DUBLIN, October 7, 2022 /PRNewswire/ — Catalyst Fertilizer Global Market Report 2022 has been added to from ResearchAndMarkets.com offer.
The global catalytic fertilizer market is expected to grow from $2.63 billion in 2021 for $2.78 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The Catalytic Fertilizer Market is Expected to Grow to Reach $3.11 billion in 2026 at a CAGR of 2.9%.
The catalyst fertilizers market consists of sales of catalyst fertilizers by entities (organizations, individual traders, and partnerships) that are used to increase the reaction rate in the production of fertilizers. Fertilizer is a natural or artificial substance containing chemical elements that promote plant growth.
The catalyst deployed in the fertilizer helps to accelerate forward and reverse reaction rates. Catalyst fertilizers make nutrients more available for plant uptake and use, helping to maximize yield potential and providing an exceptional return on investment (ROI) to the grower.
The main types of catalytic fertilizer production processes are Haber-Bosch process, contact process and others. The Haber-Bosch process of catalytic fertilizers refers to the sale of catalytic fertilizers produced by the Haber-Bosch process, which is a process of artificial nitrogen fixation and is today the main industrial process for the production of nitrogen. ‘ammonia.
The different operations include ammonia production, formaldehyde production, methanol production, syngas production and involve several groups of metals such as iron, nickel, vanadium, platinum, rhodium and others . It is used in many applications, such as nitrogen fertilizers and phosphate fertilizers.
Asia Pacific was the largest region in the Catalyst Fertilizer market in 2021. Regions covered in the Catalyst Fertilizer market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing demand for ammonia production is expected to propel the growth of the catalyst fertilizer market in the future. Ammonia is a colorless, pungent gas composed of nitrogen and hydrogen and serves as a raw material for the production of many commercially important nitrogen compounds.
Ammonia makes a huge contribution to the agricultural system through its use as a fertilizer and helps sustain food production. For example, according to the International Energy Agency, a FranceAccording to an autonomous intergovernmental organization, the production of ammonia is expected to increase by almost 40% by 2050. Therefore, the growing demand for ammonia production will drive the growth of catalytic fertilizers.
Strategic partnerships are the key trend gaining popularity in the catalyst fertilizer market. Major companies operating in the catalytic fertilizer sector are looking for partnerships to strengthen their position in the market. For example, in March 2022Casale SA, a Swissa chemical company based in China, in partnership with Ferkensco Management Limited, a Uzbekistaninvestment holding company, and Enter Engineering Pte Ltd, a Singaporeengineering service provider.
The agreement represents the basis for future cooperation between the three companies to support the construction of an ammonia-based fertilizer plant in Uzbekistan. Moreover, in December 2020, Johnson Mattheya UK-based chemicals company, has teamed up with ThyssenKrupp AG, a Germanysupplier of technologies for ammonia plants worldwide. Through this partnership, the two companies have signed an agreement to renew their collaboration around the ammonia production process and the supply of catalysts.
In February 2021Paradeep Phosphates Ltd, an Indian fertilizer manufacturing company, has acquired the fertilizer manufacturing plant from Zuari Agro Chemicals Limited (ZACL) for $280 million. Through this acquisition, Paradeep Phosphates aimed to consolidate the bulk fertilizer business. Zuari Agro Chemicals Limited is an Indian fertilizer manufacturing company.
The countries covered in the Catalytic Fertilizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaUK, UNITED STATES.
Key Players of Catalytic Fertilizer Market are
- Clariant International Ltd
- Johnson Matthey
- Haldor Topsoe India Private Ltd
- QuantumSphere Inc.
- China Petroleum and Chemical Company
- ThyssenKrupp AG
- BASF SE
- Casalé SA
- Project & Development India Ltd.
- LKAB Minerals Limited
- NEChemcat Corporation
- Magnetite LLC Quality
- LyondellBasell Industries NV
Main topics covered:
2. Characteristics of the Catalyst Fertilizers Market
3. Catalytic Fertilizer Market Trends and Strategies
4. Impact of COVID-19 on catalyst fertilizers
5. Catalyst Fertilizer Market Size and Growth
5.1. Catalyst Fertilizers Global Historical Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Catalyst Fertilizer Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Catalyst Fertilizer Market Segmentation
6.1. Global Catalyst Fertilizers Market, Segmentation by Production Process, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Haber-Bosch process
- Contact process
- Other processes
6.2. Global Catalyst Fertilizers Market, Segmentation by Operation, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Ammonia production
- Formaldehyde production
- Methanol production
- Syngas production
6.3. Global Catalyst Fertilizers Market, Segmentation by Metal Group, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- base metals
- Precious metals
6.4. Global Catalyst Fertilizers Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Nitrogen fertilizers
- Phosphate Fertilizers
7. Regional and Country Analysis of Catalyst Fertilizers Market
7.1. Global Catalyst Fertilizers Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Catalyst Fertilizers Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
For more information about this report, visit https://www.researchandmarkets.com/r/o8s47a
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