Lucintel's latest market report analyzed that fertilizer additive provides attractive opportunities in urea, ammonium nitrate, diammonium phosphate, monoammonium phosphate, ammonium sulfate, and triple superphosphate applications. The fertilizer additive market is expected to grow at a CAGR of 2%-4%. In this market, granules are the largest segment by form, whereas urea is largest by application.
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Based on form, the fertilizer additive market is segmented into prills,
granules, powders, and others. The granules segment accounted for the largest
share of the market in 2020 due to growing usage of fertilizers to increase
productivity.
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The fertilizer additive market
is marked by the presence of several big and small players. Some of the
prominent players offering fertilizer additive include Clariant Mining
Solutions, KAO Corporation, Novochem Group, ArrMaz, Filtra Catalysts &
Chemicals, Amit Trading, Coromandel International, Mosaic, AgriGro, Chemipol,
Michelman, Tolsa Group, and Forbon Technology.
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Brandon Fitzgerald
Lucintel
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Texas, USA
Email: brandon.fitzgerald@lucintel.com
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