Get In Touch

Introduction

Monoaluminum phosphate is a vital ingredient used in the synthesis of refractory materials. 40% to 50 % aqueous solutions of monoaluminum phosphate are commonly utilized in the preparation of chemically bonded refractory materials in the refractory materials industry. The product functions as a binding and curing material in the processing of high-temperature refractory materials. Even at lower temperatures, monoaluminum phosphate reacts with oxidic and non oxidic raw materials, by forming phosphate salts, and is desirable where quick setting and thermally stable characteristics are essential. The synthesis of monoaluminum phosphate for commercial production involves the process of acid-base neutralization between high-purity aluminum hydroxide and phosphoric acid. Monoaluminum phosphate exhibits a strong affinity to metals, and its demand in electro insulating plates is projected to rise significantly during the forecast period.

Global Monoaluminum Phosphate Market: Overview

The capability to withstand very high temperatures serves as a unique advantage of monoaluminum phosphate when it is used as a binder, unlike organic binders such as phenolic resins. Consequently, demand for monoaluminum phosphate to be utilized as a coating for silicon steel to offer interlaminar electrical resistance for transformer cores is expected to rise significantly. The global steel industry has been witnessing significant innovative trends in the last few years. As stated by the World Steel Association, the global steel industry invested 13% of revenue in capital investment projects and process improvement in 2016. The global crude steel production rose to about 1,689 Mn tons in 2017, from 1,239 Mn tons in 2009. Rise in the output of the global steel industry is likely to drive the demand for monoaluminum phosphate during the forecast period.

Based on the form, the monoaluminum phosphate market can be classified into powder and liquid. The product is used in the fabrication of ceramic articles in the form of solid particles, or as a water-based particulate slurry. These forms of monoaluminum phosphate can be derived by changing the molar ratio of the reactants that are utilized during the acid-base neutralization process. The preparation of powder form monoaluminum phosphate involves excessive moles of phosphoric acid during the synthesis process. Based on end-use, the monoaluminum phosphate market can be divided into steel, cement, glass, non-ferrous metals, and others. Steel is expected to remain a major segment in the global monoaluminum phosphate market during the forecast period.

Global Monoaluminum Phosphate Market: Regional Outlook

In terms of geography, the global monoaluminum phosphate market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for monoaluminum phosphate is projected to rise at a steady pace across North America by 2026, owing to the expansion of metal and glass industries in the region. The mature trends exhibited by the industrial sector in Europe is expected to boost the monoaluminum phosphate market in the region at a sluggish pace during the forecast period.

Asia Pacific is projected to remain the leading market for monoaluminum phosphate, globally, during the forecast period. Commercial and residential construction sectors in the region are projected to expand at a significant pace in the next decade. Steel, glass, cement as well as metal processing sectors in the region are estimated to expand at a considerable pace by 2026, as the governments of India and China are likely to invest significantly for industrial development in their respective countries. According to estimates by the UN Department of Economic and Social Affairs, the number of cities with more than 500,000 inhabitants is estimated to rise by 30% in Asia by 2030. Increase in the pace of urbanization in South Korea, India, and Taiwan is expected to propel the overall monoaluminum phosphate market size in Asia Pacific during the forecast period.

Global Monoaluminum Phosphate Market: Key Players

Significant players operating in the global monoaluminum phosphate market include Nutrien Ltd., Shijiazhuang Xinsheng Chemical, Xuzhou Hengxing Chemical, Taki Chemical, Innophos, Hubei Hanye Chemical, and Sulux Phosphates Ltd, and Chemische Fabrik Budenheim KG.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Monoaluminum Phosphate Market

Pre Book