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. Süd-Chemie India Pvt. Ltd., Thyssenkrupp AG, BASF SE, LKAB Minerals AB are some of the key players in this industry.
Fertilizer Catalyst Market Size Worth $3.3 Billion By 2027 | CAGR: 2.4%
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. Süd-Chemie India Pvt.
Ltd., Thyssenkrupp AG, BASF SE, LKAB Minerals AB are some of the key players in this industry. The market is
expected to be driven by the growing application in the production of fertilizers and the need for improving
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
Related Press Release @ Fertilizer Catalyst Market Report
Fertilizer Catalyst Market Report Highlights
• The nickel-based product segment is expected to expand