Global Fertilizer Catalysts Market Size and Market Growth Opportunities
Fertilizer Catalyst Market Report by TBRC Covers Fertilizer Catalyst Market Drivers & Restraints, Market Size, Key Players and COVID-19 Impact
LONDON, GREATER LONDON, United Kingdom, Sept. 6, 2022 /EINPresswire.com/ — According to the “Fertilizer Catalyst Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the catalyst Fertilizer market size is expected to reach USD 2.99 billion by 2026 at a CAGR of 3.4%. The growing production of fertilizers is expected to propel the growth of the global fertilizer catalysts market in the future.
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The fertilizer catalysts market consists of the sale of fertilizer catalysts or related services by entities (organizations, individual traders, and partnerships) that are used in the production of fertilizers to accelerate the chemical reaction. Fertilizer catalysts refer to catalytic substances used in the manufacture of fertilizers to increase the reaction rate and reduce the production time of fertilizers. A catalyst decreases the activation energy and makes it easier to break the nitrogen and hydrogen bonds.
Global Fertilizer Catalyst Market Trends
Product innovation is one of the key trends in the fertilizer catalyst industry that is gaining popularity. Major companies operating in the fertilizer catalysts market are focusing on product innovation to strengthen their market position. For example, in 2021, Clariant, a Swiss-based chemical company that manufactures fertilizer catalysts, developed a new fertilizer catalyst called EnviCat N2O-S. This product has been proven to remove up to 95% of the nitrogen generated as a by-product of nitric acid production. By avoiding greenhouse gas emissions, Clariant aims to help reduce the harmful environmental impact of fertilizer manufacturing.
Segments of the Global Fertilizer Catalyst Market
The global fertilizer catalysts market is segmented:
By-product: iron-based, vanadium-based, platinum-based, rhodium-based, nickel-based, palladium-based, ruthenium-based, zinc-based, cobalt-based, molybdenum base
By process: Haber-Bosch process, contact process, nitric acid production, potash fertilizer production, urea production
By application: Nitrogen fertilizers, Phosphate fertilizers, Others
By Geography: The global fertilizer catalysts market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Asia-Pacific accounts for the largest share.
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The Global Fertilizer Catalysts Market Report 2022 is part of a series of new reports from The Business Research Company that provides Fertilizer Catalysts market analysis, size and growth overviews and forecasts. Report for Global Fertilizer Catalysts Market, Fertilizer Catalysts Market Share, Fertilizer Catalysts Market Segments and Geographies, Fertilizer Catalysts Market Players, Revenues, Profiles and Share market leading competitors in the global fertilizer catalysts market. The Global Fertilizer Catalysts Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Fertilizer Catalyst Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: 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 LLC, Honeywell International Inc., Chempack, Shandong Aobao Chemical Industry Group Co., Ltd., QuantumSphere Inc., Tanaka Holdings Ctd and Oham Industries Pvt.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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