Fertilizer Catalyst Market Share, Growth and Future Analysis

Sara James

Fertilizer Catalyst Market Share, Growth and Future Analysis

The global Fertilizer Catalyst Market size is expected to reach USD 3.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.4% from 2021 to 2027. The market is expected to be driven by the growing application in the production of fertilizers and the need for improving process efficiencies.

The demand for ammonia and hydrogen gas in the agricultural and industrial sectors is rising, thereby positively impacting the market growth. Moreover, favorable regulations and subsidies offered by the government have led to an increase in the adoption of catalysts. Nickel-based catalyst is the most significant product in the market space on account of its high efficiency. They are used in the Ostwald process of ammonia production. North America and the Asia Pacific collectively are anticipated to be the key markets for nickel-based catalysts worldwide. The demand for nickel-based catalysts is anticipated to grow on the account of their affordability and the ability to eliminate methane from the process.

Canada, South Africa, and Russia are likely to emerge as the major manufacturing locations for fertilizer catalysts due to the availability of raw materials. These countries are marked with the presence of large volumes of precious metal deposits. The major advantage associated with these countries is the availability of raw materials. Raw material procurement cost is the major cost incurred by a large number of catalyst manufacturers. The countries are also major exporters of fertilizers globally owing to the access to raw materials and the presence of large manufacturing facilities.

List of Key Players of Fertilizer Catalyst Market

Süd-Chemie India Pvt. Ltd.
Thyssenkrupp AG
BASF SE
LKAB Minerals AB
Albemarle Corporation
Unicat Catalyst Technologies, Inc.
Clariant AG
Johnson Matthey
Haldor Topsoe
Quality Magnetite

Related Press Release@ Fertilizer Catalyst Market Report

Fertilizer Catalyst Market Report Highlights

The nickel-based product segment is expected to expand at the fastest CAGR of 2.2%, in terms of volume, from 2021 to 2027 due to its application as a substitute for iron-based products and the increasing demand for fertilizers
The rhodium-based product segment is expected to witness considerable growth in the years to come owing to the growing demand for rhodium-based catalysts in hydrogenation reactions
The urea production process segment is expected to witness significant growth over the forecast period owing to the growing demand for urea-based fertilizers
In the Asia Pacific region, India is anticipated to exhibit the fastest growth rate of 2.6%, in terms of volume, from 2021 to 2027 owing to the rising demand for nitrogenous fertilizers
In October 2019, Albemarle Corporation and ExxonMobil together created a platform called “Galexia” for the refining industry to provide a transformative hydroprocessing suite of catalysts and service solutions. This platform is aimed at enhancing the company’s business operations in order to cater to the customers’ demand in an effective manner

Fertilizer Catalyst Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 2.9 billion

Revenue forecast in 2027

USD 3.3 billion

Growth Rate

CAGR of 2.4% from 2021 to 2027 (Revenue-based)

Market demand in 2021

483.16 kilotons

Volume forecast in 2027

540.90 kilotons

Growth Rate

CAGR of 1.8% from 2021 to 2027 (Volume-based)

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2027

Fertilizer Catalyst Market Segmentation

Grand View Research has segmented the global fertilizer catalyst market on the basis of product, process, and region:

Fertilizer Catalyst Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

Iron-based
Vanadium based
Platinum-based
Rhodium based
Nickel-based
Palladium based
Ruthenium based
Zinc based
Cobalt-based
Molybdenum based
Chromium-based
Copper Chromite

Fertilizer Catalyst Process Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

Fertilizer Catalyst Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
Italy
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa

Sara James

Catalyst Fertilizer Market, Future Trends, Growth Insights, Key Players, and Industry Dynamics by 2027

mayurgunjal 2022-04-16

Top Drivers and Deterrents The stellar pace at which the agricultural industry across the world has grown in the past decade has boded well with the catalyst fertilizers market. The agricultural industry’s significant growth has boosted the use of fertilizers and ultimately fostered the production of catalyst fertilizers. The technology has garnered a robust consumer base and can be a major booster for the global catalyst fertilizers market in the following years. Phosphatic fertilizer and nitrogenous fertilizer are the applications of catalyst fertilizer. (India), are some of the top competitors in the global market.

