Global NPK Fertilizers Market was valued at US $ 115.4 Billion in 2022 and is expected to reach US $ 148.5 Billion by 2030 growing at a CAGR of 3.2% during the forecast period 2023 – 2030.
The NPK (Nitrogen, Phosphorus, and Potassium) fertilizer market refers to the global or regional industry dedicated to the production, distribution, and utilization of fertilizers containing essential macro-nutrients, namely nitrogen (N), phosphorus (P), and potassium (K). These fertilizers are designed to provide crops with the necessary nutrients for optimal growth and development, enhancing crop yields, quality, and overall agricultural productivity. The NPK fertilizer market encompasses a wide range of products, including granular, liquid, and blended fertilizers, each tailored to meet the specific nutrient requirements of different crops and soil conditions. This market plays a pivotal role in sustaining global food security, supporting agricultural practices, and addressing the nutritional needs of a growing global population while ensuring environmental sustainability and responsible resource management. It also involves various stakeholders, such as fertilizer manufacturers, distributors, farmers, and researchers, all contributing to the dynamic and evolving landscape of nutrient management in agriculture.

Some of the benefits of designing a NPK Fertilizers Market include:

• Optimized Crop Yields: NPK fertilizers play a pivotal role in providing essential nutrients crucial for plant growth and development. Their precise delivery of these nutrients in well-balanced proportions leads to the optimization of crop yields, ensuring a reliable and abundant food supply.
• Enhanced Food Security: NPK fertilizers are a linchpin in bolstering global food security by fine-tuning crop production. They help meet the dietary needs of a burgeoning global populace, securing access to a stable and sufficient food supply.
• Maintaining Nutrient Equilibrium: NPK fertilizers offer a harmonious blend of vital nutrients, preventing any deficiencies or imbalances that might impede plant health and overall yield. This equilibrium is of paramount importance for the sustainability of agriculture.
• Elevated Crop Quality: Beyond augmenting crop yields, NPK fertilizers uplift the quality of crops. They foster the growth of robust and healthier plants, resulting in superior produce. This is a boon for both food and non-food crops, ensuring high standards of quality.
• Resource Efficiency and Sustainability: NPK fertilizers boost resource efficiency by aiding in the responsible use of land, water, and energy. These sustainable agricultural practices, supported by judicious fertilizer application, contribute to resource conservation and minimize the environmental footprint.
• Economic Advancement: The utilization of NPK fertilizers holds the potential to substantially elevate the earnings of farmers. Elevated crop yields and improved crop quality translate into increased profitability, fortifying the economic well-being of agricultural communities.

COVID -19 Impact 

The NPK (Nitrogen, Phosphorus, and Potassium) fertilizer market experienced significant impacts as a result of the COVID-19 pandemic. Disruptions in global supply chains due to lockdowns and transportation restrictions led to challenges in the production and distribution of NPK fertilizers. Price volatility ensued, driven by fluctuations in raw material costs and currency exchange rates, creating uncertainty for both producers and consumers. Shifts in agricultural demand emerged, with certain crops facing reduced demand due to disruptions in the foodservice industry. Farmers encountered difficulties in accessing fertilizers, raising concerns about potential crop yield losses. 

Governments intervened by providing subsidies and incentives to ensure food security. The pandemic also highlighted the importance of resilient food supply chains and sustainable agriculture practices, potentially driving long-term investments in the sector. Digital agriculture technologies gained prominence, enhancing the precision and efficiency of fertilizer application. Furthermore, there is an increasing emphasis on environmentally sustainable agriculture, aligning with global efforts to address climate change and ecological concerns. The NPK fertilizer market has undergone significant adjustments in response to the pandemic, shaping its trajectory as it navigates evolving global challenges.

