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.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Phosphate Rock Market both at worldwide and provincial levels.
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Market Players: –
- 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)
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.
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Phosphate Rock Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Phosphate Rock Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Phosphate Rock Market
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
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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The data provided in the Phosphate Rock Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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