Global catalyst fertilizers market is expected to reach to USD 2,930.8 Million by 2025 at a CAGR of 3.5% during the forecast period from 2018-2025. Increase in greenhouse gas emissions from ammonia plants and innovations in the catalyst industry to control emissions through selective catalytic reduction technology are together driving the market growth
A fertilizer is defined as any material, natural or artificial in nature, which are applied to soils or to plant tissues so as to provide one or more plant nutrients which are important for the growth of plants. In the chemical industry, Catalysts are deployed to bring a desired reaction as close as possible to a selected equilibrium point in the shortest possible time for a reversible type of reaction. They speed up the rates of forward and backward reaction so as to attain faster equilibrium and remain unaltered without taking part in the chemical reaction. A catalyst fertiliser are highly demanded product to increase the productivity of the crop. Therefore many manufacturers are investing their efforts in it. For instance, in September 2018, Haldor Topsoe (Denmark) entered into an agreement for an 11.7% stake in the Indian fertilizer plant in Ramagundam, Telangana. The agreement was done in collaboration with the Danish government-owned Danish Development Finance Institution (IFU) and The Danish Agribusiness Fund (DAF).
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- The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The catalyst fertilizers market is analysed on the basis of value (USD Million) and volume (Kilotons).
- The study delivers a comprehensive analysis of global catalyst fertilizers market by fertilizer production process, application, metal group and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the catalyst fertilizers market. This report incorporates the industry analysis which is focused on providing an extensive view of the catalyst fertilizers market.
- The study also includes attractiveness analysis of fertilizer production process, application, metal group and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the catalyst fertilizers market and a comparative analysis based on their business overviews, Application offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
- Increase in production of fertilizers and expansion of production facilities.
- Rise in greenhouse gas emissions from ammonia plants and innovations in the catalyst industry to control emissions through selective catalytic reduction technology are two factors driving the market growth
- Time taking replacement period for catalyst membranes which could restrain the market growth
- Increased preference over organic fertilizers
- Technological improvements may open up way for new opportunities.
- Uncomplimentary commodity prices and lower farm incomes
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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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