Factors Driving the Market

Drivers

Rapid Adoption of Precise Farming

The rapid adoption of precision farming practices has become a powerful driver for the growth of the NPK (Nitrogen, Phosphorus, and Potassium) fertilizer market. This transformative approach to agriculture, facilitated by advanced technologies and data-driven insights, optimizes the application of NPK fertilizers in several significant ways. Precision farming ensures that crops receive the precise nutrients they require, leading to increased fertilizer demand. It not only enhances crop yields but also improves crop quality, which is pivotal for high-value produce. Furthermore, it promotes environmental sustainability by reducing over-application, aligning with stricter regulations and environmental concerns. Precision farming is a cost-effective solution, delivering savings in terms of inputs, labor, and fuel, which incentivizes farmers to adopt these practices and invest in NPK fertilizers. 

Moreover, it addresses global food security challenges by boosting production. As precision farming continues to evolve with ongoing technological advancements, its accessibility and effectiveness grow, encouraging more farmers to embrace these techniques and, consequently, boost their usage of NPK fertilizers. This synergy between precision farming and NPK fertilizers not only enhances agricultural productivity but also aligns with the sustainability and quality-driven expectations of the modern agricultural landscape. For instance, The market value of precision farming is expected to grow from approximately seven billion U.S. dollars in 2021 to 14.5 billion U.S. dollars by 2027.

Increase in Demand for food

The surge in global food demand stands as a paramount driver behind the burgeoning market of NPK (Nitrogen, Phosphorus, and Potassium) fertilizers. As the world's population continues to expand and dietary preferences evolve, the need for enhanced food production has never been more pressing. The rise in urbanization further underscores the importance of efficient, high-yield agricultural systems to supply growing urban populations with an array of food products. NPK fertilizers play an indispensable role in addressing this demand by significantly increasing crop yields and ensuring food security. 

Additionally, as countries seek self-sufficiency and participation in global food trade, investments in agriculture and NPK fertilizers become imperative. The cultivation of diverse crops, catering to varied food preferences, is also on the rise, making NPK fertilizers essential for sustaining and increasing the production of fruits, vegetables, and specialty crops. Moreover, the resilience of agriculture to the unpredictable impacts of climate change hinges on the adoption of NPK fertilizers to bolster crop yields and secure food supply. In essence, the rise in food demand is a driving force propelling the NPK fertilizer market forward, as it aligns with the critical task of nourishing a growing global population and providing sustenance to the changing dietary landscape. As per Statista, The Food market is poised for remarkable growth, with revenue projected to reach a substantial US$330.40 billion in 2023. 

Anticipated to maintain robust growth, the market is expected to exhibit an impressive annual growth rate (CAGR) of 17.06% from 2023 to 2027, ultimately reaching a projected market volume of US$620.50 billion by the latter year. Notably, the epicenter of this market's revenue generation in 2023 is China, contributing significantly with a projected market volume of US$119,900.00 million. As the market progresses, it is expected to witness a steady increase in the number of users, with projections indicating approximately 1.4 billion users by 2027. User penetration is set to rise from 13.2% in 2023 to an estimated 18.1% by 2027. Furthermore, the average revenue per user (ARPU) is expected to reach US$325.00, underscoring the market's potential for both expansion and economic value.

Challenges

Rising cost of fertilizer raw materials

The NPK (Nitrogen, Phosphorus, and Potassium) fertilizer market is notably affected by the rising cost of fertilizer raw materials. As the costs of key inputs like phosphate rock, potash, and natural gas, used in the production of nitrogen-based fertilizers, increase, the market encounters several challenges. Price inflation in the fertilizer sector can make NPK fertilizers more expensive for farmers, potentially leading to reduced demand as affordability becomes a concern. Additionally, farmers operating within budget constraints may be compelled to reduce fertilizer application rates or seek more cost-effective alternatives. 

This cost pressure can also squeeze profit margins for manufacturers, who may attempt to pass on increased costs to consumers. On a larger scale, it can influence global food production, impacting crop yields and potentially leading to reduced food production. Market players may respond by seeking alternative raw material sources or investing in cost-effective technologies. Government policies and subsidies may be implemented to stabilize the market and support farmers. In sum, the rising cost of fertilizer raw materials presents a complex landscape for the NPK fertilizer market, one that necessitates adaptability and innovative solutions to sustain growth and stability.

