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Catalyst Fertilizers Market Forecasts to 2028 – Global Analysis By Production Process (Contact Process, Nitric Acid Production, Potassium Fertilizer Production, Urea Production and Haber-Bosch Process), Application (Phosphatic Fertilizers and Nitrogenous

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from $4,150 175 Pages Stratistics Market Research Consulting February, 2023 SMR17743144
Best Price Guarantee
Price from $4,150
Length 175 Pages
Publisher Stratistics Market Research Consulting
Published Date February, 2023
SKU SMR17743144

Catalyst Fertilizers Market Forecasts to 2028 – Global Analysis By Production Process (Contact Process, Nitric Acid Production, Potassium Fertilizer Production, Urea Production and Haber-Bosch Process), Application (Phosphatic Fertilizers and Nitrogenous Fertilizers)and By Geography

According to Stratistics MRC, the Global Catalyst Fertilizers Market is accounted for $2.5 billion in 2022 and is expected to reach $3.4 billion by 2028 growing at a CAGR of 5.2% during the forecast period. Catalyst fertilizers are used in the reforming process to enhance the yield of the plants. The major function of catalyst is to increase reaction rate and reduce the emission from production process. Catalysts are used to enhance efficiency of fertilizers and improve the overall growth and performance of crops, vegetables, and plants. Technological advancements in the catalyst industry have helped in decreasing emission of greenhouse gases, which is expected to boost revenue growth of the catalyst fertilizers market.

According to FAOSTAT, nitrogenous fertilizer is essential nutrient that is consumed around 70.7% across the globe. Around 80% of commercially produced ammonia is processed for nitrogenous fertilizer. According to International Fertilizers Association, Nitrogen is by far the largest nutrient, accounting for almost 60% of total consumption.

Market Dynamics:

Driver:

Environmental Concerns

Rising environmental concerns regarding pollution and changing of weather due to use of certain fertilizers would propel adoption of catalyst fertilizers. In addition, government initiatives and regulations to control pollution have led to an escalating demand for catalyst fertilizers and efforts to reduce environmental concerns by developing low-emission fertilizers are fueling growth of the market. Additionally, increasing adoption of these fertilizers by farmers in several countries, owing to capability of the product to improve crop quality and yield is expected to boost revenue growth of the market.

Restraint:

Lack of Affordability

Growth of the market is expected to be negatively impacted due to some unfavourable factors like lack of awareness regarding the functioning of catalyst fertilizers among farmers in underdeveloped economies and high costs of certain fertilizers. Additionally, increasing preference for organic fertilizers and uncertain replacement time of catalyst membranes can limit growth of the market.

Opportunity:

Technological advancements

Technological advancement in agricultural sector has led to higher productivity of crops, limited use of water and fertilizers which in turn have minimized crop prices, lower release of chemicals and pesticides into water bodies, and safer conditions of growing and high quality crops. Recent technological advancement coupled with new product launches is adding fuel to the market. Additionally, growing demand and increasing consumption of food globally due to rapidly growing population is a key factor contributing to the growth of the market.

Threat:

Fluctuations in raw material costs

Huge fluctuations in raw material costs triggered by prevailing geo-political tensions, and expected economic turbulences. The prices of most base metals have fallen, but the drop in prices is substantially lower than that of oil prices. Additionally, stringent environmental regulations, long replacement period for catalyst membranes, increasing demand for the organic fertilizer are the factors hampering the growth of the catalyst fertilizers market.

Covid-19 Impact

Robust changes brought in by the pandemic in the catalyst fertilizers supply chain and the burgeoning drive for a cleaner and sustainable environment is necessitating companies to alter their strategies. Production disruptions resulting from shutdowns of mines and refineries due to the outbreak of COVID-19 are also impacting supply. Pandemic has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets globally.

The urea production segment is expected to be the largest during the forecast period

The urea production segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its benefits. Urea is one of the essential components used in nitrogen fertilizers for acidifying soils at lowest costs. The presence of carbon monoxide causes catalyst poisoning, which can reduce urea output. The technique heavily relies on iron-chromium complexes. Thus, these aspects are fueling the market growth.

The nitrogenous fertilizers segment is expected to have the highest CAGR during the forecast period

The nitrogenous fertilizers segment is estimated to have a lucrative growth, due to it is essential in the formation of protein, and protein makes up much of the tissues of most living things. Nitrogen is considered to be the most important nutrient, and plants absorb more nitrogen than any other element. Nitrogen is essential for plants healthy as they develop and nutritious to eat after they are harvested. Hence, these are the factors influencing the growth of the market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the major economies, the large population and changing lifestyles. The presence of large-scale urea and ammonia manufacturing facilities, along with significant capital investments in countries is anticipated to drive the demand for fertilizer catalysts. The implementation of stringent regulations on the fertilizer sector owing to pollution concerns is a major market trend.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increasing government support for encouraging farmers to practice sustainable farming and high demand for quality crops and food products, supportive government policies for sustainable practices along with ongoing development activities for efficient production process. Factors such as growing ammonia production and rapid expansion of ammonia-based fertilizer manufacturing companies are expected to augment demand for market in this region.

