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The phosphate market share is expected to increase by USD 8.68 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.12%.
This phosphate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers phosphate market segmentation by application (fertilizer, animal feed supplement, and others) and geography (APAC, North America, Europe, South America, and MEA). The phosphate market report also offers information on several market vendors, including EuroChem Group AG, Innophos Holdings Inc., Israel Chemicals Ltd., Jordan Phosphate Mines Co. PLC, Nutrien Ltd., OCP SA, PhosAgro AG, Saudi Arabian Mining Co., Solvay SA, and The Mosaic Co. among others.
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The growing demand for phosphate fertilizers is notably driving the phosphate market growth, although factors such as health hazards associated with phosphate-based fertilizers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the phosphate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Phosphate Market Driver
The growing demand for phosphate fertilizers is one of the key drivers supporting the phosphate market share growth. Along with potassium and nitrogen, phosphorus is used extensively in agricultural and horticultural applications. Also, it is critical for seed formation and the growth of roots in plants. Simultaneously, the market offers different variants of phosphate fertilizers to rectify phosphorus deficiency in the soil. These fertilizers enrich the soil by providing the essential nutrients needed for plant growth. According to The World Bank Group, the value-added by agriculture, forestry, and fishing sectors across the world was estimated to be $2.233 trillion in 2008, which rose to $3.339 trillion in 2018. This increase in the value-added due to development in the agriculture sector will drive the demand for fertilizers and boost the use of phosphate fertilizers during the forecast period.
Key Phosphate Market Trend
The production of ammonium phosphate using green phosphoric acid is another factor supporting the phosphate market share growth. Green phosphoric acid is obtained by the purification of phosphoric acid, which involves pretreatment, purification, and concentration. In the solvent extraction process, tributyl phosphate (TBP) that is mixed with kerosene is used as an extractant. The process yields wet phosphoric acid. In recent years, the purification of wet phosphoric acid to produce food- or pharma-grade phosphoric acid has received significant importance. Green phosphoric acid contains 28%-54% of phosphoric acid. It is commonly used as a food-grade quality fertilizer in food and beverage applications. The rising production of green phosphoric acid because of its properties, such as high purity and effectiveness, will drive the global phosphate market during the forecast period.
Key Phosphate Market Challenge
Health hazards associated with phosphate-based fertilizers is hindering the phosphate market share growth. The over-use of phosphate fertilizers can lead to severe side effects. For instance, single superphosphate is an inorganic chemical with high (75%-95%) water solubility. The excess use of such fertilizers can contaminate groundwater and surface water resources. Meanwhile, an increase in the number of phosphate-based fertilizer production units has resulted in serious environmental problems due to the release of toxic contaminants into the air, water, and soil. The phosphate-based fertilizer industry has been recognized as one of the most polluting industries. Therefore, certain environmental hazards are associated with these fertilizers, which are likely to impede the growth of phosphate-based fertilizers during the forecast period.
This phosphate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the phosphate market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the phosphate market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the phosphate market encompasses successful business strategies deployed by the key vendors. The phosphate market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The phosphate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the phosphate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the commodity chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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44% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the phosphate market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Rapid population growth and the increased consumption of meat will facilitate the phosphate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 hampered the growth of the phosphate market in the region in 2020, especially from consumer and manufacturing end-user industries. Several countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines declared partial or complete lockdowns to contain the spread of the COVID-19 pandemic. However, in the first half of 2021, the region witnessed the lifting of lockdown restrictions and resumption of manufacturing activities in industries like agriculture, food processing, and others, which, in turn, will drive the growth of phosphate market in the region during the forecast period.
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The phosphate market share growth by the fertilizer segment will be significant during the forecast period. The demand for these fertilizers will increase significantly during the forecast period as they are highly water-soluble and dissolve rapidly in adequately moist soil. Once dissolved, they quickly release phosphorus and ammonium, which are crucial for plant health and growth. Globally, increasing agricultural activities will lead to a rise in the consumption of phosphate fertilizers during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the phosphate market size and actionable market insights on post COVID-19 impact on each segment.
Chromium Phosphate market - The market share is expected to increase by USD 37.32 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.1%.
Dicalcium Phosphate market - The market share should rise by USD 376.95 million from 2022 to 2026 at a CAGR of 5.57%.
Phosphate Fertilizers market - The market share is expected to increase by USD 4.76 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 1.95%.