Trends

Growing health concerns

The NPK (Nitrogen, Phosphorus, and Potassium) fertilizer market experiences substantial growth driven by the mounting health concerns of consumers. In an era where food quality, safety, and nutrition are paramount, NPK fertilizers play a critical role in addressing these apprehensions. These fertilizers are instrumental in enhancing crop yields and elevating the nutritional value of produce, aligning with the evolving preferences of health-conscious consumers. Furthermore, the use of NPK fertilizers results in crops with fewer blemishes, reduced pesticide residues, and improved overall quality, meeting the demands of discerning consumers. 

Their role in organic and sustainable agriculture also bridges the gap between conventional and organic farming, catering to individuals seeking healthier and environmentally responsible food options. By nourishing soil and promoting plant health, NPK fertilizers contribute to nutrient-rich, resilient crops that align with the values of health-conscious consumers. As consumers increasingly prioritize health, NPK fertilizers become a linchpin in ensuring the safety, nutritional content, and overall quality of the food supply, propelling market growth.

Market Segmentation 

By Crop Type

• The Cereals and Grains dominated the NPK Fertilizers Market in 2022.
• The Cereals and Grains is the fastest growing segment, growing at a CAGR of 5.7% during the forecast period.

By Crop Type, the global NPK Fertilizers Market is divided into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others.Cereals and grains have assumed a pivotal role as both the leading and fastest-growing crop type within the NPK (Nitrogen, Phosphorus, and Potassium) Fertilizers Market. Their preeminence is rooted in their status as global dietary staples, essential for ensuring food security and meeting the caloric needs of vast populations. Extensively cultivated across diverse agro-climatic regions, these crops offer high yield potential, economically benefiting farmers of all scales. Moreover, cereals and grains exhibit significant nutrient demands, with NPK fertilizers playing a vital role in optimizing their growth and productivity. As global food demand continues to surge due to population growth, these staple crops have witnessed increasing cultivation, supported by advances in agricultural technologies. 

In addition to direct consumption, their versatility spans various applications, from animal feed to industrial usage, further solidifying their market dominance. Cereals and grains are not only adaptable to various growing conditions but also contribute to soil health and pest management, making them a preferred choice for crop rotation strategies. Their resilience, coupled with their global importance and ever-increasing demand, underscores their role as the prominent and rapidly expanding segment in the NPK Fertilizers Market.

By Application

• The Foliar dominated the NPK Fertilizers Market in 2022.
• The Foliar is the fastest growing segment, growing at a CAGR of 12.7% during the forecast period.

By Application, the global NPK Fertilizers Market is divided into Fertigation, Foliar, Others

Foliar application of NPK (Nitrogen, Phosphorus, and Potassium) fertilizers has assumed a dual role as the leading and fastest-growing method within the NPK Fertilizers Market. Its prominence stems from its remarkable efficiency in nutrient uptake, allowing for direct absorption through plant leaves. This not only accelerates the delivery of essential nutrients but also ensures precision in targeting specific plant parts. With minimal nutrient loss and the ability to seamlessly integrate into existing crop management practices, foliar application minimizes environmental risks and offers versatility in combining treatments. It is a valuable tool in stress management, ensuring rapid responses to deficiencies and bolstering plant resilience. Its effectiveness in increasing nutrient use efficiency, improving crop yields and quality, and its adaptability to a wide spectrum of crops further solidify its position as the favored method for enhancing agricultural productivity and sustainability.

By Form

• The Dry segment dominated the NPK Fertilizers Market in 2022.
• Dry is the fastest growing segment, growing at a CAGR of 9.3% during the forecast period.

By Form the NPK Fertilizers Market is divided by Dry, Liquid.

