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Catalyst Fertilizer Market Research Report Information By Manufacturing Process (Contact Process, Haber-Bosch Process, Others), By Metal Group (Base Metals, Precious Metals), Application (Fertilizer With Nitrogen and Fertilizer With Phosphate) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

ID: MRFR/AGR/6030-HCR | 140 Pages | Author: Pradeep Nandi| April 2024

Catalyst Fertilizer Market Overview

Catalyst Fertilizer Market Size was valued at USD 2.5 Billion in 2022. The Catalyst Fertilizer market industry is projected to grow from USD 2.58 Billion in 2023 to USD 3.19 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2023 - 2032). population growth, dwindling arable land, the demand for higher crop yield and quality, environmental restrictions, technology improvements, rising public awareness of sustainable agriculture, and government support and incentives all contribute to the need for these factors, are the key market drivers enhancing the market growth.

 Catalyst Fertilizer Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Catalyst Fertilizer Market Trends

  • Need for improved crop yield and quality is driving the market growth

The market for catalyst fertilisers is heavily influenced by the requirement for increased crop output and quality. Agricultural producers and other stakeholders are always looking for ways to increase crop productivity and produce higher-quality harvests. This driver has a significant impact on the demand for catalytic fertilisers and is affected by a number of variables. The ever-increasing rate of population growth is one of the main drivers behind the emphasis on increased crop output. The demand to produce more food to feed the expanding population is growing as the world's population rises. By 2050, the United Nations projects that there will be 9.7 billion people on the planet. The agriculture industry faces a huge problem in ensuring food security in light of this population expansion.

In order to overcome this problem, catalyst fertilisers increase crop productivity. These fertilisers include vital nutrients required for plant development and growth. Catalyst fertilisers guarantee that plants have access to the necessary nutrition throughout their growth stages by offering an ideal mix of nutrients. This results in better photosynthesis, better plant development, and eventually larger food yields. In addition to higher output, there is a rising demand for crops of higher quality. More picky shoppers and food producers are looking for high-quality produce with desirable qualities including flavour, appearance, nutritional content, and shelf life. In addition to meeting customer desires, improved crop quality also opens up chances for premium pricing and market distinctiveness.

In a number of different ways, catalyst fertilisers boost crop quality. These fertilisers enable plants to reach their full genetic potential, resulting in healthier and more vigorous harvests, by delivering a balanced and tailored nutrient supply. Plants with adequate nutrient intake have stronger root systems, are more resilient to pests and diseases, and are healthier overall. These elements help produce crops that have better nutritional profiles and are less vulnerable to elements that lower quality. In addition, catalyst fertilisers can favourably affect some crop properties. For example, they can improve fruit size, colour, taste, and firmness to increase consumer attractiveness. Catalyst fertilisers can enhance some aspects of grain quality in cereal crops, including protein content, gluten strength, and milling characteristics, which are crucial for the baking and processing sectors. Increased market value and profitability for farmers are the results of these improvements in crop quality.

Additionally, the goal to maximise resource utilisation drives the need for increased crop output and quality. On their investments in land, water, fertiliser, and other inputs, farmers seek to maximise returns. Farmers can reduce waste and improve nutrient efficiency by using catalyst fertilisers. In order to ensure that nutrients are available to plants when they are most in need and to reduce losses due to leaching or volatilization, these fertilisers feature controlled-release systems. This carefully planned delivery of nutrients also lessens the possibility of nutrient runoff, which can result in environmental damage. The continual improvements in agricultural technology and research support the desire for better crop output and quality. The creation of novel catalytic fertiliser formulations and application techniques is the result of ongoing research efforts. For instance, coated and controlled-release fertilisers deliver nutrients in a more regulated and progressive manner, facilitating effective uptake by plants. These developments give farmers the ability to adjust fertiliser application to particular crop needs, leading to increased yield and quality results.

