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Phosphate Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72115
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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.

What will the Phosphate Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Phosphate Market Size for the Forecast Period and Other Important Statistics

 

Phosphate Market: Key Drivers, Trends, and Challenges

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.

Parent Market Analysis

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.

Who are the Major Phosphate Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • The Mosaic Co.

 

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.

Product Insights and News

  • Solvay SA - The company offers phosphate that is used in the production of fertilizers and feed additives, and also in the treatment of water and metals, the manufacturing of detergents and toothpaste, the processing of meat products, and many more, under the brand name of Solvay.

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.

Phosphate Market Value Chain Analysis

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:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Phosphate Market?

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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.

What are the Revenue-generating Application Segments in the Phosphate Market?

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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.

 

Phosphate Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.12%

Market growth 2022-2026

$ 8.68 billion

Market structure

Fragmented

YoY growth (%)

5.00

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

US, China, India, Russian Federation, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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

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.

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What are the Key Data Covered in this Phosphate Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive phosphate market growth during the next five years
  • Precise estimation of the phosphate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the phosphate industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of phosphate market vendors

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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:

  • Fertilizer
  • Animal feed supplement
  • Others

                                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:

  • APAC
  • North America
  • Europe
  • South America
  • MEA

                                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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The phosphate market growth will increase by $8684.47 million during 2021-2026.
The phosphate market is expected to grow at a CAGR of 6.12% during 2021-2026.
Technavio has segmented the phosphate market by application (Fertiliser, Animal feed supplement, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
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, The Mosaic Co. are a few of the key vendors in the phosphate market.
APAC will register the highest growth rate of 43.89% among the other regions. Therefore, the phosphate market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • India
  • Russian Federation
  • Brazil
The key factors driving the phosphate market growth are:
  • Growing demand for phosphate fertilizers
The phosphate market vendors should focus on grabbing business opportunities from the fertiliser segment as it accounted for the largest market share in the base year.
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