Minerals containing phosphorus or phosphorus compounds in high quantity are classified as phosphorous ore. Phosphorus content in the ore differs on the basis of various factors such as geological conditions, processing behavior, etc. Phosphorus ores occur in diverse forms including magmatic deposits, metasomatic deposits, sedimentary rocks, etc. Sedimentary rocks are the most preferred source of phosphorus mainly owing to low energy requirement in processing the rocks. Two major groups of phosphate rock are phosphorite and apatite. Other phosphorus ores include iron phosphates and aluminum phosphates among others. Processing of phosphorus ore is profoundly dependent on the end user industry. Some of the processes employed in the industry include reaction with sulfuric acid and heating among others.
Phosphorus is among the most essential nutrition for plants and helps in photosynthesis, cell division, enlargement, seed formation, etc. Fertilizer production is the most dominant application segment for phosphorus ore and the trend is anticipated to continue for a foreseeable future. Phosphorus is also among important nutrition for animals and is an essential component of bones, DNA and others. Phosphorus is used in the production of several food products and beverages including some soft drinks. Phosphorus is also widely used in the production of lamps, matches and glass among several others.
Phosphorus ores such as iron phosphate, aluminum phosphate are used for extraction of other materials such as iron and aluminum depending on the ore.
Decreasing arable land has led to demand for high agricultural efficiency which has been a major factor driving demand for phosphorus ore. Moreover, high growth in food and beverages industry also has been among major growth drivers for phosphorus ore market. Major end use industries for phosphorus ore include consumer goods such as toothpaste, soft drinks, etc. Therefore macroeconomic factors such as GDP growth are also among major factors driving demand for phosphorus. Decline in global phosphorus reserve has led to increase in price of phosphorus ore and also has been restraining market growth for phosphorus ore. The elemental form of phosphorus poses severe environmental and health hazards, owing to which, several regulations have been imposed to control the use of phosphorus. This has been a major restraint for the phosphorus ore market growth. Increasing research and development to discover new phosphorus ores is anticipated to offer huge growth opportunity in the market.
Asia Pacific dominates the global demand phosphorus ore market and the trend is anticipated to continue during the forecast period. Asia Pacific comprises two of the largest countries in terms of population leading to high demand for food in the region which has been among foremost drivers for phosphorus ore market in Asia Pacific. Asia Pacific is also anticipated to be the fastest growing region for phosphorus ore demand during the forecast period. Demand for phosphorus ore in North America and Europe is anticipated to grow at a sluggish rate primarily owing to increasing number of regulations to control the use of phosphorus. High growth in agriculture industry in the developing economies of South America such as Brazil is anticipated to offer huge growth opportunity for phosphorus ore market in South America.
Some of the major players in phosphorus ore market include Yuntianhua Group, Hubei Yihua Group, Hubei Xingfa Chemicals Group Co., Ltd., Guizhou Kailin (Group) Co., Ltd., Jiangyin Chengxing Industrial Group Co., Ltd. and Sichuan Qingping Phosphorus Ore among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments