Market Overview:
The global phosphorite market is expected to grow at a CAGR of 3.5% from 2018 to 2030. The market growth is attributed to the increasing demand for phosphate fertilizers in the agriculture sector and rising awareness about the benefits of using phosphate-based fertilizers among farmers. Moreover, growing population and subsequent increase in food demand are also expected to drive the growth of the global phosphorite market during the forecast period. On basis of type, marine phosphate deposits are estimated to account for a major share of the global phosphorite market in 2018. This can be attributed to their high phosphorus content as compared with other types of phosphorites such as igneous phosphate deposits and others.
Product Definition:
A phosphate mineral, such as apatite, that contains phosphorus in addition to calcium, fluorine, and oxygen. Phosphorite is an important source of phosphorus for use in agriculture and fertilizer.
Marine Phosphate Deposits:
Marine phosphate deposits are the primary source for phosphorous in aquatic organisms. Phosphate is a key component of bone formation and teeth development in humans and other land animals. Owing to this, marine phosphate deposits are being harvested from oceans & seas for commercial use as feedstock for human food & animal nutrition products globally. Marine phosphate rock accounts approximately 4% of total phosphorus on earth, while atmospheric phosphorus is only 0.25%.
Igneous Phosphate Deposits:
Igneous phosphate deposits are the primary source of phosphorite. Igneous phosphate deposits are formed by hydrothermal processes and contain high levels of P2O5 andPO4. Igneous phosphate deposits can be classified as sedimentary, carbonate or evaporite depending on their formation mechanism, location and time of formation.
Application Insights:
Fertilizer was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Phosphorite-based fertilizers are manufactured with high purity level ingredients, which provide superior quality for agricultural production. The product has a positive impact on crop yield as it helps in nutrient absorption by plants. It also acts as a catalyst, promoting faster plant growth and development.
The product is majorly used for manufacturing nitrogen (N) and phosphorus (P) fertilizers along with trace elements such as zinc (Zn), magnesium (Mg), iron (Fe), copper(Cu) & calcium phosphate {CaO}. Favorable government regulations regarding agriculture output are anticipated to boost industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing fertilizer production coupled with rising animal nutrition demand from China, India, and other Southeast Asian countries. In addition, rising phosphorite demand for steel manufacturing in Asia Pacific is also likely to propel market growth over the coming years.
The industry in North America was valued at USD X billion in 2017 owing to high phosphate rock reserves present across U.S.
Growth Factors:
- Increasing demand from the agricultural sector for phosphorus-based fertilizers is expected to drive the phosphorite market growth.
- Rapid industrialization and urbanization in developing countries is anticipated to boost the demand for phosphorite in various end-use industries such as agriculture, food & beverage, and pharmaceuticals.
- Growing awareness about the benefits of using phosphorus-based fertilizers is projected to fuel market growth over the forecast period.
- Stringent regulations on phosphate mining are likely to hamper market growth in some regions; however, this restraint is expected to be offset by increasing investments by key players in new mining projects across regions with high phosphorite reserves potentials. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Phosphorite Market Research Report
By Type
Marine Phosphate Deposits, Igneous Phosphate Deposits, Others
By Application
Fertilizer, Animal Nutrition, Detergent, Others
By Companies
OCP Group, Yunnan Phosphate Group, The Mosaic Company, Hubei Xingfa Chemicals, Kailin Group, Wengfu Group, PhosAgro, Nutrien, Jordan Phosphate Mines, Vales, El Nasr Mining Company, ICL Fertilizers, Ma'aden, J.R. Simplot Company, Copebrás(CMOC), Groupe Chimique Tunisien, GECOPHAM
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Phosphorite Market Report Segments:
The global Phosphorite market is segmented on the basis of:
Types
Marine Phosphate Deposits, Igneous Phosphate Deposits, Others
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
Fertilizer, Animal Nutrition, Detergent, 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:
- OCP Group
- Yunnan Phosphate Group
- The Mosaic Company
- Hubei Xingfa Chemicals
- Kailin Group
- Wengfu Group
- PhosAgro
- Nutrien
- Jordan Phosphate Mines
- Vales
- El Nasr Mining Company
- ICL Fertilizers
- Ma'aden
- J.R. Simplot Company
- Copebrás(CMOC)
- Groupe Chimique Tunisien
- GECOPHAM
Highlights of The Phosphorite 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:
- Marine Phosphate Deposits
- Igneous Phosphate Deposits
- Others
- By Application:
- Fertilizer
- Animal Nutrition
- Detergent
- 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 Phosphorite 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?
