Catalyst Fertilizers Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG1059 | Last Updated On: Jun 23 2022 | Available Formats

> Global Catalyst Fertilizers Market Expected to reach a high CAGR of 2.3% By 2029: DataM Intelligence

Global Catalyst Fertilizers Market is segmented by market Dynamics (Drivers, Rising Demand in the consumption of fertilizers, Technological Advancement, Restraints, Long Replacement Period, Opportunity. Impact Analysis), By Application ( Ammonia Production, Ethanol Production, Formaldehyde Production, Others)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Catalyst Fertilizer Market" is expected to grow at a CAGR of 2.3% during the forecast period (2022-2029).

Catalyst fertilizers help to increase phosphorus, potassium, and all other nutrients. It improves plant growth and enhances yield. Also, it is an excellent impregnation and mixing property for dry or liquid fertilizers.

Market Dynamics

Rising demands in the consumption of fertilizers are the driving factors for market growth. According to International Fertilizers Association in 2016, Nitrogen is by far the largest nutrient, accounting for almost 60% of total consumption.

Also, phosphorus (phosphate) and potassium fertilizers are primarily applied to improve crop quality. Additionally, Brazil consumes substantial amounts of phosphate and potash due to its significant soybean production.

Recent technological advancement coupled with new product launches is adding fuel to the growth of the market. For instance, Clariant has developed an innovative and highly-active catalyst called AmoMax10. Its special design compared to alternative catalysts, can deliver energy savings of up to 40% for the Haber-Bosch process.

However, the long replacement period associated with catalysts may hinder the growth of the market on a global level.

Market Segmentation

Based on the application, the global catalyst fertilizers market can be segmented by ethanol Production, ammonia production, formaldehyde production, and others. Ammonia production dominates the market owing to a strong increase in fertilizer demand.

According to the data from Catalyst Group in 2018, the ammonia estimates production in 2017 was over 150 MT, and capacity is estimated to be over 230 MT, which is an increase of approximately 53%.

Also, global ammonia production consumes 1-2% of the world’s energy supply annually. Over 80% of ammonia output is used as agricultural fertilizer for both food crops (supplying 50% of all human protein consumed), and non-food crops including biofuel feedstock’s, According to QuantumSphere, Inc. report in 2016.

Further, ammonia production is gaining more demand especially in European countries such as Slovakia and Spain.

For instance, in February 2015, Haldor Topsoe A/S has signed contracts with Technip and Duslo s.a. of Slovakia for a new ammonia plant that would be constructed adjacent to an existing fertilizer complex in Šaľa, a town located 65 kilometers from Bratislava, the capital of the Slovak Republic.

 

Geographical Share

Geographically, the global catalyst fertilizers market is divided into North America, Europe, South America, Asia-Pacific, and the Middle East, and Africa. Among all of the geographical regions, Asia Pacific dominates the market owing to the presence of major producers of ammonia-based fertilizers in China, India, and Indonesia.

According to the data from the United States Geological Survey in 2016, China recorded the highest production of ammonia approximately 48 million tonnes followed by Russia and India with 12 and 11 million tonnes respectively.

Additionally, the increase in tonnage of ammonia made is just keeping pace with the increasing world population and with its increasing standard of living. It is expected that the demand for ammonia will increase to nearly 200 million tonnes by 2018.

Further, according to QuantumSphere, Inc. in 2016, Coal accounts for 80% of the total feedstock used in ammonia production in China. The remaining 20% comes from natural gas, for which imported processes have historically been used. However, China recently signed a 30-year agreement worth USD 400 billion to buy natural gas from Russia, unusually this ratio may change significantly over the next few years.

 

Market Competition

The global catalyst fertilizer market is highly competitive with a large number of regional and international players. The competitiveness among significant market players is highly intense as a result.

The companies are focused on the business agreement in a bid to expand manufacturing facilities and strengthen business positions on a global basis.

For instance, in September 2018, Haldor Topsoe has signed a shareholder agreement for an 11.7% stake in the Ramagundam fertilizer plant in Telangana, India, together with the Danish government-owned fund IFU and The Danish Agribusiness Fund (DAF).

In August 2017, ThyssenKrupp AG won a contract from Brunei's state-run Brunei Fertiliser Industries to build a fertilizer plant in the country. The new fertilizer complex will have a production capacity of 2,200 tons of ammonia and 3,900 tons of urea per day. It will be located in the Sungai Liang Industrial Park right next to Brunei’s well-established oil and gas industry.

The companies also follow the strategy of mergers & acquisitions in a bid to increase company revenue, financial resources, and processing capabilities of manufacturing facilities.

For instance, in September 2017, Vivakor Inc has acquired strategic intellectual properties (IP) from QuantumSphere Inc. (QSI). In an all-stock transaction, Vivakor secured patented Nanocatalyst IP from QSI. This technology produces a number of catalytic elements in the 30 – 60-nanometer range.

Trending Topics

Specialty Fertilizers Market

Organic Fertilizers Market

Acetochlor Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest