Phosphate Market Overview:
Phosphate Market is expected to reach USD 82.11 Billion at the end of the forecasted period and is expected to grow at CAGR of more than 2.8% from 2018 to 2023.
Phosphates are inorganic minerals mined from the deposits of clay. Phosphates are generally used as compounds of phosphate ions combined with elements such as potassium, ammonium, calcium, sodium, rubidium, and others. The ammonium phosphate segment accounted for the majority share of the global phosphates market in 2017 due to its increasing use in manufacturing fertilizers.
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Phosphate Market Key Players:
OCP S.A., Mosaic Co, Agrium Inc, Eurochem, Kazphosphate LLC, OJSC Phosagro AG, Prayon S.A, Solvay-Rohdia, Vale S.A., Akron OAO among others are some of the prominent players at the forefront of competition in the Global Phosphate Market that are profiled in MRFR Analysis.
Phosphate Market Regional Analysis:
Geographically, Asia Pacific region accounted largest market share in the Global Phosphate market and expected to dominate during the forecast period due growing animal feed, food and chemical in the region. China being largest consumer, manufacturer and exporter of phosphate. India accounted second largest market share by value and volume in Asia Pacific region, and expected to grow with highest annual growth rate due to growing government initiative for quality animal feed in the countries and growing food demand in the due to rising population. In addition to this, North America & Europe have witnessed incremental growth in phosphate market.
Phosphate Market Segmentation:
Based on type, the market has been segmented into ammonium, calcium, phosphoric acid, potassium, rubidium, sodium, and others.
Based on application, the market has been segmented into fertilizers, food & beverage, detergents, water treatment chemicals, metal treatment, cosmetics and personal care, pharmaceuticals, building and construction, and others.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Phosphate Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Phosphate Market
Phosphate Market Table of Content to be Continue….,
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Phosphate Market Overview: