Global Phosphate Market Projected to Show Strong Growth by 2026Posted by swamiv on November 25th, 2019 Global phosphate market, By Type (Ammonium Phosphate, Calcium Phosphate, Phosphoric Acid, Potassium Phosphate, Sodium Tripolyphosphate, Others), By Type of Resource (Sedimentary Marine Deposits, Igneous & Weathered, Biogenic, Others Market Analysis: Global Phosphate MarketThe global phosphate market is expected to reach USD 77.12 billion by 2025, from USD 68.38 billion in 2017 growing at a CAGR of 2.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Get inquire before buying @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-phosphate-market Market Definition: Global Phosphate MarketPhosphorus is one of the most common elements in environment and is essential to human, animal and plant life. It is found naturally in food, water and human bodies. In human body, phosphorus is present in genes, teeth, bones and muscles. phosphorus is present in adenosine triphosphate. Phosphorus compound can be used in various applications including pharmaceuticals, personal care products, industrial & institutional cleaners, in fire extinguishers, and others. Phosphorus is vital for high value crops, with increase in population the consumption of fruits and vegetables is growing day by day. According to The Mosaic Company, in 2016, phosphorus demand reached a record of 67 million tonnes due to increased use in china for applications in fruits and vegetables. Due to increasing demand for phosphorous in countries like China, India, the demand for phosphorus will grow in the near future. Major market drivers and restraints:
Market Segmentation: Global Phosphate MarketCompetitive Analysis: Global Phosphate MarketThe Global phosphate market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of phosphate market for global, Europe, North America, Asia Pacific and South America. About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Contact: Data Bridge Market Research Tel: +1-888-387-2818 Report Related Like it? Share it!More by this author |