Middle East & Africa Catalyst Fertilizers Market Dynamics and Trends by 2027

The MEA catalyst fertilizers market 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.

South Africa, Saudi Arabia, UAE, and Rest of MEA are the major economies in MEA. Benefits related with catalyst fertilizers is boosting the market. In the chemical industry, catalysts are mainly deployed to bring the desired reaction as close as possible to a selected equilibrium point in the shortest possible time for a reversible type of reaction.  They speed up the rates of forwarding and backward reaction so as to attain faster equilibrium and remain unaltered without taking part in the chemical reaction. 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.

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.

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

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

MEA Catalyst Fertilizers Market Segmentation

MEA Catalyst Fertilizers Market – by Production Process

• Haber – Bosch Process
• Contact Process
• Others

MEA Catalyst Fertilizers Market – byMetal 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 Market - Companies Mentioned

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

Middle East & Africa Catalyst Fertilizers Report Scope