Automation and precision in fertigation systems decrease the need for manual labor, cutting costs and increasing efficiency.
High Crop Productivity: Fertigation ensures optimal nutrient delivery, leading to enhanced crop yields.
Adoption of Modern Farming Techniques: The shift towards sustainable and precision agriculture boosts the demand for fertigation systems.
Key Market Dynamics
Technological Advancements: Innovations in fertigation equipment and smart irrigation technologies are propelling market growth.
Environmental Concerns: The need for efficient water usage and nutrient management aligns with environmental sustainability goals, driving market adoption.
Regulatory Support: Government policies promoting efficient agricultural practices further encourage the use of fertigation.
Key Market Opportunities
Expansion in Developing Regions: Growing awareness and the need for efficient farming in developing countries present vast opportunities.
Integration with IoT and Smart Farming: The fusion of fertigation systems with IoT technologies offers new growth avenues.
Growing Demand for Organic Farming: As organic farming gains traction, fertigation systems tailored to organic nutrient solutions are in high demand.
Market Segmentation
By Fertilizer Type:
Nitrogen Fertilizers: Widely used for enhancing plant growth.
Phosphorus Fertilizers: Essential for root development.
Potassium Fertilizers: Important for overall plant health.
By Crop Type:
Horticulture Crops: Fruits, vegetables, and ornamental plants benefit significantly from fertigation.
Field Crops: Includes cereals and grains like wheat and corn.
Plantation Crops: Such as tea, coffee, and rubber.
By Application:
Agricultural Fields: Broad application in large-scale farming.
Greenhouses: Controlled environment agriculture benefits from precise fertigation.
Orchards: Targeted nutrient delivery for fruit-bearing trees.
Segment Insights
Horticulture Crops Segment: Expected to dominate due to the increasing demand for high-value crops.
Greenhouse Application Segment: Witnessing rapid growth due to the need for controlled environment farming.
Nitrogen Fertilizers Segment: Leading the market, driven by their widespread use in various crop types.
Key Players in the Fertigation Market
The Toro Company
Netafim Ltd.
Jain Irrigation Systems Ltd.
Valmont Industries, Inc.
Rivulis Irrigation Ltd.
T-L Irrigation Co.
Lindsay Corporation
Hunter Industries, Inc.
Mahindra EPC Irrigation Limited
Rain Bird Corporation
Regions Covered
North America: Leading in technological advancements and early adoption of modern farming techniques.
Europe: Driven by stringent environmental regulations and sustainable farming practices.
Asia-Pacific: Expected to witness the highest growth due to expanding agricultural activities and government support.
Latin America and Middle East & Africa: Growing adoption of efficient farming techniques to enhance productivity in arid regions.
Conclusion
The fertigation market is poised for robust growth, driven by technological advancements, environmental concerns, and the rising need for efficient agricultural practices. With vast opportunities in developing regions and the integration of smart technologies, the market is set to revolutionize modern farming practices globally.
Discover more Research Reports on Food and Beverages Industry, by Market Research Future:
Agricultural Bactericides MarketResearch Report Information By Type (Copper-Based Bactericides, Amide Bactericides, Dithiocarbamate Bactericides, And Others), By Form (Dry and Liquid), By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, And Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2034
Feed Supplements Market Research Report Information By Type (Protein, Vitamin, Amino Acid, Fatty Acid, Minerals, and Others), By Form (Dry, Liquid, and Others), By Livestock (Ruminants, Poultry, Swine, Aquaculture, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2034
Pet Food MarketAnalysis & Size, Share Research Report Information By Pet Type (Cat, Dog, Fish, and Others), By Product Type (Dry Food, Wet Food, and Snacks & Treats), By Distribution Channel (Store-Based and Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Aquaculture Market Research Report Information By Environment (Freshwater, Marine Water, and Brackish Water), By Type (Fishes, Crustaceans, Mollusca, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2032
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis about diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
0 notes
Text
Sodium Nitrate Market: Applications, Innovations, and Growth Drivers
The global sodium nitrate market size is expected to reach USD 167.7 million by 2030, and is expected to expand at 5.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Industry growth is majorly driven by the rising usage of sodium nitrate in fertilizers, wherein, it provides the plants with a water-soluble form of nitrogen without altering the pH level of the soil, thus promoting the growth of plants. Additionally, it is used in explosives, food & beverages, pharmaceuticals, chemicals, and others.
The increasing processed variety in the food & beverage industry, due to rising demand for convenience foods has resulted in increased demand for sodium nitrate. It is used as a preservative and color fixative in poultry, ham, sausages, and cured meats thus, controlling lipid oxidation, providing distinctive flavor, and acting as an anti-micro bacterial agent.