Dry NPK (Nitrogen, Phosphorus, and Potassium) fertilizers have emerged as both leaders and high-growth contributors in the fertilizer market for several compelling reasons. Their convenience in handling and storage, reduced transportation costs owing to higher concentration, longer shelf life, and precise customizability make them a practical choice for both suppliers and farmers. In an era of modern farming practices that emphasize variable-rate application and sustainability, dry NPK fertilizers seamlessly integrate into these systems while addressing environmental considerations. The global expansion of agriculture and the need for enhanced crop productivity further drive the demand for dry NPK fertilizers. Their reliability over extended periods and their role in meeting the evolving needs of agriculture underscore their leading position and rapid growth within the market.

By Region

• The North America region dominated the NPK Fertilizers Market in 2022.
• The Europe region is the fastest growing segment, growing at a CAGR of 11.2% during the forecast period.

By region, the global NPK Fertilizers Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.

North America assumes a leadership role in the NPK (Nitrogen, Phosphorus, and Potassium) fertilizer market due to its expansive and highly mechanized agricultural sector, encompassing diverse crop types and a strong focus on technological advancements. The region's advanced farming practices, precision agriculture, and ongoing research and innovation contribute to its market dominance. In contrast, Europe is the fastest-growing market, propelled by stringent regulatory measures that promote sustainable agriculture and environmental protection. Europe's transition to eco-friendly practices, the increasing demand for organic farming, and the burgeoning production of horticultural and specialty crops are driving the rapid expansion of the NPK fertilizer market. Both regions benefit from innovative approaches to nutrient management, but their distinctive factors define their roles in the market, with North America leading and Europe emerging as a dynamic growth leader.

Competitive Landscape

The global NPK Fertilizers Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• Indian Farmers Fertiliser Cooperative Limited (IFFCO)

The Indian Farmers Fertiliser Cooperative Limited (IFFCO) is a multi-state cooperative society headquartered in New Delhi, India. It stands as the world's largest cooperative based on GDP per capita turnover, according to the World Cooperative Monitor 2021. IFFCO primarily focuses on fertilizer manufacturing and marketing, boasting an extensive network of around 35,000 member cooperatives that benefit over 50 million Indian farmers. Established in 1967 with government support, IFFCO's founding mission was to provide affordable fertilizer access to Indian farmers. Since then, it has evolved into a global leader in the fertilizer manufacturing industry.

• Nutrien Limited

Nutrien Limited, headquartered in Saskatoon, Saskatchewan, is a Canadian multinational company specializing in crop inputs and services. It holds the distinction of being the globe's premier provider of crop inputs and services, with a pivotal role in aiding growers in enhancing food production sustainably. The inception of Nutrien occurred in 2018 following the merger of PotashCorp and Agrium. The company boasts an exceptional network of production, distribution, and retail facilities, meticulously designed to cater to the requirements of growers with utmost efficiency.

• Yara International ASA

Yara International ASA, a Norwegian chemical enterprise, specializes in the manufacturing, distribution, and sale of nitrogen-based mineral fertilizers alongside an array of related industrial products. Their product portfolio encompasses phosphate and potash-based mineral fertilizers, as well as specialized and complex mineral fertilizer products. Notably, Yara holds the distinction of being the world's largest producer of mineral nitrogen fertilizers. Originally established in 1905 as Norsk Hydro, the world's pioneer in mineral nitrogen fertilizer production, Yara International ASA emerged as an independent entity on March 25, 2004. The company is publicly listed on the Oslo Stock Exchange, with its headquarters based in Oslo.

• CF Industries Holdings Inc.
• Israel Chemicals Limited (ICL)
• Mosaic Company
• Sociedad Química y Minera S.A. (SQM)
• Uralkali
• Sinochem Holding Corporation Limited
• China National Chemical Corporation (ChemChina)
• EuroChem Group AG
• OCP Group
• Koch Industries, Inc.
• Orascom Construction Industries S.A.E. (OCI)
• Borealis AG
• BASF SE
• Dow Inc.
• Huntsman Corporation
• Eastman Chemical Company
• DSM N.V.