Key players in the market

Some of the key players profiled in the Catalyst Fertilizers Market include Johnson Matthey, Clariant International, Unicat Catalyst Technologies, Quality Magnetite, Dowdupont, Honeywell International Inc, Albemarle Corporation, Oham Industries, Direct Commodities Pty Ltd, Projects & Development India Limited (PDIL), Casale SA, LKAB Minerals AB, China Petroleum and Chemical Corporation, TANAKA HOLDINGS Co., Ltd, Chempack, Thyssenkrupp AG, Quantumsphere Inc., WEICKMANN & WEICKMANN, N.E.Chemcat and Axens.

Key Developments:

In March 2022, Casale SA, a Switzerland-based chemicals company, partnered with Ferkensco Management Limited and Enter Engineering Pte Ltd. The agreement represents the foundation for future cooperation between the three companies to support the construction of an ammonia-based fertilizer plant in Uzbekistan.

In December 2020, Johnson Matthey, a UK-based chemicals company, partnered with ThyssenKrupp AG, a Germany-based technology provider for world-scale ammonia plants. Through this partnership, both companies signed an agreement to renew their collaboration around the ammonia production process and catalyst supply.

Products Covered:
• Precious Metals
• Base Metals

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

Applications Covered:
• Phosphatic Fertilizers
• Nitrogenous Fertilizers

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Catalyst Fertilizers Market, By Product
5.1 Introduction
5.2 Precious Metals
5.2.1 Palladium Based
5.2.2 Ruthenium Based
5.2.3 Platinum Based
5.2.4 Rhodium Based
5.3 Base Metals
5.3.1 Zinc Based
5.3.2 Iron-Based
5.3.3 Cobalt Based
5.3.4 Vanadium Based
5.3.5 Molybdenum Based
5.3.6 Nickel Based
5.3.7 Chromium Based
6 Global Catalyst Fertilizers Market, By Production Process
6.1 Introduction
6.2 Contact Process
6.3 Nitric Acid Production
6.4 Potassium Fertilizer Production
6.5 Urea Production
6.6 Haber-Bosch Process
7 Global Catalyst Fertilizers Market, By Application
7.1 Introduction
7.2 Phosphatic Fertilizers
7.3 Nitrogenous Fertilizers
8 Global Catalyst Fertilizers Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Johnson Matthey
10.2 Clariant International
10.3 Unicat Catalyst Technologies
10.4 Quality Magnetite
10.5 Dowdupont
10.6 Honeywell International Inc
10.7 Albemarle Corporation
10.8 Oham Industries
10.9 Direct Commodities Pty Ltd
10.10 Projects & Development India Limited (PDIL)
10.11 Casale SA
10.12 LKAB Minerals AB
10.13 China Petroleum and Chemical Corporation
10.14 TANAKA HOLDINGS Co., Ltd
10.15 Chempack
10.16 Thyssenkrupp AG
10.17 Quantumsphere Inc.
10.18 WEICKMANN & WEICKMANN
10.19 N.E.Chemcat
10.20 Axens
List of Tables
Table 1 Global Catalyst Fertilizers Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
Table 3 Global Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
Table 4 Global Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
Table 5 Global Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
Table 6 Global Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
Table 7 Global Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
Table 8 Global Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
Table 9 Global Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
Table 10 Global Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
Table 11 Global Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
Table 12 Global Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
Table 13 Global Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
Table 14 North America Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
Table 15 North America Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
Table 16 North America Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
Table 17 North America Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
Table 18 North America Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
Table 19 North America Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
Table 20 North America Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
Table 21 North America Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
Table 22 North America Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
Table 23 North America Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
Table 24 North America Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
Table 25 North America Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
Table 26 North America Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
Table 27 Europe Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
Table 28 Europe Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
Table 29 Europe Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
Table 30 Europe Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
Table 31 Europe Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
Table 32 Europe Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
Table 33 Europe Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
Table 34 Europe Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
Table 35 Europe Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
Table 36 Europe Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
Table 37 Europe Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
Table 38 Europe Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
Table 39 Europe Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
Table 40 Asia Pacific Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
Table 41 Asia Pacific Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
Table 42 Asia Pacific Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
Table 43 Asia Pacific Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
Table 44 Asia Pacific Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
Table 45 Asia Pacific Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
Table 46 Asia Pacific Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
Table 47 Asia Pacific Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
Table 48 Asia Pacific Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
Table 49 Asia Pacific Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
Table 50 Asia Pacific Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
Table 51 Asia Pacific Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
Table 52 Asia Pacific Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
Table 53 South America Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
Table 54 South America Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
Table 55 South America Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
Table 56 South America Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
Table 57 South America Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
Table 58 South America Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
Table 59 South America Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
Table 60 South America Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
Table 61 South America Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
Table 62 South America Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
Table 63 South America Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
Table 64 South America Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
Table 65 South America Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
Table 66 Middle East & Africa Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
Table 67 Middle East & Africa Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
Table 68 Middle East & Africa Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
Table 69 Middle East & Africa Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
Table 70 Middle East & Africa Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
Table 71 Middle East & Africa Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
Table 72 Middle East & Africa Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
Table 73 Middle East & Africa Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
Table 74 Middle East & Africa Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
Table 75 Middle East & Africa Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
Table 76 Middle East & Africa Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
Table 77 Middle East & Africa Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
Table 78 Middle East & Africa Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)

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