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Published Date: 2016-06-23Number of Pages: 143

Humic Acid Market (Application - Agriculture, Ecological Bioremediation, Horticulture, Dietary Supplements) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Humic acids (HAs) are made up of aromatic (carbon rings) and weak aliphatic (carbon chains) organic acids. Under acidic conditions, humic acids are not soluble in water; they solubilize into water under alkaline conditions. Humic acids are made up humic substances which are precipitated from aqueous solution once the pH of solution is dropped below 2. Humic substances provide an economical and concentrated form of organic matter that can possibly act as a replacement for humus depletion, which is caused as a result of conventional fertilization methods. Humic acid helps transfer micronutrients from the soil to the plant and break up clay and compacted soils. It also increases seed germination rates, enhances water retention, and stimulates development of microflora populations in soils. Humic acids are primarily employed in various applications such as agriculture, horticulture, ecological bioremediation, and dietary supplements. Increase in demand for organic foods and rise in resistance to the usage of chemical fertilizers are expected to boost the demand for humic acid during the forecast period.

In terms of application, agriculture was the largest segment of the global humic acid market, constituting more than 50% volume share in 2015. Horticulture was the second largest application segment in 2015. Agriculture is anticipated to be the fastest growing application segment from 2016 to 2024, due to the rising demand for humic acid in developing countries and increasing awareness about the use of humic acid.

In terms of volume, North America held the largest share of more than 40% of the global humic acid market in 2015. Easy availability of raw materials, technological expertise for the production of humic acid, and increase in awareness among end-users have propelled the humic acid market in the region. The U.S. is likely to be one of the major manufacturers and consumers of humic acid during the forecast period. Europe is expected to be the second largest market for humic acid in the near future. Asia Pacific is anticipated to be the fastest growing regional market for humic acid during the forecast period. Increasing demand for higher productivity from limited available cultivable land and rising demand for organic foods in developing countries in Asia Pacific are estimated to augment the humic acid market in the region in the next few years. The humic acid market in Latin America is anticipated to expand substantially, owing to the ease of supply from North America. Countries such as Ecuador, Chile, and Argentina are likely to drive the demand for humic acid in Latin America. Overall, the global market for humic acid is expected to expand significantly during the forecast period.

The global humic acid market is primarily driven by the rising concern about the usage of chemical fertilizers and increasing demand for organic foods. However, inconsistency in quality of commercially available humic acid is anticipated to hamper market growth during the forecast period. High growth potential in emerging economies is estimated to offer growth opportunities to the humic acid market from 2016 to 2024.The market for humic acid is fragmented. Key players include Biolchim S.p.A., HCM Agro Products Private Ltd., Humintech GmbH, Humic Growth Solutions, Jiloca Industrial, S.A., Omnia Holdings Limited, Saint Humic Acid, Sikko Industries Ltd., Arihant Bio Fertichem Pvt. Ltd., Shandong Chuangxin Humic Acid Technology Co. Ltd., Black Earth Humic LP, Minerals Technology Inc., and Horizon AG-Products.

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Table of Contents

Chapter 1 Preface

  • Report Description
  • Research Scope
  • Assumptions
  • Market Segmentation
  • Research Methodology

Chapter 2 Executive Summary

  • Global Humic Acid Market, 2015 - 2024, (Kilo Tons) (US$ Mn)
  • Global Humic Acid: Market Snapshot 

Chapter 3 Humic Acid Market– Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Market Drivers
  • Growing Demand for Organic Foods
  • Rising Concern About Use of Chemical Fertilizers
  • Restraints
  • Inconsistency in Quality of Commercially Available Humic Acid
  • Opportunity
  • High Growth Potential in Emerging Economies
  • Porter’s Five Forces Analysis
  • Bargaining Power of Suppliers
  • Bargaining Power of Buyers
  • Threat of Substitutes
  • Threat of New Entrants
  • Degree of Competition
  • Global Humic Acid Market Attractiveness, by Application
  • Global Humic Acid Market Attractiveness, by Country and Region
  • Humic Acid: Company Market Share Analysis, 2015

Chapter 4 Price Trend Analysis

  • Humic Acid Price Trend 

Chapter 5 Humic Acid Market – Application Analysis

  • Global Humic Acid Market: Application Overview
  • Humic Acid Market – By Application Analysis
  • Global Humic Acid Market for Agriculture (Kilo Tons) (US$ Mn), 2015 – 2024
  • Global Humic Acid Market for Ecological Bioremediation (Kilo Tons) (US$ Mn), 2015 – 2024
  • Global Humic Acid Market for Horticulture (Kilo Tons) (US$ Mn), 2015 – 2024
  • Global Humic Acid Market for Dietary Supplements (Kilo Tons) (US$ Mn), 2015 – 2024
  • Global Humic Acid Market for Other Application (Kilo Tons) (US$ Mn),    2015 – 2024

