Overview and Scope
The fertilizer catalysts are used in the production of fertilizers to speed up
the chemical reaction. Fertilizer catalysts refer to catalyst substances that
are used in fertilizer manufacturing to increase the rate of reaction and
reduce the production time of fertilizers. A catalyst lowers the activation
energy and allows the bonds of nitrogen and hydrogen to be more easily broken.
Sizing and Forecast
The fertilizer catalyst market size has grown strongly in recent years. It will
grow from $2.87 billion in 2023 to $3.05 billion in 2024 at a compound annual
growth rate (CAGR) of 6.3%. The growth in the historic period can be
attributed to need for enhanced crop yields, fertilizer efficiency,
environmental regulations, sustainable agriculture practices, soil fertility
preservation.
The fertilizer catalyst market size is expected to see strong growth in the
next few years. It will grow to $3.92 billion in 2028 at a compound annual
growth rate (CAGR) of 6.5%. The growth
in the forecast period can be attributed to climate change adaptation,
sustainable and eco-friendly catalysts, regulatory compliance, crop-specific
catalysts, increasing precision agriculture. Major trends in the forecast
period include nano and micronutrient catalysts, enhanced nutrient release,
data-driven nutrient management, customized catalyst blends, technological
integration.
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Segmentation & Regional Insights
The fertilizer catalyst market covered in this report is segmented –
1) By Product: Iron-Based, Vanadium Based, Platinum-Based, Rhodium Based,
Nickel Based, Palladium Based, Ruthenium Based, Zinc Based, Cobalt Based,
Molybdenum Based
2) By Process: Haber-Bosch Process, Contact Process, Nitric Acid Production,
Potassium Fertilizer Production, Urea Production
3) By Application: Nitrogenous Fertilizers, Phosphatic Fertilizers, Other
Applications
Asia-Pacific was the largest region in the fertilizer catalyst market in 2023. Asia-Pacific
is expected to be the fastest-growing region in the forecast period. The
regions covered in the fertilizer catalyst market report include Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East and
Africa.
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Major Driver Impacting Market Growth
The increasing production of fertilizers is expected to propel the growth of
the fertilizer catalyst market going forward. Fertilizers refer to chemical
substances that have been supplied to crops to increase their productivity.
Fertilizer catalysts are used by the fertilizer manufacturing industry, and the
use of a catalyst helps produce a higher volume of fertilizer at a lower cost.
For instance, in September 2023, according to S&P Global Inc., a US-based
capital company, in 2021, the primary fertilizer demand witnessed a remarkable
increase, surging from $115 billion to well over $231 billion. Therefore, the
growth in the production of fertilizers is driving the growth of the fertilizer
catalyst market going forward.
Key Industry Players
Major companies operating in the fertilizer catalyst market include Süd-Chemie India Pvt. Ltd., thyssenkrupp AG,
BASF SE, LKAB Minerals AB, Albemarle Corporation, Unicat Catalyst Technologies
Inc., Clariant AG, Johnson Matthey plc, Haldor Topsoe Inc., Quality Magnetite
LLC, Honeywell International Inc., Chempack, Shandong Aobao Chemical Industry
Group Co. Ltd., QuantumSphere Inc., Tanaka Holdings Co. Ltd., Oham Industries
Pvt Ltd., Dow Inc., Project & Development India Ltd., N.E. Chemcat Corp.,
Heraeus Holding GmbH, CF Industries Holdings Inc., Israel Chemicals Ltd., Oriental
Chemical Industries, Axens Solutions, W. R. Grace & Co., Sinopec, Saudi
Basic Industries Corp (SABIC), Arkema Inc., Evonik Industries AG
The fertilizer catalyst market report table of contents includes:
1. Executive Summary
2.
Fertilizer Catalyst Market Characteristics
3.
Fertilizer Catalyst Market Trends And Strategies
4.
Fertilizer Catalyst Market - Macro Economic Scenario
5. Global
Fertilizer Catalyst Market Size and Growth
.
31. Global Fertilizer Catalyst Market Competitive Benchmarking
32. Global
Fertilizer Catalyst Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Fertilizer Catalyst Market
34.
Fertilizer Catalyst Market Future Outlook and Potential Analysis
35.
Appendix
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