Phosphorite is a mineral composed of phosphate and silica. It is most commonly found as a white or light-colored powder, but can also be seen in the form of crystals. Phosphorite has many uses, including in the production of phosphoric acid and other chemicals.
Some of the key players operating in the phosphorite market are OCP Group, Yunnan Phosphate Group, The Mosaic Company, Hubei Xingfa Chemicals, Kailin Group, Wengfu Group, PhosAgro, Nutrien, Jordan Phosphate Mines, Vales, El Nasr Mining Company, ICL Fertilizers, Ma'aden, J.R. Simplot Company, CopebrƒÂ¡s(CMOC), Groupe Chimique Tunisien, GECOPHAM.
The phosphorite market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Phosphorite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Phosphorite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Phosphorite Market - Supply Chain
4.5. Global Phosphorite Market Forecast
4.5.1. Phosphorite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Phosphorite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Phosphorite Market Absolute $ Opportunity
5. Global Phosphorite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Phosphorite Market Size and Volume Forecast by Type
5.3.1. Marine Phosphate Deposits
5.3.2. Igneous Phosphate Deposits
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Phosphorite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Phosphorite Market Size and Volume Forecast by Application
6.3.1. Fertilizer
6.3.2. Animal Nutrition
6.3.3. Detergent
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Phosphorite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Phosphorite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Phosphorite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Phosphorite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Phosphorite Demand Share Forecast, 2019-2026
9. North America Phosphorite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Phosphorite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Phosphorite Market Size and Volume Forecast by Application
9.4.1. Fertilizer
9.4.2. Animal Nutrition
9.4.3. Detergent
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Phosphorite Market Size and Volume Forecast by Type
9.7.1. Marine Phosphate Deposits
9.7.2. Igneous Phosphate Deposits
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Phosphorite Demand Share Forecast, 2019-2026
10. Latin America Phosphorite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Phosphorite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Phosphorite Market Size and Volume Forecast by Application
10.4.1. Fertilizer
10.4.2. Animal Nutrition
10.4.3. Detergent
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Phosphorite Market Size and Volume Forecast by Type
10.7.1. Marine Phosphate Deposits
10.7.2. Igneous Phosphate Deposits
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Phosphorite Demand Share Forecast, 2019-2026
11. Europe Phosphorite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Phosphorite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Phosphorite Market Size and Volume Forecast by Application
11.4.1. Fertilizer
11.4.2. Animal Nutrition
11.4.3. Detergent
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Phosphorite Market Size and Volume Forecast by Type
11.7.1. Marine Phosphate Deposits
11.7.2. Igneous Phosphate Deposits
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth PotentialAnalysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Phosphorite Demand Share, 2019-2026
12. Asia Pacific Phosphorite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Phosphorite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Phosphorite Market Size and Volume Forecast by Application
12.4.1. Fertilizer
12.4.2. Animal Nutrition
12.4.3. Detergent
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Phosphorite Market Size and Volume Forecast by Type
12.7.1. Marine Phosphate Deposits
12.7.2. Igneous Phosphate Deposits
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Phosphorite Demand Share, 2019-2026
13. Middle East & Africa Phosphorite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Phosphorite Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Phosphorite Market Size and Volume Forecast by Application
13.4.1. Fertilizer
13.4.2. Animal Nutrition
13.4.3. Detergent
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Phosphorite Market Size and Volume Forecast by Type
13.7.1. Marine Phosphate Deposits
13.7.2. Igneous Phosphate Deposits
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Phosphorite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Phosphorite Market: Market Share Analysis
14.2. Phosphorite Distributors and Customers
14.3. Phosphorite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. OCP Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yunnan Phosphate Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Mosaic Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hubei Xingfa Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kailin Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wengfu Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PhosAgro
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nutrien
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jordan Phosphate Mines
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vales
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. El Nasr Mining Company
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ICL Fertilizers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ma'aden
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. J.R. Simplot Company
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Copebrás(CMOC)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Groupe Chimique Tunisien
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GECOPHAM
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook