Fertilizer Catalyst Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

The global Fertilizer Catalyst market size is expected to be worth around US$ 4.3 billion by 2030, according to a new report by Vision Research Reports.

The global Fertilizer Catalyst market size was valued at US$ 2.8 billion in 2020 and is anticipated to grow at a CAGR of 2.18% during forecast period 2021 to 2030.

Growth Factors

The market is expected to be driven by the growing application in the production of fertilizers and the need for improving process efficiencies.

The demand for ammonia and hydrogen gas in the agricultural and industrial sectors is rising, thereby positively impacting the market growth. Moreover, favorable regulations and subsidies offered by the government have led to an increase in the adoption of catalysts. Nickel-based catalyst is the most significant product in the market space on account of its high efficiency. They are used in the Ostwald process of ammonia production. North America and the Asia Pacific collectively are anticipated to be the key markets for nickel-based catalysts worldwide. The demand for nickel-based catalysts is anticipated to grow on the account of their affordability and the ability to eliminate methane from the process.

Canada, South Africa, and Russia are likely to emerge as the major manufacturing locations for fertilizer catalysts due to the availability of raw materials. These countries are marked with the presence of large volumes of precious metal deposits. The major advantage associated with these countries is the availability of raw materials. Raw material procurement cost is the major cost incurred by a large number of catalyst manufacturers. The countries are also major exporters of fertilizers globally owing to the access to raw materials and the presence of large manufacturing facilities.

Report Highlights

Haber-Bosch accounted for the largest revenue share of 56.8% in 2020. The Haber-Bosch process involves the production of ammonia from hydrogen and nitrogen. Ammonia is one of the important raw materials used in the manufacturing of fertilizers. It is an important starting material for chemicals, such as urea, ammonium sulfate, and calcium ammonium nitrate. The ammonia production in 2018 was 1,46,004 thousand tons and is expected to grow at a steady rate of 1.2% from 2019 to 2025.

The majority of the manufactured in the world is produced by the oxidation of ammonia. The major fertilizers manufactured from nitric acid are ammonium nitrate and calcium ammonium nitrate. The production growth rate of ammonium nitrate and calcium ammonium nitrate has been between 1-2% for the last three years. The adoption of the nitric acid process is expected to remain slow on account of emission concerns and the implementation of stricter regulations.

Urea production is expected to witness significant growth over the forecast period. Urea is among the highest consumed nitrogen fertilizers globally. The catalyst used in the process is primarily deployed to remove carbon monoxide from the process. The presence of carbon monoxide results in catalyst poisoning and can impact the yield of urea. Iron-chromium complexes are majorly used in the process. The demand for urea is growing at a rapid pace, thus resulting in positive forecasts for catalyst consumption.

Iron-based catalysts held the largest revenue share of 32.6% in 2020. The demand for these catalysts is high in the market because they are inexpensive and easily accessible as compared to other metals, such as calcium, potassium, and aluminum, for manufacturing fertilizers. The adoption is high as they also help in controlling greenhouse emissions and decrease energy consumption during the manufacturing process. However, the major problem associated with their usage is high storage costs.

Vanadium-based catalysts are used to produce sulfuric acid with the help of the contact process. Sulfuric acid is used in the manufacturing process of fertilizers, such as ammonium sulfate and superphosphate of lime. The high conversion rates and the ability to reduce sulfur dioxide (SO2) gas emissions in the environment are driving the adoption of these catalysts.

Platinum, along with rhodium, ruthenium, palladium, iridium, and osmium, forms a group of elements called platinum group metals (PGMs). Platinum-rhodium gauze-based catalyst is used in the Ostwald process for manufacturing nitric acid (HNO3), which is used to produce nitrogen-based fertilizers. It is a standard practice in the industry to use platinum-rhodium gauze-based catalysts as it provides better durability and boosts the efficiency of the reaction.

Asia Pacific held the largest revenue share of 56.6% in 2020 and is expected to expand at the fastest CAGR from 2021 to 2027. India and China are the major economies contributing to the growth of the market in the Asia Pacific owing to the large population and changing lifestyles. The presence of large-scale urea and ammonia manufacturing facilities in China, along with significant capital investments in countries such as India, Vietnam, Indonesia, and Thailand, 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.

The agriculture sector is the backbone of the Indian economy as it provides employment to around 50% of the workforce and contributes about 18% to the country’s GDP. India is the third-largest producer of nitrogenous fertilizers, behind the U.S. and China. The demand for fertilizer catalysts in India is majorly driven by chemicals such as urea and diammonium phosphate.

Key Players

  • Clariant AG

  •  Johnson Matthey

  •  Unicat Catalyst Technologies

  •  Albemarle Corporation

  •  LKAB Minerals AB

  • Quality Magnetite

Market Segmentation

  • Product Outlook 

    • Iron-Based

    • Vanadium Based

    • Platinum-Based

    • Rhodium Based

    • Nickel Based

    • Palladium Based

    • Ruthenium Based

    • Zinc Based

    • Cobalt Based

    • Molybdenum Based

    • Chromium Based

    • Copper Chromite

  • Process Outlook 

    • Haber-Bosch Process

    • Contact Process

    • Nitric Acid Production

    • Potassium Fertilizer Production

    • Urea Production

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Spain

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

The Fertilizer Catalyst market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Fertilizer Catalyst market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Fertilizer Catalyst market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fertilizer Catalyst market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fertilizer Catalyst market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Fertilizer Catalyst capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Fertilizer Catalyst by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fertilizer Catalyst market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fertilizer Catalyst market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fertilizer Catalyst market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Fertilizer Catalyst industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Fertilizer Catalyst market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fertilizer Catalyst market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fertilizer Catalyst market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fertilizer Catalyst market. These factors have benefited the growth of the global market for Fertilizer Catalyst. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fertilizer Catalyst. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Fertilizer Catalyst are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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