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Phosphate Market by Type (Phosphoric Acid, Ammonium, Calcium, Sodium, Potassium), Type of Resource (Sedimentary Marine Deposits, Igneous and Weathered), Application (Fertilizers, Animal Feed, Food Additives), and Region - Global Forecast to 2029

November 2024 | 295 pages | ID: P8D9F17985BCEN
MarketsandMarkets

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In terms of value, the phosphate market is estimated to grow from USD 180.99 billion in 2024 to USD 219.74 billion by 2029, at a CAGR of 3.9%. The market for phosphate is experiencing a significant increase in demand due to problems in the environment caused by soil erosion and depletion. Continuous years of cultivation on the same land, not replaced with adequate nutrient supply, have caused extensive loss of soil nutrient levels in most farmlands and agricultural lands, especially with the intensified farming practices. Since phosphorus is one of the minerals necessary for root development and transfer of energy within plants, it tends to be among the earliest minerals depleted. Applying phosphate fertilizers will help farmers regain fertility for their lands and prevent degradation through replenishing phosphorus reserves in the soils.

“Ammonium phosphate segment is projected to be the second-fastest growing segment of phosphate market, during the forecast period”

Ammonium phosphate segment is estimated to be the second-fastest growing segment of phosphate market, during the forecast period. Ammonium phosphate's increasing market significance can be attributed to its adaptability in industrial applications. Among its many non-agricultural applications is fire suppression, where it is an essential part of dry chemical fire extinguishers. Ammonium phosphate's fire-retardant qualities make it a perfect chemical for putting out flames, particularly in areas with flammable materials. In areas where wildfires are common or in businesses where fire dangers are a significant issue, this application is extremely crucial.

“Biogenic segment was the third-largest type of resource of phosphate market, in terms of value, in 2023.”

Biogenic segment stands as the third-largest type of resource in the phosphate market. Given that it is constantly generated by biological activity, biogenic phosphate is a renewable resource. When it comes to phosphate extraction, this renewable nature provides a distinct ecological benefit since it provides a more sustainable way to source phosphorus for agriculture without depleting non-renewable resources. Moreover, biogenic phosphates are more appealing to nations and enterprises looking to lessen their ecological footprint because of their comparatively minimal environmental impact when extracted when compared to other mining techniques.

“Food additives segment was the third largest application of phosphate market, in terms of value, in 2023.”

Food additives segment stands as the third-largest application in the phosphate market. The usage of phosphates as food additives is mainly linked to their functional properties. Adding phosphates to meat and poultry products enhances the juiciness and tenderness of the meat while maintaining their water content. They ensure that the moisture in meats is not lost during the stages of processing and cooking, preventing the loss of valuable nutrients, and improving the overall eating experience. Phosphates that improve the quality and shelf life of meat products are therefore in greater demand due to the growing demand for meat products worldwide.

“North America was the third largest region in the phosphate market, in terms of value.”

North America was the third-largest region in the phosphate market, in terms of value, in 2023. The phosphate market in the region is comparatively mature, growing slower than the developing markets in the Asia-Pacific region or even in the Middle East and Africa. Developments in mining techniques have increased efficiency in the extraction of phosphates, which lowered cost and lower negative impacts on the environment. Furthermore, developments in fertilizer formulations, for instance, more efficient fertilizer formulation, promote the growth of the phosphate industry. Such fertilizers resolve both economic and environmental issues since they are specially developed to increase the efficiency of nutrient uptake and allow farmers to produce more yields on fewer applications of fertilizers.
  • By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
  • By Designation: Directors - 50%, Managers - 30%, and Others - 20%
  • By Region: North America - 40%, Europe - 35%, Asia Pacific - 20%, Rest of World – 5%
The key players profiled in the report include OCP Group S.A. (Morocco), The Mosaic Company (US), PhosAgro Group of Companies (Russia), Ma’aden (Saudi Arabia), Nutrien Ltd. (Canada), EuroChem Group (Switzerland), Innophos Holdings, Inc. (US), Jordan Phosphate Mines Company (PLC) (Jordan), Kazphosphate LLP (Kazakhstan), ICL Group Ltd. (ICL) (Israel), Wengfu Group Co., Ltd. (China), Yara (Norway), and Yuntianhua Group Co., Ltd. (China).

Research Coverage

This report segments the market for phosphate based on type, type of resource, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for phosphate.

Reasons to Buy this Report

This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the phosphate market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
  • Market Penetration: Comprehensive information on phosphate offered by top players in the global market
  • Analysis of key drivers: (Increased need for food and crop production, Decrease in arable land, Increased meat consumption and demand for animal feed, and Rising demand for water treatment chemicals), restraints (Declining supply of phosphates), opportunities (Development of innovation production processes, and Rising demand for lithium iron phosphate (LiFePO4) batteries in electric vehicle (EV) industry), and challenges (Limited global distribution of phosphate reserves, and Global regulatory pressure on reducing phosphate use in detergents) influencing the growth of phosphate market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the phosphate market
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for phosphate across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global phosphate market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the phosphate market
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  1.3.2 INCLUSIONS AND EXCLUSIONS
  1.3.3 YEARS CONSIDERED
  1.3.4 CURRENCY CONSIDERED
  1.3.5 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
  2.1.2 PRIMARY DATA
    2.1.2.1 Key primary participants
    2.1.2.2 Key industry insights
    2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
  2.4.1 SUPPLY-SIDE ANALYSIS
  2.4.2 DEMAND-SIDE ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PHOSPHATE MARKET
4.2 PHOSPHATE MARKET, BY REGION
4.3 ASIA PACIFIC PHOSPHATE MARKET, BY APPLICATION AND COUNTRY
4.4 PHOSPHATE MARKET, TYPE AND REGION
4.5 PHOSPHATE MARKET, BY COUNTRY

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Increased need for food and crop production
    5.2.1.2 Decrease in arable land
    5.2.1.3 Increased meat consumption and demand for animal feed
    5.2.1.4 Rising demand for water treatment chemicals
  5.2.2 RESTRAINTS
    5.2.2.1 Declining supply of phosphate
  5.2.3 OPPORTUNITIES
    5.2.3.1 Development of innovative production processes
    5.2.3.2 Rising demand for lithium iron phosphate (LiFePO4) batteries in electric vehicle (EV) industry
  5.2.4 CHALLENGES
    5.2.4.1 Limited global distribution of phosphate reserves
    5.2.4.2 Global regulatory pressure on reducing phosphate use in detergents
5.3 PORTER’S FIVE FORCES ANALYSIS
  5.3.1 THREAT OF NEW ENTRANTS
  5.3.2 THREAT OF SUBSTITUTES
  5.3.3 BARGAINING POWER OF SUPPLIERS
  5.3.4 BARGAINING POWER OF BUYERS
  5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
  5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
  5.5.1 GDP TRENDS AND FORECAST OF MOST PROMINENT ECONOMIES

6 INDUSTRY TRENDS

6.1 SUPPLY CHAIN ANALYSIS
6.2 PRICING ANALYSIS
  6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
  6.2.2 AVERAGE SELLING PRICE TREND, BY REGION
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 ECOSYSTEM ANALYSIS
6.5 TECHNOLOGY ANALYSIS
  6.5.1 KEY TECHNOLOGIES
    6.5.1.1 In-situ leaching and solution mining: An innovative approach to phosphate extraction
  6.5.2 COMPLIMENTARY TECHNOLOGIES
    6.5.2.1 Phosphoric acid production technologies
6.6 CASE STUDY ANALYSIS
  6.6.1 CLEAR EDGE OFFERS CLEAR EDGE FILTRATION SOLUTIONS TO PHOSPHATE PRODUCERS TO INCREASE PRODUCTIVITY
  6.6.2 IMPLEMENTATION OF PHOSPHORUS (P) MANAGEMENT IN SLOVAKIA TO CLOSE P CYCLE AND REDUCE RELIANCE ON MINED PHOSPHATE ROCK
  6.6.3 METOKOTE INSTALLS CENTRASEP FILTRATION SYSTEM TO REMOVE SLUDGE FROM TANK, KEEPING ZINC PHOSPHATE SOLUTION CLEAN
6.7 TRADE ANALYSIS
  6.7.1 IMPORT SCENARIO (HS CODE 280470)
  6.7.2 EXPORT SCENARIO (HS CODE 280470)
6.8 REGULATORY LANDSCAPE
  6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.9 KEY CONFERENCES AND EVENTS, 2024–2025
6.10 INVESTMENT AND FUNDING SCENARIO
6.11 PATENT ANALYSIS
  6.11.1 APPROACH
  6.11.2 PATENT TYPES
  6.11.3 TOP APPLICANTS
  6.11.4 JURISDICTION ANALYSIS
6.12 IMPACT OF AI/GEN AI ON PHOSPHATE MARKET

7 PHOSPHATE MARKET, BY TYPE

7.1 INTRODUCTION
7.2 PHOSPHORIC ACID
  7.2.1 GROWING DEMAND IN VARIOUS INDUSTRIES TO DRIVE MARKET
7.3 AMMONIUM PHOSPHATE
  7.3.1 RISING FERTILIZER CONSUMPTION TO DRIVE DEMAND
7.4 CALCIUM PHOSPHATE
  7.4.1 HIGH USE IN HEALTHCARE APPLICATIONS TO PROPEL MARKET
7.5 SODIUM PHOSPHATE
  7.5.1 EXTENSIVE APPLICATIONS IN DETERGENT INDUSTRY TO FUEL MARKET GROWTH
7.6 POTASSIUM PHOSPHATE
  7.6.1 BOOMING AGRICULTURE INDUSTRY TO DRIVE DEMAND
7.7 OTHER TYPES

8 PHOSPHATE MARKET, BY TYPE OF RESOURCE

8.1 INTRODUCTION
8.2 SEDIMENTARY MARINE DEPOSITS
  8.2.1 INCREASING FOCUS ON SUSTAINABILITY TO DRIVE DEMAND
8.3 IGNEOUS AND WEATHERED
  8.3.1 HIGH PURITY OF PHOSPHATE IN IGNEOUS AND WEATHERED RESOURCE TYPES TO BOOST MARKET GROWTH
8.4 BIOGENIC
  8.4.1 GROWING NEED TO INCREASE AGRICULTURAL PRODUCTIVITY TO FUEL DEMAND
8.5 OTHER TYPES OF RESOURCES

9 PHOSPHATE MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 FERTILIZERS
  9.2.1 EXTENSIVE USE OF PHOSPHATES TO ENHANCE AGRICULTURAL PRODUCTIVITY TO DRIVE MARKET
9.3 ANIMAL FEED
  9.3.1 GROWING AWARENESS REGARDING ANIMAL NUTRITION AND HEALTH TO DRIVE DEMAND
9.4 FOOD ADDITIVES
  9.4.1 RISING DEMAND FOR PROCESSED AND CONVENIENCE FOODS TO DRIVE MARKET
9.5 DETERGENTS
  9.5.1 GROWTH OF INDUSTRIAL CLEANING SECTOR TO DRIVE DEMAND
9.6 WATER TREATMENT CHEMICALS
  9.6.1 INCREASING DEMAND FOR CLEAN WATER TO FUEL MARKET GROWTH
9.7 METAL FINISHING
  9.7.1 RISING TREND OF USING LIGHTWEIGHT MATERIALS IN MANUFACTURING SECTOR TO DRIVE MARKET
9.8 OTHER APPLICATIONS

10 PHOSPHATE MARKET, BY REGION

10.1 INTRODUCTION
10.2 ASIA PACIFIC
  10.2.1 CHINA
    10.2.1.1 High fertilizer demand to drive market
  10.2.2 INDIA
    10.2.2.1 Increasing fertilizer and phosphoric acid import to fuel market growth
  10.2.3 AUSTRALIA
    10.2.3.1 Increasing demand for meat and meat products to propel market
  10.2.4 PAKISTAN
    10.2.4.1 Rise in agricultural output to boost market growth
  10.2.5 BANGLADESH
    10.2.5.1 Rising demand for processed food to drive market
  10.2.6 INDONESIA
    10.2.6.1 Presence of vast and abundant fertile land to drive demand
10.3 NORTH AMERICA
  10.3.1 US
    10.3.1.1 Continuous population growth and improving living standards to drive market
  10.3.2 CANADA
    10.3.2.1 Well-established agriculture industry to drive demand
  10.3.3 MEXICO
    10.3.3.1 Growing food industry to fuel market growth
10.4 EUROPE
  10.4.1 GERMANY
    10.4.1.1 Presence of largest food & beverage producers to drive market
  10.4.2 FRANCE
    10.4.2.1 Presence of extensive fertile land, moderate climate, and sufficient rainfall suitable for agriculture to fuel demand
  10.4.3 ITALY
    10.4.3.1 Rising fertilizer demand to boost market growth
  10.4.4 POLAND
    10.4.4.1 Depletion of arable land to increase demand
  10.4.5 SPAIN
    10.4.5.1 Growing processed food consumption to drive demand
  10.4.6 RUSSIA
    10.4.6.1 Increasing purchasing power of farmers and government-led initiatives to promote use of phosphate-based fertilizers to drive market
10.5 SOUTH AMERICA
  10.5.1 BRAZIL
    10.5.1.1 Economic growth to drive market
  10.5.2 ARGENTINA
    10.5.2.1 Increased use in production of animal feed and food additives to drive market
  10.5.3 CHILE
    10.5.3.1 Expanding processed food, dried processed food, and soft drink industries to drive market
  10.5.4 COLOMBIA
    10.5.4.1 Suitable landscape and climatic conditions for agriculture to drive market
10.6 MIDDLE EAST & AFRICA
  10.6.1 GCC COUNTRIES
    10.6.1.1 Saudi Arabia
      10.6.1.1.1 Government initiatives to reduce dependency on oil to support fertilizer production to boost demand
  10.6.2 EGYPT
    10.6.2.1 Nationwide focus on land retrieval for agricultural development to drive market
  10.6.3 SOUTH AFRICA
    10.6.3.1 Growing manufacturing sector to create immense growth opportunities

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 MARKET SHARE ANALYSIS
11.4 REVENUE ANALYSIS
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  11.5.1 STARS
  11.5.2 EMERGING LEADERS
  11.5.3 PERVASIVE PLAYERS
  11.5.4 PARTICIPANTS
  11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
    11.5.5.1 Company footprint
    11.5.5.2 Type footprint
    11.5.5.3 Type of resource footprint
    11.5.5.4 Application footprint
    11.5.5.5 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  11.6.1 PROGRESSIVE COMPANIES
  11.6.2 RESPONSIVE COMPANIES
  11.6.3 DYNAMIC COMPANIES
  11.6.4 STARTING BLOCKS
  11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    11.6.5.1 Detailed list of key startups/SMEs
    11.6.5.2 Competitive benchmarking of key startups/SMEs
11.7 BRAND/PRODUCT COMPARISON
11.8 COMPANY VALUATION AND FINANCIAL METRICS
11.9 COMPETITIVE SCENARIO
  11.9.1 PRODUCT LAUNCHES
  11.9.2 DEALS
  11.9.3 EXPANSIONS

12 COMPANY PROFILES

12.1 KEY PLAYERS
  12.1.1 THE MOSAIC COMPANY
    12.1.1.1 Business overview
    12.1.1.2 Products/Solutions/Services offered
    12.1.1.3 MnM view
      12.1.1.3.1 Key strengths/Right to win
      12.1.1.3.2 Strategic choices
      12.1.1.3.3 Weaknesses/Competitive threats
  12.1.2 OCP GROUP S.A.
    12.1.2.1 Business overview
    12.1.2.2 Products/Solutions/Services offered
    12.1.2.3 Recent developments
      12.1.2.3.1 Product launches
      12.1.2.3.2 Deals
      12.1.2.3.3 Expansions
    12.1.2.4 MnM view
      12.1.2.4.1 Key strengths/Right to win
      12.1.2.4.2 Strategic choices
      12.1.2.4.3 Weaknesses/Competitive threats
  12.1.3 NUTRIEN LTD.
    12.1.3.1 Business overview
    12.1.3.2 Products/Solutions/Services offered
    12.1.3.3 Recent developments
      12.1.3.3.1 Deals
      12.1.3.3.2 Expansions
    12.1.3.4 MnM view
      12.1.3.4.1 Key strengths/Right to win
      12.1.3.4.2 Strategic choices
      12.1.3.4.3 Weaknesses/Competitive threats
  12.1.4 PHOSAGRO GROUP OF COMPANIES
    12.1.4.1 Business overview
    12.1.4.2 Products/Solutions/Services offered
    12.1.4.3 MnM view
      12.1.4.3.1 Key strengths/Right to win
      12.1.4.3.2 Strategic choices
      12.1.4.3.3 Weaknesses/Competitive threats
  12.1.5 MA’ADEN
    12.1.5.1 Business overview
    12.1.5.2 Products/Solutions/Services offered
  12.1.6 EUROCHEM GROUP
    12.1.6.1 Business overview
    12.1.6.2 Products/Solutions/Services offered
    12.1.6.3 Recent developments
      12.1.6.3.1 Deals
      12.1.6.3.2 Expansions
    12.1.6.4 MnM view
      12.1.6.4.1 Key strengths/Right to win
      12.1.6.4.2 Strategic choices
      12.1.6.4.3 Weaknesses/Competitive threats
  12.1.7 INNOPHOS HOLDINGS, INC.
    12.1.7.1 Business overview
    12.1.7.2 Products/Solutions/Services offered
    12.1.7.3 Recent developments
      12.1.7.3.1 Deals
    12.1.7.4 MnM view
      12.1.7.4.1 Key strengths/Right to win
      12.1.7.4.2 Strategic choices
      12.1.7.4.3 Weaknesses/Competitive threats
  12.1.8 JORDAN PHOSPHATE MINES COMPANY (PLC)
    12.1.8.1 Business overview
    12.1.8.2 Products/Solutions/Services offered
  12.1.9 KAZPHOSPHATE LLP
    12.1.9.1 Business overview
    12.1.9.2 Products/Solutions/Services offered
  12.1.10 ICL GROUP LTD.
    12.1.10.1 Business overview
    12.1.10.2 Products/Solutions/Services offered
    12.1.10.3 Recent developments
      12.1.10.3.1 Deals
    12.1.10.4 MnM view
      12.1.10.4.1 Key strengths/Right to win
      12.1.10.4.2 Strategic choices
      12.1.10.4.3 Weaknesses/Competitive threats
  12.1.11 WENGFU GROUP CO., LTD.
    12.1.11.1 Business overview
    12.1.11.2 Products/Solutions/Services offered
    12.1.11.3 Recent developments
      12.1.11.3.1 Deals
  12.1.12 YARA
    12.1.12.1 Business overview
    12.1.12.2 Products/Solutions/Services offered
    12.1.12.3 Recent developments
      12.1.12.3.1 Deals
  12.1.13 YUNTIANHUA GROUP CO., LTD.
    12.1.13.1 Business overview
    12.1.13.2 Products/Solutions/Services offered
12.2 STARTUP/SMES
  12.2.1 ADITYA BIRLA GROUP
  12.2.2 FOSFA A.S.
  12.2.3 REEPHOS CHEMICAL CO., LTD.
  12.2.4 SUDEEP PHARMA PRIVATE LIMITED
  12.2.5 DR. PAUL LOHMANN GMBH & CO. KGAA
  12.2.6 JIANGSU CHENGXING PHOSPH-CHEMICALS CO., LTD
  12.2.7 BALCHEM CORPORATION
  12.2.8 ELIXIRGROUP
  12.2.9 YUNNAN BK GIULINI TIANCHUANG PHOSPHATE CO., LTD.
  12.2.10 XINGFA GROUP
  12.2.11 THERMPHOS INTERNATIONAL B.V.
  12.2.12 WENDA INGREDIENTS, LLC
  12.2.13 JIANGSU DEBANG CHEMICAL INDUSTRY GROUP CO., LTD

13 ADJACENT AND RELATED MARKETS

13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 FEED PHOSPHATES MARKET
  13.3.1 MARKET DEFINITION
  13.3.2 MARKET OVERVIEW
13.4 FEED PHOSPHATES MARKET, BY REGION
  13.4.1 EUROPE
  13.4.2 NORTH AMERICA
  13.4.3 ASIA PACIFIC
  13.4.4 SOUTH AMERICA
  13.4.5 MIDDLE EAST & AFRICA

14 APPENDIX

14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS


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