Nitrogen Fertilizers Global Market Report 2020
February 2020
200
About the Report
About the Report
The nitrogen fertilizers market consists of sales of nitrogenous fertilizers. Nitrogen fertilizer manufacturers produce fertilizers from sewage or animal waste and manufacture nitrogenous materials and mix them into fertilizers. Ammonium nitrate, ammonium sulfate and anhydrous ammonia are considered to be part of the nitrogenous fertilizer manufacturing segment.
The global nitrogen fertilizers market was worth USD 54.61 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7% and reach USD 70.62 billion by 2023.
The nitrogen fertilizers market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 43% of the market.
The nitrogen fertilzer market covered in this report is segmented by type into urea, calcium ammonium nitrate (CAN), ammonium nitrate, ammonium sulphate, ammonia, other nitrogenous fertilizers. It is also segmented by application into cereals & grains, oilseeds & pulses, fruits & vegetables, others.
Globally, governments are investing to uplift the agricultural sector, thereby contributing to the growth in demand for fertilizers. For example, in 2014, the government of India announced plans to invest INR 50,000 crore (USD 7.4 billion) to set up two new fertilizers plans and revive four fertilizers plants in different parts of the country. Also, INR 10,000 crore (USD 1.5 billion) was invested by the government to build a national gas grid to support the fertilizers plants with gas supply. Similarly, in 2014, the Chinese government announced a total fund of 122.2 billion yuan (USD 19.7 billion) as subsidies to farmers for the production of grains and purchase of agricultural production resources such as fertilizers and pesticides. The initiatives taken by government to promote agricultural sector will drive the fertilizers market.
Nitrogen is one of the fertilizers majorly affecting the pH balance in the soil, whether its alkaline or acidic based on the type of the nitrogen fertilizer that has been used. pH value gives the measure of how alkaline or acidic a solution is. Crops are developing resistance with the increased usage of nitrogen fertilizers and it in turn leads to deterioration of soil and environment. For instance, according to Department of Primary industries and Regional Development, Government of Australia, the soil acidification is mainly caused due to ammonium nitrogen fertilizers, the major contributors of soil erosion by affecting the electrical balance in plants. Thus, the degradation of soil and environment by nitrogen fertilizer limits the growth of the market.
Urea market is witnessing rapid growth in fertilizers market as it controls air pollution by catalytic reaction. Urea is easily water-soluble compound that consists of 46% of nitrogen and it can be stored, transported and handled easily. It increases the soil productivity and soil nutrients. According to International Fertilizers Association (IFA), global urea capacity is going to increase by a net of 17 metric tons by volume for each year and the total production is estimated as 226 metric tones by 2021. Thus, the expected increase in production of urea promotes the sales of nitrogen fertilizers market.
In September 2019, Nutrien Ltd., a Canada-based fertilizer company that produces and distributes nitrogen, potash, and phosphate products for agricultural use acquired Ruralco Holdings Limited for an undisclosed amount. The acquisition is expected to enable Nutrien to compete in the global markets and strengthen the delivery of products and services to Australian farmers. Ruralco Holdings Limited is an Australia-based agricultural fertilizer company that specializes in manufacturing and distributing chemical fertilizers such as nitrogen fertilizers and seeds
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, Bunge Limited
Products
Products
1) By Type: Urea; Calcium Ammonium Nitrate (CAN); Ammonium Nitrate; Ammonium Sulphate; Ammonia; Other Nitrogenous Fertilizers 2) By Application: Cereals & Grains; Oilseeds & Pulses; Fruits & Vegetables; Others
Companies
Yara International
CF Industries Holdings Inc.
PJSC Togliattiazot
Nutrien Inc.
OCI NV
Coromandel International Ltd
EuroChem Group
Koch Industries Inc.
SABIC Group
Bunge Limited
Sinofert Holdings Limited
CVR Partners, LP
PotashCorp
Agrium
Coromandel
Table of Contents
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, USD 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, USD 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, USD 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, USD 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, USD Billion
5.2. Global Nitrogen Fertilizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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, USD 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,USD 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, USD Billion
9. Japan Nitrogen Fertilizers Market
9.1. Japan Nitrogen Fertilizers Market Overview
9.2. Japan Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Nitrogen Fertilizers Market
10.1. Australia Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Nitrogen Fertilizers Market
11.1. Indonesia Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Nitrogen Fertilizers Market
12.1. South Korea Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Nitrogen Fertilizers Market
13.1. Western Europe Nitrogen Fertilizers Market Overview
13.2. Western Europe Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Nitrogen Fertilizers Market
14.1. UK Nitrogen Fertilizers Market Overview
14.2. UK Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Nitrogen Fertilizers Market
15.1. Germany Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Nitrogen Fertilizers Market
16.3. France Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Nitrogen Fertilizers Market
17.1. Eastern Europe Nitrogen Fertilizers Market Overview
17.2. Eastern Europe Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Nitrogen Fertilizers Market
18.1. Russia Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Nitrogen Fertilizers Market
19.1. North America Nitrogen Fertilizers Market Overview
19.2. North America Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Nitrogen Fertilizers Market
20.1. USA Nitrogen Fertilizers Market Overview
20.2. USA Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Nitrogen Fertilizers Market
21.1. South America Nitrogen Fertilizers Market Overview
21.2. South America Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Nitrogen Fertilizers Market
22.1. Brazil Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Nitrogen Fertilizers Market
23.1. Middle East Nitrogen Fertilizers Market Overview
23.2. Middle East Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Nitrogen Fertilizers Market
24.1. Africa Nitrogen Fertilizers Market Overview
24.2. Africa Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Nitrogen Fertilizers Market Competitive Landscape And Company Profiles
25.1. Nitrogen Fertilizers Market Competitive Landscape
25.2. Nitrogen Fertilizers Market Company Profiles
25.2.1. Yara International
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. CF Industries Holdings Inc.
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. PJSC Togliattiazot
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Nutrien Inc.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. OCI NV
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Nitrogen Fertilizers Market
27. Nitrogen Fertilizers Market Trends And Strategies
28. Nitrogen Fertilizers Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Nitrogen Fertilizers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Nitrogen Fertilizers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Nitrogen Fertilizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Yara International Financial Performance
Figure 27: CF Industries Holdings Inc. Financial Performance
Figure 28: PJSC Togliattiazot Financial Performance
Figure 29: Nutrien Inc. Financial Performance
Figure 30: OCI NV Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Nitrogen Fertilizers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Nitrogen Fertilizers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Nitrogen Fertilizers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Nitrogen Fertilizers Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Yara International Financial Performance
Table 27: CF Industries Holdings Inc. Financial Performance
Table 28: PJSC Togliattiazot Financial Performance
Table 29: Nutrien Inc. Financial Performance
Table 30: OCI NV Financial Performance
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