PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218830
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218830
Catalyst Fertilizers Market Forecasts to 2028 - Global Analysis By Production Process, Application 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
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
- 1 Global Catalyst Fertilizers Market Outlook, By Region (2020-2028) ($MN)
- 2 Global Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
- 3 Global Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
- 4 Global Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
- 5 Global Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
- 6 Global Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
- 7 Global Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
- 8 Global Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
- 9 Global Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
- 10 Global Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
- 11 Global Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
- 12 Global Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
- 13 Global Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
- 14 North America Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
- 15 North America Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
- 16 North America Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
- 17 North America Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
- 18 North America Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
- 19 North America Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
- 20 North America Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
- 21 North America Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
- 22 North America Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
- 23 North America Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
- 24 North America Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
- 25 North America Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
- 26 North America Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
- 27 Europe Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
- 28 Europe Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
- 29 Europe Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
- 30 Europe Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
- 31 Europe Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
- 32 Europe Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
- 33 Europe Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
- 34 Europe Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
- 35 Europe Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
- 36 Europe Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
- 37 Europe Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
- 38 Europe Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
- 39 Europe Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
- 40 Asia Pacific Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
- 41 Asia Pacific Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
- 42 Asia Pacific Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
- 43 Asia Pacific Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
- 44 Asia Pacific Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
- 45 Asia Pacific Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
- 46 Asia Pacific Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
- 47 Asia Pacific Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
- 48 Asia Pacific Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
- 49 Asia Pacific Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
- 50 Asia Pacific Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
- 51 Asia Pacific Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
- 52 Asia Pacific Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
- 53 South America Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
- 54 South America Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
- 55 South America Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
- 56 South America Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
- 57 South America Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
- 58 South America Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
- 59 South America Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
- 60 South America Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
- 61 South America Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
- 62 South America Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
- 63 South America Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
- 64 South America Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
- 65 South America Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
- 66 Middle East & Africa Catalyst Fertilizers Market Outlook, By Country (2020-2028) ($MN)
- 67 Middle East & Africa Catalyst Fertilizers Market Outlook, By Product (2020-2028) ($MN)
- 68 Middle East & Africa Catalyst Fertilizers Market Outlook, By Precious Metals (2020-2028) ($MN)
- 69 Middle East & Africa Catalyst Fertilizers Market Outlook, By Base Metals (2020-2028) ($MN)
- 70 Middle East & Africa Catalyst Fertilizers Market Outlook, By Production Process (2020-2028) ($MN)
- 71 Middle East & Africa Catalyst Fertilizers Market Outlook, By Contact Process (2020-2028) ($MN)
- 72 Middle East & Africa Catalyst Fertilizers Market Outlook, By Nitric Acid Production (2020-2028) ($MN)
- 73 Middle East & Africa Catalyst Fertilizers Market Outlook, By Potassium Fertilizer Production (2020-2028) ($MN)
- 74 Middle East & Africa Catalyst Fertilizers Market Outlook, By Urea Production (2020-2028) ($MN)
- 75 Middle East & Africa Catalyst Fertilizers Market Outlook, By Haber-Bosch Process (2020-2028) ($MN)
- 76 Middle East & Africa Catalyst Fertilizers Market Outlook, By Application (2020-2028) ($MN)
- 77 Middle East & Africa Catalyst Fertilizers Market Outlook, By Phosphatic Fertilizers (2020-2028) ($MN)
- 78 Middle East & Africa Catalyst Fertilizers Market Outlook, By Nitrogenous Fertilizers (2020-2028) ($MN)
