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1082985

Global Phosphate Market - 2022-2029

Published: | DataM Intelligence | 208 Pages | Delivery time: 2 business days

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Global Phosphate Market - 2022-2029
Published: June 3, 2022
DataM Intelligence
Content info: 208 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

The global phosphate market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

The phosphorus is contained in phosphate, a charged particle (ion). Phosphorus is required by the body to develop and repair bones and teeth and aid nerve activity and muscle contraction. Most phosphorus in phosphate is found in bones (nearly 85 percent). The remainder is stored in tissues all across the body. The kidneys aid in the regulation of phosphate levels in the blood. Extra phosphate is filtered out of the kidneys and excreted in the urine. Kidney disease is frequently the source of a high phosphate level in the blood.

According to United Nations ' Food and Agriculture Organization (FAO), total fertilizer nutrient demand is expected to reach 201.66 million tonnes by 2020, according to United Nations' Food and Agriculture Organization (FAO). Phosphate nutrient fertilizer demand is anticipated to reach 45,858 tonnes, making it the second most demanded fertilizer nutrient after nitrogen. Phosphate is a chemical derivative of phosphoric acid and the fertilizer manufacturing businesses in the booming agriculture sector absorb most of its global production. The phosphate market benefited from several industrial application prospects due to flexibility, softness, crack resistance and water resistance.

Market Dynamics

Over the projection period, rising fertilizer demand is expected to drive up demand for phosphate rock. The demand for grains and cereals is likely to rise in the future years as the world population grows and the food industry expands. However, pollution caused by phosphate overfertilization is projected to limit market expansion.

Rising demand for phosphates from various end-use industries

Owing to its flexibility, softness, crack resistance and water resistance, phosphate has various industrial applications, including carbonated beverages, animal protein, toothpaste, leavening agents, washing agents, pesticides, metal coatings and water softeners. Food security is a crucial worry impacting the phosphate market growth due to the growing worldwide population, driving the demand for rapid agricultural productivity.

As the worldwide area of arable lands diminishes year after year, massive fertilizer application is the only way to balance global agricultural supply with emerging demand. According to the FAO, animal husbandry accounts for about 40% of the worldwide agricultural economy. Apart from a thriving fertilizer business, increased global meat consumption boosts the phosphate market, adding to meat protein.

Increasing demand for phosphates from the agricultural sector

The rise of the agriculture sector worldwide has increased phosphate market trends. Furthermore, market trends and global investments are being influenced by the growing demand for phosphate in the global market. Furthermore, there has been a growth in health awareness and physical fitness concerns among the target consumers, which will raise the demand for healthy food products.

During the forecast period, the appearance of the fact immediately results in the expansion of the phosphate market. Low availability of arable land and increased crop production levels are also assisting the market in gaining significant market momentum throughout the predicted period.

Pollution and overfertilization

Phosphate fertilizer overfertilization is a big and widespread issue. Many gardeners wrongly apply phosphate fertilizers to phosphorus-deficient soils, although nitrogen deficits are a considerably more familiar source of nutrient deficiency symptoms in plants. In many circumstances, an excess of phosphorus in the soil not only fails to cure the nutrient deficiency problem but can also exacerbate it by inducing leaf chlorosis and killing soil-dwelling beneficial microbes.

Another significant drawback of phosphate fertilizers is the increased risk of water pollution. Phosphorus that enters the soil via phosphate fertilizers and becomes securely bound to soil particles is unlikely to escape. Excess phosphorus can readily find its way into water systems via storm drains and plumbing if too much phosphate fertilizer is applied to the soil.

COVID-19 Impact Analysis

The new coronavirus pandemic has impacted the worldwide phosphate market share during the forecast period. Due to limits, healthcare difficulties and emergencies, people have been compelled to close their enterprises or suffer losses in the worldwide market

The lockdown affected the manufacturing units' ability to operate, resulting in a decrease in sales revenue in 2020 globally. The market's production and manufacturing capabilities are also being hampered by a lack of resources, investment and skilled labor, which is nothing short of a test phase for the industry over the projected period. The market is likely to benefit from the increased investments.

Segment Analysis

By application, the phosphate market is segmented into fertilizers, food & beverages, detergents, water treatment chemicals, metal finishing and others.