Governments and agricultural organisations also offer assistance, subsidies, and incentives to encourage the goal of increased crop output and quality. They are aware of how crucial agriculture is to preserving both economic and food security. Government programmes encourage farmers to embrace cutting-edge agricultural methods and technologies, such as catalyst fertilisers. These programmes support the use of catalyst fertilisers and other yield-improving techniques by offering financial aid, technical advice, and educational materials.

As a result, the market for catalyst fertilisers is significantly driven by the requirement for increased crop output and quality. The main forces underlying this trend are the growing world population, the need for food security, and customer preferences for premium produce. By increasing crop yield, improving crop quality, maximising resource use, and promoting sustainable agricultural practises, catalyst fertilisers play a crucial role in satisfying these needs. Farmers who want to improve crop production and quality results should expect to see a further rise in the demand for catalyst fertilisers as technology and research evolve, supported by the government. Thus, driving the Catalyst Fertilizer market revenue.

Catalyst Fertilizer Market Segment Insights

Catalyst Fertilizer Manufacturing process Insights

The Catalyst Fertilizer market segmentation, based on manufacturing process includes contact process, Haber-Bosch process, others. With 45.35% of market sales in 2022, the Harber-Bosch process segment dominated the industry. The manufacture of ammonia fertiliser is increasing, and the employment of catalysts is a crucial component of plant process design.

Catalyst Fertilizer metal group Insights

The Catalyst Fertilizer market segmentation, based on metal group, includes base metal, precious metals. In 2022, the base metals category produced the greatest revenue. Base metals, including copper, aluminium, zinc, nickel, and lead, are essential components utilised in many different sectors of the economy. These metals are necessary for the production of a wide variety of items because they have desirable qualities like conductivity, malleability, durability, and corrosion resistance.

Catalyst Fertilizer application Insights

The Catalyst Fertilizer market segmentation, based on metal group, includes fertilizer with nitrogen and fertilizer with phosphate. In 2022, the fertilizer with nitrogen category brought in the most money. In comparison to other nutrients, nitrogen is the one that crops need in the greatest amounts. During their growth stages, crops like cereals, grains, vegetables, and fruits have a significant demand for nitrogen.

Figure 1: Catalyst Fertilizer Market, by metal group, 2022 & 2032 (USD Billion)

Catalyst Fertilizer Market, by metal group, 2022 & 20321

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Catalyst Fertilizer Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Catalyst Fertilizer Market dominated this market in 2022 (45.80%). This is a result of the population growth and the agriculture sector's rapid expansion. With rising environmental consciousness and encouraging government action, Europe is predicted to expand dramatically. Moreover, China’s Catalyst Fertilizer market held the largest market share, and the Indian Catalyst Fertilizer market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Catalyst Fertilizer Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Catalyst Fertilizer market accounts for the second-largest market share. This is a result of government rules that encourage sustainable practises as well as continual efforts to improve the efficiency of the production process. Further, the German Catalyst Fertilizer market held the largest market share, and the UK Catalyst Fertilizer market was the fastest growing market in the European region

The North America Catalyst Fertilizer Market accounts for the second-largest market share. This is due to the US's overwhelming dominance of the North American catalytic fertiliser market. During the projected period, increased spending on nutrient-rich vegetables is anticipated to increase demand in the nation. Further, the U.S. Catalyst Fertilizer market held the largest market share, and the Canada Catalyst Fertilizer Market was the fastest growing market in the North America region.

Catalyst Fertilizer Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Catalyst Fertilizer market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Catalyst Fertilizer industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Catalyst Fertilizer industry to benefit clients and increase the market sector. In recent years, the Catalyst Fertilizer industry has offered some of the most significant advantages to medicine. Major players in the Catalyst Fertilizer market, including In addition to DowDuPont and Quality Magnetite, additional companies include Oham Industries in India and LKAB Minerals AB in Sweden. Among them are N.E. Chemcat (Tokyo), Project & Development India Ltd. (India), Johnson Matthey (UK), and Clariant (Germany)., are attempting to increase market demand by investing in research and development operations.

