+1-888-308-5802     
News Contact Us

Asia Pacific Phosphate Market Size 2025 To Gain Commendable Proceeds Via Agriculture Sector

Author : Ronak Bora | Published Date : 2019-07-10 

Asia Pacific is projected as fastest growing region in phosphate market. Increasing awareness about product amongst farmers, growing demand for harvesting and rising agriculture is driving the phosphate industry demand in the region. Indian agriculture sector contributes over 13% of its gross domestic product. China is a major contributor in agriculture and ranked first worldwide in farm output, primarily producing wheat, tomato, cotton and barley. Product’s extensive usage as an essential component in fertilizers is bolstering its demand in agriculture industry.

The U.S. is world’s crucial pharmaceutical industry. It accounts for over 40% of global industry by hosting many top companies that are contributing in the medicine industry globally. The product is widely used in medicines to prevent kidney stone formation in body. Flourishing pharmaceutical industry in North America will surge phosphate market in forecast time period.

Request for a Table of Content of this research report @ https://www.gminsights.com/request-toc/upcoming/1853

Australia is one of the major consumer and producer of meat worldwide. People in the country consumes over 190 lbs. of meat every year. Wide usage of rock in meat processing to preserve its natural taste for maximum duration of time is uplifting the phosphate market.

Phosphate Market size will register significant gains over the projected time period. It is a rock used to make calcium nutritional supplements for animals. Its purest form is utilized to formulate chemicals in the industry and fertilizers for agriculture. Product is natural occurring found in minerals, they are also mined to obtain phosphorus from the material. Substance contains properties of softness, flexibility, resistance to crack, waterproof and clarity that has boosted the phosphate industry demand and usage in various industries.

Agricultural industry drives the phosphate market, it will surge to over 4% from 1.2% in the forecast period. The rock is extensively used to produce fertilizers for agricultural fields, it helps a plant to convert other nutrients into usable building blocks with which they can grow. Fertilizers are significantly consumed by the crops and plants in agricultural fields to increase productivity and life span of the fields. Growing product demand in agricultural industry will positively influence phosphate industry.

Pharmaceutical industry will grow at over 10% in near future. The product is commonly used in medicines to make urine more acidic that helps to prevent kidney stone formation in human body. Increasing problem of kidney stone due to unhealthy diet and lifestyle of people has accelerated demand for product in medicines and has boosted phosphate market.

Request for a Customization of this research report @ https://www.gminsights.com/roc/1853

Factors hindering phosphate market growth includes its side effects on human body. Excessive usage of substance can lead to vomiting, nausea, stomach pain, muscle pain, weakness, numbness and tingly feelings. Increasing consumers awareness and product’s ill effects is becoming an obstacle in consumption of the substance.

Prominent players in phosphate market are Mosaic Company, Israel Chemicals Ltd, Saudi Arabian Mining Company, S.A OCP, PJSC PhosAgro, Potash Corporation, EuroChem, Innophos Holdings, Agrium Inc. and Jordan Mines Company. EuroChem, the second largest apatite concentration producer in Russia expanded its mines in 2015. Objective of expansion was growth, up gradation and renovation of whole mining program. Enlargement will increase the supply demand ratio over next five years, the company is one of those four companies that are mining rocks in huge quantity globally.      

 

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.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

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

Related News

Asia Pacific Recyclable Thermosets Market Size 2025 Will Witness Tremendous Growth Via Plastic Production

Published Date: 2019-07-17         Author: Ronak Bora

Recyclable thermosets market Asia Pacific thermoset market size was the largest and is also expected to witness highest gains at over 11% up to 2023 owing to growth of end-use industries such as automobile and construction. North America is expected to witness significant gains at over 10% from 2016... Read More

Asia Pacific Phosphate Fertilizers Market Size To Register Extensive Growth Up to 2025

Published Date: 2019-07-17         Author: Ronak Bora

Asia Pacific phosphate fertilizer market size was dominant and accounted for more than 55% total demand in 2015. China was major producer and is anticipated to add production capacities over the forecast period owing to rise in crop demand. North America accounted for over 25% in 2015. Latin America... Read More

North America Leather Chemicals Market Size To Procure Substantial Returns From Footwear Applications

Published Date: 2019-07-17         Author: Ronak Bora

Speaking of shoes, footwear applications dominated the overall leather chemicals market in 2016 with a contribution of more than 50%, and is expected to grow significantly over the years ahead, owing to enhanced consumer lifestyles, high demand for worker safety in manufacturing industries, and the ... Read More

© 2019 Fractovia. All Rights Reserved