Fertilizer Catalyst Market

Fertilizer Catalyst Market registered a revenue of USD 2.7 billion in 2021 and is projected to reach USD 3.2 billion in 2029, growing at a CAGR of 2.2% during the forecast period from 2022-2029

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Major Fertilizer Catalyst Market Drivers

Growth in the agricultural industry coupled with the rising use of fertilizers for increasing the productivity and to offer nutrient to crops is expected to drive the growth of the fertilizer catalyst market size over the forecast period.  In addition, fertilizer catalysts help in increasing nutrient use efficiency, improving plant performance, and optimizing yield potential, which further supports the market growth. Moreover, according to the UN’s Food and Agricultural Organization, the global fertilizer is projected to grow by 1.4% each year between 2014 and 2018. Furthermore, according to the FAO, the world population would reach eight billion by 2030, which is expected to stimulate the demand of food globally. These factors are anticipated to escalate the growth of the fertilizer catalyst market over the forecast period.

Restraint in the Fertilizer Catalyst Market

However, high prices raw material is expected to hamper the growth of the fertilizer catalyst market. Additionally, growing concern regarding the declination of soil fertility and health hazards due to excess use of fertilizers is further expected to limit the growth of the market.

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Product – Segment Analysis

Based on the product, the iron based segment is expected to account for a notable share in the market. This can be attributed to increasing demand for iron based catalysts for manufacturing fertilizers owing to their benefits including high efficiency, stability, easy accessibility, and inexpensiveness as compared to calcium, potassium, and aluminium. Moreover, iron based catalyst helps in controlling greenhouse emissions and energy consumption during the manufacturing process, which thereby promoted the market growth.

Process – Segment Analysis

Based on the process, urea production is expected to witness a high growth over the forecast period. This is primarily due to huge consumption of nitrogen based fertilizers for crops around the globe. Additionally, urea can be easily stored, transported and handled safely and help in enhancing the productivity of the soil and enriches its nutrient constituency. This is expected to support the growth of the market.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is expected to hold a prominent market share during the forecast period owing to growing agriculture industry, the availability of raw materials, and the huge production of ammonia-based fertilizers and phosphate fertilizers in countries including China, Indonesia, and India. According to the Gulf Petrochemicals & Chemicals Association (GPCA), China is the biggest fertilizer producer and consumer in the world and the total fertilizer consumption represents around a third of global fertilizer use. Moreover, as per the Ministry of Commerce & Industry, India, in 2020, the large­scale fertiliser manufacturer in India, crossed one million production and sales mark. These factors expected to stimulate the growth of the market in Asia-Pacific.

Top Market Players

Several leading Fertilizer Catalyst companies operating in the market, include, Clariant International Ltd., Johnson Matthey, UNICAT Catalyst Technologies, LLC, Albemarle Corporation, LKAB Minerals AB, Quality Magnetite, ThyssenKrupp AG, BASF SE, Oham Industries, and Haldor Topsoe among others. 

Key Developments: 

• • In 2018, Haldor Topsoe signed a shareholder agreement for a 11.7% stake in the Ramagundam fertilizer plant in Telangana, India, together with the Danish government-owned fund IFU and The Danish Agribusiness Fund (DAF).

Segments covered in the Report:

The global Fertilizer Catalyst market has been segmented on the basis of product, process, and key regions. Based on product, the market is segmented into Iron based, Vanadium based, Platinum based, Rhodium based, Nickel based, Palladium based, Ruthenium based, Zinc based, Cobalt based, Molybdenum based, Chromium based, and Copper Chromite. Based on the process, the market is segmented into Haber – Bosch process, Contact Process, Nitric Acid Production, Potassium Fertilizer Production, and Urea Production. 

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Report Coverage	Details
Market Revenues (2021)	USD 2.7 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Product, By Process, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Clariant International Ltd., Johnson Matthey, UNICAT Catalyst Technologies, LLC, Albemarle Corporation, LKAB Minerals AB, Quality Magnetite, ThyssenKrupp AG, BASF SE, Oham Industries, and Haldor Topsoe among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fertilizer Catalyst Market by Product

• • Iron Based
  • Vanadium Based
  • Platinum Based
  • Rhodium Based
  • Nickel Based
  • Palladium Based
  • Ruthenium Based
  • Zinc Based
  • Cobalt Based
  • Molybdenum Based
  • Chromium Based
  • Copper Chromite

Global Fertilizer Catalyst Market by Process

• • Haber-Bosch Process
  • Contact Process
  • Nitric Acid Production
  • Potassium Fertilizer Production
  • Urea Production

Global Fertilizer Catalyst Market by Region

• • North America Fertilizer Catalyst Market (Option 1: As a part of the free 25% customization)

    • By Product
    • By Process
    • US Market All-Up
    • Canada Market All-Up

  • Europe Fertilizer Catalyst Market (Option 2: As a part of the free 25% customization)

    • By Product
    • By Process
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Fertilizer Catalyst Market (Option 3: As a part of the free 25% customization)

    • By Product
    • By Process
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Fertilizer Catalyst Market (Option 4: As a part of the free 25% customization)

    • By Product
    • By Process
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Fertilizer Catalyst Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Clariant International Ltd.
  • Johnson Matthey
  • UNICAT Catalyst Technologies, LLC
  • Albemarle Corporation
  • LKAB Minerals AB
  • Quality Magnetite
  • ThyssenKrupp AG
  • BASF SE
  • Oham Industries
  • Haldor Topsoe.