Stringent regulations regarding fertilizers to make the dominant application type

The segment is expected to rise in the coming years due to increased demand from the agriculture industry due to the world's growing population. According to the Food and Agriculture Organization, global demand for phosphorous as P2O5 in fertilizers is expected to rise to 49 million tonnes in 2020, up from 45 million tonnes in 2018.

Meat and dairy products are the most important protein sources for feeding the world's ever-increasing population. The processed phosphoric acid and limestone are mixed in a high-speed mixer to produce a homogeneous product, subsequently dried and packaged for end-users. Monocalcium phosphate (MCP), dicalcium phosphate (DCP) and other feed phosphates are the most common. Phosphate feeds are more nutritious as it provides bone strength and fertility in animals.

Climate change, natural disasters and decreased land fertility threats to soil-based farming. Hydroponics, which includes growing plants in nutrient solutions, can be advantageous in such situations. In the coming years, countries such as Canada, U.S., France, UK, Israel, Netherlands and France are likely to offer chances in hydroponics.

Geographical Analysis

The rapidly growing agricultural industry in Asia-Pacific

Asia-Pacific is the most profitable, with strong phosphate demand from India and China, with large agriculture economies. The uptake of food and beverage, pharmaceuticals, fertilizers and personal care items have increased throughout Asia-Pacific due to the rising population and rapid industrialization in China and India. Because phosphate is used in all of the above verticals, Asia-Pacific accounted for over half of worldwide phosphate consumption in 2018. In Asia-Pacific, agricultural fertilizers are the primary source of phosphate demand.

According to the Fertiliser Association of India (FAI), the modern Indian agriculture sector provided roughly 17% of India's GDP in 2018. Furthermore, as per the Organization for Economic Co-operation and Development, China is home to 21% of the world's population and 9% of all arable land. As a result, phosphate imports dominate the market in Asia-Pacific, where agriculture is a key component of the economy.

With 27.5 percent of global imports of natural calcium phosphates and natural aluminum calcium phosphates in 2018, India was the leading region. Due to the hospitality, laundry and textile industries, increased detergent usage could drive up product demand in the region. Phosphate rock demand is mostly determined by population growth, government efforts, prices and production in Asia-Pacific.

Competitive Landscape

The worldwide phosphate market's major players are concentrating on growing their production capacity by establishing new production units, particularly in emerging markets. They're also concentrating on smart mergers and acquisitions to boost their market presence and annual turnover. For example, in January 2019, the mosaic company received 404 permission from U.S. Army Corps of Engineers for its Ona Phosphates mine project in Hardee County, Florida, which secured 160.2 million tonnes of phosphate rock for the future mining.

Major global phosphate market companies include The Mosaic Company, S.A. OCP, Potash Corporation of Saskatchewan Inc., Agrium Inc., Eurochem, Innophos Holdings, Inc., Israel Chemical Ltd. (ICL), Jordan Phosphate Mines Company PLC., PJSC Phosagro AG and Saudi Arabian Mining Company.

The Mosaic Company

Overview: The Mosaic Company is the world's largest integrated concentrated phosphate and potash manufacturer, two of agriculture's three most critical nutrients. More than 13,000 people work for it in six countries, serving farmers worldwide. Mosaic mines manufacture and distribute millions of high-quality potash and phosphates every year.

The company has a global distribution network that includes port terminals, warehouses and blending plants in Brazil, Paraguay, China and India and in the main growing regions of South America and Asia. Its distribution operations service the world's top four nutrient-consumption countries: China, India, U.S. and Brazil.

Product Portfolio: Ammonia and phosphoric acid are combined to make a solid, granulated fertilizer for the company's commodity phosphate products. Traditional spreading equipment can apply mosaic MAP and DAP straight to the soil. Sus-TerraTM fertilizer, developed in collaboration with Anuvia, is a phosphate fertilizer enhanced with recycled organic materials to promote the long-term health of the soil, allowing you to fulfill today's fertility needs while assuring the sustainability of tomorrow's harvests, business and planet.

