The dependence of many Asian countries on agriculture has led to increased fertilizer production. This, in turn, has resulted in rising demand for phosphate, aiding the growth of the global phosphates market. The Asia-Pacific region has emerged as a strong contender in the overall industry, together with Latin America and the Middle East.
The research report offers an in-depth understanding of the market structure, evaluates its various components, and provides qualitative and quantitative analysis. It segments the market on the basis of a number of parameters and assesses each segment in context with the overall phosphates industry. The factors that drive as well as restrain the growth of the industry have been highlighted, helping clients make vital decisions regarding their business. The report also identifies potentially-profitable regions and stagnant or slow-growing markets along with possible opportunities for the future.
Using Porter’s five forces analysis and analyzing the value chain, the market research report discusses the competitive landscape and provides forecasts for the same. The key areas that the report focuses on with regards to each firm are company overview, financial details, business strategies, SWOT analysis, and recent developments.
Overview of the global phosphates market
Phosphate has a wide range of applications, because of which its demand has been relatively stable. Unlike other competitors in the fertilizer market, companies producing phosphate benefit from this stability. Other major uses of phosphate include industrial use, food industry, animal feed, and detergents.
There are many factors that positively influence the growth of the phosphates industry, the primary force being its use in the production of fertilizers. A booming agricultural sector has spurred the growth of the market. Rising population has resulted in necessity for higher food and crop production. In this segment, the Asia-Pacific region has the greatest demand, followed by the Latin American regions. The use of phosphate as animal feed is driven by increased consumption of meat, rapid industrialization of the poultry and pork businesses, and rising awareness regarding animals’ nutritive requirements. However, the use of phosphate in detergents in developed nations has declined, affecting the demand. Other factors that inhibit the growth include strict environmental regulations, price fluctuations, and diminishing supply of phosphate.
Geographically, Morocco has the greatest phosphate reserves in the world and forecast suggests that by 2030, around 80-90% of the total demand will be produced in the region alone. Asia-Pacific is the biggest phosphates market, followed by Latin America, Europe, and the U.S.
Companies mentioned in the research report
The report identifies and analyses the leading players in the global phosphates market. These include Sichuan Chuanxi Xingda Chemical Co. Ltd., CJSC PhosAgro AG, Rhodia Novecare, ICL Group Ltd, Agrium Inc., The Mosaic Company, and Prayon Group.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
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- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
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- Offers a clear understanding of the competitive landscape and key product segments