Global Fertilizer Catalyst Market Size, Share, Trends, Industry Growth by Product (Iron-Based, Platinum-Based, & Others), by Process (Haber-Bosch Process, Contact Process, & Others), by Fertilizer Application, by Region, and Forecast to 2028
Report ID: RC148219 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 27th, 2023The global fertilizer catalyst market size was accounted to generate significant revenue of around USD 3 billion in 2021 and estimated to grow at a CAGR of over 2% during the forecast period from 2022 to 2028. The increasing demand for the product in various processes and the growing demand from the agriculture sector are some major factors to drive the market growth. Furthermore, the increasing focus to reduce greenhouse emissions and the rise in new pollution regulations are further anticipated to fuel the market over the forecast period. Moreover, the demand for fertilizer catalysts is projected to increase in the years to come, with the increasing demand for food and a focus on increasing yield production across the globe due to a growing population.
Market Drivers:
Increasing global population: The world’s population is continuously growing, leading to increased demand for food production. Fertilizers play a crucial role in enhancing crop yield and quality. As the population increases, the demand for fertilizers also rises, driving the fertilizer catalyst market.
Declining arable land: The availability of arable land is shrinking due to urbanization, industrialization, and soil degradation. Fertilizers, along with catalysts, help improve soil fertility and nutrient absorption by plants, enabling efficient use of limited arable land.
Need for sustainable agriculture: There is a growing emphasis on sustainable agricultural practices to minimize environmental impact and reduce chemical usage. Fertilizer catalysts aid in enhancing nutrient uptake by plants, reducing fertilizer runoff, and improving nutrient use efficiency, making them an essential component of sustainable agriculture.
Government initiatives and regulations: Many governments worldwide are implementing policies and regulations to promote sustainable agriculture, increase food production, and minimize environmental pollution. These initiatives often include subsidies, incentives, and regulations related to fertilizer usage, which indirectly drive the demand for fertilizer catalysts.
Technological advancements: Ongoing research and development efforts have resulted in the introduction of innovative catalyst technologies for fertilizers. Advancements such as nanotechnology, bio-catalysts, and smart release systems have significantly improved the efficiency and effectiveness of fertilizers, contributing to the growth of the fertilizer catalyst market.
Increasing demand for organic and specialty fertilizers: With the rising awareness of the negative impacts of chemical fertilizers, there is a growing demand for organic and specialty fertilizers. Fertilizer catalysts can enhance the effectiveness of these alternative fertilizers by improving nutrient availability and reducing nutrient losses.
Growing adoption of precision farming techniques: Precision farming techniques, such as controlled-release fertilizers and fertigation, are gaining popularity. Fertilizer catalysts can be integrated into these techniques to optimize nutrient delivery, reduce wastage, and improve crop productivity, driving the demand for catalysts in precision farming.
Expansion of the agriculture industry in emerging economies: Emerging economies, particularly in Asia-Pacific and Latin America, are witnessing significant growth in the agriculture sector. The increasing adoption of modern farming practices and the need to improve crop yields in these regions create substantial opportunities for the fertilizer catalyst market.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | ~ USD 3 Billion in 2021 | ||
| Market Growth (CAGR) | > 2% (2023-2030) | ||
| Largest Market Share | Asia Pacific | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Clariant, N.E.Chemcat, Dow, QuantumSphere Inc., and Johnson Matthey |
Market Insights:
The global fertilizer catalyst market is bifurcated into product, process, fertilizer application, and geography. On the basis of product, the market is further segmented into iron-based, vanadium-based, platinum-based, rhodium-based, nickel-based, and others. The iron-based catalyst segment dominated the global market in 2021 and is expected to hold the largest market share of over one-third share by the end of the analysis period. The low cost and easy availability of this catalyst for manufacturing fertilizers are some of the prominent factors to drive the segment growth. Furthermore, the capability to control greenhouse emissions and decrease energy consumption in the manufacturing process is further anticipated to fuel the segment growth over the forecast period.
On the basis of process, the market is further segmented into haber-bosch process, contact process, nitric acid production, and others. the haber-bosch process segment dominated the global fertilizer catalyst market in 2021 and is expected to hold the largest revenue share of around 60% of the market by the end of the analysis period. The process involves the production of ammonia which is a large-scale used material to manufacture fertilizers. The growing ammonia production and the increasing demand for urea, ammonium sulfate, and calcium ammonium nitrate is expected to fuel the segment growth over the forecast period.
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The fertilizer catalyst comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinions obtained from interviews with industry executives and experts from prominent companies.
The fertilizer catalyst market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Market Segmentation:
By Product:
- Iron-Based
- Vanadium Based
- Platinum-Based
- Rhodium Based
- Nickel Based
- Palladium Based
- Ruthenium Based
- Zinc Based
- Cobalt Based
- Molybdenum Based
- Chromium Based
- Copper Chromite
By Process:
- Haber-Bosch Process
- Contact Process
- Nitric Acid Production
- Potassium Fertilizer Production
- Urea Production
By Fertilizer Application:
- Nitrogenous Fertilizers
- Phosphatic Fertilizers
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
Geographically, the Asia Pacific dominated the global fertilizer catalyst market in 2021 and expected to maintain its dominance over the forecast period. The large population of the region is one of the prominent factor driving the market growth in the region. Furthermore, the growing production of ammonia and urea in various developing economies such as China and India is further anticipated to fuel the market growth in the Asia Pacific. Moreover, the growing demand for fertilizer, stringent regulation for pollution control, and the sustainable growth in the agriculture sector coupled with the growing population are anticipated to boost the market growth in the Asia Pacific over the forecast period.
