The Global Market for Phosphates is Projected to Exceed 62 Million Metric Tons by 2022

Growing Focus on Agricultural Yield Productivity & the Ensuing Demand for Fertilizers to Drive the Phosphates Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Phosphates market. The global market for Phosphates is projected to exceed 62 million metric tons by 2022, driven by the rising demand for phosphate fertilizers and feed phosphates.

Phosphate is a naturally occurring element that plays a vital role in supporting life. A vast majority (about 85%) of phosphate extracted from phosphate ore is used in the manufacture of fertilizers. The substance is an essential nutrient for plant growth, and aids in photosynthesis, cell renewal, increasing crop production and enhancing the quality of crop yield. Of the remaining, about 9% of the phosphate produced is used as animal feed, while 5% is used in the development of detergents and pesticides. The use of phosphates in detergents is falling significantly in response to environmental concerns such as eutrophication. Phosphate is also used in an array of specialty products, such as toothpaste, leavening agents, and soft drinks. Expansion of arable land in developing countries and focus on increasing agricultural crop yields, are helping spur consumption of phosphates in fertilizers. Increased affluence of the emerging base of middle class population in developing economies and the resulting spurt in meat per capita consumption, rise in food contamination and safety concerns and demand for high quality meat, and innovation in livestock production are driving the importance of animal nutrition and benefiting demand for animal feed phosphate. Phosphate is a vital element in fertilizer production, given its ability to offer nutrition to plants, increase crop quality and yield and provide indirect nutritional value through soil amendment, particularly for saline alkali and calcareous soils. Feed Phosphate represents another major end- use market with growth supported by rising per capita consumption of meat, growing sophistication in livestock rearing practices, and industrialization of the pork and poultry sectors. Phosphate animal feed supplements help meet phosphorus, calcium and protein needs of animals.

As stated by the new market research report on Phosphates, Asia-Pacific represents the largest market worldwide, led by China as the largest producer of phosphate fertilizers. Other factors spurring opportunities in the region include agricultural growth in Asian countries, growing demand for diammonium phosphate, increasing production of meat, expansion in livestock breeding activity, and rise in demand for food grade phosphates in the rapidly growing processed food industry in India, China and Malaysia. Food grade phosphates find use in several applications such as retaining water in fishes, food processing applications as well as in wide ranging products such as frozen meat, milk, bakery products, cheese, powdered food, cereal, dehydrated potatoes, petfood, animal feed and meat products. Phosphates are generally used as a vital ingredient in the preparation of sausages as it helps in holding water and keeps the product stable.

Major players covered in the report include Agrium Inc., Anglo American Plc., Coromandel International Limited, EcoPhos S.A., EuroChem Mineral and Chemical Company, Fosfitalia S.P.A., ICL Group Ltd., Innophos, Inc.,  JSC Acron, LANXESS AG, MBAC Fertilizer Corporation, OCP Group, OJSC PhosAgro AG, Phosphate Resources Limited, PotashCorp., Prayon Group, Sichuan Chuanxi Xingda Chemical Co. Ltd., Solvay, Sterling Group Ventures Inc., Timab Industries, The Mosaic Company,  CF Industries, Inc., United Phosphorus Limited, Wengfu Group, Vale S.A. and Yara International ASA among others.

The research report titled “Phosphates: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and other strategic industry activities of global companies. The report provides market estimates and projections of manufacturer’s level revenues in Thousand Metric Tons for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Middle East & Africa. End-use application types analyzed in the report include Fertilizers, Animal Nutrition and Others.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.