Market Research Report
Nitrification and Urease Inhibitors Market - Forecast (2020 - 2025)
|Published by||IndustryARC||Product code||850081|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Nitrification and Urease Inhibitors Market - Forecast (2020 - 2025)|
|Published: March 11, 2020||Content info: 110 Pages||
Nitrification and urease inhibitors are those compounds that are added to urea-containing fertilizers to reduce the rate of loss of nitrate and slow down the production of ammonia. Under certain conditions, urease inhibitors help reduce ammonia loss to the atmosphere. The global Nitrification and Urease Inhibitors market is driven by the growing awareness among people about the different forms of agriculture. The nitrification and urease inhibitors market is estimated to grow at a CAGR of 3.26% during the forecast period 2018-2023.
Nitrification and Urease Inhibitors Market Outlook
Nitrification and Urease Inhibitors have the potential to enhance the soil and crops. This enhancement applies to climatic areas and soils on pastureland where nitrogen fertilizer is applied. Cereals, Millets and oilseeds, cotton, fruits and vegetables, plantation crops, and pulses are some of the target crops for which nitrification and urease inhibitors are used. Amongst all the target crops, cereal, and millets and oilseeds hold a combined revenue share of 63% and is estimated to grow at a CAGR of 3.22% during the period 2018 to 2023.
Nitrification and Urease Inhibitors Market Growth Drivers
Factors such as the growing awareness about the different forms of agriculture, increased use of controlled release fertilizers, which are useful in certain applications with prolonged exposure to fertilizers, and extensive use of agricultural land with the focus on maximizing yield from farms, are propelling the market in a positive direction.
Nitrification and Urease Inhibitors Market Challenges
Nitrification and urease inhibitors manufacturers face unprecedented challenges due to the high cost of raw materials. Moreover, stringent environmental regulations and health hazards related to nitrification and urease inhibitors are hindering the market growth.
Nitrification and Urease Inhibitors Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Nitrification and Urease Inhibitors market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of nitrification and urease inhibitors used for different crop types.
Nitrification and Urease Inhibitors Report: Industry Coverage
Nitrification and Urease Inhibitors Market By Type: Nitrification Inhibitor and Urease Inhibitors
Nitrification and Urease Inhibitors Market By Type of Nitrification inhibitor: 2-chloro-6-(trichloromethyl)-pyridine (Nitrapyrin), Dicycandiamide (DCD), 3,4-dimethylpyrazole phosphate(DMPP).
Nitrification and Urease Inhibitors Market By Type of Urease inhibitor: N-(n-Butyl) thiophosphoric triamide (NBTPT or NBPT), phenylphosphorodiamidate (PPD/PPDA), N-(2-Nitrophenyl) phosphoric triamide (NPPT)
Nitrification and Urease Inhibitors Market By Application: Top Dressing, Soil Fertigation, Foliar Nutrition and others
North America: The U.S., Canada, Mexico
Europe: The U.K., Germany, France, , Russia, Italy, Spain, Poland, Russia and Rest of Europe
APAC: China, India, Indonesia, Pakistan, Australia, Rest of APAC
Rest of the World: Middle East and Africa, South America
Nitrification and Urease Inhibitors Market Key Players Perspective
Some of the major companies in the industry include DowDupont, BASF SE, and Solvay SA. The market being mature, nitrification and urease inhibitor suppliers offer a number of products to trap the loss of nitrogen from nitrous fertilizers.
Nitrification and Urease Inhibitors Trends
Manufacturers in this market are involved in the production of better and efficient nitric inhibitors and urease inhibitors. At the same time, new manufacturers are coming up with innovative and environmentally friendly products, resulting in tremendous increase in the degree of competition in the global market.
The nitrification and urease inhibitors market is a fragmented one where regional, small and medium industries are the key players, covering 77% of the global market share.
"*Financials would be provided on a best-efforts basis for private companies"