The Global Market for Phosphates is Projected to Exceed 88 Million Metric Tons by 2024
Growing Demand for Phosphate Fertilizers for Improving Soil Productivity, Promoting Root Health, and Enhancing Crop Yields to Drive Global Market Growth, 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 88 million metric tons by 2024 , driven by growing demand for phosphate fertilizers and feed phosphates and increasing consumption of phosphorous in several other applications. Phosphates are inorganic salts naturally derived from raw phosphorus that is present in a number of phosphate minerals. Inorganic phosphates are used to produce phosphorus for industrial and agricultural applications. Phosphorus compounds find use in a range of applications across industries such as pharmaceuticals, industrial and institutional cleaners, personal care products and fir...