Global phosphate market size was evaluated as $69,326m in 2018 and the market size at a global CAGR of 1.95% during the forecast period 2019-2025.
Hyderabad, India – September 3, 2019 —
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. The report covers Phosphate Market size by type and applications, Phosphate Market share by top 5 companies and also the market share by start-ups during the forecast period.
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Report Price (Single User): US $3850
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.
High use of phosphate in Food & Beverages (F&B) sector is elevating its application and influencing the market growth. Phosphate is applied as an added substance for preserving meat, augmenting the shelf life of products. This trend is capitalized by the F&B sector. Application of phosphate as thickening agent in confectionery has also uplifted the phosphate demand in food processing industry.
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.
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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.
A. Phosphate Rock Market
B. Phosphate Fertilizers Market
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