Catalyst Fertilizer type industry will generate new Growth Opportunities by 2028| Detailed Research Report

akriti verma 2021-11-29

Strong need for high performance catalyst that can operate in moderate condition and aids in increase efficiency are major factors in development of catalyst fertilizer market. Apart, lower cost of base metals, easily available and presence of numerous suppliers are expected to drive the demand for base metals during the forecast period. The global catalyst fertilizer market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a highest CAGR owing to the increasing demand of catalyst fertilizer in the agriculture industry. Competitive AnalysisLeading players in the global catalyst fertilizer market are Johnson Matthey (UK), N.

Catalyst Fertilizer Market, Future Growth and Business Prospects by Forecast To 2027

marketresearchreport 2022-06-02

Top Drivers and Deterrents The stellar pace at which the agricultural industry across the world has grown in the past decade has boded well with the catalyst fertilizers market. The agricultural industry’s significant growth has boosted the use of fertilizers and ultimately fostered the production of catalyst fertilizers. The technology has garnered a robust consumer base and can be a major booster for the global catalyst fertilizers market in the following years. Phosphatic fertilizer and nitrogenous fertilizer are the applications of catalyst fertilizer. Substantial spending on nutritious vegetables among the people in the region and the constantly burgeoning pool of ammonia-based fertilizer plants also induce growth of the catalysts fertilizer market.

Fertilizer Catalyst Market Trends, Size And Outlook Forecast To 2031

Bharadwaj Reddy 2022-11-01

The Fertilizer Catalyst Global Market Report 2021-31 by The Business Research Company describes and explains the global fertilizer catalyst market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The Fertilizer Catalyst Global Market Report 2022 covers fertilizer catalyst market drivers, fertilizer catalyst market trends, fertilizer catalyst market segments, fertilizer catalyst market growth rate, fertilizer catalyst market major players, and fertilizer catalyst market size. The global fertiliser catalyst market size is expected to grow from $2. The global fertiliser catalyst market size is expected to grow to $2. id=6959&type=smpFertilizer Catalyst Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

Catalyst Market Insight | Outlook | Growth Analysis Report 2028

Aniqa Sheikh 2022-11-14

Moreover, the report also highlights a sudden occurrence of COVID-19 impact on Catalyst market to improve future capacities and other developments. The entire catalyst market has been sub-categorized into raw material, product and application. Request a FREE Sample Copy of Global Catalyst Market Report with Full TOC At: https://www. The major players in the catalyst market include Chevron Corporation. Browse Full Global Catalyst Market Research Report With TOC At: https://www.

Global Catalyst Market Report, Latest Trends, Industry Opportunity & Forecast to 2027

Maani Ahuja 2021-10-08

The Catalyst Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.

This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the catalyst market include Chevron Corporation., BASF SE, W.R. Grace, Albemarle Corporation., Beach Energy Limited, Johnson Matthey, Evonik Industries AG, DuPont, Australian Worldwide Exploration Ltd., Bass Strait Oil Company Ltd. and Cue Energy Resources Ltd.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Catalyst Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/catalyst-market/download-sampleMarket DynamicsGrowing demand for polymers from end user industries such as automotive and electric & electronics is boosting the market growth.

Moreover, heightening demand for diesel engine vehicles is anticipated to propel the shift in refinery catalyst product mix as refiners will increase the consumption of pumping systems.

For instance, EURO VI norms significantly impacted the petroleum industry as they are obligated to reduce the contents of hydrocarbon, nitrogen oxides, carbon monoxide, non-methane compounds and particulate matter.

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