Fertilizer Catalyst Market Size, Growth Factors, Demand, Trends and Forecast to
The global fertilizer catalyst market size was valued at USD 2.8 billion in 2020 and is expected to
expand at a compound annual growth rate (CAGR) of 2.4% from 2021 to
2027. 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. The implementation of new pollution norms
is expected to provide a positive impetus to market growth.
The U.S. dominated the North American market in 2020. It is the largest producer and exporter of
phosphorus and ammonia in the world. The U.S. is the fourth-largest manufacturer of nitrogen
fertilizers and the second-largest producer of phosphate globally. The U.S. market is largely driven
by the sustainability initiatives undertaken by the local governments. In the last three years,
manufacturers in the U.S. have invested around USD 3.8 billion in capital expansions aimed at
achieving sustainability initiatives formulated for the fertilizer industry.
Key Player Mentioned:
Unicat Catalyst Technologies
LKAB Minerals AB
The raw materials used in the production of fertilizer catalysts are base metals such as iron, nickel,
zinc, vanadium, chromium, and copper, along with precious metals such as platinum, rhodium,
palladium, and ruthenium. The prices of most base metals have fallen, but the drop in prices is
substantially lower than that of oil prices. The largest declines have been observed in the prices of
copper and zinc, which have fallen by around 15% since January 2019.
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