(Companies: Yara International, CF Industries Holdings Inc., PJSC Togliattiazot, Nutrien Inc., OCI NV, Coromandel International Ltd, EuroChem Group, Koch Industries Inc., SABIC Group, and Bunge Limited)
The global nitrogen fertilizers market was worth $ 54.61 billion in 2019. Asia Pacific accounts for around 43% of the market.
The nitrogen fertilizers market consists of sales of nitrogenous fertilizers. Nitrogen fertilizer manufacturers produce fertilizers from sewage or animal waste and manufacture nitrogenous materials to mix into fertilizers. Ammonium nitrate, ammonium sulfate and anhydrous ammonia are considered to be part of the nitrogenous fertilizer manufacturing segment.
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Nitrogen Fertilizers Market Size
The global nitrogen fertilizers market is expected to grow at a rate of about 7% and reach $70.62 billion by 2023. Globally, governments are investing to uplift the agricultural sector, thereby contributing to the growth in demand for fertilizers.
However, nitrogen is one of the fertilizers majorly affecting the pH balance in the soil, whether it is alkaline or acidic, based on the type of the nitrogen fertilizer that has been used. Thus, the degradation of the soil and environment by nitrogen fertilizers limits the growth of the market.
The urea market is witnessing rapid growth in the fertilizers market as it controls air pollution by catalytic reactions. Urea is an easily water-soluble compound that consists of 46% nitrogen. It can be stored, transported and handled easily. It increases soil productivity and soil nutrients. The expected increase in production of urea promotes the sales of nitrogen fertilizers market.
Major players in the market are Yara International, CF Industries Holdings Inc., PJSC Togliattiazot, Nutrien Inc., OCI NV, Coromandel International Ltd, EuroChem Group, Koch Industries Inc., SABIC Group, and Bunge Limited.
Coromandel International Limited is an Indian corporation founded in the early 1960s by IMC and Chevron Companies of USA. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides, and specialty nutrients.
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Table of Contents:
1. Executive Summary
2. Nitrogen Fertilizers Market Characteristics
3. Nitrogen Fertilizers Market Size And Growth
3.1. Global Nitrogen Fertilizer Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Nitrogen Fertilizer Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Nitrogen Fertilizers Market Segmentation
4.1. Global Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Urea
Calcium Ammonium Nitrate (CAN)
Ammonium Nitrate
Ammonium Sulphate
Ammonia
Other Nitrogenous Fertilizers
4.2. Global Nitrogen Fertilizers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others
5. Nitrogen Fertilizers Market Regional And Country Analysis
5.1. Global Nitrogen Fertilizers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Nitrogen Fertilizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Nitrogen Fertilizers Market
6.1. Asia-Pacific Nitrogen Fertilizers Market Overview
6.2. Asia-Pacific Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
7. China Nitrogen Fertilizers Market
7.1. China Nitrogen Fertilizers Market Overview
7.2. China Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion
8. India Nitrogen Fertilizers Market
8.1. India Nitrogen Fertilizers Market Overview
8.2. India Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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