Phosphate Market is expected to reach USD 77.12 billion by 2025, from USD 68.38 billion in 2017 growing at a CAGR of 2.1% during the forecast period of 2018 to 2025 (Updated values are listed in sample report).
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Some of the major players operating in the global phosphate market are –
- The Mosaic Company
- A. OCP
- Potash Corporation of Saskatchewan Inc.
- Agrium Inc.
- Innophos Holdings, Inc.
- Israel Chemical Ltd. (ICL)
- Jordan Phosphate Mines Company PLC.
- PJSC Phosagro AG
Others: Saudi Arabian Mining Company, Solvay-Rohdia, Valle S.A., Yuntianhua Group Co., Ltd., Prayon S.A., Kazphosphate LLC, Chemische Fabrik Budenheim, Yara International ASA, Wengfu Group, Anglo American, Incitec Pivot Limited, Dusolo Fertilizers, Fertoz Agriculture Pty Ltd, Koch Fertilizer LLC, Mississippi Phosphates Corporation, Phosphate Australia, and many more. The global phosphate market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of phosphate market for global, Europe, North America, Asia Pacific and South America.
Phosphorus is vital for high value crops, with increase in population the consumption of fruits and vegetables is growing day by day.
- According to The Mosaic Company, in 2016, phosphorus demand reached a record of 67 million tonnes due to increased use in china for applications in fruits and vegetables.
- Due to increasing demand for phosphorous in countries like China, India, the demand for phosphorus will grow in the near future.
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- The global phosphate market is segmented based on type, type of resource, application, and geographical segments.
- Based on type, the global phosphate market is segmented into
- Ammonium Phosphate
- Calcium Phosphate
- Phosphoric Acid
- Potassium Phosphate
- Sodium Tripolyphosphate, And Others
- On the basis of type of resource, the global phosphate market is classified into
- Sedimentary Marine Deposits
- Igneous & Weathered
- Biogenic, And Others
- On the basis of application, the global phosphate market is classified into
- Food & Beverage
- Water Treatment Chemicals
- Metal Finishing, And Others
- Based on geography, the global phosphate market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Major market drivers and restraints:
- Increased crop production
- Low availability of arable land
- Increased meat consumption driving the demand for animal feed
- Demand for water treatment chemicals
- Falling supply of phosphate
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