Tertiary Amines Market Size Worth $5.72 Billion By 2025

The global tertiary amines market size is projected to reach USD 5.72 billion by 2025, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth.

In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants.

Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies including China, India, Japan, and South Korea. The presence of key raw material suppliers and manufacturers with massive production capacities is expected to further propel the regional growth.

The personal care application is expected to record significant growth over the forecast period. The rapidly growing personal care industry in emerging economies, such as China and India along with the rising consumer preference for personal hygiene and skincare is expected to drive the demand for tertiary amines demand.

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https://www.grandviewresearch.com/industry-analysis/tertiary-amines-market

Further key findings from the report suggest:

C-8 tertiary amine is anticipated to expand at a CAGR of 4.4%, in terms of revenue, from 2019 to 2025 as they are majorly used for manufacturing amine oxides and surfactants
Floatation reagents application segment is anticipated to hold a market share of 11.8% in 2025 on account of growing demand for the product in water treatment
The consumption of tertiary amines in petroleum end use is expected to register a CAGR of 4.7% from 2019 to 2025 backed by rising demand for drilling fluids
The Germany tertiary amines market is anticipated to exceed 47.6 kilotons by 2025 owing to the presence of major polyurethane foam manufacturers, such as BASF SE, Bauder, and Covestro
Some of the key market participants are Arkema, Lonza, Dow Chemical Co., BASF SE, Kao Corporation, and Albemarle Corporation

Lawn & Gardening Consumables Market Worth $25.94 Billion By 2027

The global lawn & gardening consumables market size is anticipated to reach USD 25.94 billion by 2027, expanding at a CAGR of 3.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing preference for landscaping and gardening activities across the residential, commercial, and industrial sectors is expected to drive the market for lawn and gardening consumables.

In addition, consumers are increasingly investing in home improvement or home remodeling projects to revamp their traditional household structure. Growth of the home values have doubled the total homeowner equity in the past five years. This has allowed the homeowners to feel richer and more disposed towards spending money on home improvement. This scenario is propelling the preference for accommodating gardening areas in the residential units. According to the American Housing Survey conducted by Harvard’s Joint Center for Housing Studies, the home improvement industry was valued at USD 383.3 billion in 2017.

Furthermore, wave of millennials are buying homes, particularly older homes that require more improvements, thus boosting the demand for landscaping products. According to a research conducted by HomeAdvisor, millennials are investing in a greater number of home improvement projects each year as compared to other age groups. Moreover, many consumers are considering the concept of landscaping as an essential part of interior decoration, which, in turn, is driving the demand for lawn and gardening consumables.

North America emerged as the largest regional market in 2019 and is expected to maintain its lead over the forecast period. Growing trend of house occasions is expected to boost the demand for lawn and gardening consumables in the region. Moreover, according to the National Association of Home Builders (NAHB), the number of single-family permits in U.S. has increased by 8.4% in 2018. Thus, rising developments in the residential household category are expected to drive the need for home décor, thereby resulting in the increased demand for lawn and gardening consumables.

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https://www.grandviewresearch.com/industry-analysis/lawn-gardening-consumables-market

Further key findings from the report suggest:

By end user, the residential segment accounted for a share of more than 45% in 2019 and is expected to expand at the highest CAGR over the forecast period
Based on product, fertilizers held a major share of more than 32% in 2019 and is expected to maintain its lead in the next few years
Some of the major players operating in the lawn & gardening consumables market are Ace Hardware Corporation, AE McKenzie, Agrium Incorporated, AMBRANDS, Amrep, Andersons Incorporated, APEX Nursery Fertilizer, BASF SE, DowDuPont, Espoma Company, Ferry-Morse Seed, Premier Tech Limited, and Scootney Springs Seed.

Nitric Acid Market Size Worth $31.1 Billion By 2027

The global nitric acid market size is projected to reach USD 31.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 3.3% over the forecast period. Rising demand for nylon products from the automotive, construction, and textile industries is projected to be the key factor boosting market growth.