Nitric acid manufactured from nitrogen dioxide and ammonia is subject to intense supply and price volatility in the global sodium nitrate industry. The fluctuations in the supply and price of the aforementioned raw materials are expected to affect the prices of sodium nitrate over the forecast period. The spread of the pandemic has crippled economies worldwide and impacted the supply chains across different industries.
The production and consumption of sodium nitrate are highly influenced by its usage in the end-use industries thus, with the shutting down of economies the end-use industries have also come to a halt affecting the demand for the product market. However, food & beverage being an essential industry witnessed growth even during the pandemic resulting in the positive growth of sodium nitrate.
Sodium Nitrate Market Report Highlights
The global market is estimated to advance with a compounded annual growth rate (CAGR) of 5.9% from 2023 to 2030. This is attributed to the increased usage of the product in explosives, fertilizers, chemicals, and the food & beverage industry
It is used majorly in plants such as sugarcane, wheat, corn, and soybean as it provides the crops with essential nitrogen nutrients by supplying them with water-soluble nitrogen without altering the pH of the soil
Central & South America dominated the global market in 2022 with a revenue share of over 32.0% in 2022. This is attributed to a large amount of unexploited agricultural land in the area with large-scale production of soybean, pulses, and sugarcane which require sodium nitrate-based fertilizers for better yield
Agriculture sector accounts for half of the GDP of countries in Central & South America including Argentina, Bolivia Belize, Haiti, Dominica, Paraguay, and Ecuador. As the agriculture sector is a key contributor to the GDP of the countries in the region, it leads to increased consumption of fertilizers
Industrial grade dominated the product segment with a revenue share of over 89.0% in 2022. This growth is attributed to the increasing usage of the product as a complement to ammonium nitrate in explosives, chemicals, glass, and fertilizers
Fertilizer in the application segment dominated the global market with a revenue share of over 69.0% in 2022. This is attributed to the increasing demand for food crops due to the rising population
According to the Indian ministry of finance’s economic survey, the agricultural and allied industries exhibited the most resiliency to COVID-19 as it reported a growth of 3.6% in 2020-21, and 3.9% in 2021-22 in India
The agricultural sector of the U.S. contributed 5.0% of the total country’s GDP due to the rising demand for food in the country, according to the U.S. Department of Agriculture. Thus, this increasing demand for food crops is expected to increase the usage of fertilizers
Sodium Nitrate Market Segmentation
Grand View Research has segmented the global sodium nitrate market based on grade, application, and region:
Sodium Nitrate Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Industrial
Pharmaceutical
Food
Sodium Nitrate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Chemicals
Fertilizers
Explosives
Glass
Pharmaceuticals
Food & Beverages
Others
Sodium Nitrate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Chile
Peru
Middle East & Africa
South Africa
Saudi Arabia
Order a free sample PDF of the Sodium Nitrate Market Intelligence Study, published by Grand View Research.
0 notes
Text
Agrochemicals Market
Agrochemicals Market Size, Share, Trends: Yara International Leads
Emerging Trend: Rising Adoption of Sustainable and Bio-based Agrochemical Solutions Transforms Market Landscape
Market Overview:
The global agrochemicals market is set for significant growth from 2024 to 2031, with the Asia-Pacific region at the forefront. The market is seeing rapid development in biological crop protection products and is undergoing substantial upheaval due to sustainable agriculture techniques and precision farming technologies. This transformation is driven by the increasing demand for sustainable and efficient agricultural practices, which are crucial for meeting the global food security challenges and supporting intensive farming methods.
DOWNLOAD FREE SAMPLE
Market Trends:
One major trend reshaping the global agrochemicals market is the rising adoption of sustainable and bio-based agrochemical solutions. This trend signifies a broader shift towards sustainable agriculture, with organic farming growing by 35% globally over the last two years. As a result, there has been a 42% increase in bio-based pesticide adoption. Major agricultural regions, particularly in Europe, have reported a 28% increase in sustainable agrochemical usage, highlighting the transformation driven by environmentally conscious farmers.
Market Segmentation:
The fertilizers segment continues to dominate the market, driven by an increasing focus on crop yields. Nitrogenous fertilizers hold the lion's share, with global usage climbing by 3.5% per year. Developing countries, particularly in Asia-Pacific, are experiencing the fastest growth rates. The transition to precision agriculture has resulted in a 35% rise in controlled-release fertilizer use. China and India have reported a 40% increase in fertilizer demand for rice cultivation. The industry is also witnessing substantial innovation, with smart fertilizers accounting for 15% of the premium market share.
Market Key Players:
The global agrochemicals market features several key players driving innovation and growth:
Yara International
SABIC
Royal Dutch Shell plc
OCP Group
PhosAgro
Rashtriya Chemical Fertilizer Ltd.
