Global fertilizer catalyst market was valued at USD2.8 billion in 2020. It is expected to grow at a compound annual rate (CAGR of 2.4%) between 2021 and 2027. Catalysts can be described as organometallic compounds used in fertilizer and other refinery applications. Product innovation that reduces greenhouse gases and improves process efficiency is the main driver of this market. Market growth will be boosted by the implementation of new pollution standards. Clariant and Haldor Topsoe have created products that reduce greenhouse emissions. Globally, major governments are implementing regulations regarding the production of ammonia and ammonium, as well as calcium ammonium and ammonium, complex fertilizers and nitric acids plants. These norms will force manufacturers to purchase catalysts to counter these problems and make the process more sustainable.
In 2020, the North American market was dominated by the United States. The United States is the world's largest exporter and producer of ammonia and phosphorus. The United States is the fourth largest producer of nitrogen fertilizers worldwide and the second-largest phosphate producer. Local governments have taken sustainability initiatives that are driving the U.S. market. The U.S. has invested USD 3.8 billion over the past three years in capital expansions to achieve sustainability initiatives for the fertilizer sector.
The steady growth in fertilizer production around the world is due to rising yields and a growing need for food. Synthetic fertilizer production accounts for around 60% of global food supply. But, local manufacturers are taking more sustainable initiatives that have led to the need for better manufacturing practices worldwide. Catalysts can help improve process efficiency and reduce the formation of byproducts. They also increase the selectivity of the processes.
Base metals like iron, nickel and zinc are used to produce fertilizer catalysts. Precious metals include platinum, palladium and rhodium are also used. Although the prices of most base metals have declined, their drop is still significantly less than the decline in oil prices. Prices of zinc and copper have experienced the largest drops, with their respective declines of around 15% each since January 2019.
The market situation for base metals has been affected by the slowdown in global activity, especially in China. China accounts for over half of global metals consumption. Supply disruptions caused by the shutdown of mines or refineries as a result of COVID-19 have also affected supply. According to current estimates, 15% and 20% respectively of the copper mines as well as 20% of zinc mines are either closed or at reduced capacity. However, iron ore mining operations in Australia and Brazil that are major have suffered less from their remote and highly automated operations.
In 2020, 56.8% of the revenue came from Haber-Bosch. Haber-Bosch is a process that produces ammonia from nitrogen and hydrogen. One of the most important raw materials in the production of fertilizers is ammonia. It is a key ingredient in the production of chemicals such as ammonium sulfurate, urea and calcium ammonium-nitrate. In 2018, ammonia production was 1,46,004 million tons. It is expected that it will continue to rise at 1.2% between 2019 and 2025.
Most HTML3_ nitric acids HTML3_ produced in the world are made from the oxidation ammonia. Ammonium nitrate is the main fertilizer made from nitric acids. Calcium ammonium-nitrate is also a major fertilizer. For the past three years, the production growth rate for calcium ammonium-nitrate nitrate (ammonium nitrate) has been around 1-2%. Due to emission concerns and stricter regulations, the adoption of the Nitric Acid process will likely remain slow.
Over the forecast period, Urea production will experience significant growth. Urea is one of the most widely used nitrogen fertilizers worldwide. The catalyst is used to remove carbon monoxide. Catalyst poisoning can occur when carbon monoxide is present and can affect the yield of urea. The process is mainly based on iron-chromium compounds. Positive forecasts are being made for catalyst consumption as the demand for urea continues to grow at an alarming pace.
The largest revenue share, 32.6%, was held by iron-based catalysts in 2020. These catalysts are in high demand because they are cheap and easy to find. They are widely used because they reduce greenhouse gas emissions and energy consumption. The main problem with their use is the high storage cost.
With the aid of the contact process, vanadium-based catalysts can be used to produce sulfuric acids. Sulfuric acid is used to make fertilizers such as superphosphate of limestone and ammonium sulfurate. These catalysts are popular because of their high conversion rates and ability to reduce sulfur dioxide (SO2) emissions from the environment.
Along with rhodium and palladium, platinum forms a group called the platinum group metals (PGMs). The Ostwald process uses a platinum-rhodium gauze catalyst to make nitric acid. This is then used to produce nitrogen-based fertilisers. Because it is more durable and increases the efficiency of the reaction, platinum-rhodium-based catalysts are a common practice in the industry.
Asia Pacific accounted for 56.6% of the total revenue in 2020. It is expected to grow at the fastest CAGR between 2021 and 2027. Due to their large populations and changing lifestyles, India and China are two of the largest economies that contribute to the Asia Pacific market's growth. It is expected that the demand for fertilizer catalysts will be driven by large-scale ammonia and urea production facilities in China. This is in addition to significant capital investments in India, Vietnam, Indonesia and Thailand. A major market trend is the implementation of strict regulations in the fertilizer sector due to concerns about pollution.
India's agriculture sector is the heart of its economy. It provides employment for approximately 50% of the population and contributes 18% of its GDP. India is third in the production of nitrogenous fertilizers after the U.S., China and India. Chemicals such as diammonium and urea are the main drivers of India's demand for fertilizer catalysts.
The Central and South America region is a major exporter of agricultural commodities and food. This region is marked by significant unexplored agricultural land. Innovative farming methods are the driving force behind Argentina's agricultural sector. Brazil is the region's largest market, with an agricultural GDP of 23.5% and a dominant position in the overall economy. Argentina contributes significantly through its innovative farming methods, which have resulted in agricultural commodities earning more than half the foreign currency and accounting for 10%.
The market's competitive landscape is influenced by partnerships and collaborations as well as new product development initiatives. As manufacturers seek to enter emerging markets, service agreements with local distributors and companies are increasing. Any catalyst manufacturer should be developing new products as this will allow them to break the cycle of supply and demand. To address the growing sustainability and material loss issues, manufacturers are investing heavily in research and development. The following are some of the major players in global fertilizer catalyst markets:
Clariant AG
Johnson Matthey
Unicat Catalyst Technologies
Albemarle Corporation
LKAB Minerals AB
Magnetite of High Quality
Up Market Research published a new report titled “Fertilizer Catalyst Market research report which is segmented by Process (Haber-Bosch Process, Urea Production), by Product (Nickel Based, Iron Based), By Players/Companies  Unicat Catalyst Technologies, Clariant AG, Quality Magnetite,  Albemarle Corporation,  LKAB Minerals AB,  Johnson Matthey”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Fertilizer Catalyst Market Research Report |
By Process | Haber-Bosch Process, Urea Production |
By Product | Nickel Based, Iron Based |
By Companies | Â Unicat Catalyst Technologies, Clariant AG, Quality Magnetite, Â Albemarle Corporation, Â LKAB Minerals AB, Â Johnson Matthey |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 206 |
Number of Tables & Figures | 145 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Process (Haber-Bosch Process, Urea Production), by Product (Nickel Based, Iron Based).
Fertilizer Catalyst Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Fertilizer Catalyst Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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