Ken Research - Asia Complex Fertilizer Market Research Report | Page 2

February 2018
Asia Complex (NPK) Fertilizer Market Outlook to 2022
By Country: China was the largest consumer and producer of complex fertilizers in Asia
and accounted for about ~% of the market in 2017, in terms of revenue. India ranked second
and comprised for ~% of the market share in 2017. Vietnam, Indonesia and Thailand were
other major countries utilizing complex fertilizers in Asia and accounted for ~%, ~% and ~%
market share respectively in 2017. All other Asian countries together comprised for
remaining ~% of the market.
By Product Form: Blended form of complex fertilizers were widely used in Asian countries
owing to lower capital investment required in producing the same. Blended complex
fertilizers comprised for ~% of the market share as compared to ~% by granulated or fused
complex fertilizers.
By Product Type: Complex fertilizers comprising of three primary nutrients (nitrogen,
phosphorous and potassium) were widely consumed by the Asian countries and accounted
for ~% market share in 2017. On the other hand, complex fertilizers comprising of two
nutrients accounted for ~% market share in 2017.
By Grade: NPK 15-15-15 was the most widely used complex fertilizer in Asia and accounted
for ~% market share in overall complex fertilizer market in 2017. NPK 16-16-8, NPK 20-20-15
and NPK 20-20-0 were other popularly used fertilizer grade which comprised for ~%, ~%
and ~% market share respectively in 2017. All other grades/formulas of complex fertilizers
together comprised for about ~% of the market share in 2017.
Asia Complex Fertilizer Market Future Outlook and Projections
Asia complex fertilizer market is expected to register steady growth in the near future owing
to anticipated rise in international market prices of Urea, DAP and MAP. Planned capacity
expansion and rising demand for complex fertilizers due to ever increasing food demand in
Asian subcontinent and heightened need to improve crop yield will drive the market
growth in the mid-long term. As countries strive to increase domestic production of complex
fertilizers and improve agricultural productivity, the market for complex fertilizers is
expected to gain traction. Complex fertilizer market is anticipated to grow from USD ~
billion in 2018 to USD ~ billion by 2022 at a CAGR of ~% during the period 2018-2022.
Overall, complex fertilizer production in Asia is expected to grow at a CAGR of ~% during
2018-2022, whereas consumption of complex fertilizers is expected to incline at a CAGR of
~% during the same period.
Key Topics Covered in the Report:
Asia Complex Fertilizer Market Size by Revenue
Asia Complex Fertilizer Market Segmentation by Country, By Product Form, By Product Type, By
Application in Crops, By Grades, 2017
Trends and Developments in Asia Complex Fertilizer Market
China, India, Vietnam, Thailand, Indonesia Complex Fertilizer Market Size, Segmentation, Trade
Scenario, Competitive Landscape of Major Players, Future Outlook and Projections
SWOT Analysis of Asia Complex Fertilizer Market
© Licensed product of Ken Research; should not be copied
2