Chapter 6 Humic Acid Market - Regional Analysis

  • Global Humic Acid Market: Regional Overview
  • North America
    • North America Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • North America Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • U.S. Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • U.S. Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Rest of North America Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Rest of North America Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
  • Europe
    • Europe Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Europe Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • France Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • France Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • U.K. Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • U.K. Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Spain Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Spain Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Germany Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Germany Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Italy Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Italy Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Rest of Europe Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Rest of Europe Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
  • Asia Pacific
    • Asia Pacific Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Asia Pacific Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • China Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • China Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Japan Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Japan Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • ASEAN Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • ASEAN Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Rest of Asia Pacific Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Rest of Asia Pacific Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
  • Latin America
    • Latin America Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Latin America Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Brazil Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Brazil Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Rest of Latin America Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Rest of Latin America Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
  • Middle East & Africa
    • Middle East & Africa Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Middle East & Africa Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • GCC Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • GCC Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • South Africa Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • South Africa Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 
    • Rest of Middle East & Africa Humic Acid Market Volume, by Application (Kilo Tons), 2015 – 2024 
    • Rest of Middle East & Africa Humic Acid Market Revenue, by Application (US$ Mn), 2015 – 2024 

Chapter 7 Company Profiles

  • Biolchim S.p.A.
  • HCM Agro Products Private Ltd. 
  • Humintech GmbH
  • Humic Growth Solutions 
  • Jiloca Industrial, S.A. 
  • Omnia Holdings Limited 
  • Saint Humic Acid 
  • Sikko Industries Ltd. 
  • Arihant Bio Fertichem Pvt. Ltd.
  • Shandong Chuangxin Humic Acid Technology Co. Ltd. 
  • Black Earth Humic LP 
  • Minerals Technology, Inc. 
  • Horizon AG-Products 

Chapter 8 List of Consumers of Humic acid 

Chapter 9 Primary Research – Key Findings

Various types of humic substances such as humic acid, humus, humate, fulvic acid, organic matter, and humin play an important role in plant nutrition and soil fertility. Humic substances provide an economical and concentrated form of organic matter that can possibly act as a replacement for humus depletion, which is caused as a result of the conventional fertilization methods. Growth in agriculture and horticulture applications and increasing demand for organic food has propelled the usage of humic acid. Rising demand for humic acid in agriculture and horticulture applications is likely to drive the humic acid market in the next few years. However, inconsistency in quality of commercially available humic acid is expected to hamper market growth. High growth potential in emerging economies is anticipated to act as a major opportunity for the humic acid market in the near future.

This report analyzes and forecasts the market for humic acid at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global humic acid market. It also covers the impact of these on the demand for humic acid during the forecast period. The report also highlights opportunities in the humic acid market at the global level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global humic acid market. Porter’s Five Forces model for the humic acid market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global humic acid market by segmenting it in terms of applications such as agriculture, horticulture, dietary supplements, ecological bioremediation, and others (drilling fluids, etc.). These segments have been analyzed based on the present and future trends. Regional segmentation includes current and forecast demand for humic acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual applications in all the regions and key countries in each region.

The report provides the estimated market size of humic acid for 2015 and forecast for the next eight years. The global market size of humic acid is provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key applications of humic acid. Market size and forecast for applications have been provided in terms of global, regional, and country level markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, International Humic Substances Society, Association for Sustainable Development (ASOR),  internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate the data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report comprises profiles of major companies operating in the global humic acid market. Key players profiled in the report include Biolchim S.p.A., HCM Agro Products Private Ltd., Humintech GmbH, Humic Growth Solutions, Jiloca Industrial, S.A., Omnia Holdings Limited, Saint Humic Acid, Sikko Industries Ltd., Arihant Bio Fertichem Pvt. Ltd., Shandong Chuangxin Humic Acid Technology Co. Ltd., Black Earth Humic LP, Minerals Technology Inc., and Horizon AG-Products. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The report segments the global humic acid market as follows:

 Humic Acid Market - Application Analysis

  • Agriculture
  • Ecological Bioremediation
  • Horticulture
  • Dietary Supplements
  • Others (Including drilling fluids, etc.)

Humic Acid Market - Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA


 
 
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