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A comprehensive insight into iron phosphate market, APAC will to hold the highest share during the forecast timeframe

Author : Ronak Bora | Published Date : 2019-08-09 

Asia Pacific iron phosphate market is the fastest growing region and is expected to be valued at over USD 370 million by 2024. This growth can be attributed to the increasing steel manufacturing units specially in the emerging economies including India, China and South Korea. Steel manufacturers are anticipated to implement vertical integration strategy to avoid additional expenses and gain competitive edge. Increasing necessity to prevent further oxidation of the metal will boost product demand across steel & metal industries.

With unprecedented technological and chemical advancements in the last few decades, the iron phosphate market has captivated a slew of industry verticals including agriculture, manufacturing and consumer goods. Iron Phosphate (FePO4) is an extremely useful inorganic compound that can be functional in organic farming as a pesticide ingredient, in children’s food as a nutrition fortifying component and as an additive in other food or beverage product. Extensive research and development activity instigated by pharmaceutical giants has shaped a critical customer base for the FePO4 compound, bolstering the global iron phosphate market. Earning an impressive USD 520 million in 2017, the remuneration contributed from applications in agricultural and health sectors can be ascribed to the rising population, which is certainly invigorating the iron phosphate industry.

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It is estimated that world population has surpassed 7.6 billion in 2018 and is straining the agro-based industries, which toil to meet the extraordinary demand for food and other consumables. The increasing need for boosting the agricultural produce has coerced efforts for the improvement of arable land and protecting fields against harmful organisms, imposing the necessity of the iron phosphate market in fertilizer and pesticide sectors. Further in the food segment, higher disposable income has led to a surge in expenditure on powdered drinks, dietary supplements and cereals which are enriched with the addition of FePO4.

As the healthcare industry is attempting to cope with increasing prevalence of diseases caused by nutritional deficiency as well as other chronic disorders, the iron phosphate market can be expected to undergo a tremendous transformation. Stating the evolution of the iron phosphate industry, a large number of pharmaceutical companies are coming up with ways to infuse FePO4 in treatments for lowering fibroblast growth factor 23 (FGF23), which is an important biomarker of chronic kidney disease.

Iron phosphate is used in animal feed to maintain their nutritional level and gain better productivity. Rising number of animals including dairy, poultry, and others and the need to maintain adequate iron levels in them will fuel the animal feed demand. Iron phosphate in the form of pesticides is used to target pests including slugs and snails. The demand for pesticides is increasing owing to need for increasing the farm productivity.

Ferric pyrophosphate is used to fortify foods including flour, bread, milk powder, biscuits, infant cereals, chocolate-drink powders, and beverages. It is also used as nutritional iron source in the form of excipients catering pharmaceutical industry. Surging demand for anti-anaemics to improve the red blood cells count will fuel the iron phosphate market growth.

Global iron phosphate market share is highly fragmented due to presence of large regional and international players. Jost Chemical Co., Merck, American Elements, Charkit Chemical Corporation, and ILVE Chemicals are among the key players. Other industrial participants include Spectrum Laboratory Products, Crest Industrial Chemicals, Imperial Chem Corporation, Hefei Asialon Chemical Co. Ltd., and Aarvee Chemicals.

Glimpse of Table of Content (ToC)

Chapter 3. Iron Phosphate Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Raw material suppliers

3.3.2.   Manufacturers

3.3.3.   Profit margin trends

3.3.4.   Distribution channel analysis

3.3.5.  Vendor matrix

3.3.5.1.  Key Manufacturers

3.3.5.2.  Product portfolio

3.3.5.3.  Global presence

3.4. Raw material trends

3.5. Technology landscape

3.5.1.   Production Process

3.6. Regulatory landscape, by region

3.6.1.  North America

3.6.2.      Europe

3.6.3.      Asia Pacific

3.6.4.      LATAM

3.6.5.      MEA

3.7. Global molluscicides industry outlook

3.8. Pricing analysis, by region

3.8.1.  Regional pricing

3.8.1.1.  North America

3.8.1.2.  Europe

3.8.1.3.  Asia Pacific

3.8.1.4.  Latin America

3.8.1.5.  MEA

3.8.2.  Cost structure analysis

3.9. Industry impact forces

3.9.1.   Growth drivers, by region

3.9.1.1.  North America

3.9.1.2.  Europe

3.9.1.3.  Asia Pacific

3.9.1.4.  LATAM

3.9.1.5.  MEA

3.9.2.   Industry pitfalls & challenges

3.10.    Innovation & sustainability

3.11.   Growth potential analysis, 2017

3.12.   Competitive landscape, 2017

3.12.1. Market share analysis, 2017

3.12.2. Top players overview

3.12.3. Brand analysis

3.12.4. Key stakeholders

3.12.5. Strategy dashboard

3.13.    Porter's analysis

3.14.    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/iron-phosphate-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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