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

Haber- Bosch Process Segment to Dominate MEA Catalyst Fertilizers Market during 2020-2027

According to a new market research study on “MEA Catalyst Fertilizers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Production Process, Metal Group, and Application” is expected to reach US$million by 2027 149.62 from US$126.95 million in 2019. The market is estimated to grow at a CAGR of 2.2% from 2020 to 2027. The report provides trends prevailing in the MEA catalyst fertilizers market along with the drivers and restraints pertaining to the market growth. Benefits related with catalyst fertilizers are the major factor driving the growth of the MEA catalyst fertilizers market. However, issues associated with the regulations which are extremely severe in relation with catalyst fertilizer hinder the growth of MEA catalyst fertilizers market.

The MEA 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 MEA 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. In terms of application, nitrogenous segment is expected to the leading segment over the forecast period.

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.

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 MEA 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 2018 Axens acquired 100% of the shares of Heurtey Petrochem a world leader in the design and manufacturing of process furnaces for the refining, petrochemicals, hydrogen and syngas markets. This acquisition also included Prosernat company.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA Catalyst Fertilizers market.
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• The key findings and recommendations highlight crucial progressive industry trends in the MEA Catalyst Fertilizers market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the Catalyst Fertilizers market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution