Market Introduction
Catalysts are essential materials in industrial production. Approximately 60% of all consumer and industrial products, including fertilizer, batteries, plastics, and pharmaceuticals, are made up of catalyst. A catalyst increases output and improves process efficiency, and lower cost. They are highly preferred in chemical processes that help accelerate the rate of the chemical process but do not alter the final product. Therefore, strong emphasis is given to expand catalysts with higher activity, reduce environmental impact, and increase longevity. Further, the increase in disposable income coupled with increased investment in technology advancement is also likely to drive the demand for catalyst fertilizers in the European market. Thus, the growing focus on research and development and innovation activities is expected to create a significant demand for catalyst fertilizers in the coming years, which is further anticipated to drive the Europe catalyst fertilizers market.
Market Overview and Dynamics
The catalyst fertilizers market in Europe is expected to grow from US$ 463.81 million in 2019 to US$ 565.56 million by 2027; it is estimated to grow at a CAGR of 2.6% from 2020 to 2027. In the recent past, various research studies had been conducted on various properties and production process of catalyst fertilizers applied to various crops, fruits, and vegetables. The American Chemical Society published a research study on sustainable ammonia and advanced symbiotic fertilizer production using catalytic multi-reaction-zone reactors with non-thermal plasma & simultaneous reactive separation. In this study, the theoretical bases of a novel intensified catalytic multi-reaction-zone reactor (M-RZR) system has been described. The M-RZR, along with two reaction zones (RZ-1 and RZ-2), was utilized for ammonia synthesis. In the catalytic non-thermal plasma reaction zone (such as RZ-1), ammonia was synthesized. Further, it was immediately sequestrated through a highly porous polymeric solid acid absorbent mainly in the ammonia neutralization reaction zone (RZ-2). This is bolstering the growth of the Catalyst Fertilizers market.
In Europe, Italy, Spain, and Russia is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Russia recorded the highest number of COVID-19 cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Key Market Segments
In terms of production process, the haber- bosch process segment accounted for the largest share of the Europe Catalyst Fertilizers market in 2019. Based on metal group, base metal accounted for the largest share in catalyst fertilizers market. Further, the nitrogenous segment held a larger share of the market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Catalyst Fertilizers market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Clariant, DuPont de Nemours, Inc., Haldor Topsøe, Johnson Matthey, LKAB Minerals AB, PDIL, Quality Magnetite, QuantumSphere, Inc., Axens and Agricen among others.
Reasons to buy report
Europe Catalyst Fertilizers Market Segmentation
Europe Catalyst Fertilizers Market - by Production Process
Europe Catalyst Fertilizers Market - by Metal Group
Europe Catalyst Fertilizers Market- by Application
Europe Catalyst Fertilizers Market - by Country
Europe Catalyst Fertilizers - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 463.81 Million |
| Market Size by 2027 | US$ 565.56 Million |
| CAGR (2020 - 2027) | 2.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Production Process
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The List of Companies - Europe Catalyst Fertilizer Market
The Europe Catalyst Fertilizers Market is valued at US$ 463.81 Million in 2019, it is projected to reach US$ 565.56 Million by 2027.
As per our report Europe Catalyst Fertilizers Market, the market size is valued at US$ 463.81 Million in 2019, projecting it to reach US$ 565.56 Million by 2027. This translates to a CAGR of approximately 2.6% during the forecast period.
The Europe Catalyst Fertilizers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Catalyst Fertilizers Market report:
The Europe Catalyst Fertilizers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Catalyst Fertilizers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Catalyst Fertilizers Market value chain can benefit from the information contained in a comprehensive market report.
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