(EMAILWIRE.COM, May 10, 2018 ) The Latin America Fertilizer Additives Market is valued at USD 0.31 billion in 2016 and estimated to grow at a CAGR of 2.45%, to reach USD 0.35 billion by 2021. The Latin America Fertilizer Additives Market continues to show momentum with the rise in demand for the fertilizers due to high pressure on Latin America food production and development in the field of fertilizer production technologies.

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Fertilizer Additives are generally chemicals compounds which are added to the fertilizers to improve their productivity. The growing demand for high agricultural yields are usually met with the subsequent demands for higher quality fertilizers and primary nutrients, which is responsible for the increase in the usage of Fertilizer additives.

The Research and development in the technology of fertilizer manufacturing has been responsible for evident growth in the Latin America fertilizer additives market. Other important factors driving the fertilizer additives market include, ease of application and handling of fertilizers, demand for high yielding crops and rising demand for agricultural commodities. The Latin America Fertilizer additives market also faces some challenges and restraints. Some of these factors include, adverse effects of agrochemicals on human health, growth of organic fertilizer industry, environmental impact of chemical fertilizers and stringent government regulations.

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The Latin America Fertilizer Additives Market is segmented on the basis of function, application and form of application. By function, the market is segmented into Dedusting Agents, Antifoaming Agents, Hydrophobic Agent, Anticaking Agents, Corrosion Inhibitors. Among these, Anti-caking agents holds the largest share of Latin America Fertilizer Additives market. By Application, the market is segmented under Diammonium Phosphate, Ammonium Nitrate, Urea, Monoammonium Phosphate, Ammonium Sulphate and Triple Super Phosphate. At present, the ferlizer additives are most used with Urea, which contributes to a bulk share. Similarly, on the basis of form of application, the segmentation is done under Granular Fertilizers, Prilled Fertilizers and Powdered Fertilizers. Geographically, the Latin America Fertilizer Additives Market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.

Some of the major companies dominating the Latin America Fertilizer Additives Market, by their products and services include Clariant, Michelman, KAO Corporation, Amit Trading Ltd., Novochem Group, Arrmaz, Chemipol, Filtra Catalysts & Chemicals Ltd., Forbon Technology, Tolsa Group.

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