Global Silicon Fertilizer Market: Analysis and Opportunity Assessment 2018-2024
March 13, 2019
Bharat Book Bureau Provides the Trending Market Research Report on “Global Silicon Fertilizer Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024”under Food & Beverage Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Silicon Fertilizer Market is projected to grow at a CAGR of 6.6% from USD 2.6 billion in 2018 to USD 4.6 billion by 2024.
Global Silicon Fertilizer Market is a type of fertilizer that with soluble silicon, usually bio-available silicon (available SiO2 min. 20%) or silicic acid (H4SiO4) in the form of monosilicic acid or orthosilicic acid can be absorbed and utilized by plant.
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Silicon fertilizer is mainly used for paddy, orchard, etc., while paddy takes up about 51% of the global market in 2015, following by orchard with the share of about 37%.
The global silicon fertilizer average price is in the decline trend, from 582 $/MT in 2011 to 524 $/MT in 2016. The price will be in decline trend if more capacity goes into operation and price of the raw material get reduction in the future. The silicon fertilizer sales will reach about 3037 K MT in 2016 from 2411 K MT in 2011 all around the world, with the CAGR of 4.7%.
Plant Tuff, Fuji Silysia Chem, Denka, Fertipower Norway, Agripower, Redox, Zhongnong Lvhe Silicon and Maileduo Fertilizerare the key producers in the global Silicon fertilizer market. Top seven of them took up about 50% of the global production in 2015. In the world, giant manufactures mainly distribute in American, Japan Europe and Australia. Japan has a long history and unshakable status in this industry, like Fuji Silysia chemical and Denka, both have perfect products. As to America, the Plant Tuff has become a global leader. In Europe, it is Fertipower Norway A.S. which leads the technology development. In China, the manufactures focus in northeast and middle areas of China.
China, USA, Japan, Norway, India, Australia are now the key producers of silicon fertilizers. China mainly produces low-end products, due to their low end raw material and technology. Chinese players usually rely on steel manufacturers, and few of them have import and export qualification. In the consumption, the developed areas market is more mature than the developing regions, especially China; it needs more time to let Chinese common farmers aware of the importance of silicon fertilizer. The import and export percent of this industry is not much because the production activities mainly concentrate in the consuming regions.
The development of whole industry sees the extension of other industries, like mine industry, steel industry, coal-fired power industry and etc. The upstream industry players enter into silicon fertilizer industry more likely to solve environmental pollution problem.
This industry is affected by the economic development level and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Silicon Fertilizer will increase.
The worldwide market for Silicon Fertilizer is expected to grow at a CAGR of roughly 2.3% over the next five years, will reach 1870 million US$ in 2024, from 1630 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Silicon Fertilizer in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers:
Fuji Silysia Chem
Multimol Micro Fertilizer
Vision Mark Biotech
Zhongnong Lvhe Silicon
Market Segment by Regions, regional analysis covers:
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
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