Phosphate Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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This study intends to unfurl the multiple facets of global phosphate market and thereby examine how the short-term growth of the market will unfold during the stipulated time span.

Phosphate Market Witnessed Significant Demand Growth with Mounting Consumption from Agriculture and Animal Feed Industries

The demand for phosphate in agriculture and animal feed has been on an upswing since the past decade and is expected to further grow in the coming years. Phosphate, along with nitrogen, is a crucial nutrient for plant growth. Phosphate facilitates improved photosynthesis, root growth, builds proteins, nucleic acid, and enzymes, strengthens stalks and stems, improves crop maturity, promotes crop uniformity, and enhances seed production by improving flower formation. These benefits have fuelled the use of phosphate in fertilizers used in agriculture. This factor coupled with increasing agricultural activities to meet increasing demand for food worldwide is expected to give an impetus to the use of phosphate based fertilizers, in turn aiding the growth of the phosphate market.

Additionally, the demand for phosphate in animal feed is also witnessing an increase. Food grade phosphate is an essential component in animal nutrition. It ensures optimal growth, enhances fertility and gut functioning, and enables improved development of bones. This aspect backed by increasing demand for meat proteins and ready-to-eat meat products is expected to complement the demand for the chemical compound, in turn contributing towards the value growth of the phosphate market.

Bone Regeneration to Prevail as a Major Growth Contributor for Global Phosphate Market

With technological advancements in the healthcare space, the development and use of biomaterials and research and development activities has been the net new. Bone regeneration is one such area in the healthcare domain that has been significantly researched upon. It has gained high traction with increasing experiments that use biomaterials in vivo and in vitro to obtain detailed knowhow regarding bone regeneration. Among several biomaterial types, investigation regarding use of calcium phosphate has been carried out owing to its presence in natural bone and its ability of bone regeneration. Calcium phosphate has been increasingly used in applications related to bone regeneration, given its osteoconductive properties. In addition, combination of calcium phosphate with several healing agents can enhance its efficacy in regenerating bones. This factor is likely to complement growth of the phosphate market in the coming years.

Ammonium Phosphate to Account for a Significant Revenue Share in Phosphate Market

The demand and use of ammonium phosphate has been on an upswing since the past couple of years and is expected to maintain status quo going forward. This can be attributed towards it s growing use in fertilizers and animal feed among other applications. Ammonium phosphate aids growth of roots by enhancing the level of nitrogen in the soil. Moreover, increasing production and use of MAP and DAP fertilizers is also complementing the sales of ammonium phosphate. In addition, its use as one of the key ingredients in chemical fire extinguisher is also expected to fuel the demand for ammonium phosphate. In this backdrop, increasing applications of ammonium phosphate continue to influence the growth of the phosphate market worldwide.  

Asia Pacific to Emerge as an Attractive Region in Global Phosphate Market

From a revenue standpoint, Asia Pacific is expected to account for a significant share in the phosphate market. This is mainly owing to increasing agricultural activities to meet rising demand for food coupled with increasing population pool in the region. In addition, increasing urbanization and high attractiveness of the region has resulted in an increased uptake of several industries including food and beverages, fertilizers, cosmetics, pharmaceuticals, animal feed and construction. Countries such as China and India are expected to remain major hubs with respect to use of phosphate backed by growing government support. Fertilizers used in agriculture have fuelled the demand of phosphate in the region owing to its functional benefits.

Moreover, according to FAI (Fertilizer association of India), agriculture significantly contributed towards the GDP of the country. On the other hand, China has approximately 21% of the global population with around 9% of global arable land, according to OECD (Organization for Economic Co-operation and Development). This has presented ample opportunities for the growth of the agriculture activities in these countries, making them a lucrative go-to-market for phosphates. Furthermore, in terms of government support, authorities are providing subsidies on phosphate fertilizers in the region. For instance, in 2022, the Indian Government gave an approval to provide subsidy of US$8 Bn (INR 609.4 billion) for phosphate based fertilizers. These factors are uplifting the demand for the compound, in turn making Asia Pacific a lucrative region for the market.

Phosphate Market: Competition Scenario

A few of the major companies operating in phosphate market include The Mosaic Company, JPMC, OCP, Nutrien Ltd., ICL, Eurochem, Phosphea, Prayon Group, Yara International, Maa’den, Chemische Fabrik Budenheim KG, Aditya Birla Chemicals, Kazphosphate LLC, PhosAgro Group of Companies, Sinochem Yunlong Co. Ltd., Agrium Inc., Innophos Holdings Inc., Jordan Phosphate Mines Company, Potash Corporation, Israel Chemicals Ltd., Saudi Arabian Mining Company, and Coromandel International Limited.

