A three-pronged approach was followed for deducing the fertilizer additives market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for fertilizer additives market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of fertilizer additives market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The fertilizer additives market was categorized into three segments, namely function (Corrosion Inhibitors, Hydrophobic Agents, Anti-dusting Agents, Anti-caking Agent, Slow Release Coatings), end-product (Urea, Ammonium Nitrate, Ammonium Phosphate, Ammonium Sulphate), region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).
The fertilizer additives market was segmented into function, end-product, region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The fertilizer additives market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S., Canada, Germany, the UK, France, Italy, China, Japan, India, Brazil.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The fertilizer additives market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Clariant AG - Clariant AG, a Switzerland-based specialty chemical manufacturing company, is an offspring of Sandoz Chemical Company established in 1886. It operates through four major business segments, namely care chemicals, catalysis, natural resources, and plastics & coatings. These segments cover various product categories such as additives, catalysts, functional minerals, industrial & consumer specialties, masterbatch, oil & mining services, and pigments, and cater to over 21 end-use industries all over the world. The company has about 110 operating units located in 53 countries. The European market constitutes for about one-third of its total sales of various end products.
KAO Corporation - Kao Corporation is a 130-year-old Japan-based consumer goods and industrial product manufacturer and distributor. It operates through five major business segments, namely chemical, fabric & home care, cosmetics, skin & hair care, and human health care. The chemical segment constitutes about 18.3% of the company’s total sales. It holds over 16,000 patents and has operations in over 70 countries in the world. Its fertilizer additive manufacturing plant is in Spain.
Dorf Ketal Chemicals (I) Pvt. Ltd. - Dorf Ketal Chemicals (I) Pvt. Ltd. is a specialty chemical manufacturer and supplier. It operates through various segments such as refining, petrochemicals, oil & gas production, specialty catalysts, lubricant additive compounds, fuel additives, isoform & isophane, and custom manufacturing. The company is highly focused on R&D activities including new product development and providing innovative solutions for process improvement. It spends 10% of its annual revenue on R&D activities. It has a global presence with manufacturing facilities located in India, Brazil, the Netherlands, and the U.S.
Solvay S.A. - Solvay S.A. is an advanced chemical material and specialty chemical manufacturer, which operates globally through four major segments including advanced material, advanced formulations, performance chemicals, and corporate business and services. The advanced material segment offers multiple products having applications in the aerospace, automotive, electronics, and healthcare industries. The performance chemicals segment offers a variety of products that are applied as a chemical intermediate. The corporate business and services segment provides services such as R&D and innovation centers. The company has 115 manufacturing sites across 61 countries in the world. The revenue generated from sustainable solutions accounts for about 50% of the total company’s revenue.
ArrMaz - ArrMaz is a manufacturer of specialty chemicals, owned by a private equity firm Golden Gate Capital located in San Francisco. The company offers its products and services to various end-use industries such as fertilizer and mining which includes industrial ammonium nitrate, phosphate, & asphalt, and oil & gas. It caters its products to customers from 70 countries across the globe. Services offered include inventory management, custom chemical synthesis/toll manufacturing, on-site application & process support, and equipment & inventory services.
Chemipol S.A. - Chemipol S.A. is a manufacturer and supplier of biocides, additives, and process chemicals. The company offers its products to various end-use industries such as agrochemicals, emulsions & adhesives, fuel, household products, metalworking fluids, paints & coatings, paper, personal care, and water treatment. All the products manufactured by the company comply with REACH (European Union) and the company has established a separate division to ensure smooth transition of regulations and guarantee product compliance to end users. It offers various services such as analysis and physic-chemical studies, on-site audits, microbiological tests, product performance tests, engineering support, industrial efficiency studies, and regulatory & registration assistance specific to the application of numerous end-use industries.
Cameron Chemicals - Cameron Chemicals is a family-owned business, initially established for manufacturing oxy sulfate micronutrients. Its portfolio comprises about 24 products, which find application in the agriculture sector, mainly as micronutrients for plants and soil. The company has two manufacturing facilities located in Norfolk, VA, and Suffolk, VA. It owns six warehousing facilities located in the U.S.
Michelman, Inc. - Michelman, Inc. is a developer and manufacturer of environment-friendly advanced materials. The company operates through three major segments including coatings, industrial manufacturing, and printing & packaging. The coatings segment consists of products such as agriculture ingredients, architectural specialty coatings, industrial & maintenance coatings, ink & overprint varnishes, and polishes. The industrial manufacturing segment includes reinforced plastic composites and technical textiles. Printing & packaging segment includes flexible packaging, paper converting & corrugated, and specialty printing. The company is well known for its expertise in digital printing-press primers & OPVs, development of barrier & functional coatings for application in industrial packaging, commercially printed materials, paper products, and labels.
Tolsa SA - Tolsa SA is engaged in manufacturing and supplying a wide range of industrial products, consumer products, and specialty chemicals. The company operates in over 90 countries and has a logistic platform, office, factory, and laboratory across 12 locations in Asia, Africa, America, and Europe. It procures raw materials from three regions including Asia Pacific, Europe, and North America to offer a differentiated range of products to its customers.
ChemSol, LLC - ChemSol, LLC offers a wide variety of chemicals including acids, alcohols, amines, chelating agents, glycols, phosphates, chlor-alkali, and surfactants. It caters to various end-use industries such as animal nutrition & feed ingredients, fertilizer & agriculture, food processing & manufacturing, oil & gas drilling, water treatment, and resin additives. The company has operations across the U.S. and Canada. Its fertilizer additives can be used in a variety of fertilizers such as urea, DAP, MAP, and others. It offers various services such as supply chain management, product disposal or recycling, contract import or export, liquid & dry blending packaging, product repackaging, and warehousing.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2019, historic information from 2014 to 2018, and forecast from 2020 to 2025). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2019 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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