Competitive Assessment:
Some of the major market players operating in the global fertilizer catalyst market are Clariant, N.E.Chemcat, Dow, QuantumSphere Inc., and Johnson Matthey. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Clariant
- E.Chemcat
- Dow
- QuantumSphere Inc.
- Johnson Matthey
- Albemarle Corporation
- Haldor-Topsoe
- LKAB Minerals AB
- Quality Magnetite
- Unicat Catalyst Technologies
Key Questions Answered by Fertilizer Catalyst Market Report
- Global fertilizer catalyst market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Fertilizer catalyst submarket forecasts from 2022-2028 covering the market by product, by process, by fertilizer application, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level fertilizer catalyst markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Fertilizer Catalyst Market Portraiture
2.2. Global Fertilizer Catalyst Market, by Product, 2021 (USD Mn)
2.3. Global Fertilizer Catalyst Market, by Process, 2021 (USD Mn)
2.4. Global Fertilizer Catalyst Market, by Fertilizer Application, 2021 (USD Mn)
2.5. Global Fertilizer Catalyst Market, by Geography, 2021 (USD Mn)
3. Global Fertilizer Catalyst Market Analysis
3.1. Fertilizer Catalyst Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Fertilizer Catalyst Market By Product, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Iron-Based
4.3. Vanadium Based
4.4. Platinum-Based
4.5. Rhodium Based
4.6. Nickel Based
4.7. Palladium Based
4.8. Ruthenium Based
4.9. Zinc Based
4.10. Cobalt Based
4.11. Molybdenum Based
4.12. Chromium Based
4.13. Copper Chromite
5. Global Fertilizer Catalyst Market By Process, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Haber-Bosch Process
5.3. Contact Process
5.4. Nitric Acid Production
5.5. Potassium Fertilizer Production
5.6. Urea Production
6. Global Fertilizer Catalyst Market By Fertilizer Application, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Nitrogenous Fertilizers
6.3. Phosphatic Fertilizers
7. North America Fertilizer Catalyst Market Analysis and Forecast, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. North America Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
7.3. North America Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
7.4. North America Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
7.5. North America Fertilizer Catalyst Market by Country, (2019-2028 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
7.5.1.2. U.S. Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
7.5.1.3. U.S. Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
7.5.2.2. Canada Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
7.5.2.3. Canada Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
8. Europe Fertilizer Catalyst Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. Europe Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
8.3. Europe Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
8.4. Europe Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
8.5. Europe Fertilizer Catalyst Market by Country, (2019-2028 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
8.5.1.2. Germany Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
8.5.1.3. Germany Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
8.5.2.2. U.K. Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
8.5.2.3. U.K. Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
8.5.3. France
8.5.3.1. France Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
8.5.3.2. France Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
8.5.3.3. France Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
8.5.4. Italy
8.5.4.1. Italy Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
8.5.4.2. Italy Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
8.5.4.3. Italy Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
8.5.5. Rest of Europe
8.5.5.1. Rest of Europe Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
8.5.5.2. Rest of Europe Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
8.5.5.3. Rest of Europe Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
9. Asia Pacific Fertilizer Catalyst Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Asia Pacific Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
9.3. Asia Pacific Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
9.4. Asia Pacific Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
9.5. Asia Pacific Fertilizer Catalyst Market by Country, (2019-2028 USD Mn)
9.5.1. China
9.5.1.1. China Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
9.5.1.2. China Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
9.5.1.3. China Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
9.5.2.2. Japan Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
9.5.2.3. Japan Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
9.5.3. India
9.5.3.1. India Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
9.5.3.2. India Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
9.5.3.3. India Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
9.5.4.2. Rest of Asia Pacific Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
9.5.4.3. Rest of Asia Pacific Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
10. Latin America (LATAM) Fertilizer Catalyst Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Latin America Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
10.3. Latin America Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
10.4. Latin America Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
10.5. Latin America Fertilizer Catalyst Market by Country, (2019-2028 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
10.5.1.2. Brazil Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
10.5.1.3. Brazil Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
10.5.2.2. Mexico Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
10.5.2.3. Mexico Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
10.5.3.2. Rest of Latin America Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
10.5.3.3. Rest of Latin America Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
11. Middle East and Africa Fertilizer Catalyst Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. MEA Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
11.3. MEA Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
11.4. MEA Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
11.5. Middle East and Africa Fertilizer Catalyst Market, by Country, (2019-2028 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
11.5.1.2. GCC Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
11.5.1.3. GCC Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
11.5.2.2. South Africa Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
11.5.2.3. South Africa Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Fertilizer Catalyst Market by Product, (2019-2028 USD Mn)
11.5.3.2. Rest of MEA Fertilizer Catalyst Market by Process, (2019-2028 USD Mn)
11.5.3.3. Rest of MEA Fertilizer Catalyst Market by Fertilizer Application, (2019-2028 USD Mn)
12. Company Profiles
12.1. Clariant
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. N.E.Chemcat
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Dow
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. QuantumSphere Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Johnson Matthey
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Albemarle Corporation
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Haldor-Topsoe
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. LKAB Minerals AB
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Quality Magnetite
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Unicat Catalyst Technologies
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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