Recent Developments

• In September 2023, Nutrien unveiled plans for the construction of a state-of-the-art NPK fertilizer facility in Saudi Arabia, with an operational target set for 2025. This facility is set to yield an annual output of 1.5 million tonnes of NPK fertilizer.
•  In August 2023, Yara International disclosed its development of a novel NPK fertilizer tailored specifically for corn crops, with an anticipated market launch in 2024. 
• In July 2023, OCP Group made strides in NPK fertilizer production by announcing a substantial investment in a new Moroccan plant slated for operation in 2026, with a remarkable annual capacity of 2 million tonnes of NPK fertilizer.

Global NPK Fertilizers Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL NPK FERTILIZERS MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL NPK FERTILIZERS MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL NPK FERTILIZERS MARKET, BY CROP TYPE

5.1 Overview

5.2 Cereals and Grains

5.3 Oilseeds and Pulses

5.4 Fruits and Vegetables

5.5 Others 

6 GLOBAL NPK FERTILIZERS MARKET, BY APPLICATION

6.1 Overview

6.2 Fertigation

6.3 Foliar

6.4 Others

7 GLOBAL NPK FERTILIZERS MARKET, BY FORM

7.1 Overview

7.2 Dry

7.3 Liquid

8 GLOBAL NPK FERTILIZERS MARKET, By REGION

8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.2 Europe

8.2.1 Germany

8.2.3 U.K.

8.2.4 France

8.2.5 Rest of Europe

8.3 Asia Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 South Korea

8.3.5 Singapore

8.3.6 Malaysia

8.3.7 Australia

8.3.8 Thailand

8.3.9 Indonesia

8.3.10 Philippines

8.3.11 Rest of Asia Pacific

8.4 Others

8.4.1 Saudi Arabia

8.4.2 U.A.E.

8.4.3 South Africa

8.4.4 Egypt

8.4.5 Israel

8.4.6 Rest of Middle East and Africa (MEA)

8.4.7 Brazil

8.4.8 Argentina

8.4.9 Mexico

8.4.10 Rest of South America

9 COMPANY PROFILES

9.1 Indian Farmers Fertiliser Cooperative Limited (IFFCO)9.1.1. Company Overview

9.1.2. Key Executives

9.1.3. Operating Business Segments

9.1.4. Product Portfolio

9.1.5. Financial Performance (As per availability)

9.1.6 Key News

9.2 Nutrien Limited

9.2.1. Company Overview

9.2.2. Key Executives

9.2.3. Operating Business Segments

9.2.4. Product Portfolio

9.2.5. Financial Performance (As per availability)

9.2.6. Key News

9.3 Yara International ASA

9.3.1. Company Overview

9.3.2. Key Executives

9.3.3. Operating Business Segments

9.3.4. Product Portfolio

9.3.5. Financial Performance (As per availability)

9.3.6. Key News

9.4  CF Industries Holdings Inc.

9.4.1. Company Overview

9.4.2. Key Executives

9.4.3. Operating Business Segments

9.4.4. Product Portfolio

9.4.5. Financial Performance (As per availability)

9.4.6. Key News

9.5 Israel Chemicals Limited (ICL)

9.5.1. Company Overview

9.5.2. Key Executives

9.5.3. Operating Business Segments

9.5.4. Product Portfolio

9.5.5. Financial Performance (As per availability)

9.5.6. Key News

9.6 Mosaic Company

9.6.1. Company Overview

9.6.2. Key Executives

9.6.3. Operating Business Segments

9.6.4. Product Portfolio

9.6.5. Financial Performance (As per availability)

9.6.6. Key News

9.7 Sociedad Química y Minera S.A. (SQM)

9.7.1. Company Overview

9.7.2. Key Executives

9.7.3. Operating Business Segments

9.7.4. Product Portfolio

9.7.5. Financial Performance (As per availability)

9.7.6. Key News

9.8 Uralkali

9.8.1. Company Overview

9.8.2. Key Executives

9.8.3. Operating Business Segments

9.8.4. Product Portfolio

9.8.5. Financial Performance (As per availability)

