Phosphate Market Key Players:
OCP S.A., Mosaic Co, Agrium Inc, Eurochem, Kazphosphate LLC, OJSC Phosagro AG, Prayon S.A, Solvay-Rohdia, Vale S.A., Akron OAO among others are some of the prominent players at the forefront of competition in the Global Phosphate Market that are profiled in MRFR Analysis.
Phosphate Market Abstract:
Phosphate Market is expected to reach USD 82.11 Billion at the end of the forecasted period and is expected to grow at CAGR of more than 2.8% from 2018 to 2023.
Phosphates are inorganic minerals mined from the deposits of clay. Phosphates are generally used as compounds of phosphate ions combined with elements such as potassium, ammonium, calcium, sodium, rubidium, and others. The ammonium phosphate segment accounted for the majority share of the global phosphates market in 2017 due to its increasing use in manufacturing fertilizers. Phosphates find application in the fertilizers, food & beverage, detergents, water treatment chemicals, metal treatment, building and construction, pharmaceuticals, and cosmetics and personal care products industries, among others. Phosphates are widely used in fertilizers as they are the key nutrients required for the growth of plants.
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Phosphate Market Segmentation:
Based on type, the market has been segmented into ammonium, calcium, phosphoric acid, potassium, rubidium, sodium, and others.
Based on application, the market has been segmented into fertilizers, food & beverage, detergents, water treatment chemicals, metal treatment, cosmetics and personal care, pharmaceuticals, building and construction, and others.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Phosphate Market Regional Analysis:
Geographically, Asia Pacific region accounted largest market share in the Global Phosphate market and expected to dominate during the forecast period due growing animal feed, food and chemical in the region. China being largest consumer, manufacturer and exporter of phosphate. India accounted second largest market share by value and volume in Asia Pacific region, and expected to grow with highest annual growth rate due to growing government initiative for quality animal feed in the countries and growing food demand in the due to rising population. In addition to this, North America & Europe have witnessed incremental growth in phosphate market.
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Phosphate Market Competitive Landscape:
The MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the global phosphate market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to growing demand of phosphate consumption in Asia Pacific region, the manufacturers in European region are expected to use acquisition strategy in the Asia Pacific and global market in future. Key major player is looking at the acquisition of the small manufacturers in China and Asia Pacific region to increase their market share in Asia Pacific region.
Phosphate Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Phosphate Market
Phosphate Market Table of Content to be Continue….,
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