Global Catalyst Fertilizers Market 2020-2024 | Capacity Expansion of Fertilizer Production Units to Boost Growth | Technavio

Technavio has announced its latest market research report titled global catalysts fertilizers market 2020-2024. (Graphic: Business Wire)

LONDON--()--The catalysts fertilizers market size is poised to grow at a CAGR of almost 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The production, transportation, and utilization of fertilizers contribute largely to GHG emissions, especially carbon dioxide and nitrous oxide emissions. Thus, growing environmental concerns have led to a significant increase in the number of initiatives by governments of several countries. This has increased the demand for catalysts for fertilizers as they can enhance the performance of fertilizers and decrease their carbon footprint. Metals, such as rhodium, iron, cobalt, and palladium, are widely used as catalysts in the fertilizer industry. Thus, with the rising environmental concerns and efforts toward producing low-emission fertilizers, the demand for catalysts is expected to increase, which will fuel market growth during the forecast period.

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As per Technavio, the growing capacities of fertilizer production units will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Catalysts Fertilizers Market: Growing Capacities of Fertilizer Production Units

The global fertilizers market is anticipated to invest around USD100-110 billion in constructing 70 new fertilizer production units during the forecast period. The production capacity of potash fertilizers is expected to grow by 13%, followed by phosphoric acid and ammonia, which are expected to grow by more than 8% and 4% respectively during 2020-2024. The growing expansion of fertilizer production units will stimulate the demand for catalyst fertilizers, leading to market growth during the forecast period.

“Other factors such as the increase in global cereal production, and increase in regulatory pressure on fertilizer production will have a significant impact on the growth of the catalysts fertilizers market value during the forecast period,” says a senior analyst at Technavio.

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Catalysts Fertilizers Market: Segmentation Analysis

This market research report segments the catalysts fertilizers market by application (nitrogenous and phosphatic) and geography (APAC, North America, Europe, South America, and MEA).

The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The growth of the catalysts fertilizers market share in APAC can be attributed to several factors such as the presence of a large population base and the strong agriculture industry in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The catalysts fertilizers market size is poised to grow at a CAGR of almost 3% during the period 2019-2023, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com