The global catalyst fertilizers market has the potential to grow by USD 276.67 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and fertilizer application (nitrogenous and phosphatic). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Agricen, Cabot Corp., Clariant International Ltd., Haldor Topsoe AS, Johnson Matthey Plc, LKAB Minerals AB, N.E. CHEMCAT Corp., Quality Magnetite, The Dow Chemical Co., and Xieta International SL.
Market Overview
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Market Competitive Analysis
The market is currently fragmented, and the degree of fragmentation will decrease during the forecast period. Prominent market vendors are focusing on the development of improved catalysts for ammonia synthesis. Agricen, Cabot Corp., and Clariant International Ltd. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the growing demand for organic fertilizers will challenge the growth of the market participants. To increase their catalyst fertilizers market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this catalyst fertilizers market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this catalyst fertilizers market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading catalyst fertilizer manufacturers, including:
- Agricen
- Cabot Corp.
- Clariant International Ltd.
- Haldor Topsoe AS
- Johnson Matthey Plc
- LKAB Minerals AB
- N.E. CHEMCAT Corp.
- Quality Magnetite
- The Dow Chemical Co.
- Xieta International SL
Catalyst Fertilizers Market: Segmentation by Region
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APAC was the largest market for catalyst fertilizers in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. The presence of a large population, increasing demand for food products, a growing need for sustainable agriculture practices, and developments in the fertilizer industry are contributing to the catalyst fertilizers market growth in this region.
Over 59% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for catalyst fertilizers in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.
Catalyst Fertilizers Market: Segmentation by Fertilizer Application
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Nitrogenous fertilizers such as urea and ammonium nitrate are inexpensive, non-acidifying, easy to store and promote the growth of crops and plants. The increasing demand for urea and ammonia in APAC is expected to fuel the growth of the catalyst fertilizers market in this segment.
However, market growth in this segment will be slower than the growth of the market in the phosphatic segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the catalyst fertilizers market size.
Catalyst Fertilizers Market: Key Drivers and Trends
The rising demand for low GHG emitting fertilizers will be a significant factor in driving the growth of the catalyst fertilizers market. Rising environmental concerns and government initiatives by several countries has resulted in the increasing demand for catalysts for fertilizers. Metals such as rhodium, iron, cobalt, and palladium are used as catalysts in fertilizers to enhance their performance and minimize carbon footprint. The demand for catalyst fertilizers has increased significantly in Europe due to the implementation of best available techniques (BAT) in the agriculture industry for regulating nitrous oxide emissions. The use of catalysts in fertilizer production has also increased in India and China. Hence, the rising environmental concerns and the development of low-emission fertilizers are expected to fuel the growth of the catalyst fertilizers market during the forecast period.
- The global fertilizer industry is witnessing significant investments in the construction of new fertilizer production units.
- The production capacity of potash fertilizers, phosphoric acid, and ammonia is expected to increase substantially during the next five years, especially in Eastern Europe and Central Asia.
- The phosphoric acid production capacities will increase in Africa, Russia, Kazakhstan, Saudi Arabia, and Brazil.
- Countries in South Asia, such as India, will also witness significant capacity expansion of ammonia fertilizers.
- The expansion of fertilizer production capacities, which is one of the critical catalyst fertilizers market trends, will positively influence the growth of the market during the next five years.
- During 2020-2024, the catalyst fertilizers market will grow at a CAGR of almost 3%.
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Catalyst Fertilizers Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the growth of the catalyst fertilizers market during the next five years
- Precise estimation of the global catalyst fertilizers market worth and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the catalyst fertilizers industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of catalyst fertilizers vendors
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