Global Humic Acid Market Growth 2019-2024
Humic acids are the water soluble organic acids naturally present in soil organic matter. Humic acids are not a single compound, but rather a collection of different molecular weight compounds with similar characteristics. They are usually defined by the process through which they are isolated, rather than by a particular chemical structure. Humic Acid provides a source of soil building carbon.
Raw materials of humic acids include peat, brown coal, weathered coal and others. Raw material resources are abundant. Also manufacture process is mature in this industry. So, there are many manufactures all over the world. Concentration degree in this industry is low. NTS, Humintech, Humic Growth Solutions, Creative Ideas, Omnia Specialities Australia, Canadian Humalite International, Grow More, Humatech, AMCOL International, HCM Agro and Jiloca Industrial are global major manufacturers.
Humic acids have many applications in agriculture, animal feed, environmental protection or others. Among all uses, humic acids consumption in agriculture is large, which took a share of 78.10% in 2015. In the future, we predict that agriculture demand for humic acids will continue to increase.
According to this study, over the next five years the Humic Acid market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 1280 million by 2024, from US$ 980 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Humic Acid business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Humic Acid market by product type, application, key manufacturers and key regions and countries.
This study considers the Humic Acid value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Powdered Humic Acid
Granular Humic Acid
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Humic Growth Solutions
Omnia Specialities Australia
Canadian Humalite International
Xinjiang Double Dragons
Innovation Humic Acid Technology
Pingxiang Anhua Biotechnology
China Green Agriculture
Inner Mongolia Guangna Humic Acid
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Humic Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Humic Acid market by identifying its various subsegments.
Focuses on the key global Humic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Humic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Humic Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.