Nitrogenous Fertilizer Market Competitive Dynamics and Global Industry Outlook 2019
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.
Planning to lay down strategy for the next few years? Our report can help shape your plan better
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.
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.
For Detailed Research & Advisory Services Visit Eminent Advisors