Global Demand for Phosphate Rock Size Is Expand At A CAGR of 2.75% By 2032 | Fact.MR Forecasts

The global phosphate rock market size was valued at US$ 21.41 Bn in 2021 and is expected to expand at a CAGR of 2.75% between 2022 and 2032. The market is expected to reach US$ 28.86 Bn worldwide by the end of 2032.

Demand for phosphate rock is expected to rise over the forecast period because fertilizers are expected to increase over the forecast period. In the coming years, the growing global population and the food industry are expected to increase the demand for grains and cereals.

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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.

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Key Companies Profiled

• OCP Group
• The Mosaic Company
• Ma'aden
• PhosAgro
• Guizhou Kailin Holdings (Group) Co. Ltd.
• Yuntianhua Group
• Misr Phosphate
• Hubei Xingfa Chemicals
• Wengfu Group
• Yunnan Phosphate Haikou Co. Ltd. (YPH)

Key Segments Covered in the Phosphate Rock Industry Survey

• By Application

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

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

The report covers following Phosphate rock Market insights and assessment that are helpful for all participants involved in the Phosphate rock market:

 Data on recently introduced regulations and their impact on key industries and on demand in Phosphate rock

 Latest industry Analysis on Phosphate rock Market, with key analysis of market drivers, trends, and influencing factors

 Key trends Analysis of Phosphate rock Market and changing consumer preferences in major industries.

 Changing Phosphate rock demand and consumption of diverse products

 Major trends underlining funding by key investors in numerous countries

 New investment opportunities in diverse technology and product or service types

 Comprehensive data and Competitive analysis of Phosphate rock major players

 Phosphate rock Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery

 Phosphate rock demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Phosphate rock report include:

 How the market for Phosphate rock has grown?
 What is the present and future outlook of the global Phosphate rock on the basis of region?
 What are the challenges and opportunities for the Phosphate rock?
 Why the consumption of Phosphate rock highest in region?
 In which year segment is expected to overtake segment?

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Phosphate Rock Demand

4. Market Background and Foundation Data Points

4.1. Global Phosphate Rock Market (US$ Mn)

4.2. Phosphate Rock Market Opportunity Assessment (US$ Mn)

5. Key Success Factors

5.1. Manufacturers' Focus on Low Penetration High Growth Markets

5.2. Banking on with Segments High Incremental Opportunity

6. Global Phosphate Rock Market Demand Analysis 2015-2021 and Forecast, 2022-2032

6.1. Historical Market Analysis, 2015-2021

6.2. Current and Future Market Projections, 2022-2032
Contd…

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