Adipic acid formulation is one of the key applications of nitric acid; it is widely used to formulate nylon resins and fibers in the automotive industry. The developing automotive sector demands constant innovation such as high-end component designing and lightweight materials to effectively enhance performance and fuel efficiency. These factors create a positive impact on nitric acid production globally. Government regulations to curb carbon emission have paved the way for the use of nylon to produce plastics and fabrics as a replacement to heavy alternatives, thereby reducing fuel consumption and simultaneously decreasing emission levels.

Furthermore, one of the most important applications of nitric acid is fertilizer composition. Calcium ammonium nitrate and ammonium nitrate are the two key fertilizers derived from nitric acid which are extensively utilized in the agricultural sector. Moreover, urea ammonium nitrate is derived from the chemical and finds application in formulating explosives and fertilizers. Major countries of the Asia Pacific region are agrarian economies, which subsequently leads to a high product demand for fertilizer manufacturing across countries such as India, Indonesia, and Thailand.

However, stringent regulations against excessive use of ammonium nitrate fertilizers owing to environmental degradation are likely to create a negative impact on the nitric acid market in developed economies of North America and Western Europe. In the past decade, excessive use of these agrochemicals has resulted in the depletion of nitrogen levels in groundwater reserves and has also resulted in lower nutrient content of the soil. Therefore, the implementation of strict laws against the usage of synthetic chemical products for farming is likely to decrease the demand for nitric acid in the agricultural sector.

Nitric acid is widely used in the manufacturing of organic chemicals such as the production of nitrate salts, coal tars, catalyst, dyes, and reprocessing of used nuclear fuels. It is also used in the purification of precious metals such as gold, platinum, and silver.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/nitric-acid-market

Further key findings from the study suggest:

The global nitric acid market is anticipated to register a CAGR of 1.6% from 2020 to 2027 in terms of volume, owing to the rising demand for fertilizers to increase agricultural product output
Europe accounted for a significant market share of 55.2% in 2019 in terms of volume due to extensive agricultural activities in France, Germany, and U.K.Multiple concerns have been raised in the region in terms of environmental impact and sustainability, which played a key role in stabilizing agricultural production through technological advancements
North America is projected to register a significant growth rate over the forecast period owing to the presence of numerous multinational chemical manufacturers in the region
Companies such as CF Industries and Yara International are among the top industry players due to constant innovations and strategic alliances formed by the companies to sustain in the global ecosystem.

Nitric Acid Market Size Worth $31.1 Billion By 2027

Click the link below:
https://www.grandviewresearch.com/industry-analysis/nitric-acid-market

Further key findings from the report suggest:

The global nitric acid market is anticipated to register a CAGR of 1.6% from 2020 to 2027 in terms of volume, owing to the rising demand for fertilizers to increase agricultural product output
Europe accounted for a significant market share of 55.2% in 2019 in terms of volume due to extensive agricultural activities in France, Germany, and U.K.Multiple concerns have been raised in the region in terms of environmental impact and sustainability, which played a key role in stabilizing agricultural production through technological advancements
North America is projected to register a significant growth rate over the forecast period owing to the presence of numerous multinational chemical manufacturers in the region
Companies such as CF Industries and Yara International are among the top industry players due to constant innovations and strategic alliances formed by the companies to sustain in the global ecosystem.

Ammonia Market Size Worth $76.64 Billion By 2025

The global ammonia market size is anticipated to reach USD 76.64 billion by 2025, at a registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Fertilizer is the major application of the product as well as an important source of nitrogen in the agricultural industry, which is expected to benefit the market over the forecast period.

Liquid ammonia segment dominated the market in 2016. It is majorly used in fertilizer and industrial & household cleaning applications. Ammonia is a colorless and pungent alkaline gas composed of hydrogen and nitrogen. It is an essential gas, which is used in various biological processes and industrial applications. It causes irritation to the eyes, skin, nose, lungs, and throat. Globally governments have established various safety-related regulations associated with the production, usage, and transportation of the product. The regulations also provide some directives for the equipment and methods used during the production process and handling of ammonia.

