Transparency Market
Research Reports incorporated a definite business overview and investigation
inclines on "Nitrogenous
Fertilizer Market ". This report likewise incorporates more
illumination about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
Nitrogen helps in fast growth and provides better
texture and color to plants and thus increases agricultural productivity. The
Haber Bosch process is the most commonly used process for the production of
nitrogenous fertilizers. Natural gas is among the major raw materials employed
in Haber Bosch process. Other raw material sources include animal manure and
compost, among others.
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The nitrogenous fertilizer
market can be bifurcated on the basis of its ingredients that include nitrate,
ammonium, urea, amine and others. Urea-based nitrogenous fertilizers have been
the most dominant product segment in terms of consumption. Ammonium nitrate is
expected to be the fastest growing segment in the near future. Nitrogenous
fertilizers have been segregated on the basis of their end-use as grains,
cereals and oil seeds, among other. Grains such as rice and corn dominate the
global demand for nitrogenous fertilizer and the trend is expected to continue
during the forecast period.
Demand for nitrogenous
fertilizers is mainly dependent on the demand for food in any region. Hence,
population and increasing disposable income are among the foremost driving
factors for the nitrogenous fertilizer market growth. High productivity and
subsequent yield of nitrogenous fertilizers and their comparative benefits over
other fertilizers have been major factors driving the demand for these
fertilizers. Extensive research & development activities by all major
companies to develop more efficient and eco-friendly nitrogenous fertilizers
have also been driving the market growth. Volatile raw material prices and
several environmental and health hazards associated with nitrogen-based
fertilizers has been a major factor restraining demand for nitrogenous
fertilizers.
Asia Pacific has been
dominating the global nitrogenous fertilizer market and this trend is expected
to continue in the near future. Asia Pacific comprises of two of the largest
countries in terms of population, namely India and China, which are also among
the fastest developing economies. Huge population numbers, high GDP growth
rates and increasing disposable incomes in the developing economies of India
and China have been among the foremost drivers for the nitrogenous fertilizer
market growth in the region. Rice production is expected to dominate the demand
for nitrogenous fertilizers in Asia Pacific.
North America is the
second largest consumer of nitrogenous fertilizers. The U.S. dominates the
nitrogenous fertilizer market in North America. In Europe, the demand for
nitrogenous fertilizers is driven by the growing demand for ammonium nitrate.
Demand for nitrogenous fertilizer in North America and Europe is anticipated to
grow at a sluggish rate primarily owing to market saturation. Increasing demand
for nitrogenous fertilizer in South America is expected to offer huge growth
opportunity for the market. High production of sugarcane and corn in South
America is expected to drive the market in the region. RoW is expected to be the
fastest growing region in the near future.
Raw material procurement
is among the critical success factors for growth in the nitrogenous fertilizer
market. The market is characterized by volatile raw material prices thus
reducing the threat of new entrants. Economies such as China, India, U.S. and
Russia dominate the global nitrogenous fertilizer market, both in terms of
production as well as consumption. Owing to raw material procurement issues,
the nitrogenous fertilizer market is concentrated and dominated by few major
players in these geographical regions. Major players in the nitrogenous
fertilizer market include Yara International ASA, Coromandel International
Ltd., CF Industries Holdings Inc., Potash Corp. of Saskatchewan, Agrium Inc.
and Eurochem, among others.
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Research Report on Chemical and Materials Market:
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This research report analyzes
this market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes review of micro and macro
factors essential for the existing market players and new entrants along with
detailed value chain analysis.
Downlaod PDF: Nitrogenous Fertilizer Market
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