Middle East & Africa Catalyst Fertilizers Market

Market Introduction

Catalysts are essential materials in industrial production. They are highly preferred in chemical processes that help accelerate the rate of the chemical process but do not alter the final product. A catalyst increases output and improves process efficiency, and lower cost. Therefore, strong emphasis is given for the expansion of catalysts with higher activity, reduce environmental impact, and increase longevity. Approximately 60% of all consumer and industrial products, including fertilizer, batteries, plastics, and pharmaceuticals, amongst others, are made up of catalyst. The farmers in several agricultural-based countries like Saudi Arabia and South Africa are focusing on developing soil protection products that have suitable applications in any climatic condition; therefore, the implementation of advanced technologies that proffers and evenly nutrient supply of nitrogen, phosphate and potassium contents will propel liquid catalyst fertilizers market. Foliar feeding, which is done through leaves supply nutrients to those parts of the plants that lack the required nutrients and also to the roots that are stressed. The farmers today are learning the benefits of liquid catalyst fertilizers over dry forms, which is bolstering well the wide-scale acceptance of liquid catalyst fertilizers worldwide. The catalyst fertilizer market's major players are focused on strategies such as mergers and acquisitions, new development, and strategy and business planning to increase the country's presence and consumer base in the MEA region.  Thus, the demand for liquid catalyst fertilizers is eventually ramped up which is expected to create a significant demand for catalyst fertilizers in the coming years, which is further anticipated to drive the MEA catalyst fertilizers market.

Market Overview and Dynamics

The catalyst fertilizers market in MEA is expected to grow from US$ 126.95 million in 2019 to US$ 149.62 million by 2027; it is estimated to grow at a CAGR of 2.2% from 2020 to 2027. Catalyst fertilizers are used to grow all types of crops, but the rate of application depend on the soil fertility that is measured by the soil test. There is a rising trend in using liquid fertilizer as they are less labor extensive in comparison to the dry form of catalyst fertilizers. The liquid fertilizers are applied as an irrigation system and a starter fertilizer in rows to the crops that help in the efficient usage of plant nutrients and minimizes environmental issues. There is an increasing demand for liquid catalyst fertilizers owing to the increasing need to meet the food demand that is generated from the rapidly growing population. The need for nitrogen, potassium, and phosphorous fertilizers have incremented owing to the demand for food grains and concerns regarding the depletion of groundwater resources that favors the market for liquid catalyst fertilizers. Various steps are being raised by the European Fertilizers Manufacturing Association (EMA) for the purpose of implementing a product stewardship program that aims to enhance agricultural productivity using liquid catalyst fertilizers

Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of COVID-19.

Key Market Segments

In terms of  production process, the haber- bosch process segment accounted for the largest share of the MEA 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 MEA 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

• Understand the MEA catalyst fertilizers market landscape and identify market segments that are likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape in the MEA
• Efficiently plan mergers and acquisitions and partnership deals in MEA catalyst fertilizers market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various market segments
• Obtain revenue forecast for market based on various segments for the period 2019-2027

MEA Catalyst Fertilizers Market Segmentation

MEA Catalyst Fertilizers Market - by Production Process

• Haber- Bosch Process
• Contact Process
• Others

MEA Catalyst Fertilizers Market - by Metal Group

• Base Metal
• Precious Metal

MEA Catalyst Fertilizers Market- by Application

• Nitrogenous
• Phosphatic
• Others

MEA Catalyst Fertilizers Market - by Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

MEA Catalyst Fertilizers - Company Profiles

• Clariant
• DuPont de Nemours, Inc.
• Haldor Topsøe
• Johnson Matthey
• LKAB Minerals AB
• PDIL
• Quality Magnetite
• QuantumSphere, Inc.
• Axens
• Agricen

Middle East & Africa Catalyst Fertilizers Market Strategic Insights

Middle East & Africa Catalyst Fertilizers Market Segmentation Analysis

Middle East & Africa Catalyst Fertilizers Market Report Highlights

Middle East & Africa Catalyst Fertilizers Report Scope

Middle East & Africa Catalyst Fertilizers Market Country and Regional Insights