Clariant International Ltd. (Clariant), a branch of Clariant AG, is a firm that produces specialty chemicals. A comprehensive range of specialist chemicals used in clients' manufacturing and treatment processes are created, produced, sold, and distributed by the company. The company's product line includes additives, automotive fluids, agricultural waste, petrochemical catalysts, performance materials, surfactants, mining chemicals, intermediates, and emulsions. The company's products are utilised by the industrial, personal care, paints & coatings, crop protection, automotive, plastic, transportation, refining, and pharmaceutical industries. It operates through a network of manufacturing facilities, R&D facilities, and technical hubs. Africa, the Middle East, Asia, and the Americas are among the regions where the firm offers its products. Clariant's corporate headquarters are in Muttenz, Basel-Landschaft, Switzerland.

The company DuPont de Nemours Inc (DuPont), formerly known as DowDuPont Inc., provides technology-based products and solutions. It addresses both the front and back ends of the manufacturing process by offering materials and printing systems to the advanced printing industry as well as materials and solutions for the fabrication of integrated circuits and semiconductors. The company's product line includes resins, adhesives, advanced printing solutions, animal nutrition, building supplies, biomaterials, electrical solutions, textiles, fibres & nonwovens, food & beverage ingredients, industrial films, and other items. Among the industries it helps are those in the automobile, building and construction, energy, electronics, food and beverage, textile, aerospace, medicine, personal care, and packaging and printing. DuPont's US headquarters are in Wilmington, Delaware.

Key Companies in the Catalyst Fertilizer market include

  • Clariant (Germany)

  • Haldor Topsoe (Denmark)

  • Project & Development India Ltd. (India)

  • Johnson Matthey (UK)

  • E. Chemcat (Tokyo)

  • LKAB Minerals AB (Sweden)

  • Quality Magnetite (US)

  • QuantumSphere, Inc. (US)

  • DowDuPont (US)

  • Oham Industries (India)

Catalyst Fertilizer Industry Developments

July 2021: Clariant increased production of pollution control catalysts to keep up with rising demand on a scale. In Heufeld, Germany, the business constructed an extra, expanded production facility with cutting-edge machinery devoted solely to pollution control catalysts.

April 2023: The official launch of Clariant's new CATOFIN® catalyst facility in China was announced. The facility is specialised to producing CATOFIN, a PDH catalyst utilised in the olefin manufacturing process, including the synthesis of propylene and other olefins.

Catalyst Fertilizer Market Segmentation

Catalyst Fertilizer Market Manufacturing Process Outlook

  • Haber-Bosch process

  • Contact Process

  • Others

Catalyst Fertilizer Market Metal Group Outlook

  • Precious Metals

  • Base Metals

Catalyst Fertilizer Market Application Outlook

  • Fertilizer With Nitrogen

  • Fertilizer With Phosphate

Catalyst Fertilizer Market Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 2.5 Billion
Market Size 2023 USD 2.58 Billion
Market Size 2032 USD 3.19 Billion
Compound Annual Growth Rate (CAGR) 3.20% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Distribution Channel, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Clariant (Germany), Haldor Topsoe (Denmark), Project & Development India Ltd. (India), Johnson Matthey (UK), N.E. Chemcat (Tokyo), LKAB Minerals AB (Sweden), Quality Magnetite (US), QuantumSphere, Inc. (US), DowDuPont (US), Oham Industries (India)
Key Market Opportunities ·         Declining arable land
Key Market Dynamics ·         Need for improved crop yield and quality

Frequently Asked Questions (FAQ) :

The Catalyst Fertilizer market size was valued at USD 2.5 Billion in 2022.

The market is projected to grow at a CAGR of 3.20% during the forecast period, 2023-2032.

North America had the largest share in the market.

The key players in the market are Clariant (Germany), Haldor Topsoe (Denmark), Project & Development India Ltd. (India), Johnson Matthey (UK), N.E. Chemcat (Tokyo), LKAB Minerals AB (Sweden), Quality Magnetite (US), QuantumSphere, Inc. (US), DowDuPont (US), Oham Industries (India).

The Base Metal category dominated the market in 2022.

The Nitrogenous Fertilizer had the largest share in the market.

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