Phosphate Market Overview:
Phosphate Market is expected to reach USD 82.11 Bn at the end of the forecasted period and is expected to grow at CAGR of more than 2.8% from 2018 to 2023.
Phosphate is majorly utilized in fertilizers, detergents, food industry, water treatment chemicals, and many others. Phosphate rock it is the result of phosphoric acid transformation: DAP (most commonly used binary fertilizer), TSP (full phosphate fertilizer), MAP (binary fertilizer consisting of two fertilizing agents: phosphorus and nitrogen) and NPK (ternary fertilizer made of three elements: phosphorus, nitrogen and potassium). In-addition globally, fertilizer demand for phosphate is therefore the main driver for phosphate rock production as there is no other substitutes for the application of phosphates in the field.
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Phosphate Market Key Players:
Most notable players the global phosphate market as per MRFR report are,
• EuroChem (Switzerland)
• the Mosaic Company (US)
• S.A OCP (Morocco)
• Jordan Phosphate Mines Company PLC (Jordan)
• Nutrien Ltd. (Canada)
• Innophos Holdings, Inc. (US)
• ICL (Israel)
• Maaden-Saudi Arabian Mining Company (Saudi Arabia)
• PhosAgro (Russia)
• Avantor Performance Materials, LLC (US)
Phosphate Market Regional Analysis:
The market in Asia-Pacific accounted for the largest share of the phosphates market in 2018 and is expected to continue its dominance during the forecast period. This growth can be attributed to the increasing investments in crop production and other agricultural products coupled with the rising population. For instance, the total grain production in 2017–18 was 275.68 Million Tons in India. Additionally, the Government of India has introduced several schemes such as Per Drop More Crop, which aims to irrigate the fields of every farmer and improve water use efficiency.
North America is another prominent market for phosphates because of the surging demand for packaged food and beverages. Product consumption is increasing in beverages due to the rising demand for health and energy drinks. Moreover, the growing use of phosphates in the agricultural industry especially in the US is propelling market growth.
The European market is also expected to grow in the coming years with increasing agricultural production especially in France, Germany, and Poland. Moreover, the growing soap and detergent industry because of increasing demand for household cleaning products is expected to fuel the demand for phosphates.
Phosphate Market Segmentation:
Based on type, the market has been segmented into ammonium, calcium, phosphoric acid, potassium, rubidium, sodium, and others.
Based on application, the market has been segmented into fertilizers, food & beverage, detergents, water treatment chemicals, metal treatment, cosmetics and personal care, pharmaceuticals, building and construction, and others.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Phosphate Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Phosphate Market
Phosphate Market Table of Content to be Continue….,
Phosphate Market List of Table:
Table 1 World Population: In Major Regions (2016–2030)
Table 2 Global Phosphate Market, By Region, 2016–2023
Table 3 North America: Phosphate Market, By Country, 2016–2023
Table 4 Europe: Phosphate Market, By Country, 2016–2023
Table 5 Asia-Pacific: Phosphate Market, By Country, 2016–2023
Phosphate Market List of Table to be Continue….,
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