Business Opportunity in NPK Fertilizer Granulation Plant
The NPK fertilizer granules are produced with the help of NPK granulation machines. While buying NPK fertilizer granulation equipment, it is important to know that there are two different methods of granulation fertilizer and these are wet and dry. The dry method uses the extrusion force to press dry powder into pellets. Whereas, in the wet drum pelletizers, the liquid needs to be added to the raw material to give an adhesive force for granulation. The dry granulation pelletizer is one of the most important pieces of equipment in and NPK compound fertilizer production line.
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Production Process of NPK Granulation Plant
All the raw materials in the weigh belt conveyors are weighed and moved to the mixer for the production of a homogenous mixture. The material is then mixed with recycle material and taken for granulation in a granulation drum where the partial granulation is achieved with a very fine jet water spray. This fine powder gets deposited on small nuclei. This process can also be controlled to produce particle size as per the demand of the customers. The material is taken to a dryer drum where hot air generated in the furnace is passed through it. The raw material that has low melting points easily melts and gets deposited on the nuclei. The high temperature evaporates water and the material is air-dried. Moreover, the material is cooled by blowing ambient air through it in a cooler drum. The 1-4 mm or desired size homogenous particles are obtained using vibrating screens. The screened particles of uniform size are precisely packed in a bag. The oversized material and undersized are then recycled.
Usage of NPK Fertilizers in Various Industries
For NPK granulation plant Nitrogen (N), phosphorus (P), and potassium (K) are mainly nutrients required. The market of fertilizers globally was valued at around 160 billion in the year 2018 and is anticipated to register steady growth in the review period. NPK fertilizers are majorly used for farming, resulting in high demand worldwide. The major driving factors for the growth of NPK granulation plants are shrinking farmlands across the globe, concerns related to food safety, and the need for high crop yield. Globally, the share of agricultural land to total land reduced to 37.43 % in the year 2016 from 39.07% in the year 2000. This has resulted in the use of fertilizers such as NPK.
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Market Scenario of NPK Fertilizers
The market of the NPK granulation plant is anticipated to cross USD 25 billion by the year 2025 at a compound annual growth rate of 2.3% in the forecasted year of 2019 to 2025. The NPK fertilizer market is highly fragmented and competitive with numerous global and regional players active in the market. Whereas, the market is dominated by some of the major players such as BASF SE, Yara International, Coromandel International, and The Mosaic Company recognized through their prominent brands. To maintain the customer base the market players are focusing more on product innovation and marketing. The companies are adopting different growth strategies to maintain their dominance in the market. For instance, in July 2013, Borealis AG acquired GPN SA from TOTAL S.A. (France). This achievement helped the company enlarge its portfolio of nitrogen fertilizers.
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Conclusion
Niir Project Consultancy Services (NPCS) provides detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, and Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, on various segments. A lot of engineers, project consultant & industrial consultancy firms in India and across the globe have taken benefit from the project report provided by NPCS. You can also get project report and books from the official website of NPCS.
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