Global Catalyst Fertilizers Market worth USD 2.74 Billion by 2024

Global Catalyst Fertilizers Market worth USD 2.74 Billion by 2024

Pune, India, April 02, 2019 -- /360iResearch/ -- The report "Global Catalyst Fertilizers Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 2.17 billion in 2017 and is projected to reach USD 2.74 billion by 2024, growing at a CAGR of 3.40% from 2017 to 2024.

The major forces driving the growth of the catalyst fertilizers market include the efficient fertilizer production across the globe and increased output and conversion rate and emissions control from fertilizers. Moreover, technological advancements to reduce the cost of the catalyst is also one of the factors that is driving the market growth. However time is taken for catalyst membranes, and rising demand for organic fertilizers may hinder the market growth. In the middle of difficulty lies opportunity such as the new plant setups and upgradations owing to increasing growth in fertilizer consumption, upgradation to natural gas-based feedstock for fertilizer production for new catalytic unit installments, and research and development to improve the quality and functions of catalyst. The possible challenges for the market growth is low farm incomes and unfavorable commodity prices. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on metal group, the global catalyst fertilizers market is studied across Base Metals, and Precious Metals. Based on production process, the global catalyst fertilizers market is studied across Contact Process, and Haber-Bosch Process. Based on application, the global catalyst fertilizers market is studied across Nitrogenous Fertilizers, and Phosphatic Fertilizers. Based on operation, the global catalyst fertilizers market is studied across Ammonia Production, Formaldehyde Production, Methanol Production, and Syngas Production. Based on geography, the global catalyst fertilizers market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the catalyst fertilizers market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Chempack, China Petroleum & Chemical Corporation, Clariant International, Dowdupont, Haldor Topsoe, Honeywell International Inc, Johnson Matthey, Lkab Minerals, N.E.Chemcat, Oham Industries, Projects & Development India Limited, Quality Magnetite, Quantumsphere Inc., Sued-Chemie, TANAKA HOLDINGS Co., Ltd, and Thyssenkrupp AG.

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