Europe Catalyst Fertilizers Market Key Players and Forecast by 2027

The Europe catalyst fertilizers market is expected to grow from US$ 463.81million in 2019 to US$ 565.56million by 2027; it is estimated to grow at a CAGR of 2.6% from 2020 to 2027.

Germany, France, UK, Italy, Russia, and Rest of Europe are the major economies in Europe. Advantages related to catalyst fertilizers will boost the market growth. A catalyst fertilizer is a highly demanded product to increase the productivity of the crop. Catalyst fertilizers are fertilizers, the main function of which is to proffer nutrients to crops and other plants. The catalyst fertilizers provide sustainable agricultural benefits to farmers, growers, consumers, and the environment at large. Catalyst fertilizers are utilized in the reforming process to enhance the yield of the plants. Catalyst fertilizers make nutrients more available for plant uptake and utilization, helping to optimize yield potential and providing outstanding grower ROI. It can also be used by growers seeking to extract nutrients locked in crop residues or trying to address soil compaction, soil salinity, and water management issues. Some of the prime benefits offered by the catalyst fertilizers are increasing nutrient availability, and uptake enhances nutrient use efficiency, promotes better root growth and development, improves plant performance, and optimizes yield potential. Chemical and agrochemical industries use iron catalysts to improve or increase the rate of reaction in chemical processes. Magnetite is basically a natural iron oxide which companies use to make iron catalysts. This is widely used by activated and promoted iron catalysts in the fertilizer, refining, and chemical industries. In the chemical process called the ‘Haber-Bosch method,’ Magnetite is used as an iron source in catalysts, which increases the reactivity between nitrogen and hydrogen to make ammonia. This is further widely utilized in agriculture as fertilizer which is also bolstering the growth of the agriculture industry. Thus, the growth in the agriculture sector is expected to create a significant demand for catalysts fertilizers in the coming years, which is further anticipated to drive the market in Europe.

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.

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

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

Europe Catalyst Fertilizers Market Segmentation

Europe Catalyst Fertilizers Market – by Production Process

• Haber – Bosch Process
• Contact Process
• Others

Europe Catalyst Fertilizers Market – byMetal Group

• Base Metal
• Precious Metal

Europe Catalyst Fertilizers Market, by Application

• Nitrogenous
• Phosphatic
• Others

Europe Catalyst Fertilizers Market, by Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Europe Catalyst Fertilizers Market-Companies Mentioned

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

Europe Catalyst Fertilizers Report Scope