Press Release / Business / Phosphate Market Size, Historical Growth, Trends Analysis, Industry Opportunities and Forecast To 2023

Phosphate Market Size, Historical Growth, Trends Analysis, Industry Opportunities and Forecast To 2023

Phosphate Market Overview:
Phosphate Market is expected to reach USD 82.11 Bn at the end of the forecasted period and is expected to grow at CAGR of more than 2.8% from 2018 to 2023.
Phosphate are projected to post solid gains in 2018 as a result of lower channel inventories as well as strong agronomic and economic demand drivers. The sale of phosphate are off to a fast start this year because distributors who deferred purchases as prices declined last year are now scrambling to cover large commitments due to prices rise in the year 2018. Also, the Chinese export availability has declined due to a take-off of domestic shipments and drop in phosphate industry output. Additionally, rain storms and large swells have delayed peak phosphate shipments out of the large Jorf Lasfar facility in Morocco.
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Phosphate Market Key Players:
Some of the key players in the global phosphates market are the Mosaic Company (US), S.A OCP (Morocco), Nutrien Ltd. (Canada), EuroChem (Switzerland), Innophos Holdings, Inc. (US), ICL (Israel), Jordan Phosphate Mines Company PLC (Jordan), PhosAgro (Russia), Maaden-Saudi Arabian Mining Company (Saudi Arabia), and Avantor Performance Materials, LLC (US).
Phosphate Market Segmentation:
Based on type, the market has been segmented into ammonium, calcium, phosphoric acid, potassium, rubidium, sodium, and others.
Based on application, the market has been segmented into fertilizers, food & beverage, detergents, water treatment chemicals, metal treatment, cosmetics and personal care, pharmaceuticals, building and construction, and others.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Phosphate Market Regional Analysis:
The market in Asia-Pacific accounted for the largest share of the phosphates market in 2017 and is expected to continue its dominance during the forecast period. This growth can be attributed to the increasing investments in crop production and other agricultural products coupled with the rising population. For instance, the total grain production in 2016–17 was 275.68 Million Tons in India. Additionally, the Government of India has introduced several schemes such as Per Drop More Crop, which aims to irrigate the fields of every farmer and improve water use efficiency.
North America is another prominent market for phosphates because of the surging demand for packaged food and beverages. Product consumption is increasing in beverages due to the rising demand for health and energy drinks. Moreover, the growing use of phosphates in the agricultural industry especially in the US is propelling market growth. 
The European market is also expected to grow in the coming years with increasing agricultural production especially in France, Germany, and Poland. Moreover, the growing soap and detergent industry because of increasing demand for household cleaning products is expected to fuel the demand for phosphates.
Phosphate Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Phosphate Market
Phosphate Market Table of Content to be Continue….,
For Further Information On This Report, Visit @ https://www.marketwatch.com/press-release/phosphate-industry-size-growth-trends-share-report-market-opportunities-top-key-players-global-analysis-and-cnm-forecast-to-2023-2019-02-06
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