Global Fertilizer Catalyst (Iron-Based, Nickel-Based) Market Analysis and Forecast, 2016-2020 and 2021-2027

DUBLIN, November 25, 2021–(BUSINESS WIRE)–The “Global Fertilizer Catalyst Market Size, Share & Trends Analysis Report by Product (Iron-Based, Nickel-Based), by Process (Haber-Bosch Process, Urea Production), by Region and Segment Forecasts, 2021-2027” report has been added to ResearchAndMarkets.com’s offer.

The global fertilizer catalyst market size is projected to reach $3.3 billion by 2027 and is expected to grow at a CAGR of 2.4% from 2021 to 2027

The market is expected to be driven by the growing application in fertilizer production and the need to improve process efficiency.

The demand for ammonia and hydrogen gas in the agricultural and industrial sector is increasing, which has a positive influence on market growth. In addition, favorable regulations and government subsidies have led to an increase in the adoption of catalytic converters. Nickel-based catalyst is the main product in the market space because of its high efficiency. They are used in the Ostwald process for the production of ammonia.

North America and Asia-Pacific together are expected to be the most important markets for nickel-based catalysts worldwide. Demand for nickel-based catalysts is expected to grow due to their affordability and ability to remove methane from the process.

Canada, South Africa and Russia are likely to emerge as the top fertilizer catalyst manufacturing sites due to raw material availability. These countries are characterized by the presence of large amounts of precious metal deposits. The major advantage of these countries is the availability of raw materials.

Raw material procurement costs are the main cost incurred by many catalyst manufacturers. The countries are also major exporters of fertilizers worldwide thanks to access to raw materials and the presence of large production facilities.

Highlights of the Fertilizers Market Report:

  • The nickel-based product segment is expected to grow at the fastest CAGR of 2.2%, in terms of volume, from 2021 to 2027 due to its use as a replacement for iron-based products and the increasing demand for fertilizers

  • The rhodium-based product segment is expected to grow significantly in the coming years due to the growing demand for rhodium-based catalysts in hydrogenation reactions

  • The urea production process segment is expected to grow significantly over the forecast period due to the growing demand for urea-based fertilizers

  • In the Asia-Pacific region, India is expected to show the fastest growth rate of 2.6%, in terms of volume, from 2021 to 2027 due to rising demand for nitrogen fertilizers

  • In October 2019, Albemarle Corporation and ExxonMobil co-created a platform called “Galexia” for the refining industry to provide a transformative hydroprocessing suite of catalysts and service solutions. This platform is focused on improving the business operations of the company to meet customer demand in an effective way

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Summary

Chapter 3. Fertilizer Catalyst Market Variables, Trends and Scope

3.1. Market size and growth prospects

3.2. Industry Value Chain Analysis

3.2.1. Raw material analysis

3.2.2. Profit Margin Analysis

3.2.3. Trends in production technology

3.2.4. Distribution Channel Analysis

3.2.5. Patent analysis

3.3. Regulatory framework

3.4. Market dynamics

3.4.1. Market Factor Analysis

3.4.2. Market Constraint Analysis

3.4.3. Industry Challenges

3.5. Mapping penetration and growth prospects

3.6. Price trend analysis

3.7. Analytics tools for business environments

3.7.1. Sector Analysis – Porter’s

3.7.2. PESTLE analysis

Chapter 4. Fertilizer Catalyst Market: Process Estimates and Trend Analysis

4.1. Process Market introduction

4.2. Haber-Bosch Process

4.3. Contact process

4.4. Nitric Acid Production

4.5. Potassium Fertilizer Production

4.6. Urea production

Chapter 5. Fertilizer Catalyst Market: Product Estimates and Trend Analysis

5.1. Product Market Introduction:

5.2. Iron Based Catalyst

5.3. Vanadium Based Catalyst

5.4. Platinum Based Catalyst

5.5. Rhodium-based catalyst

5.6. Nickel Based Catalyst

5.7. Palladium Based Catalyst

5.8. Ruthenium-based catalyst

5.9. Zinc based catalyst

5.10. Cobalt based catalyst

5.11. Molybdenum Based Catalyst

5.12. Copper Chromite Catalyst

5.13. Chromium Based Catalyst

Chapter 6. Fertilizer Catalyst Market: Regional Estimates and Trend Analysis

6.1. Fertilizer Catalyst Market, by Regions, 2020 and 2027

Chapter 7. Competitive Analysis

7.1. Recent developments and impact analysis, by key market participants

7.2. Business/competition categorization (key innovators, industry leaders, emerging players)

7.3. Company Market Ranking, 2020

7.4. Supplier landscape

7.4.1. List of Catalyst Manufacturing Companies

7.4.2. List of potential end-user companies

7.5. Big Deals and Strategic Analysis

Chapter 8. Company Profiles

8.1. Corporate overview

8.2. Financial performance

8.3. Product Benchmarking

8.4. Recent developments

For more information on this report, please visit https://www.researchandmarkets.com/r/aogbc3

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20211125006126/en/

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