Fertilizer Catalyst Market Size, Share, Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2027 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, Catalysts are organometallic compounds that find widespread application in fertilizer and refinery applications. The market is majorly driven by product innovation aimed at reducing greenhouse emissions and improving process efficiency.

Fertilizer Catalyst Market Growth & Trends

The global fertilizer catalyst market size is expected to reach USD 3.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.4% from 2021 to 2027. The market is expected to be driven by the growing application in the production of fertilizers and the need for improving process efficiencies.

The demand for ammonia and hydrogen gas in the agricultural and industrial sectors is rising, thereby positively impacting the market growth. Moreover, favorable regulations and subsidies offered by the government have led to an increase in the adoption of catalysts. Nickel-based catalyst is the most significant product in the market space on account of its high efficiency. They are used in the Ostwald process of ammonia production. North America and the Asia Pacific collectively are anticipated to be the key markets for nickel-based catalysts worldwide. The demand for nickel-based catalysts is anticipated to grow on the account of their affordability and the ability to eliminate methane from the process.

Canada, South Africa, and Russia are likely to emerge as the major manufacturing locations for fertilizer catalysts due to the availability of raw materials. These countries are marked with the presence of large volumes of precious metal deposits. The major advantage associated with these countries is the availability of raw materials. Raw material procurement cost is the major cost incurred by a large number of catalyst manufacturers. The countries are also major exporters of fertilizers globally owing to the access to raw materials and the presence of large manufacturing facilities.

Browse full report with Table of Content (PDF with All Related Graph and Chart)

 @: https://www.grandviewresearch.com/industry-analysis/fertilizer-catalyst-market

Fertilizer Catalyst Market Report Highlights

The nickel-based product segment is expected to expand at the fastest CAGR of 2.2%, in terms of volume, from 2021 to 2027 due to its application as a substitute for iron-based products and the increasing demand for fertilizers
The rhodium-based product segment is expected to witness considerable growth in the years to come owing to the growing demand for rhodium-based catalysts in hydrogenation reactions
The urea production process segment is expected to witness significant growth over the forecast period owing to the growing demand for urea-based fertilizers
In the Asia Pacific region, India is anticipated to exhibit the fastest growth rate of 2.6%, in terms of volume, from 2021 to 2027 owing to the rising demand for nitrogenous fertilizers
In October 2019, Albemarle Corporation and ExxonMobil together created a platform called “Galexia” for the refining industry to provide a transformative hydroprocessing suite of catalysts and service solutions. This platform is aimed at enhancing the company’s business operations in order to cater to the customers’ demand in an effective manner

For Requesting a Sample Copy of This Report, Please Visit @https://www.grandviewresearch.com/industry-analysis/fertilizer-catalyst-market/request/rs1?

Fertilizer Catalyst Market Segmentation

Grand View Research has segmented the global fertilizer catalyst market on the basis of product, process, and region:

Fertilizer Catalyst Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

Iron-based
Vanadium based
Platinum-based
Rhodium based
Nickel-based
Palladium based
Ruthenium based
Zinc based
Cobalt-based
Molybdenum based
Chromium-based
Copper Chromite

Fertilizer Catalyst Process Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

Haber-Bosch Process
Contact Process
Nitric Acid Production
Potassium Fertilizer Production
Urea Production

Fertilizer Catalyst Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
Italy
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa

List of Key Players of Fertilizer Catalyst Market

Süd-Chemie India Pvt. Ltd.
Thyssenkrupp AG
BASF SE
LKAB Minerals AB
Albemarle Corporation
Unicat Catalyst Technologies, Inc.
Clariant AG
Johnson Matthey
Haldor Topsoe
Quality Magnetite

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/451259/ibb

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/fertilizer-catalyst-market