Contact Us:
Name: Hari Krishna
Email us: [email protected]
Website: https://aurorawaveintellects.com/
0 notes
Text
Agricultural Enzymes Market
Agricultural Enzymes Market Size, Share, Trends: Novozymes A/S Leads
Increasing Adoption of Enzyme-Based Biostimulants for Sustainable Agriculture
Market Overview:
The Agricultural Enzymes Market is projected to grow at a CAGR of 9.8% from 2024 to 2031. The market value is expected to increase from XX USD in 2024 to YY USD by 2031. Asia-Pacific currently dominates the market, driven by the increasing adoption of sustainable agricultural practices and the growing demand for organic food products. Key metrics include rising investments in agricultural biotechnology and the expansion of precision farming techniques. The market is expanding rapidly as the world's population grows, necessitating higher crop yields and quality. Agricultural enzymes help to improve soil health, increase nutrient uptake, and protect crops from pests and diseases. The trend towards environmentally friendly farming practices, as well as increased awareness of the dangers of artificial fertilisers and pesticides, are also helping to drive market growth.
DOWNLOAD FREE SAMPLE
Market Trends:
The agricultural enzymes market is experiencing a considerable shift towards the use of enzyme-based biostimulants. These new products are gaining appeal among farmers because of their capacity to improve crop growth, production, and stress tolerance while encouraging sustainable farming practices. Enzyme-based biostimulants stimulate plant metabolism, increase nutrient uptake efficiency, and boost plant defence mechanisms against environmental challenges. This trend is being driven by rising consumer demand for organic and sustainably produced foods, as well as increased regulatory pressure to minimise chemical inputs in agriculture. For example, a recent study published in the Journal of Plant Nutrition and Soil Science found that using enzyme-based biostimulants enhanced crop yields by up to 15% while decreasing the requirement for chemical fertilisers by 20%. Furthermore, leading agricultural firms are investing extensively in R&D to develop unique enzyme formulations that can meet specific crop needs and environmental circumstances, accelerating market expansion in this category.
Market Segmentation:
Proteases dominate the type segment in the agricultural enzymes market. Proteases have emerged as the dominant category in the agricultural enzymes market, owing to their diverse uses in crop protection and soil fertility development. These enzymes are critical in breaking down proteins into amino acids, which are required for plant growth and development. The dominance of proteases can be linked to their ability to improve nutrient availability in the soil and increase plant tolerance to numerous biotic and abiotic stressors.
Recent industry advances have strengthened proteases' position in the market. For example, a large agricultural biotechnology business recently launched a novel protease formulation that has demonstrated remarkable results in increasing nitrogen use efficiency in cereal crops. Field trials conducted in several agro-climatic zones revealed an average yield increase of 8-12% in wheat and maize when treated with this protease-based biostimulant. Fruits and vegetables have experienced a significant increase in the use of protease enzymes for crop protection. According to a research published by the International Association for Horticultural Science, the use of protease-based biopesticides in high-value fruit crops has increased by 15% over the last three years. This trend is being driven by rising demand for residue-free produce and the need to counteract emerging pest resistance to traditional chemical pesticides. Major fruit-producing regions in Europe and North America have reported successful reductions in chemical pesticide usage of up to 30% by using protease enzymes into crop protection programs.
Market Key Players:
Novozymes A/S
BASF SE
Syngenta AG
Agrinos AS
Stoller USA Inc.
BioWorks Inc.
Contact Us:
Name: Hari Krishna
Email us: [email protected]
Website: https://aurorawaveintellects.com/
0 notes
Text
Tropical Forage Seeds Market
Tropical Forage Seeds Market Size, Share, Trends: Barenbrug Group Leads
Increasing adoption of improved forage varieties for sustainable livestock production
Market Overview:
The global Tropical Forage Seeds Market is estimated to grow at an 8.3% CAGR from 2024 to 2031, with a market value of USD XX in 2024 and USD YY by 2031. Latin America now dominates the market, with Southeast Asia and Africa following closely behind. Key indicators include expanding demand for high-quality animal feed, a growing livestock population in tropical regions, and increased understanding of better pasture management. The tropical fodder seed market is rising rapidly, owing to the growing cattle sector in tropical and subtropical countries. As developing countries' demand for meat and dairy products grows, so does the requirement for high-quality fodder to sustain animal nutrition and production. The market is characterized by ongoing research and development efforts to provide drought-resistant and high-yield forage types suitable for tropical regions.
DOWNLOAD FREE SAMPLE
Market Trends:
The demand for sustainable and efficient livestock production systems is driving an increase in the adoption of enhanced fodder variety in tropical climates. Farmers are becoming more aware of the advantages of high-quality forage in terms of higher milk and meat production, enhanced animal health, and decreased environmental footprint. For example, recent research in Brazil found that farmers employing enhanced fodder variety produced 25% more milk per hectare than those using traditional pastures.
