Phosphate Market is Projected to grow at a CAGR of 1.9% from 2016 to 2021

“Global phosphate market projected to register a CAGR of 1.9%”

The global phosphate market is projected to reach USD 75.17 billion by 2021, at a CAGR of 1.9% from 2016 to 2021. The growth is primarily due to the increasing population coupled with the increasing demand for food, which is exerting pressure on increasing agricultural productivity. The factors restraining the growth of this market are, stringent regulations for the use of phosphate in detergents.

 

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“Ammonium phosphate to be the largest type/derivative in the global phosphate market”

The market for ammonium phosphate is projected to be the largest by type/derivative in the global phosphate market from 2016 to 2021. Ammonium phosphate has the highest demand due to its increasing use in producing fertilizers, as, it is a vital element for the growth and development of plants. Moreover, the rising demand from the other applications such as foods & beverages, water treatment, cements and others is fueling the growth of ammonium phosphate in the global phosphate market.

 

“Fertilizers to be the largest application of the phosphate market during the forecast period”

Fertilizers are expected to be the largest application of the global phosphate market from 2016 to 2021. The need for increase in agricultural production exerts pressure on farmers, which results in an increase in the consumption of fertilizers for the increase in the yield of crops, which in turn is driving the global phosphate market.

 

“Asia-Pacific to be the largest and the fastest growing phosphate market during the forecast period”

The Asia-Pacific region is the largest phosphate market. The increasing population and rising per capita intake of food exerts pressure on increasing agricultural output. The area under cultivation cannot be increased due to a decrease in arable land. Thus, the rising application of fertilizers in agriculture is essential to cater to the demands of the increasing population, thereby driving the demand for phosphate in the region.

 

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Breakdown of profiles of primary interviews for the report

  • By Company Type – Tier 1 – 30%, Tier 2 –43%, and Tier 3 – 27%
  • By Designation – C Level – 21%, Director Level – 23%, and Others – 56%
  • By Region – North America – 37%, Europe – 23%, Asia-Pacific – 26%, and RoW – 14%

 

Some of the key companies profiled in this report are The Mosaic Company (U.S.), S.A. OCP (Morocco), PJSC PhosAgro AG (Russia), EuroChem (Russia), and Agrium Inc. (Canada), Potash Corporation of Saskatchewan Inc. (Canada), Saudi Arabian Mining Company (MA’ADEN) (Saudi Arabia), Innophos Holdings, Inc. (U.S.), Israel Chemicals Ltd (Israel), and Jordan Phosphate Mines Company (Jordan), among others.

 

Related Report:

 

Global Zinc Phosphate Industry Market Research Report

The Zinc Phosphate market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Zinc Phosphate industrial chain, this report mainly elaborate the definition, types, applications and major players of Zinc Phosphate market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Zinc Phosphate market.

Read More: https://watchersofmarkets.com/products/global-zinc-phosphate-industry-market-research-report

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