Global Phosphates Industry

Global Phosphates Industry

  • April 2021 •
  • 263 pages •
  • Report ID: 5485907 •
  • Format: PDF
Abstract:
- Global Phosphates Market to Reach 81 Million Metric Tons by 2027
- Amid the COVID-19 crisis, the global market for Phosphates estimated at 68.5 Million Metric Tons in the year 2020, is projected to reach a revised size of 81 Million Metric Tons by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Fertilizers, one of the segments analyzed in the report, is projected to record a 2.4% CAGR and reach 58.9 Million Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Animal Nutrition segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 18.5 Million Metric Tons, While China is Forecast to Grow at 4.5% CAGR
- The Phosphates market in the U.S. is estimated at 18.5 Million Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 16.1 Million Metric Tons by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
- Other End-Uses Segment to Record 2.4% CAGR
- In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 6.7 Million Metric Tons in the year 2020 will reach a projected size of 7.7 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 11 Million Metric Tons by the year 2027, while Latin America will expand at a 3.2% CAGR through the analysis period.

- Select Competitors (Total 122 Featured) -
  • Acron Group
  • Anglo American Plc
  • CF Industries Holdings, Inc.
  • Coromandel International Limited
  • EuroChem Group
  • Fosfitalia Group
  • Israel Chemicals Limited
  • Itafos
  • LANXESS AG
  • Nutrien Ltd.
  • OCP Group
  • Phosphate Resources Limited
  • Prayon S.A.
  • Sichuan Chuanxi Xingda Chemical Co. Ltd.
  • The Mosaic Company
  • United Phosphorus Limited
  • Wengfu Group
  • Yara International ASA