Phosphate is an inorganic salt of phosphoric acid usually derived by mining activity. Phosphates are used as fertilizers on a large scale. In addition, they are also used in animal nutrition, detergents and food and beverages among others. Monocalcium phosphates, dicalcium phosphates, and tricalcium phosphates are the three types of phosphates widely used as fertilizers and can be water soluble or insoluble. One of the key drivers of this market is increasing usage of phosphate based fertilizers in farming. Phosphates are irreplaceable in plant growth and nutrition, thus making it critical to the global food supply. Increasing growth in population which results in high demand for food in countries such as India, China, Mexico, and Indonesia, is leading to a growing market in these countries. Furthermore, changing household patterns in these countries has also resulted in an increased demand for detergents. After fertilizers, detergents are another market segment that uses a large amount of phosphates. This in turn drives the phosphate chemical reagent market in this region.

 

In developed countries such as the U.S. and Japan, phosphates have been banned by environmental agencies in the manufacture of detergents. Manufacturers are looking at eco-friendly substitutes for phosphates. Thus, the use of phosphates in this region is falling drastically, hampering the growth of the phosphate chemical market in these regions. Excessive use of phosphate based chemicals over a number of years, results in reducing the fertility of the soil which affects crop production. Moreover, phosphate reserves are limited and depleting. This has resulted in a price fluctuation of phosphates due to a shortage of supply.

 

Efforts should be made to increase awareness about the appropriate use of phosphates in farming in developing regions of Asia-Pacific and Africa which will retain the high plant productivity in these regions. In addition, government subsidies on the use of these chemicals as fertilizers will help in further boosting the market in these regions. Thus, there is a scope of increasing demand in developing regions of the world. 

 

Some of the key manufacturers of phosphate chemical reagents include Agrium Inc., OCP Group, CF Industries Inc., Rhodia Novecare, Office Cherifien des Phosphates, ICL Group Ltd., PotashCorp, EuroChem Mineral and Chemical Company, the Mosaic Company, and PhosAgro Group among others.

 

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • 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. 

 

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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:

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  • 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.

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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?

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.

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