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Phosphate Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.12% |
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Market growth 2022-2026 |
$ 8.68 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.00 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, India, Russian Federation, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
EuroChem Group AG, Innophos Holdings Inc., Israel Chemicals Ltd., Jordan Phosphate Mines Co. PLC, Nutrien Ltd., OCP SA, PhosAgro AG, Saudi Arabian Mining Co., Solvay SA, and The Mosaic Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent market
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Commodity Chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 23: Comparison by Application
**5.3 Fertilizer - Market size and forecast 2021-2026
*Exhibit 24: Fertilizer - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Fertilizer - Year-over-year growth 2021-2026 (%)
**5.4 Animal feed supplement - Market size and forecast 2021-2026
*Exhibit 26: Animal feed supplement - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Animal feed supplement - Year-over-year growth 2021-2026 (%)
**5.5 Others - Market size and forecast 2021-2026
*Exhibit 28: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Others - Year-over-year growth 2021-2026 (%)
**5.6 Market opportunity by Application
*Exhibit 30: Market opportunity by Application
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 31: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 32: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 33: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 34: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 36: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: North America - Year-over-year growth 2021-2026 (%)
**7.5 Europe - Market size and forecast 2021-2026
*Exhibit 38: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: Europe - Year-over-year growth 2021-2026 (%)
**7.6 South America - Market size and forecast 2021-2026
*Exhibit 40: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 42: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 43: MEA - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 44: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 45: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing demand for phosphate fertilizers
*8.1.2 Growing demand from end-user applications
*8.1.3 High demand for feed additives
**8.2 Market challenges
*8.2.1 Health hazards associated with phosphate-based fertilizers
*8.2.2 Toxicity of feed phosphates
*8.2.3 Stringent regulations and policies
*Exhibit 46: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Production of ammonium phosphate using green phosphoric acid
*8.3.2 Growing awareness about organic farming
*8.3.3 Increasing demand for water treatment chemicals
***9. Vendor Landscape
**9.1 Overview
*Exhibit 47: Vendor landscape
**9.2 Landscape disruption
*Exhibit 48: Landscape disruption
*Exhibit 49: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 50: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 51: Market positioning of vendors
**10.3 EuroChem Group AG
*Exhibit 52: EuroChem Group AG - Overview
*Exhibit 53: EuroChem Group AG - Product and service
*Exhibit 54: EuroChem Group AG – Key news
*Exhibit 55: EuroChem Group AG - Key offerings
**10.4 Innophos Holdings Inc.
*Exhibit 56: Innophos Holdings Inc. - Overview
*Exhibit 57: Innophos Holdings Inc. - Product and service
*Exhibit 58: Innophos Holdings Inc. - Key offerings
**10.5 Israel Chemicals Ltd.
*Exhibit 59: Israel Chemicals Ltd. - Overview
*Exhibit 60: Israel Chemicals Ltd. - Business segments
*Exhibit 61: Israel Chemicals Ltd. - Key offerings
*Exhibit 62: Israel Chemicals Ltd. - Segment focus
**10.6 Jordan Phosphate Mines Co. PLC
*Exhibit 63: Jordan Phosphate Mines Co. PLC - Overview
*Exhibit 64: Jordan Phosphate Mines Co. PLC - Business segments
*Exhibit 65: Jordan Phosphate Mines Co. PLC - Key offerings
*Exhibit 66: Jordan Phosphate Mines Co. PLC - Segment focus
**10.7 Nutrien Ltd.
*Exhibit 67: Nutrien Ltd. - Overview
*Exhibit 69: Nutrien Ltd. – Key news
*Exhibit 70: Nutrien Ltd. - Key offerings
*Exhibit 71: Nutrien Ltd. - Segment focus
**10.8 OCP SA
*Exhibit 72: OCP SA - Overview
*Exhibit 73: OCP SA - Business segments
*Exhibit 74: OCP SA – Key news
*Exhibit 75: OCP SA - Key offerings
*Exhibit 76: OCP SA - Segment focus
**10.9 PhosAgro AG
*Exhibit 77: PhosAgro AG - Overview
*Exhibit 78: PhosAgro AG - Product and service
*Exhibit 79: PhosAgro AG - Key offerings
**10.10 Saudi Arabian Mining Co.
*Exhibit 80: Saudi Arabian Mining Co. - Overview
*Exhibit 81: Saudi Arabian Mining Co. - Business segments
*Exhibit 82: Saudi Arabian mining Co. – Key news
*Exhibit 83: Saudi Arabian Mining Co. - Key offerings
*Exhibit 84: Saudi Arabian Mining Co. - Segment focus
**10.11 Solvay SA
*Exhibit 85: Solvay SA - Overview
*Exhibit 86: Solvay SA - Business segments
*Exhibit 87: Solvay SA – Key news
*Exhibit 88: Solvay SA - Key offerings
*Exhibit 89: Solvay SA - Segment focus
**10.12 The Mosaic Co.
*Exhibit 90: The Mosaic Co. - Overview
*Exhibit 91: The Mosaic Co. - Business segments
*Exhibit 92: The Mosaic Co. – Key news
*Exhibit 93: The Mosaic Co. - Key offerings
*Exhibit 94: The Mosaic Co. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 95: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 96: Research Methodology
*Exhibit 97: Validation techniques employed for market sizing
*Exhibit 98: Information sources
**11.4 List of abbreviations
*Exhibit 99: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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