Globally, the gap between supply & demand of the product is gradually becoming surplus, hence resulting in continuous price fluctuations. This gap is mainly due to continuous capacity additions, especially in Southeast Asia (China and Indonesia), Middle East, Central & South America, and the U.S. The continuous increase in capacity additions and weakening of the demand owing to lower crop prices, poor economic prospects, fluctuating energy prices, and rising competition are anticipated to be the major challenges for the industry over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/ammonia-market

Further key findings from the report suggest:

The global ammonia market was valued at USD 48.65 billion in 2016. The industry is anticipated to reach USD 76.64 billion by 2025, ascending at a CAGR of 5.3% from 2017 to 2025.
Fertilizer application segment dominated with over 40% of the overall share in terms of revenue
Rising demand for nitrogen fertilizer owing to its advantages for application in the agricultural sector is anticipated to boost the market over the coming years
Some of the other major application industries of the product include household & industrial cleaning, food & beverage, metallurgical processes, water and wastewater treatment, rubber, pulp & paper, and leather
Asia Pacific dominated the industry in 2016 and is projected to be the fastest-growing region over the forecast period
The industry is highly competitive in nature with the presence of various global players
Some of the key market players are Yara International; BASF SE; CF Industries Holdings; Inc.; PotashCorp; Huaqiang Chemical Group; Shanxi Jinfeng Coal Chemical; Rashtriya Chemicals & Fertilizers Ltd.; China Petroleum & Chemical Corporation; and China National Petroleum Corporation

Phosphate Rock Market Worth $39.3 Billion By 2025

The global phosphate rock market size is anticipated to reach USD 39.3 billion by 2025, denoting a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by the increasing use of fertilizers in the agriculture industry to enhance plant growth.

In the agriculture sector, phosphate rock is used in the form of phosphorus-based fertilizers. Fertilizers are sprayed on agricultural and arable land to provide soil nutrients essential for healthy plant growth. The growing global population has facilitated the use of fertilizers to increase the efficiency of crop production to supply sufficient food products. This is likely to increase the utilization of the product over the coming years.

Changing consumer food preferences, such as increasing consumption of packaged & processed food and meat products, are likely to fuel the demand for phosphate rock. It is used as an additive in processed food and as a feed phosphate in animal feed industry. Feed phosphates ensure healthy livestock as they help improve digestion and bone strength of animals.

Phosphorous is used as a preservative in packaged food & beverages. Rising disposable income and increasing working population are likely to drive the demand for packaged food products. Consumers opt for packaged food & beverages such as yogurt, buttermilk, and salads owing to their hectic routine schedule. This is projected to fuel the utilization of the product over the forecast period.

Major players in the market such as Itafos, Nutrien Ltd., and The Mosaic Company are adopting acquisition as the major strategy to enhance their technological capabilities, expand their businesses at the global level, and widen the product portfolios. For instance, The Mosaic Company, in August 2018, acquired Vale Fertilizantes, a fertilizer company in Brazil, for USD 2.5 billion to improve its business and enhance its presence in the Brazilian agriculture sector.

In February 2018, Itafos acquired all issued and outstanding common shares of GB Minerals Ltd., a mining, exploration, and development company. Itafos owns 31.3% interest in GB Minerals Ltd., which makes the latter an indirect wholly-owned subsidiary of the former. The acquisition has also enabled Itafos own Farim Phosphate Project, previously owned by GB Minerals.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/phosphate-rock-market

Further key findings from the report suggest:

The fertilizers application segment is anticipated to register a CAGR of 5.2%, in terms of volume, over the forecast period
The phosphate rock market in North America is expected to progress at a low CAGR of 2.8%, in terms of volume, from 2019 to 2025 owing to the increasing consumption of meat
The Middle East & Africa is expected to witness a CAGR of 4.0%, in terms of revenue, due to high phosphate fertilizer exports from the region
Major players are adopting strategies such as acquisitions to increase their production capacities and to cater to the growing demand for phosphate rock.