PUBLISHER: The Business Research Company | PRODUCT CODE: 1648823
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648823
Fertilizer catalysts are employed in fertilizer production to accelerate chemical reactions. These catalysts are substances used in the manufacturing of fertilizers to enhance reaction rates and reduce production time. By lowering the activation energy, catalysts facilitate the more efficient breaking of bonds between nitrogen and hydrogen.
The primary products of fertilizer catalysts include 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. Molybdenum-based catalysts involve a metallic element that shares properties with chromium and tungsten. It is utilized to strengthen and harden steel and serves as a trace element in plant and animal metabolism. The processes employed in fertilizer production include the Haber-Bosch process, the contact process, nitric acid production, potassium fertilizer production, and urea production. Various applications for fertilizer catalysts encompass nitrogenous fertilizers, phosphatic fertilizers, and other specialized applications.
The fertilizer catalyst market research report is one of a series of new reports from The Business Research Company that provides fertilizer catalyst market statistics, including fertilizer catalyst industry global market size, regional shares, competitors with a fertilizer catalyst market share, detailed fertilizer catalyst market segments, market trends and opportunities, and any further data you may need to thrive in the fertilizer catalyst industry. This fertilizer catalyst market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fertilizer catalyst market size has grown strongly in recent years. It will grow from $3.03 billion in 2024 to $3.21 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. 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 $4.26 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. 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.
The rising production of fertilizers is anticipated to drive the growth of the fertilizer catalyst market in the future. Fertilizers are chemical substances applied to crops to boost their productivity. Fertilizer catalysts are utilized in the fertilizer manufacturing industry, and their use helps produce larger quantities of fertilizer at a reduced cost. For instance, in June 2024, the International Fertilizer Development Center, a US-based non-profit organization, reported that urea production in Nigeria grew from 3,458,740 MT in 2022 to 3,655,860 MT in 2023, reflecting a 6% increase compared to the previous year. Thus, the rising fertilizer production is expected to fuel the growth of the fertilizer catalyst market moving forward.
The increasing demand for agricultural production is anticipated to drive the growth of the fertilizer catalyst market in the future. Agricultural production involves the cultivation and harvesting of crops, as well as raising livestock, to produce food, fiber, and other agricultural products. Fertilizer catalysts are used in agricultural production to improve the efficiency of fertilizer application, enhance nutrient uptake, and boost crop yields. For example, in June 2024, the Australian Bureau of Statistics, a national statistical agency, reported that during the 2022-23 period, 41.2 million metric tons of wheat were sold, generating $13.5 billion in local revenue. As a result, the rising demand for agricultural production is expected to fuel the growth of the fertilizer catalyst market moving forward.
Product innovation is an emerging trend gaining traction in the fertilizer catalyst market. Leading companies in the sector are prioritizing innovation to solidify their market position. For instance, in March 2024, Clariant, a Switzerland-based chemical company, introduced CLARITY Prime, a premium fertilizer catalyst aimed at enhancing the production of nitrogen fertilizers, particularly urea and ammonium nitrate. This cutting-edge product is designed to optimize fertilizer manufacturing processes by boosting yield and reducing emissions, contributing to more sustainable agricultural practices. CLARITY Prime improves nutrient availability in soils, promoting crop growth and increasing agricultural productivity, while aligning with the industry's modern sustainability objectives.
Major players in the fertilizer catalyst industry are increasingly adopting a strategic partnerships approach to provide essential fertilizer services to individuals, businesses, and governments. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. A noteworthy example is the partnership formed in March 2022 between Casale SA, a Switzerland-based chemicals company, Ferkensco Management Limited, an agricultural chemical company based in Uzbekistan, and Enter Engineering Pte Ltd., a construction company also based in Uzbekistan. This collaboration lays the foundation for future joint efforts among the three companies in supporting the development of an ammonia-based fertilizer plant in Uzbekistan.
In April 2023, SMJ Sdn Bhd, a Malaysia-based manufacturing company, acquired PETRONAS for an undisclosed amount. The objective of SMJ Sdn Bhd's acquisition is to foster collaboration in promoting economic development within the Sipitang Oil and Gas Industrial Park while benefiting local communities. PETRONAS, a Malaysia-based oil and gas company, specializes in various sectors of the energy industry.
Major companies operating in the fertilizer catalyst market include Sud-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., 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
Asia-Pacific was the largest region in the fertilizer catalyst market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this fertilizer catalyst market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the fertilizer catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The fertilizer catalysts market consists of sales of palladium-based and vanadium-based catalyst fertilizer. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fertilizer Catalyst Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fertilizer catalyst market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fertilizer catalyst ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fertilizer catalyst market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.