Phosphates Market: Introduction
In terms of value, the global phosphates market is anticipated to expand at a CAGR of ~4% from 2019 to 2027. Phosphates are largely used for production of phosphate fertilizers and animal feed products across the globe. Asia Pacific dominated the global phosphates market in 2018. China is anticipated to be a leading exporter of phosphates across the globe during the forecast period. Ammonium phosphates and calcium phosphates are the most widely consumed phosphates in developed as well as developing regions, in fertilizers and animal feed, respectively. The demand for phosphates in the industrial sector is less compared to fertilizers and animal feed, owing to availability of a large number of substitutes.
Availability of Substitutes for Phosphates to Hamper Demand for Phosphates
High costs of phosphate salts, such as calcium phosphates and its derivatives, have led to increase in the usage of lower-cost substitutes such as phytase, which can be used as a means of controlling the overall animal feed cost. Furthermore, phytase can meet all functionalities of animal feed phosphates such as enhancing the digestive process, improving bone health, and promoting higher feed intake. Thus, phytase helps in the physical development of livestock and it is considered a major substitute for animal feed phosphates. A large number of substitutes are available for phosphate salts used in the industrial application. For instance, countries in Europe are planning to reduce the usage of sodium tripolyphosphate in detergents and switch to non-phosphate-based alternatives such as zeolite. Several alternatives for phosphates are available in the market. Phosphates perform a variety of functions. Alternative substances include chelating agents, surfactants, dispersant polymers, and enzymes. These provide the same functionality as that of phosphates. The availability of a large number of substitutes at a lower price is expected to hamper the demand for phosphates during the forecast period.
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Ammonium Phosphate to be Leading Product Type in Phosphates Market
In terms of product, the global phosphates market has been segmented into ammonium phosphate, calcium phosphate, potassium phosphate, sodium phosphate, magnesium phosphate, single super phosphate, triple super phosphate, iron phosphate, and others. Ammonium phosphate was a major product type segment of the global phosphates market, accounting for more than 70% of the market share in 2018. It was followed by the calcium phosphate segment. Ammonium phosphate is used as a phosphate fertilizer. Increase in agricultural activities in order to meet the food demand has propelled the demand for fertilizers. Phosphorus, along with nitrogen and potassium, is one of the three key nutrients that plants require and it the major ingredient of phosphate fertilizers. Maintaining proper levels of phosphorus helps a plant acquire and store energy as well as transfer it throughout the plant. Also, phosphorus promotes the development of roots, flowers, and fruits. For gardeners who care about early harvests, phosphorus helps promote early maturity. The ammonium phosphate segment is followed by the calcium phosphate segment. The calcium phosphate segment is expected to expand at a significant rate during the forecast period. Calcium phosphate is largely used to produce animal feed products. Calcium phosphate is an essential nutrient in animal diet. It ensures optimal growth of animals; improves gut functionality and fertility; and enables bone development. Increase in the demand for ready-to-eat meat products, owing to their high protein content is one of the key factors driving the global calcium phosphate market.
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Agriculture to be Dominant Application of Phosphates Market
Based on application, the global phosphates market has been segmented into building & construction, agriculture, animal feed, personal care, cleaners/detergents, food & beverages, pharmaceutical, and others. In terms of consumption, the agriculture segment held a major i.e. more than 70% share of the global phosphates market in 2018. This trend is anticipated to continue throughout the forecast period. The agriculture segment was followed by the animal feed segment, which accounted for more than 10% share of the global phosphate market, in terms of consumption, in 2018. Increase in the consumption of phosphate-based fertilizers and growing popularity of animal feed, especially in Asia Pacific, are major factors driving the demand for phosphates across the world.
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Asia Pacific to be Lucrative Region of Global Phosphates Market
In terms of consumption, Asia Pacific dominated the global phosphates market in 2018. The market in the region is likely to expand at a significant pace from 2019 to 2027. Increase in agricultural activities and rise in the demand for animal feed products are major factors anticipated to fuel the demand for phosphates in Asia Pacific during the forecast period. China and India are key countries of the phosphates market in Asia Pacific. In terms of revenue, China is projected to be an attractive market for phosphates in Asia Pacific during the forecast period, owing to abundance of phosphorus reserves, presence of manufacturers of low-cost products, significant exports, and technological superiority of China over other countries in the region
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Competition Landscape
The global phosphates market was fragmented in 2018, with the presence of a large number of global as well as local manufacturers. Major players operating in the market include The Mosaic Company, OCP, ICL, Nutrien Ltd., Prayon Group, JPMC, PhosAgro Group of Companies, and Eurochem. These companies have significant presence across the globe. Key manufacturers operating in the global phosphates market are The Mosaic Company, OCP, Israel Chemicals Ltd, Nutrien Ltd., Prayon Group, Jordan Phosphate Mines Company PSCL (JPMC), PhosAgro Group of Companies, Eurochem, Kazphosphate LLC, Maa’den, Sinochem Yunlong Co. Ltd., Yara International, Phosphea, Aditya Birla Chemicals (Thailand), Coromandel International Limited, Chemische Fabrik Budenheim KG, Aliphos, and Sichuan Blue Sword Chemical (Group) Co., Ltd.
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In a recent market intelligence outlook released by Future Market Insights, titled “Food Grade Phosphate Market: Global Industry Analysis and Opportunity Assessment 2017–2027,” the global market for Phosphates Food has been thoroughly assessed for a 10-year period, 2017-2027 – on the basis of the insights drawn for the historic assessment period, i.e.
2017-2027.Comprehensive assessment of global Phosphates Food marketThe research report has been prepared by seasoned market research analysts and comprises valuable information on the global food grade phosphates market that has been included with an objective to help industry participants arrive at important decisions regarding their strategic development.
As the industry landscape reflects a dynamically evolving market scenario, it becomes imperative for businesses to acquire the most actionable insights on the market to forge ahead and gain an edge over the competition.
With relevant statistics and data points, this part of the report helps infer the direction of market growth over the 10-year projection period.Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-894In-depth tracking of market opportunities and trends to stay ahead of the competitionThe next section of the report provides an extensive market opportunity assessment and recent trends analysis.
While this section focuses on the opportunities created by shifting consumer perceptions regarding healthy food products, it also includes a few other significant revenue generation opportunities that are expected to arise with fluctuating popularity of naturally sourced and synthetic food additives.
Based on the type, the report classifies market in seven segments.
The Global Feed Phosphates Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Feed phosphates are dietary supplements that contain inorganic minerals for animals.
Feed phosphates are used to meet the phosphate requirements in dairy and poultry practices for animals.
They are usually used as supplements to meet the calcium and phosphorus requirements in diet.There are different types of feed phosphates such as calcium phosphates, defluorinated phosphate, magnesium phosphates, sodium phosphates and few others that include ammonium phosphates.
Calcium phosphates are bifurcated in different forms such as dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, and tricalcium phosphate.
In poultry and dairy practices, they are utilized for various kinds of livestock such as swine, poultry, cattle, aqua animals, etc.
The Global Feed Phosphates Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
The Feed Phosphates market share and growth, trends estimated at the end of 2027 give a fair idea of the new opportunities coming up in the market.
The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Feed Phosphates Market @ https://www.decisiondatabases.com/contact/download-sample-169A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Feed Phosphates market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Feed Phosphates market with company profiles of key players such as:Ecophos S.A.EurochemSichuan Lomon CorporationThe Mosaic CompanyJ.R Simplot CompanyOcp GroupPhosagroPotash Corporation Of Saskatchewan Inc.Timab IndustriesYara InternationalMany OthersWant to add more Company Profiles to the Report?
