Market Share of Polymer Coated Urea Industry
The polymer-coated urea fertilizer market is consolidated, resulting in the dominance of the global players over the market. Nutrien Ltd, J.R.Simplot Company, Koch Agronomic Service, Haifa Group, ICL Specialty Fertilizers, and DeltaChem GmbH, are some of the major players in the market. Mergers and acquisitions are one of the prime strategies followed by some companies, along with adopted partnership strategies for R&D support, and financial and marketing support. For instance, in 2018, Grupa Azoty acquired Compo Expert, which is the largest chemical company in Poland. With this acquisition, Grupa Azoty planned to increase its production and market outreach. An increase in the production capacity is also one of the key approaches observed among the fertilizer companies to meet the growing demand. Haifa Group started its CRF production facility at Savannah in 2016. This unit is expected to produce 20,000 metric ton of Multicote and Cote fertilizer, annually.
Polymer Coated Urea Market Leaders
Nutrien Ltd.
J.R. Simplot Company
Koch Agronomic Service
Haifa GroupHaifa Group
ICL Specialty Fertilizers
*Disclaimer: Major Players sorted in no particular order
