Global phosphate market
size is evaluated as $69,326m in 2018 in a newly compiled business intelligence
report by IndustryARC. As quoted by the analyst of the report, “Increasing global population with exceptional stride is
constructing demand for rapid agricultural production, hence food
security is the foremost element eventually impelling phosphate market size, as
majority of its production is absorbed by fertilizer manufacturing in the
blooming and compulsory agricultural sector.” Apart from agriculture, rampant demand from
various end-user verticals such as carbonated beverages, meat-protein,
toothpaste, leavening agents, cleansing agent, insecticides, metal coatings,
and water softeners is developing the market size at a global CAGR of 1.95%
during the forecast period 2019-2025.
The report is titled,
“Phosphate Market: By Application (Fertilizers, Feed and Food Additives,
Industrial, Chemicals) & By Geography (Europe, Asia Pacific, North America,
RoW) & Geography – Forecast (2019 - 2025).” The report presents a detailed
analysis of the competitive landscape, taking into account the market shares of
the leading companies. All the commercial aspects of the phosphate market
stretching from its end-users verticals, applications insights and regional
revenue pockets to an imperative competitive landscape and pricing conditions
are covered. An unbiased topography is maintained throughout the report by the
analyst via inclusion of challenging aspects pertaining to each segment
assisted by effective solutions.
Flourishing Agricultural
Sector in APAC Influencing Phosphate Demand:
After an acute analysis
by the analyst, APAC is stated to be the most lucrative marketplace for
phosphate, with 45% of the global phosphate market demand originating from this
region in 2018. The sheer affluence of APAC is attributable to Indian and
Chinese agricultural sectors; major application sector for fertilizers. In
2018, India was the leading country with 27.5% of world imports for natural
calcium phosphates and natural aluminum calcium phosphates.
Analyzing the application segment and growth in various end-user verticals, fertilizer segment is estimated as the fastest growing segment, progressing with an application CAGR of 2.10% by 2025. Beside nitrogen, phosphate nutrient fertilizer demand is estimated to be 45,858 tons by 2020, securing the spot for the second most necessary fertilizer conctituent, according to the Food and Agriculture Organization of the United Nations. Therefore, with increasing demand for phosphate constituent fertilizer, this segment is anticipated to maintain its apex position among several end-user verticals including feed and food additives, and chemicals.
Phosphate Market Growth
Drivers and Trends:
· Global phosphate market
have novel entrants in its application segment which is increasing
the demand of phosphate. For instance, calcium phosphate derived from phosphate rocks are being
applied in manufacturing nutritional supplements for animals. Hence, the
flourishing animal feed
additive market and cattle feed
market attending the global
demand for animal-based protein is a driving force adding impetus to global
phosphate market size.
· Governmental subsidy on
phosphate fertilizer is boosting the demand of phosphate. For instance, tracing the requisite application of phosphate for efficient agricultural production, Government of India passed Fertilizer
Control Order (FCO) under Essential Commodities Act (EC Act) in 1957 to control
sale, pricing and quality of fertilizers.
Phosphate Market-
Competitive Landscape:
Some of the key players
operating in the global phosphate market are CF Industries holdings Inc., The
Mosaic Company, S.A. OCP, PJSC PhosAgro AG, EuroChem, Agrium Inc., Potash
Corporation, Saudi Arabian Mining Company, Innophos Holdings, Inc., Israel
Chemicals Ltd., and Jordan Phosphate Mines Company.
Talk to one of our sales
representative about the full report by providing your details in the link
below:
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Related Reports:
A.
Phosphate Rock Market
https://www.industryarc.com/Report/16086/phosphate-rock-market.html
B.
Phosphate Fertilizers Market
https://www.industryarc.com/Report/16270/styrene-market.html
C.
Phosphate Ester Market
https://www.industryarc.com/Report/16084/phosphate-ester-market.html
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare