Phosphate Market Overview:
Phosphate Market is expected to reach USD 82.11 Bn at the end of the forecasted period and is expected to grow at CAGR of more than 2.8% from 2018 to 2023.
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.
Global Phosphate Market to Grow Significantly at a Substantial CAGR from 2018-2023; Affirms MRFR Unleashing Industry Forecast Up To 2023
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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 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.
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 Table of Content to be Continue….,
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