Key Development: The Mosaic Company stated in June 2019 that its idled Plant City phosphates production facility in Hillsborough County, Florida, would be closed. Over the next several years, the small Mosaic employees responsible for care and maintenance will remain on-site to manage closing and compliance duties. Plant City, which has been in operation since 1975, generated roughly 1.3 million tonnes of finished phosphates in 2017, its final year of operation.

Why Purchase the Report?

Visualize the composition of the phosphate market segmentation by type, application, resource and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in the phosphate market by analyzing trends and co-development deals.

Excel data sheet with thousands of phosphate market-level 4/5 segmentation points.

Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global phosphate market report would provide access to an approx. 61 market data table, 59 figures and 208 pages.

Target Audience 2022

Phosphate Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Emerging Companies

Phosphate Manufacturers

Product Code: DMMM5423

Table of Contents

1. Global Phosphate Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Phosphate Market - Market Definition and Overview

3. Global Phosphate Market - Executive Summary

  • 3.1. Market Snippet By Type
  • 3.2. Market Snippet By Application
  • 3.3. Market Snippet By Resource
  • 3.4. Market Snippet By Region

4. Global Phosphate Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising demand for phosphates from various end-use industries
      • 4.1.1.2. Increasing demand for phosphates from agricultural sector industries
    • 4.1.2. Restraints
      • 4.1.2.1. Pollution and overfertilization
      • 4.1.2.2. XX
    • 4.1.3. Opportunity
      • 4.1.3.1. XX
    • 4.1.4. Impact Analysis

5. Global Phosphate Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Phosphate Market - COVID-19 Analysis

  • 6.1. Analysis of COVID-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Phosphate Market - By Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 7.1.2. Market Attractiveness Index, By Type
  • 7.2. Ammonium Phosphate*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Calcium Phosphate
  • 7.4. Phosphoric Acid
  • 7.5. Potassium Phosphate
  • 7.6. Sodium Tripolyphosphate
  • 7.7. Others

8. Global Phosphate Market - By Application

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 8.1.2. Market Attractiveness Index, By Application
  • 8.2. Fertilizers*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Food & Beverages
  • 8.4. Detergents
  • 8.5. Water Treatment Chemicals
  • 8.6. Metal Finishing
  • 8.7. Others

9. Global Phosphate Market - By Resource

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resource
    • 9.1.2. Market Attractiveness Index, By Resource
  • 9.2. Sedimentary Marine Deposits*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Igneous & Weathered
  • 9.4. Biogenic
  • 9.5. Others

10. Global Phosphate Market - By Region

  • 10.1. Introduction
  • 10.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 10.3. Market Attractiveness Index, By Region
  • 10.4. North America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resource
    • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. U.S.
      • 10.4.6.2. Canada
      • 10.4.6.3. Mexico
  • 10.5. Europe
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resource
    • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. Germany
      • 10.5.6.2. UK
      • 10.5.6.3. France
      • 10.5.6.4. Italy
      • 10.5.6.5. Spain
      • 10.5.6.6. Rest of Europe
  • 10.6. South America
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resource
    • 10.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.6.6.1. Brazil
      • 10.6.6.2. Argentina
      • 10.6.6.3. Rest of South America
  • 10.7. Asia-Pacific
    • 10.7.1. Introduction
    • 10.7.2. Key Region-Specific Dynamics
    • 10.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resource
    • 10.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.7.6.1. China
      • 10.7.6.2. India
      • 10.7.6.3. Japan
      • 10.7.6.4. Australia
      • 10.7.6.5. Rest of Asia-Pacific
  • 10.8. The Middle East and Africa
    • 10.8.1. Introduction
    • 10.8.2. Key Region-Specific Dynamics
    • 10.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 10.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resource

11. Global Phosphate Market - Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Global Phosphate Market - Company Profiles

  • 12.1. The Mosaic Company
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. S.A. OCP
  • 12.3. Potash Corporation of Saskatchewan Inc.
  • 12.4. Agrium Inc.
  • 12.5. Eurochem
  • 12.6. Innophos Holdings, Inc.
  • 12.7. Israel Chemical Ltd. (ICL)
  • 12.8. Jordan Phosphate Mines Company PLC.
  • 12.9. PJSC Phosagro AG
  • 12.10. Saudi Arabian Mining Company

LIST NOT EXHAUSTIVE

13. Global Phosphate Market - Premium Insights

14. Global Phosphate Market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us