Regional Classification of the Global Phosphate Market is Described Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Phosphate Market

  • Phosphate Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2022
  • Volume Consumption at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Production Output Analysis (Major Producing Regions)
  • Key Trade Statistics (Import and Export)
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Phosphate Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                  2.2.1.1. Driver A
                  2.2.1.2. Driver B
                  2.2.1.3. Driver C
            2.2.2. Restraints
                  2.2.2.1. Restraint 1
                  2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-Covid and Post-Covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Government Regulations
     2.7. Impact of Russia-Ukraine Conflict on the Overall Phosphate Market
     2.8. Technology Landscape
     2.9. Economic Analysis
     2.10. PESTLE

3. Production Output and Trade Statistics, 2018-2022
     3.1. Regional Production Statistics
            3.1.1. North America
            3.1.2. Europe
            3.1.3. Asia Pacific
            3.1.4. Latin America
            3.1.5. Middle East & Africa
     3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2018 - 2030
     4.1. Key Highlights
     4.2. Prominent Factors Affecting Prices
     4.3. By Application
     4.4. By Region

5. Global Phosphate Market Outlook, 2018 - 2030
     5.1. Global Phosphate Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            5.1.1. Key Highlights
                  5.1.1.1. Fertilizers
                  5.1.1.2. Animal Feed
                  5.1.1.3. Phosphate Salts
                  5.1.1.4. Misc.
            5.1.2. BPS/Market Attractiveness Analysis
     5.2. Global Phosphate Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            5.2.1. Key Highlights
                  5.2.1.1. North America
                  5.2.1.2. Europe
                  5.2.1.3. Asia Pacific
                  5.2.1.4. Latin America
                  5.2.1.5. Middle East & Africa
            5.2.2. BPS/Market Attractiveness Analysis

6. North America Phosphate Market Outlook, 2018 - 2030
     6.1. North America Phosphate Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            6.1.1. Key Highlights
                  6.1.1.1. Fertilizers
                  6.1.1.2. Animal Feed
                  6.1.1.3. Phosphate Salts
                  6.1.1.4. Misc.
     6.2. North America Phosphate Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            6.2.1. Key Highlights
                  6.2.1.1. U.S.
                  6.2.1.2. Canada
            6.2.2. BPS/Market Attractiveness Analysis

7. Europe Phosphate Market Outlook, 2018 - 2030
     7.1. Europe Phosphate Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            7.1.1. Key Highlights
                  7.1.1.1. Fertilizers
                  7.1.1.2. Animal Feed
                  7.1.1.3. Phosphate Salts
                  7.1.1.4. Misc.
     7.2. Europe Phosphate Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            7.2.1. Key Highlights
                  7.2.1.1. Germany
                  7.2.1.2. France
                  7.2.1.3. Norway
                  7.2.1.4. Spain
                  7.2.1.5. Russia
                  7.2.1.6. Rest of Europe
            7.2.2. BPS/Market Attractiveness Analysis

8. Asia Pacific Phosphate Market Outlook, 2018 - 2030
     8.1. Asia Pacific Phosphate Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            8.1.1. Key Highlights
                  8.1.1.1. Fertilizers
                  8.1.1.2. Animal Feed
                  8.1.1.3. Phosphate Salts
                  8.1.1.4. Misc.
     8.2. Asia Pacific Phosphate Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            8.2.1. Key Highlights
                  8.2.1.1. China
                  8.2.1.2. India
                  8.2.1.3. Southeast Asia
                  8.2.1.4. Rest of Asia Pacific
            8.2.2. BPS/Market Attractiveness Analysis

9. Latin America Phosphate Market Outlook, 2018 - 2030
     9.1. Latin America Phosphate Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            9.1.1. Key Highlights
                  9.1.1.1. Fertilizers
                  9.1.1.2. Animal Feed
                  9.1.1.3. Phosphate Salts
                  9.1.1.4. Misc.
     9.2. Latin America Phosphate Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            9.2.1. Key Highlights
                  9.2.1.1. Brazil
                  9.2.1.2. Mexico
                  9.2.1.3. Peru
                  9.2.1.4. Rest of Latin America
            9.2.2. BPS/Market Attractiveness Analysis

10. Middle East & Africa Phosphate Market Outlook, 2018 - 2030
     10.1. Middle East & Africa Phosphate Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            10.1.1. Key Highlights
                  10.1.1.1. Fertilizers
                  10.1.1.2. Animal Feed
                  10.1.1.3. Phosphate Salts
                  10.1.1.4. Misc.
     10.2. Middle East & Africa Phosphate Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2030
            10.2.1. Key Highlights
                  10.2.1.1. GCC
                  10.2.1.2. Morocco
                  10.2.1.3. Jordan
                  10.2.1.4. Egypt
                  10.2.1.5. Rest of Middle East & Africa
            10.2.2. BPS/Market Attractiveness Analysis

11. Competitive Landscape
     11.1. Company Market Share Analysis, 2021
     11.2. Competitive Dashboard
     11.3. Company Profiles
            11.3.1. Nutrien Ltd.
                  11.3.1.1. Company Overview
                  11.3.1.2. Product Portfolio
                  11.3.1.3. Financial Overview
                  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            11.3.2. The Mosaic Company
            11.3.3. OCP Group
            11.3.4. ICL
            11.3.5. Yara International
            11.3.6. Haifa Chemicals Ltd.
            11.3.7. Eurochem
            11.3.8. Jordan Phosphate Mines Company Plc
            11.3.9. Agrium Inc.
            11.3.10. PJSC PhosAgro AG
            11.3.11. Yuntianhua Group
            11.3.12. Ma'aden
            11.3.13. Guizhou Kailin Holdings (Group) Co., Ltd.
            11.3.14. Hubei Xingfa Chemicals
            11.3.15. Wengfu Group

12. Appendix
     12.1. Research Methodology
     12.2. Report Assumptions
     12.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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