Government initiatives and agricultural extension programs promoting the adoption of enhanced forage seeds are helping to drive this trend forward. The prominent seed producer reported a YY% year-over-year growth in sales of premium tropical fodder seed varieties, indicating robust market demand.
Market Segmentation:
The legume segment's market dominance is partly due to its ability to fix atmospheric nitrogen, increasing soil fertility and minimising the demand for synthetic fertilisers. Leguminous fodder crops, including lucerne, clover, and tropical legumes like Stylosanthes and Leucaena, are highly prized for their protein content and soil health benefits.
In recent years, there has been a significant rise in research and development efforts aimed at developing tropical legume cultivars. For example, a prominent agricultural research institute reported generating a new drought-resistant variety of Stylosanthes that yielded 35% more than standard kinds in field trials. This innovation has resulted in increased use by farmers in dry and semi-arid tropical regions.
Market Key Players:
Barenbrug Group
DLF Seeds A/S
S&W Seed Company
Corteva Agriscience
Germinal Holdings Limited
Pasture Genetics
Contact Us:
Name: Hari Krishna
Email us: [email protected]
Website: https://aurorawaveintellects.com/
0 notes
Text
Ammonium Sulfate Market Outlook: Size, Trends, and Forecast 2024-2032
The global ammonium sulfate market size was valued at USD 8.20 billion in 2023 and is projected to grow from USD 8.58 billion in 2024 to USD 13.00 billion by 2032 at a CAGR of 5.3% during the forecast period. This information is published by Fortune Business Insights in its upcoming report, titled, “Ammonium Sulfate Market Size, Share & Industry Analysis, By Form (Solid, Liquid), By Application (Fertilizer, cattle feed supplement, Others (pharmaceuticals, food processing, textile, etc.)) Others and Regional Forecast, 2024-2032.”
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Market Share and Segments
The ammonium sulfate market is segmented based on product type, application, and geography.
By Product Type
Solid Ammonium Sulfate: This segment dominates the market, as it is the most common form used in fertilizers. Solid ammonium sulfate accounts for over 70% of the total market share due to its easy handling and storage.
Liquid Ammonium Sulfate: Although less prevalent, liquid ammonium sulfate is used in certain agricultural and industrial applications, accounting for about 30% of the market.
By Application
Agriculture: The agriculture sector holds the largest share in the ammonium sulfate market, contributing to over 60% of total demand. It is primarily used as a nitrogen-based fertilizer to improve crop yields.
Industrial Applications: Ammonium sulfate is used in various industrial processes, such as water treatment and in the production of flame retardants. This segment represents around 20-25% of the market.
Food Additives: Ammonium sulfate is also used as a food additive, particularly as a dough conditioner and acidity regulator in baked goods. The food additive application accounts for around 10-15% of market demand.
Pharmaceuticals: A smaller, yet growing segment, ammonium sulfate is used in the pharmaceutical industry for protein purification and crystallization processes, accounting for a minor share of the market.
DRIVING FACTORS
Increasing Mining Activities to Favor Growth
The growing mining activities to extract rare earth minerals is likely to drive the demand for advanced ammonium sulfate for the leaching process. According to the report by Minerals Make Life Organization, it is estimated that the U.S. mines produced raw materials worth USD 82.2 billion in 2018. In addition to this, the growing food and beverage sector propels the demand for the product as an emulsifier and thickening agent. These factors are expected to contribute to the global aluminum sulfate market growth in the forthcoming years.
REGIONAL INSIGHTS
Supportive Environmental Regulations in Asia-Pacific to Aid Growth
Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global ammonium sulfate market during the forecast period. This is attributable to the supportive government initiatives regarding desulfurization plants that propel the production of advanced ammonium sulfate in the region.
The market in the Middle East and Africa is expected to showcase substantial growth backed by increasing focus on agricultural activities between 2019 and 2026.
COMPETITIVE LANDSCAPE
Product Launches by Major Companies to Consolidate Their Market Positions
The global market for ammonium sulfate comprises small, medium, and large companies striving to maintain their presence by focusing on introducing advanced ammonium sulfate products. Moreover, other key players are adopting organic and inorganic strategies to gain a major chunk of the market share and maintain their stronghold in the forthcoming years.
Get More Information: https://www.fortunebusinessinsights.com/ammonium-sulphate-market-102306
Industry Development:
August 2019– PhosAgro Group of Companies announced the expansion of its capacity at Cherepovets, Russia to manufacture 300 kilotons of ammonium sulfate annually. The expansion is expected to strengthen its position in the global marketplace.
List of the Companies Operating in the Global Market for Ammonium Sulfate:
BASF SE
Evonik Industries
LANXESS AG
Sumitomo Chemical Co., Ltd.
Domo Chemicals
Braskem S.A.
China Petrochemical Development Corporation
UBE INDUSTRIES, LTD.
Viachem
The Mosaic Company
Others
0 notes