Phosphate Market Global Information: by Type (Ammonium, Calcium, Phosphoric Acid, Potassium, Sodium, and Others), Application (Fertilizers, Food & Beverage, Detergents, Water Treatment Chemicals, Metal Treatment, & Others) and Region Forecast till 2030

Phosphate Market Overview

The global phosphate market size is likely to undergo an excellent global expansion during the ongoing forecast period of 2021-2028. During the forecast period, the phosphate market is likely to witness a higher growth CAGR of 5.89%. The market is projected to be valued at a global value worth USD 112.15 million.

The deposits of clay that are a part of the phosphate market size when mined produce inorganic minerals which are known as phosphates. For the combination of chemicals and elements like sodium, rubidium, calcium, ammonium, potassium, and various other elements alongside the compounds of phosphate ions, the resulting phosphates are used. The largest market share, as per the phosphate market trends is likely to ve held by the ammonium phosphates owing to increasing demand for the same by the manufacturing industries.

COVID 19 Analysis

The global phosphate market share has been affected due to the outbreak of the novel coronavirus pandemic during the ongoing forecast period for the market. The restrictions and healthcare issues and emergencies have forced the people to either shut their businesses or face the losses that have occurred in the market functioning on a global scale. The lockdown situation has hampered the ability of the manufacturing units that are resulting in a reduction in the sales revenue recorded in 2020 worldwide. The lack of resources, investment, and skilled labor is also hampering the production and manufacturing ability of the market which is nothing less than a testing time for the market during the forecast period of 2021-2028.

However, the predictions highlight the global phosphate market will be recovering during the forecast period as the global market players are strategizing their functions and manufacturing processes which are helping to meet the rising needs of the target audience during the forecast period. Also, the third quarter of 2021 is likely to be the most fortunate for the global market. The rising investments are expected to help the market with enhancing its ability to add innovation and creativity to the market’s product portfolio.

Competitive Landscape

The competition of the phosphate market is rising because of the following global companies:

• Nutrien Ltd. (Canada)


• Jordan Phosphate Mines Company PLC (Jordan)


• Innophos Holdings, Inc. (US)


• PhosAgro (Russia)


• ICL (Israel)


• EuroChem (Switzerland)

Market Dynamics

Drivers

The phosphate market trends are witnessing an increase due to the expansion of the agriculture sector across the globe results. Also, the high demand for the phosphate market in the global market is giving rise to market trends and global investments. Moreover, there has been an increase in health awareness and physical fitness concerns among the target consumers that will boost the demand for nutritious food products. The emergence of this fact directly results in the growth of the phosphate market during the forecast period. The low availability of arable land and the increased levels of crop production are further, helping the market to gain a major market momentum during the forecast period.

Restraints

The growing demand for phosphate market share is increasing rapidly in the global market. However, the emergence of some factors might restraint the growth of the phosphate market during the forecast period that will be ending in 2028. The fertilizers that are made from phosphates are known to have an inevitable increase in cost and hence the increasing prices of market fertilizer which are not likely to be afforded by all customers and hence, will restraint the market growth of the phosphate market during the ongoing forecast period based on the predictions that have been laid for the market period.

Technology Analysis

The growing demand for the phosphate industry is predicted to be increasing many folds in the global market during the ongoing forecast period. The main reason behind this hyped growth is due to various benefits offered associated and hence, adds value to global society at the end. Also, there has been a substantial increase in the demand for phosphate content in the market end-use industries like agriculture, alongside the beverages and food sector that will lead to flourishing the phosphate market. Phosphate is recognized for its richness in nutrients which is essential for the human body and helps in maintaining a healthy life. Also, the elaborated use of phosphate content increases the shelf life of products which is fueling the global demand for the phosphate market size.

Study Objectives

• The assessments and interests of the key market players, industry specialists, and pioneers have discussed that aids in foreseeing the normal CAGR development and market valuation before the finish of the global forecast period in 2028.


• To talk about the market elements and the market segments alongside their exhibition in significant geographies of the world. This will help in understanding the income models of the different market segments that amount to the absolute anticipated incentive for the determined forecast period.


• To break down the exhibition of the major and able market players of the world and draw a competitive graph amongst them that is dependent on their new advancements as commitments for the market development.

