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Nitrate Fertilizers Market: Overview

  • Nitrate fertilizers are usually defined as products containing at least 50% of nitrogen in the form of nitrates
  • Nitrate-based fertilizers have significantly lower environmental impact compared to urea-based fertilizers, primarily due to their incumbent properties such as lower leaching, lesser volatilization, and lower lifecycle carbon footprint
  • Commonly available nitrate fertilizer formulations in the market are calcium ammonium nitrate, ammonium nitrate, NPK, calcium nitrate, liquid urea ammonium nitrate, and ammonium sulfate nitrate

Ease of Nitrate Absorption by Plants

  • Ammonia is the base for nitrogen fertilizers. It constitutes nearly 82% of nitrogen. Constrained by biological and environmental factors, when ammonia is added to plants, it must be first converted to ammonium and nitrates before plants can absorb it. Urea transformation is relatively slow and difficult to predict in regions with lower temperatures such as Europe and the Americas. This results in efficiency and nitrogen losses.
  • Therefore, nitrates are usually regarded as sound nitrogen fertilizers for agricultural conditions in Europe and the Americas. Thus, market share of nitrates is high in these regions.
  • A study conducted by Foundation Bahia (Brazil) in 2018 demonstrated the benefits of nitrates that are more pronounced in tropical regions compared to colder climates. Russia, the U.S., China, France, Poland, and the Netherlands are the major producers of nitrate in the world.
  • The COVID-19 pandemic has adversely impacted the nitrate fertilizer market. According to the World Bank Fertilizer Price Index, nitrate fertilizer prices declined due to the lower raw material costs and weak seasonal demand. The second wave of COVID-19 may impose more stringency, thereby disrupting the supply chain of nitrate fertilizers.

Calcium Nitrate Product Type Segment to Offer Lucrative Opportunities

  • Based on product type, the global nitrate fertilizers market can be segmented into Calcium Ammonium Nitrate (CAN), Ammonium Nitrate (AN), NPK, Calcium Nitrate (CN), Liquid Urea Ammonium Nitrate (UAN), Ammonium Sulfate Nitrate (ASN), and Others
  • In terms of consumption, the Calcium Nitrate (CN) segment holds major share of the global nitrate fertilizer’s market. Calcium nitrate possess solubility and strength building properties, thereby providing improved fruit quality and better storage.

Fruits & Vegetables Crop Type Segment to Hold Major Share of Market

  • Demand for nitrate fertilizers varies significantly across the globe. Corn is the largest consumer of nitrate fertilizers in the U.S. owing to relatively higher bio-ethanol production in the country.
  • Similarly, wheat and cereals account for larger share of the market in Europe and Russia. Rice and horticulture crops hold considerably high share of nitrate consumption in Asia.

Asia Pacific to Account for Prominent Share of Global Nitrate Fertilizers Market

  • In terms of region, the global nitrate fertilizers market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific accounted for more than 50% share of the global nitrate consumption, especially in East Asian markets, including Japan, South Korea, Thailand, the Philippines, Malaysia, China, Indonesia, and Vietnam, in 2019. Over the past five years, tremendous acreage expansions have taken place in the treenuts and citrus fruit segment. This is anticipated to create ample space for nitrate fertilizer utilization in the Asia.

Key Players in Global Nitrate Fertilizers Market

The global nitrate fertilizers market is fragmented, with the presence of several regional and global manufacturers. Prominent players are investing in mergers, acquisitions, expansion, and new product launches in order to maintain their leading position in the market. Expansion of global reach is one of the key strategies adopted by major players such as Yara A/S to expand their share in the market.

Key players operating in the global nitrate fertilizers market include:

  • Yara A/S
  • Eurochem Industries
  • Ostchem Holding
  • CF Fertilisers
  • Agrofert A/S

Global Nitrate Fertilizers Market: Research Scope

Global Nitrate Fertilizers Market, by Product Type

  • Calcium Ammonium Nitrate (CAN)
  • Ammonium Nitrate (AN)
  • NPK
  • Calcium Nitrate (CN)
  • Liquid Urea Ammonium Nitrate (UAN)
  • Ammonium Sulfate Nitrate (ASN)

Global Nitrate Fertilizers Market, by Crop Type

  • Cereals & Grains
  • Pulses & Oilseeds
  • Fruits & Vegetables
  • Turf & Ornamental
  • Others

Global Nitrate Fertilizers Market, by Mode of Application

  • Soil
  • Foliar
  • Fertigation

Global Nitrate Fertilizers Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Nitrate Fertilizers Market

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