250 Pages Phosphate Rock Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry survey by Fact MR, predicts Phosphate Rock sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Phosphate Rock. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Phosphate Rock across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Phosphate Rock. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Phosphate Rock
This newly published and insightful report sheds light on Market Insights of Phosphate Rock, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Phosphate Rock .
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Key Takeaways from the Market Study
- The global phosphate rock market is expected to reach a market size worth USD 22 Bn at the end of 2022.
- The Asia Pacific region accounted for 44.5% of global volumes in 2021
- In 2021, the Middle East and Africa held the second-largest share of the global market, and growth is forecast to be 2.2% from 2022 to 2032
- Fertilizers accounted for more than 76.5% of revenue in 2021
- About 70% of the market players operate vertically integrated businesses, which include both mining and fertilizer production
As the global food demand continues to increase, demand for nutrient rich fertilizers for food crops is increasing exponentially, providing immense opportunities to phosphate rock manufacturers to introduce new product lines, comments a Fact.MR analyst.
Competitive Landscape
Companies involved in the phosphate rock value chain include mining companies, distributors, manufacturers, and end users. About 70% of the market players have vertically integrated operations and are involved in both mining and fertilizer production. In addition to lowering logistics costs, this scale of operations addresses supply chain challenges such as delivering products on time and reducing transport costs. Moreover, it assists in improving production quality and monitoring it more effectively.
- The Mosaic Company announced in January 2019 that it had signed a Memorandum of Understanding (MoU) with Sinochem Fertilizer Company Limited for the supply of phosphate rock and fertilizers.
- With the help of Indian Potash Ltd (IPL), IFFCO announced the acquisition of 37.0% interest in JPMC, the largest mining and chemical company in Jordan, for nearly Rs 900 crore in May 2018.
- The Centrex Metals Company newly started mining phosphate rock in Ardmore, Northwest Queensland, Australia in August 2021, and is expected to produce 800 kilotons of phosphate rock each year, which can be used to produce 600 kilotons of phosphate fertilizer.
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Report AttributesValuesEstimated value of the Phosphate Rock Market in 2021USD 21.41 BnProjected value of the Phosphate Rock Market in 2022USD 22 BnProjected value of the Phosphate Rock Market in 2032US$ 28.86 BnCAGR during the forecast period, 2022-20322.75%Market share of APAC region during 202144.5%Expected CAGR of the APAC region, 2022- 20324%Market share of Fertilizers in 202176.5%Key Companies Profiled
- OCP Group
- The Mosaic Company
- Ma’aden
- PhosAgro
- Guizhou Kailin Holdings (Group) Co. Ltd.
- Yuntianhua Group
- Misr Phosphate
- Hubei Xingfa Chemicals
- Wengfu Group
- Yunnan Phosphate Haikou Co. Ltd. (YPH)
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Report Benefits & Key Questions Answered
- Phosphate Rock Company & brand share analysis: The report offers brand-share analysis on Phosphate Rock to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Phosphate Rock Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Phosphate Rock Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Phosphate Rock Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Phosphate Rock manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Phosphate Rock: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Phosphate Rock sales.
More Valuable Insights on Phosphate Rock
Fact.MR, in its new report, offers an unbiased Market Analysis of Phosphate Rock, Sales and Demand of Phosphate Rock , analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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