Market Research Report - 248322
South African and Moroccan Phosphate Chemical Reagents Market
|Published by||Frost & Sullivan|
|South African and Moroccan Phosphate Chemical Reagents Market|
|Published: August 7, 2012||Content info:||
This research service analyses the South African and Moroccan phosphate-based fertilizers' chemicals market. The three main chemical raw materials analysed in this study are ammonia, soda ash, and fatty acids. The market is mainly being driven by the increased demand for phosphate-based fertilizers through population increase and a bid to end the global food shortages. Another factor that drives the market growth is the fact that phosphates are essential for plant development and they have no substitutes. In the future, the demand for phosphate chemical reagents is expected to slow down, as the demand for environment-friendly fertilizers increases. The market is forecast to witness a CAGR of 10.1 percent from 2011 to 2016.