9.8.6. Key News

9.9 Sinochem Holding Corporation Limited

9.9.1. Company Overview

9.9.2. Key Executives

9.9.3. Operating Business Segments

9.9.4. Product Portfolio

9.9.5. Financial Performance (As per availability)

9.9.6. Key News

9.10 China National Chemical Corporation (ChemChina)

9.10.1. Company Overview

9.10.2. Key Executives

9.10.3. Operating Business Segments

9.10.4. Product Portfolio

9.10.5. Financial Performance (As per availability)

9.10.6. Key News

9.11 EuroChem Group AG

9.11.1. Company Overview

9.11.2. Key Executives

9.11.3. Operating Business Segments

9.11.4. Product Portfolio

9.11.5. Financial Performance (As per availability)

9.11.6. Key News

9.12 OCP Group

9.12.1. Company Overview

9.12.2. Key Executives

9.12.3. Operating Business Segments

9.12.4. Product Portfolio

9.12.5. Financial Performance (As per availability)

9.12.6. Key News

9.13 Koch Industries, Inc.

9.13.1. Company Overview

9.13.2. Key Executives

9.13.3. Operating Business Segments

9.13.4. Product Portfolio

9.13.5. Financial Performance (As per availability)

9.13.6. Key News

9.14  Orascom Construction Industries S.A.E. (OCI)

9.14.1. Company Overview

9.14.2. Key Executives

9.14.3. Operating Business Segments

9.14.4. Product Portfolio

9.14.5. Financial Performance (As per availability)

9.14.6. Key News

9.15 Borealis AG

9.15.1. Company Overview

9.15.2. Key Executives

9.15.3. Operating Business Segments

9.15.4. Product Portfolio

9.15.5. Financial Performance (As per availability)

9.15.6. Key News

9.16 BASF SE

9.16.1. Company Overview

9.16.2. Key Executives

9.16.3. Operating Business Segments

9.16.4. Product Portfolio

9.16.5. Financial Performance (As per availability)

9.16.6. Key News

9.17 Dow Inc.

9.17.1. Company Overview

9.17.2. Key Executives

9.17.3. Operating Business Segments

9.17.4. Product Portfolio

9.17.5. Financial Performance (As per availability)

9.17.6. Key News

9.18 Huntsman Corporation

9.18.1. Company Overview

9.18.2. Key Executives

9.18.3. Operating Business Segments

9.18.4. Product Portfolio

9.18.5. Financial Performance (As per availability)

9.18.6. Key News

9.19 Eastman Chemical Company

9.19.1. Company Overview

9.19.2. Key Executives

9.19.3. Operating Business Segments

9.19.4. Product Portfolio

9.19.5. Financial Performance (As per availability)

9.19.6. Key News

9.20 DSM N.V.

9.20.1. Company Overview

9.20.2. Key Executives

9.20.3. Operating Business Segments

9.20.4. Product Portfolio

9.20.5. Financial Performance (As per availability)

9.20.6. Key News

Global NPK Fertilizers Market Segmentation

NPK Fertilizers by Crop Type: Market Size & Forecast 2023-2030

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Others

NPK Fertilizers by Application: Market Size & Forecast 2023-2030

• Fertigation
• Foliar
• Others

NPK Fertilizers by Form: Market Size & Forecast 2023-2030

• Dry
• Liquid

NPK Fertilizers by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• Indian Farmers Fertiliser Cooperative Limited (IFFCO)
• Nutrien Limited
• Yara International ASA
• CF Industries Holdings Inc.
• Israel Chemicals Limited (ICL)
• Mosaic Company
• Sociedad Química y Minera S.A. (SQM)
• Uralkali
• Sinochem Holding Corporation Limited
• China National Chemical Corporation (ChemChina)
• EuroChem Group AG
• OCP Group
• Koch Industries, Inc.
• Orascom Construction Industries S.A.E. (OCI)
• Borealis AG
• BASF SE
• Dow Inc.
• Huntsman Corporation
• Eastman Chemical Company
• DSM N.V.