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APAC Magnesium Phosphate Market to register extensive growth via food & beverage and industries

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

Asia Pacific dominates the magnesium phosphate market and holds the maximum volume share of over 45% in 2017. Rising food & beverage and agriculture industries in this region are projected to fuel the market demand. Growing government focus and support on training the farmers to enhance plant growth, crop nutrition and yield are further driving the business growth.

Regionally, the magnesium phosphate market drift has been quite commendable across the United States, with heavy applications in pharmaceutical sector. The increasing geriatric population base which has been heavily spending in orthopaedics and dental care has been one of the vital contributors to the regional magnesium phosphate market growth. As per the estimates by CDC, arthritis incidence in the United States is estimated to surpass 78.4 million by 2040. With U.S. at the growth front, overall North America magnesium phosphate industry procured 15% of the global share in 2017 and is estimated to register a CAGR of 3% over 2018-2024.

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Food & beverage application is anticipated to witness a significant growth over the forecast period. This growth can be credited to factors such as enhanced energy production, maintaining mineral balance and enzyme activity regulation. Strong outlook in bakery industry as a leavening agent will enhance the product penetration in food industry. In addition, reduced chances of diabetes, heart diseases and hypertension will propel the business size.

Potential application in food & beverages, pharmaceuticals, fertilizers and feed application are propelling the magnesium phosphate market growth. Increasing product demand for oxidative phosphorylation, DNA synthesis, glycolysis, bone structural development and energy production will drive the industry demand.

Advanced biomedical sector to cure skeletal disorders including osteoporosis and arthrodesis has enhanced the product penetration in healthcare industry. Rising use of magnesium phosphate as bone graft substitute owing to its effective mechanical properties, biocompatibility and biodegradability will further stimulate the magnesium phosphate market demand.

Strong outlook for mineral rich feed products to improve milk production, enhance immunity and prevent hymagnesaemia in ruminants will propel the magnesium phosphate market growth. Growing dietary and nutritional product demand especially in developed regions will have a positive outlook for business growth. The efficient product usage in preventing kidney stone has also fueled the product penetration. Technological development in agricultural and pharmaceutical industries will boost the global magnesium phosphate demand.

Global magnesium phosphate market is competitive in nature. Key industry participants are Jostchemical, Refractory Minerals Company, Innophos, Triveni Chemicals, Celtic Chemicals and KRONOX Lab Science. Other prominent players are American Elements, Anmol Chemicals Group, Nithyasri Chemicals, Nikunj Chemicals, Powder Pack Chem, Redox, Shanpar, Hap Seng, Pacific Chemicals Company and Nexgen Chemicals. Manufacturers are anticipated to gain a larger market share by adopting various strategies such as merger & acquisition, R&D investments and supply agreements.

Glimpse of Table of Content (ToC)

Chapter 3.  Magnesium Phosphate Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Manufacturers

3.3.2.   Profit margin analysis

3.3.3.   Distribution channel analysis

3.3.3.1.   Distributors and dealers

3.3.3.2.   Digitalization

3.3.4.   End-users

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. Technology landscape

3.4.1.   Production process

3.5. Global phosphate rock industry overview

3.5.1.   Global mined phosphate rock, by region

3.5.2.   Global phosphate rock reserves, by region

3.6. Consumer buying behavior

3.6.1.   Unmet needs

3.6.2.   Information search

3.6.3.   Evaluation of alternatives

3.6.4.   Purchase decision

3.6.5.   Post purchase behaviour

3.7. Regulatory landscape

3.7.1.   U.S.

3.7.2.   Europe

3.7.3.   China

3.8. Pricing analysis, by region

3.8.1.   North America

3.8.2.   Europe

3.8.3.   Asia Pacific

3.8.4.   Latin America

3.8.5.   MEA

3.8.6.   Cost structure analysis, 2017

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.   Latin America

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. Top players overview

3.12.2. Market share analysis, 2017

3.12.3. Key stake holders

3.12.4. Strategy dashboard

3.13.    Porter’s analysis

3.14.  PESTLE analysis

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

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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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