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. Globally, Technological Advancement, Rising demand for automobile industry the developing nations are the prime growth drivers of global Nitrogenous Fertilizer market. In addition, emerging economies such as China, India and others, will create new opportunities for global Nitrogenous Fertilizer market. However, higher cost of the research and development, and Due to environmental concerns along with heavy duties on the nitrogenous fertilizers are the key restraints for global nitrogenous fertilizer market.
Asia Pacific has been dominating the global nitrogenous fertilizer market and this trend is expected to continue in the near future. 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. RoW is expected to be the fastest growing region in the near future.
This report identifies the nitrogenous fertilizer market size in for the year 2016-2021, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to Nitrogenous Fertilizer market.
This report segments global nitrogenous fertilizer market on the basis of crops, applications, and regional market as follows:
- This report is segmented into major crops such as, Cereals and Grains, Oil Seeds, Fruits and Vegetables, and Others
- This is report has been further segmented into major regions, which includes detailed analysis of each region such as North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets for Nitrogenous Fertilizer in each of the region.
This report identifies all the major companies operating in the global Nitrogenous Fertilizer market. Some of the major companies’ profiles in detail are as follows:
- Yara International ASA
- Coromandel International Ltd
- CF Industries Holdings Inc
- Potash Corp. of Saskatchewan
- Eurochem Atomax Chemicals Co., Ltd