Fertilizer Catalyst Market Projected To Raise At USD 3.3 Billion By 2027
San Francisco, 1 April 2021: The Report Fertilizer Catalyst Market Size, Share & Trends Analysis Report By Product (Iron Based, Nickel Based), By Process (Haber-Bosch Process, Urea Production), By Region, And Segment Forecasts, 2021 - 2027 The global fertilizer catalyst market size is expected to reach USD 3.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.4% from 2021 to 2027. The market is expected to be driven by the growing application in the production of fertilizers and the need for improving process efficiencies. The demand for ammonia and hydrogen gas in the agricultural and industrial sectors is rising, thereby positively impacting the market growth. Moreover, favorable regulations and subsidies offered by the government have led to an increase in the adoption of catalysts. Nickel-based catalyst is the most significant product in the market space on account of its high efficiency. They are used in the O