Visiongain has published a new report on Phosphate Chemical Reagents Market Report to 2031: Forecasts By Application (Agriculture, Food and Beverage, Detergent, Chemical Intermediate, Others Application), By Type (Purity Above 99.0%, Purity Below 99.0%, Other Type) By Form (Granular, Liquid, Pellet, Other Forms) 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 Chemical Reagents would be around $x million in 2020 and is projected to grow at a CAGR of x% during the forecast period 2021-2031. Phosphate is the most commonly mineral-derived inorganic salt of phosphoric acid. Phosphates are widely used as fertilisers. They are also used, among other things, in animal feeding, detergents and food and drinks. The three phosphate types, which are widely used as fertilisers and can be water-soluble or insoluble, are monocalcium phosphates, dicalcium phosphates and trichocyte phosphates.
The use of phosphate fertilising products for agriculture is one of the key drivers on this market.
In plant growth and nutrition, phosphates are irreplaceable and thus essential for international food supply. Growing population growth leads to a growing market of food in these countries, leading to increased demand in countries such as India, China , Mexico and Indonesia. In addition , changes in household patterns have led to an increase in the demand for detergents in these countries. Furthermore, changing household patterns in these countries has also resulted in an increased demand for detergents. After fertilizers, detergents are another market segment that uses a large amount of phosphates. This in turn drives the phosphate chemical reagent market in this region.
What are the factors hindering growth of Phosphate Chemical Reagents in the global market?
Phosphates were banned from the manufacture of detergents in developed countries such as the United States and Japan by environmental agencies. Herstellers look for environmentally friendly phosphate replacements. Thus phosphate use has dropped dramatically in this region, which hampers the growth of the chemical phosphate market there. Over the course of a number of years, excessive use of phosphate chemicals has reduced the fertility of soil that affects cultivation. In addition, there are limited and weakening phosphate reserves. This has caused phosphates to fluctuate prices as a result of a supply shortage.
What regions are the champions of Phosphate Chemical Reagents market growth?
The Asia Pacific region, as a result of growing demand by agriculture, food and drinks, is expected to be the largest and fastest growing market for the phosphate chemical reagents market. As a cleansing agent, phosphate chemical reagents are used in detergents to make calcium and magnesium ion chelating detergents more efficient. The use of phosphate chemical reagent in detergents is likely to increase due to less stringent regulatory measures in Asia-Pacific. One of the key reasons for increasing demand for phosphate-based fertilisers in the Asia-Pacific region to help improve yields is a declining availability of arable land per capita in different countries like India , China and others.
Leading companies and the potential for market growth
EuroChem Mineral and Chemical
Phos Agro Group Agrium, Inc.
The Mosaic Company OCP Group
Euro Chem Mineral and Chemical Company
CF Industries, Inc
Overall world revenue for Phosphate Chemical Reagents 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 Chemical Reagents Market report helps you
In summary, our 200+ page report provides you with the following knowledge:
• What could be the best investment options for exploring new product and service lines?
• Which value propositions should companies aim at while creating new funding for research and development?
• Which regulations will help stakeholders to boost their network in the supply chain most?
• Which regions could see demand maturing in the near future in certain segments?
• What are some of the best strategies for cost optimization with suppliers with which some well-entrenched players have achieved success?
• What are the key perspectives leveraged by the C-suite to move companies to a new growth trajectory?
• Which government regulations could challenge key regional markets’ status?
• How will opportunities in key growth areas affect the emerging political and economic scenario?
• In different segments, what are some of the value-grab opportunities?
• Revenue forecasts to 2031 for Phosphate Chemical Reagents Market, with forecasts for Type, Application, Form, 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 Chemical Reagents.
The Phosphate Chemical Reagents 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.
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