Catalysts are mainly deployed to bring the desired reaction as close as possible to a selected equilibrium point in the shortest possible time for a reversible type of reaction. They speed up the rates of forwarding and backward reaction so as to attain faster equilibrium and remain unaltered without taking part in the chemical reaction. Catalyst increases output and improves process efficiency, at lower cost. Therefore, strong emphasis is given for expansion of catalyst with higher activity, to reduce environmental impact and increase longevity. Based on production process, the catalyst fertilizer market is categorized into Haber-Bosch process, contact process, and others.
In 2019, Asia Pacific contributed to the largest share in the global catalyst fertilizer market. The growth of the catalyst fertilizer market in this region is primarily attributed to the increase in demand for more crop yield. The rise in focus towards land efficiency has perpetually increased which demands the use of catalyst fertilizers to produce mineral fertilizers such as nitrogen fertilizers. Apart from this, the region contributes a substantial share in global fertilizer consumption owing to the growing food security concerns of growing population. Countries such as China and India where the population is growing considerably at higher rate is adding to the demand for food. On the other hand, due to urbanization and industrialization the arable land is declining which is forcing the farmers or crop growers to increase the consumption of fertilizers. Fertilizers have been used for a long time to increase the productivity of crops. This adequate and balanced use of fertilizer may help in feeding the growing population from the available cultivable land. Need for crop intensification and better land use efficiency have raised demand for value-added fertilizers such as catalyst fertilizers in APAC region.
Catalyst fertilizers are used to grow all types of crops, but the rate of application depend on the soil fertility that is measured by the soil test. There is a rising trend in using liquid fertilizer as they are less labor extensive in comparison to the dry form of catalyst fertilizers. The liquid fertilizers are applied as an irrigation system and a starter fertilizer in rows to the crops that help in the efficient usage of plant nutrients and minimizes environmental issues. There is an increasing demand for liquid catalyst fertilizers owing to the increasing need to meet the food demand that is generated from the rapidly growing population. The need for nitrogen, potassium, and phosphorous fertilizers have incremented owing to the demand for food grains and concerns regarding the depletion of groundwater resources that favors the market for liquid catalyst fertilizers. Various steps are being raised by the European Fertilizers Manufacturing Association (EMA) for the purpose of implementing a product stewardship program that aims to enhance agricultural productivity using liquid catalyst fertilizers. Besides this, the Association of American Plant Food Control Officials (AAPFCO) has led the introduction of advanced models for crop growth enhancers in North America. It has developed standards for the inspection techniques and encourage the adoption of effective and adequate approaches towards farming that favors the market for liquid catalyst fertilizers. Moreover, the farmers in several agricultural-based countries like China and India are focusing on developing soil protection products that have suitable applications in any climatic condition; therefore, the implementation of advanced technologies that proffers and evenly nutrient supply of nitrogen, phosphate and potassium contents will propel liquid catalyst fertilizers market. Foliar feeding, which is done through leaves supply nutrients to those parts of the plants that lack the required nutrients and also to the roots that are stressed. The farmers today are learning the benefits of liquid catalyst fertilizers over dry forms, which is bolstering well the wide-scale acceptance of liquid catalyst fertilizers worldwide.
The catalyst fertilizer market based on production process has been segmented into Haber-Bosch Process, contact process, and others. The Haber-Bosch Process is expected to register the fastest CAGR during 2020–2027.The Haber process is also called the Haber–Bosch process, which is an artificial nitrogen fixation process and is one of the main industrial procedure for the production of ammonia today. The process converts atmospheric nitrogen to ammonia (NH3) by a reaction with hydrogen using a metal catalyst under the high temperatures and pressures. The Haber–Bosch process relies on catalysts to accelerate the hydrogenation of N2. The catalysts are "heterogeneous," meaning that they are solid that interact on gaseous reagents. The catalyst typically consists of finely divided iron bound to an iron oxide carrier containing promoters, possibly including aluminum oxide, potassium oxide, calcium oxide, and magnesium oxide.
The catalyst fertilizer market based on metal group is segmented into base metal and precious metal. The base metal segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. The base metal is basically a common and inexpensive metal, as opposed to a precious metal such as gold or silver. A long-time goal of alchemists was the transmutation of a base (low grade) metal into precious metal. Cobalt, iron, and nickel catalysts have been investigated in parallel with palladium catalysts for carbon-carbon bond formation, and it has been found that when supported by the appropriate ligands, nickel and cobalt can enable efficient coupling reactions allowing the formal addition of carbon-hydrogen bonds in unsaturated systems. Metals such as Ni, Mo, Co, Rh, Pt, Pd, etc., are widely utilized as a catalyst in chemical and petrochemical industries as well as fertilizer industries. They are generally supported mainly on porous materials like alumina and silica through precipitation or impregnation processes. Chelating agents are the most effective extracts that can be introduced in the soil washing fluid to enhance heavy metal extraction from contaminated soils. The main advantages of chelating agents in soil cleanup, include high efficiency of metal extraction, high thermodynamic stabilities of the metal complexes formed, good solubility of the metal complexes, and low adsorption of the chelating agents on soils, but very few workers have attempted chelating agent to extract metals from spent catalyst.
Clariant, DuPont de Nemours, Inc., Haldor Topsøe, Johnson Matthey amongst others are the key players present in the global catalyst fertilizer market. These companies are implementing new product development and mergers and acquisition strategies to enlarge the customer base and gain significant market share across the world, which, in turn permit the players to maintain their brand name globally.
The regional trends and factors influencing the Catalyst Fertilizer Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Catalyst Fertilizer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2.42 Billion |
| Market Size by 2027 | US$ 2.99 Billion |
| Global CAGR (2019 - 2027) | 2.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Production Process
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Catalyst Fertilizer Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Catalyst Fertilizer Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Global Catalyst Fertilizers Market