Asia Pacific Catalyst Fertilizers Market

The APAC catalyst fertilizers market is expected to grow from US$ 1261.69 million in 2019 to US$ 1565.02 million by 2027; it is estimated to grow at a CAGR of 2.9% from 2020 to 2027.

China, India, Japan, South Korea, Australia, and Rest of APAC are the major economies in APAC. Rising focus on research and development and innovation activities will boost the catalyst fertilizers market. 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. A research study was published by the American Chemical Society in October 2017, 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, and further, it was immediately sequestrated through a highly porous polymeric solid acid absorbent mainly in the ammonia neutralization reaction zone (RZ-2). The solid acid was basically a sulfonated cross-linked porous polystyrene foam, mainly known as polyHIPE polymer. The s-PHP & its neutralized version (sn-PHP) were developed as an advanced symbiotic fertilizer (or synthetic root system) for agro-process intensification for the enhancement (50–300%) of crop yield along with nitrogen fixation, especially underwater and nutrient stress. This method is not only fruitful for the direct conversion of syngas to ammonium carbonate & urea fertilizers but also for obtaining anhydrous ammonia for fuel applications. The reactive in situ air separation was further demonstrated for the generation of nitrogen for ammonia synthesis & oxygen for the gasification of biomass as a sustainable source of hydrogen.

Thus, all these factors are expected to drive the catalyst fertilizers market in APAC.

The COVID-19 is anticipated to cause a negative impact in the Asia Pacific region. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Until now, India has the highest number of COVID -19 confirmed cases.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the APAC Catalyst Fertilizers market is expected to grow at a good CAGR during the forecast period.

APAC Catalyst Fertilizers Market Revenue and Forecast to 2027 (US$ Mn)

APAC Catalyst Fertilizers Market Segmentation

APAC Catalyst Fertilizers Market – by Production Process

• Haber – Bosch Process
• Contact Process
• Others

APAC Catalyst Fertilizers Market – byMetal Group

• Base Metal
• Precious Metal

APAC Catalyst Fertilizers Market - by Application

• Nitrogenous
• Phosphatic
• Others

APAC Catalyst Fertilizers Market - by Country

• China
• India
• Japan
• Australia
• South Korea
•  Rest of APAC

APAC Catalyst Fertilizers Market - Companies Mentioned

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

Asia Pacific Catalyst Fertilizers Report Scope