01 March 2021
Visiongain has published a new report on Phosphate Rock Market Report to 2031: Forecasts By Deposits (Sedimentary Marine, Igneous, Metaphoric, Biogenic, Others) By Application (Fertilizers, Animal Feed Supplements, Metallurgy, Chemicals, Food Preservatives, Water Treatment, Anti-corrosion agents , Cosmetics, Detergents, Other Application) By Grade (Agricultural Grade, Industrial Grade, Commercial Grade) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for Phosphate Rock would be around $x million in 2020 and is projected to grow at a CAGR of x% during the forecast period 2021-2031. Phosphate rocks (PRs) are ideal for long-term crops such as permanent pastures, planting crops due to their controlled release properties. They can work even on seasonal crops in very acidic soils. In long-term crops, there is a time lag between the time the PR is applied and plant availability. However, the delay can be shortened through amendment of the PR, as well as overcoming the requirement for greater soil acidity in seasonal plants for effective use of PRs. PRs could be applied more widely if the resulting increases in yield are predictable and profitable. This would help countries, particularly those with indigenous PR resources, to achieve economic development and minimise pollution in industrialised countries
Phosphate Rock Market – Our new market research study shows trends, developments, progress in R&D and forecast revenue till 2031. The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
What factors could lead to an expansion of the Phosphate Rock market?
The production of domestic phosphate rock in 2019 was reduced by the temporary closure of one mine in Florida and the reduction of phosphate rock inventories by companies. Because of lower output of phosphoric acid and fertiliser, domestic consumption was 4 % lower. Imported phosphate rock and temporarily closing another plant in Louisiana in the fourth quarter of 2019 were lower in 2018 due to a permanent shutdown of the phosphoric acid plant in Louisiana at the end of 2018. As part of a corporate restructuring in June 2019, the US leading phosphoric rock manufacturer permanently closed a phosphoric acid and fertiliser plant. The facility was idle since 2017 and the plant supplied phosphate rock mine ended in late 2018.
What regions are the champions of Phosphate Rock market growth?
In 2018, a Russian company resumed phosphate rock production in Syria. The mine was shut down by the conflicts in the region since late 2015. A 50-year business agreement with the Syrian Government was concluded by the Russian company for the mine's use. Around 2.2 million tonnes were planned for production every year. There was no verification of production data for Syria. World consumption of P2O5 in phosphoric acid, fertilisers and other products, from 47 million tonnes in 2019, was projected to increase to 50 million tonnes in 2022. About 75 percent of projected growth was in Africa, India and South America. U.S. P2O5 consumed between 4,0 and 4,5 million tonnes annually, according to expectations.
Leading companies and the potential for market growth
Ma’aden Phosphate Company
Groupe Chimique Tunisien SA
The General Company of Phosphate and Mines
Jordan Phosphate Mines Co. P.L.C
The Mosaic Company
Overall world revenue for Phosphate Rock Market will surpass $x million in 2020, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How the Phosphate Rock Market report helps you
In summary, our 200+ page report provides you with the following knowledge:
• How Phosphate Rock is Geographically distributed?
• What are Supply and demand considerations for Phosphate Rock?
• What is the Status of Global Supply of Phosphate Rock?
• How much Demand for Phosphate Rock in the Global Market?
• Which are the Substitutability Issues for Phosphate Rock?
• What is the Lead times for Phosphate Rock?
• Phosphate Rock Industry Knowledge of Country Sources
• Which are the Factors Affecting Purchasing Decisions?
• Comparisons of domestic products, subject imports, and non-subject imports
• Comparison of Global Produced and Imported Phosphate Rock
• What are Elasticity Estimates for Phosphate Rock?
• Revenue forecasts to 2031 for Phosphate Rock Market, with forecasts for Deposits, Application, Grade, DDD each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Phosphate Rock.
The Phosphate Rock Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Notes for Editors
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The production of domestic phosphate rock in 2019 was reduced by the temporary closure of one mine in Florida and the reduction of phosphate rock inventories by companies. Because of lower output of phosphoric acid and fertiliser, domestic consumption was 4 % lower.
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