Market Overview:
The global ferric phosphate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lithium-ion batteries, coatings, and pesticides. Ferric pyrophosphate is used as an additive in lithium-ion batteries, which helps in improving the performance of these batteries. Additionally, ferrous phosphate is used as a coating material for various applications such as automotive parts and furniture owing to its corrosion resistance properties.
Product Definition:
Ferric phosphate is an inorganic compound with the formula FePO4. It is a dark red solid that occurs naturally as the mineral siderite. Ferric phosphate can be produced by mining and purifying natural siderite ore, or by reacting iron(III) oxide with phosphoric acid.
Ferric Pyro Phosphate:
Ferric pyrophosphate, also known as iron pyrophosphate or ferrochelatase is an inorganic compound. It occurs in two forms - monohydrate and trihydrate. Monohydrate has a deep blue color and crystalline structure whereas trihydrate has a light blue color with amorphous crystals.
Ferrous Phosphate:
Ferrous phosphate is a source of iron phosphate used in the production of Ferric Phosphate. It is commercially available in two forms namely, hexagonal and monoclinic. The product has high demand from the steel industry as it provides superior properties such as corrosion resistance, hardness, strength and anti-oxidation which are essential for manufacturing steel products.
Application Insights:
The lithium-ion battery application segment accounted for a revenue share of more than 30.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for electric vehicles, coupled with rising consumer preference for hybrid and electric passenger cars, is anticipated to drive the product demand in this application over the coming years.
Increasing use of pesticides as an effective tool against crop damage by various pests has resulted in high product demand from this sector over the past few years. However, stringent government regulations regarding usage of pesticides are expected to hamper market growth from 2018 to 2030 owing to which many farmers have started using iron phosphate instead which can be easily applied compared with other forms of pesticides resulting in higher market penetration during future periods.
Other applications include steel manufacturing.
Regional Analysis:
Asia Pacific dominated the global ferric phosphate market in 2016 and is expected to continue its dominance over the forecast period. The presence of key players in China coupled with high demand from end-use industries such as agriculture, mining, coatings and others are some of the major factors contributing to regional growth.
China is a major consumer for both primary as well as secondary batteries owing to growing demand for electric vehicles and increasing energy storage applications across various sectors such as residential, commercial, industrial and utility. Growing disposable income coupled with rising awareness regarding renewable energy sources is also expected to drive product consumption over the forecast period.
Growth Factors:
- Increasing demand from the agriculture sector for phosphate fertilizers as a result of growing population and rising food demand.
- Rapid industrialization in emerging economies, which is resulting in an increase in the demand for phosphate-based products used in various industries such as paper, textiles, detergents, and so on.
- Stringent environmental regulations to reduce emissions of greenhouse gases that are driving the adoption of ferric phosphate as a green alternative to other phosphorus-based products.
- Growing awareness about the benefits of using ferric phosphate over other phosphorus-based products among consumers due to its ecofriendly nature.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferric Phosphate Market Research Report
By Type
Ferric Pyro Phosphate, Ferrous Phosphate
By Application
Lithium-Ion Batterie, Coating, Pesticide, Others
By Companies
Crest Industrial Chemicals, Imperial Chem Incorporation, Merck, Jost Chemical, American Elements, Hefei Asialon Chemical, Aarvee Chemicals, Zhengzhou Ruipu Biological Engineering, Charkit Chemical Corporation, ILVE Chemicals, Pd Navkar Bio-chem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Ferric Phosphate Market Report Segments:
The global Ferric Phosphate market is segmented on the basis of:
Types
Ferric Pyro Phosphate, Ferrous Phosphate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lithium-Ion Batterie, Coating, Pesticide, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Crest Industrial Chemicals
- Imperial Chem Incorporation
- Merck
- Jost Chemical
- American Elements
- Hefei Asialon Chemical
- Aarvee Chemicals
- Zhengzhou Ruipu Biological Engineering
- Charkit Chemical Corporation
- ILVE Chemicals
- Pd Navkar Bio-chem
Highlights of The Ferric Phosphate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ferric Pyro Phosphate
- Ferrous Phosphate
- By Application:
- Lithium-Ion Batterie
- Coating
- Pesticide
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferric Phosphate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferric phosphate is a mineral found in nature. It is a white, crystalline powder that can be easily dissolved in water. Ferric phosphate is used as an additive to food products to improve their color and flavor.
Some of the key players operating in the ferric phosphate market are Crest Industrial Chemicals, Imperial Chem Incorporation, Merck, Jost Chemical, American Elements, Hefei Asialon Chemical, Aarvee Chemicals, Zhengzhou Ruipu Biological Engineering, Charkit Chemical Corporation, ILVE Chemicals, Pd Navkar Bio-chem.
The ferric phosphate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferric Phosphate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ferric Phosphate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferric Phosphate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ferric Phosphate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ferric Phosphate Market Size & Forecast, 2020-2028
4.5.1 Ferric Phosphate Market Size and Y-o-Y Growth
4.5.2 Ferric Phosphate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ferric Pyro Phosphate
5.2.2 Ferrous Phosphate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Lithium-Ion Batterie
6.2.2 Coating
6.2.3 Pesticide
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferric Phosphate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ferric Phosphate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ferric Pyro Phosphate
9.6.2 Ferrous Phosphate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Lithium-Ion Batterie
9.10.2 Coating
9.10.3 Pesticide
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ferric Pyro Phosphate
10.6.2 Ferrous Phosphate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Lithium-Ion Batterie
10.10.2 Coating
10.10.3 Pesticide
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ferric Pyro Phosphate
11.6.2 Ferrous Phosphate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Lithium-Ion Batterie
11.10.2 Coating
11.10.3 Pesticide
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ferric Pyro Phosphate
12.6.2 Ferrous Phosphate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Lithium-Ion Batterie
12.10.2 Coating
12.10.3 Pesticide
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ferric Pyro Phosphate
13.6.2 Ferrous Phosphate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Lithium-Ion Batterie
13.10.2 Coating
13.10.3 Pesticide
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ferric Phosphate Market: Competitive Dashboard
14.2 Global Ferric Phosphate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crest Industrial Chemicals
14.3.2 Imperial Chem Incorporation
14.3.3 Merck
14.3.4 Jost Chemical
14.3.5 American Elements
14.3.6 Hefei Asialon Chemical
14.3.7 Aarvee Chemicals
14.3.8 Zhengzhou Ruipu Biological Engineering
14.3.9 Charkit Chemical Corporation
14.3.10 ILVE Chemicals
14.3.11 Pd Navkar Bio-chem
