Fior Markets launched a study titled “Global Catalyst Fertilizers Market by Fertilizer Production Process (Haber-Bosch, Contact, Other), Metal Group (Base Metals, Precious Metals), Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global catalyst fertilizers market is expected to grow from USD 2,230.5 Million in 2017 to USD 2,930.8 Million by 2025 at a CAGR of 3.5% during the forecast period from 2018-2025.The key contributing factor for the market growth is rise in greenhouse gas emissions from ammonia plants and innovations in the catalyst industry to control emissions through selective catalytic reduction technology.
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The haber-bosch segment is dominating the market with the highest share of 48.40% in 2017.
The fertilizer production process segment is classified haber-bosch, contact and others. The haber-bosch segment is dominating the market in 2017. Ammonia is one of the largest inorganic chemical produced manufactured through the Haber-Bosch process. This process is based on catalytic reactions, and hence, the conversion rate has been high for this process. With the evolution of the Haber-Bosch process, ammonia synthesis has increased by a manifold with the help of catalysts.
The base segment valued around USD 1,342.76 Billion in 2017.
Metal group segment is divided into segments such as base metals and precious metals. The base metals segment is dominating the market with the highest share in 2017. Iron, copper, and nickel are the major base metals that exhibit efficient catalytic activity and are the majorly consumed catalysts across all industries. These metals are abundantly available in the market and are easily extracted by a majority of companies. These are less expensive as compared to precious metals, and the number of players offering these metals for catalytic action is also very high.
The nitrogenous segment is dominating the market with the highest share 63.40% in 2017.
Application segment includes nitrogenous and phosphatic. The nitrogenous segment is dominating the catalyst fertilizers market in 2017. According to FAOSTAT, the nitrogenous nutrients were the largest total nutrients consumed as fertilizers across the globe.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia- Pacific is dominating the market with the highest share of 41.20% in 2017.It is due to the rising population in countries such as China and India, which has stimulated the demand for food products in the region. To meet this challenge, it is necessary to increase crop production, which relies on the fertilizer industry. It is also driven by the growing need to increase crop yield and rising production of fertilizers.
The major players of market include Clariant International, DowDuPont, Project & Development India Ltd., Johnson Matthey, Haldor-Topsoe, LKAB Minerals, N.E.ChemcaT, QuantumSphere Inc., Quality Magnetite and Oham Industries
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