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(MoneyNewsWire.Net, May 29, 2018 ) The Europe Fertilizer Additives Market was worth USD 0.51 billion in 2016 and estimated to be growing at a CAGR of 2.52%, to reach USD 0.58 billion by 2021. The market is showcasing significant potential in the mentioned forecasting period. The Europe Fertilizer Additives Market continues to build momentum with the increase in fertilizers demand due to rising pressure on food production in Europe and development in fertilizer production technologies.
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Fertilizer Additives are chemicals generally added to the fertilizers for enhancing their productivity. The demand for higher yields in agriculture are met with the subsequent demands for primary nutrients and higher quality fertilizers, which in turn leads to the rise in the Fertilizer additives demands.
The Research and development in the fertilizer manufacturing technology sector has resulted in significant growth of the Europe Fertilizer Additives Market. Other key factors driving the market for fertilizer additives include, rising demand for agricultural commodities, demand for higher yield crops and ease of application and handling of fertilizers. The Europe Fertilizer Additives Market market has also faced some challenges and restraints. Some of the key factors are, environmental impact of chemical fertilizers, growth of organic fertilizer industry, stringent government regulations and adverse effects of agrochemicals on human health.
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The Europe Fertilizer Additives Market is segmented on the basis of function, application and form of application. Based on function the market is segmented into Hydrophobic Agent, Anticaking Agents, Antifoaming Agents, Dedusting Agents and Corrosion Inhibitors. By Application, the market is segregated under Ammonium Nitrate, Urea, Monoammonium Phosphate, Diammonium Phosphate, Ammonium Sulphate and Triple Super Phosphate. Similarly, on the basis of form of application, the market is categorized under Prilled Fertilizers, Granular Fertilizers and Powdered Fertilizers. The function segment was dominated by anticaking agents in 2016 and is projected to grow at the highest CAGR among all sub segments. Based on Application and form of application the market was dominated by urea and granular fertilizers respectively. On the basis of geography, the Europe Fertilizer Additives Market is analysed under various countries namely Germany, U.K., Spain, Italy and France.
Some of the major companies dominating the Europe Fertilizer Additives Market include KAO Corporation, Clariant, Novochem Group, Arrmaz, Amit Trading Ltd., Filtra Catalysts & Chemicals Ltd., Forbon Technology, Chemipol, Michelman, Tolsa Group.
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