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Phosphate Rock Market Is Expected To Reach US$ 28.86 Billion Worldwide By The End Of 2032

06-23-2022 01:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Global Phosphate Rock Industry Current Scenario and Future Outlook

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Phosphate Rock industry suffered a huge setback due to halted production and a limited supply of raw materials.

With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.

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Key Segments Covered in the Phosphate Rock Industry Survey

By Application

Phosphate Rock for Fertilizers
Phosphate Rock for Food & Feed Additives
Phosphate Rock for Industrial Applications
Phosphate Rock for Other Applications

Infrastructure Expansion in the U.S. is Fueling Demand for Phosphate Rock

The Phosphate Rock chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.

However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Phosphate Rock chemical industry are gearing up to retain the industry's post-pandemic status.

Rising demand for Phosphate Rock dispersants from the construction and oil & gas industry is driving the Phosphate Rock chemical industry in the U.S. Phosphate Rock dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.

Increasing housing infrastructure projects are propelling Phosphate Rock dispersant sales, thus augmenting the growth of the Phosphate Rock chemical industry. The presence of leading players in the country is also driving sales and export in the Phosphate Rock chemical industry.

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Competitive Landscape

Companies involved in the phosphate rock value chain include mining companies, distributors, manufacturers, and end users. About 70% of the market players have vertically integrated operations and are involved in both mining and fertilizer production. In addition to lowering logistics costs, this scale of operations addresses supply chain challenges such as delivering products on time and reducing transport costs. Moreover, it assists in improving production quality and monitoring it more effectively.

The Mosaic Company announced in January 2019 that it had signed a Memorandum of Understanding (MoU) with Sinochem Fertilizer Company Limited for the supply of phosphate rock and fertilizers.
With the help of Indian Potash Ltd (IPL), IFFCO announced the acquisition of 37.0% interest in JPMC, the largest mining and chemical company in Jordan, for nearly Rs 900 crore in May 2018.
The Centrex Metals Company newly started mining phosphate rock in Ardmore, Northwest Queensland, Australia in August 2021, and is expected to produce 800 kilotons of phosphate rock each year, which can be used to produce 600 kilotons of phosphate fertilizer.

U.K is Capitalizing on Phosphate Rock Binders for Sustainable Construction Activities

The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Phosphate Rock chemical industry.

In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Phosphate Rock chemical industry are striving to achieve the pre-pandemic status by opting for various Phosphate Rock and inHigh Purity Quartz Sand growth strategies.

In the U.K, the growth of the Phosphate Rock industry can be attributed to the surging demand for Phosphate Rock binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Phosphate Rock binders are key factors leading the sales and demand.

Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Phosphate Rock binders, thus creating lucrative opportunities for several players operating in the Phosphate Rock chemical industry in the upcoming decade.

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China is Incorporating Phosphate Rock Pigments in Textiles and Visual Arts

The global hub for the Phosphate Rock chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.

China is a lucrative ground for the Phosphate Rock industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Phosphate Rock pigments is also gaining immense traction in China.

Phosphate Rock pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Phosphate Rock pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Phosphate Rock industry.

Additionally, the wide range of unique shades available in Phosphate Rock pigments makes them a preferred choice for visual arts as well. The consumption of Phosphate Rock pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Phosphate Rock pigments and creating lucrative opportunities for players operating in the Phosphate Rock industry.

India Will Showcase High Demand for Speciality Phosphate Rock

India is emerging as a lucrative market for the Phosphate Rock chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.

The Phosphate Rock industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.

Leading players operating in the Phosphate Rock industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.

The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Phosphate Rock and will continue augmenting the growth of the Phosphate Rock chemical industry.

Key Long-Term Trends

The global Phosphate Rock industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Phosphate Rock industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:

Chemoinformatic

The Phosphate Rock industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Phosphate Rock chemical products.

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