Segment Overview

The phosphate market is functioning in various global locations and different forms and segments. Based on the distribution of demand, rising need for the market products and services, the availability of raw materials and market resources, the location of the target audience, and much more. The segmentations are:

Based on the Type

The phosphate market has been divided based on the market type and includes potassium, sodium, rubidium, phosphoric acid, calcium, and many others like ammonium.

Based on the Application

The phosphate market in the global premises has been divided based on the application into building and construction industry, pharmaceuticals industry, cosmetics, and personal care industry, metal treatment industry, along with others like water treatment chemicals industry, detergents industry, food & beverages industry, fertilizers industry, amongst others.

Based on the Global Region

The phosphate market has been divided based on the global market region like the Latin American region, the Asian Pacific region, the North American region, the European region, alongside the Middle East and African region.

Regional Analysis

The phosphate market trends suggest that the APAC region is likely to emerge as the fastest and the largest-growing region during the ongoing forecast period of 2021-2028. The main reason behind this is the presence of various emerging countries in the region with growing populations like India and China. This is the most prevalent reason for the APAC region to dominate the global market operations during the forecast period ending in 2028. The increasing degree of investment in agricultural products and crop production is another majorly contributing factor that will be driving the market demand for phosphate market products in the Asia-Pacific region.

Recent Developments

• September 2021- Kropz PLC, the phosphate company, announced that it has settled on a convertible equity facility of up to 200 million rands, i.e., around USD13.2 million, with its key shareholder to finance the Elandsfontein phosphate project in South Africa. The company stated that the credit line is adaptable at a price of over 4.51 pence a share. Kopz projected an investment shortfall of approximately USD8.5 million corresponding to the commissioning and ramp-up of Elandsfontein prior to the achievement of the first quarter of 2022.

• October 2021- Itafos Inc., a phosphate and specialty fertilizer company, disclosed its decision to revive the sulfuric acid plant at Arraias. The recommissioning of the plant is anticipated to be done within a four-month timeframe to initiate sulfuric acid sales during Q1 2022. The sulfuric acid plant at Arraias’ has a capacity of over 220kt per year. The sulfuric acid plant and the rest of the infrastructure linked with Arraias’ vertically integrated phosphate fertilizer business have been dismissed since Q4 2019. The rest of the Arraias’ strategic infrastructure, including its granulation plant, acidulation plant, beneficiation plant, and mine, are predicted to stay idled following best practices.

• During 2018, the Asia-Pacific region accounts for higher market value in the phosphate market in the global market owing to higher sales revenue and hence continuous to dominate in the global market.

• Recently, a steep growth has been observed in the cattle feed market and animal feed additive market owing to increasing demand for animal-based proteins to complete the daily requirement of protein and other vital nutrients in the body.

• Innophos Holdings, Inc. (US) is spending a huge amount of funds as investment in the research and development sector for expansion and innovation purposes. This investment in research and development will help the company to get an upper edge in the global market from its fellow competitors.

Intended Audience

• Agricultural and manufacturing units


• Raw material and resource traders, suppliers, and dealers


• Government sector


• Potential market investors


• Importers and export companies


• Phosphate material traders, producers, and wholesalers

Report Overview

The global phosphate market report conducts a deep market analysis of the functioning of the market followed by the rising factors that will create situations of both growths and declined demand during the forecast period. The market report highlights the basis and functioning of the global market segments in various global locations. The report also helps in drawing a competitive market graph based on the functioning and expansion opportunities undertaken by the market players in the global market premises.

Report Scope:

Report Attribute/Metric	Details
Market Size	2030: Significant Value
CAGR	Substantial Value
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application and End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Mosaic Company (US), A. OCP (Morocco), Nutrien Ltd. (Canada), EuroChem (Switzerland), Innophos Holdings, Inc. (US), ICL (Israel), Jordan Phosphate Mines Company PLC (Jordan), PhosAgro (Russia), Maaden-Saudi Arabian Mining Company (Saudi Arabia), Avantor Performance Material, LLC (US)
Key Market Opportunities	increasing demand for dairy products, eggs, meats, bottled coffee beverages, carbonated soft drinks increasing demand for packaged food
Key Market Drivers	increasing expansion of the agriculture sector all across the globe increasing health awareness and physical fitness concerns among consumers

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