Asia Pacific Catalyst Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Production Process, Metal Group, Application, and Country

Nitrogenous Segment to Dominate APAC Catalyst Fertilizers Market during 2019-2027

According to a new market research study on “APAC Catalyst Fertilizers Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Production Process, Metal Group, and Application” is expected to reach US$1565.02 million by 2027 from US$1261.69 million in 2019. The market is estimated to grow at a CAGR of 2.9% from 2020 to 2027. The report provides trends prevailing in the APAC Catalyst Fertilizers market along with the drivers and restraints pertaining to the market growth. Benefits associated with catalyst fertilizers are the major factor driving the growth of the APAC catalyst fertilizers market. However, issues associated with the strict rules associated with catalyst fertilizers hinder the growth of APAC catalyst fertilizers market.

The APAC market for catalyst fertilizers is segmented into production process, metal group, application, and country. Based on production process, the market is segmented into haber- bosch process, contact process, and others. In 2019, the haber-bosch process segment held the largest share APAC Catalyst Fertilizers market. Based on metal group, the market is bifurcated into base metal, and precious metal. The base metal segment contributed a larger share in 2019. Similarly based on application, the market is segmented into nitrogenous, phosphatic, and others. Nitrogenous segment is expected to the fastest growing segment over the forecast period.

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.

Clariant, DuPont de Nemours, Inc., Haldor Topsøe, Johnson Matthey, LKAB Minerals AB, PDIL, Quality Magnetite, QuantumSphere, Inc., Axens, and Agricen are among the leading companies in the APAC Catalyst Fertilizers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 10 September 2020, Clariant advances its strategic growth in China announcing new R&D partnership with top ranked Tianjin University.

The Report Segments the APAC Catalyst Fertilizers market as Follows:

APAC Catalyst Fertilizers Market - by Production Process

• Haber-Bosch Process
• Contact Process
• Others

APAC Catalyst Fertilizers Market - by Metal Group

• Base Metal
• Precious Metal

APAC Catalyst Fertilizers Market - by Application

• Nitrogenous
• Phosphatic
• Others

APAC Catalyst Fertilizers Market - by Country

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

Reasons to Buy

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• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Catalyst Fertilizers market, as well as those hindering it
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