인산염 시장 예측( -2030년) : 유형별, 자원별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Phosphates Market is accounted for $18.29 billion in 2024 and is expected to reach $24.37 billion by 2030 growing at a CAGR of 4.9% during the forecast period. Phosphates are necessary inorganic compounds made up of oxygen and phosphorus that are frequently mixed with other elements like sodium, potassium, or calcium. In both biological and industrial applications, they are essential. Phosphates play a crucial role in the biological processes of cellular energy transfer, genetics, and metabolism in living things because they are essential building blocks of DNA, RNA, and ATP. Fertilizers use them as a primary nutrient in agriculture, thereby increasing crop yield and soil fertility. Phosphates are used extensively in industry for their cleaning, emulsifying, and buffering qualities in food additives, detergents, and water treatment procedures.

According to the U.S. Geological Survey (USGS), U.S. marketable phosphate rock production in May 2023 was estimated to be 1.86 million metric tons, which was 15% higher than in April and 4% lower than in May 2022.

Market Dynamics:

Driver:

Growing interest in fertilizers

The United Nations predicts that by 2050, there will be close to 10 billion people on the planet, which will increase demand for food production. Because they are essential for root growth, flowering, and general plant health, phosphates are a key component of fertilizers. To sustain high crop yields, nations with sizable agricultural sectors-like China, India, and the United States-heavily depend on fertilizers based on phosphates. Additionally, the use of customized phosphate fertilizers that maximize nutrient delivery and efficiency has grown as a result of the move toward precision agriculture and soil fertility management.

Restraint:

Issues with the environment related to mining

Significant environmental effects of phosphate mining and processing include greenhouse gas emissions, habitat destruction, and water pollution. Large volumes of waste are frequently produced by mining operations, which can also cause radioactive elements and heavy metals to contaminate adjacent water bodies. Furthermore, air pollution is also caused by the release of dust and toxic gases during fertilizer production and mining. Stricter rules on mining operations have resulted from growing awareness of these environmental problems; this has slowed down new mining projects and raised compliance costs for phosphate producers.

Opportunity:

Technological developments in phosphate recycling

Phosphate recycling now offers a lot of opportunities as sustainability and resource conservation gain more attention. It is now possible to extract phosphorus from wastewater, sewage sludge, and agricultural runoff owing to innovative technologies like struvite crystallization and biological recovery techniques. In addition to lowering dependency on mining, these techniques lessen the pollution that phosphorus runoff causes to the environment. Moreover, to increase recycling efficiency, governments and organizations around the world are funding research and development (R&D).

Threat:

Growing rivalry from other sources of nutrients

The conventional phosphate market is increasingly under threat from the development of substitute nutrient sources, such as synthetic biology-based solutions, bio-fertilizers, and organic fertilizers. Customers and legislators who are interested in lessening the environmental impact of agriculture find these substitutes appealing since they are frequently seen as more environmentally friendly and sustainable. Additionally, these substitutes may take a sizable portion of the market as biotechnology developments increase their effectiveness and affordability, which would lower the need for fertilizers based on phosphates.

Covid-19 Impact:

The market for phosphates was affected in a variety of ways by the COVID-19 pandemic. Lockdowns, transportation restrictions, and a shortage of workers caused supply chains to break down, temporarily slowing mining and production operations. However, as food security became a top concern during the crisis, the demand for phosphate-based fertilizers was sustained by the agricultural sector's designation as an essential industry. On the other hand, decreased industrial activity and consumer spending led to a decline in the use of phosphates in industrial applications, such as chemicals and detergents. The necessity of regional self-sufficiency was also brought to light by the pandemic, which prompted a closer examination of supply chain dependencies and encouraged funding for regional phosphate production and recycling projects.

The Ammonium Phosphate segment is expected to be the largest during the forecast period

The ammonium phosphate segment is expected to account for the largest market share during the forecast period because it is widely used in the agricultural industry as a fertilizer. Ammonium phosphate fertilizers, like diammonium phosphate (DAP) and monoammonium phosphate (MAP), are prized for their high nutrient content. They combine phosphorus and nitrogen to boost crop yields and encourage plant growth. For the cultivation of cereals, grains, and other vital crops, these fertilizers are particularly crucial. Moreover, the world's population growth, rising food demand, and intensifying agriculture all contribute to the segment's dominance.

The Pharmaceuticals segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the pharmaceuticals segment is predicted to witness the highest growth rate because phosphates are increasingly being used in dietary supplements, nutraceutical, and medication formulations. In the pharmaceutical industry, phosphates are used as buffering agents, stabilizers, and necessary excipients that are crucial to preserving the stability and effectiveness of medications. The demand for phosphate-based drugs is being driven by the aging of the world's population, the increasing incidence of chronic illnesses, and rising healthcare costs. Additionally, the segment's explosive growth is also being fueled by developments in drug delivery systems and the growing use of phosphate compounds in specialized treatments like biopharmaceuticals and oncology.

Region with largest share:

During the forecast period, the Asia-Pacific region is expected to hold the largest market share. Asia-Pacific's position as the world's largest phosphate market is largely due to the high demand for phosphates in agricultural applications, especially in nations like China and India where the agricultural sector is vital to the economy. The region's large-scale farming practices and growing need for fertilizers to support expanding food production also contribute significantly to the high consumption of phosphate-based products. Furthermore, the region's rapid industrialization and population growth also contribute to the high demand for phosphates.

Region with highest CAGR:

Over the forecast period, the Middle East and Africa (MEA) region is anticipated to exhibit the highest CAGR. The primary cause of this growth is the growing need for phosphates in the agricultural sector, particularly for the production of fertilizer, which is motivated by the need to increase crop yields and guarantee food security. The region's nations are increasing their phosphate production capabilities, including Morocco, a major phosphate exporter. MEA is the phosphate market with the fastest rate of growth in the world. Moreover, this is due to the region's increasing emphasis on improving food production efficiency and agricultural sustainability.

Key players in the market

Some of the key players in Phosphates market include EuroChem Group AG, Innophos Holdings, Inc., Jordan Phosphate Mines Co. PLC, Yara International ASA, The Mosaic Company, OCP Group, PhosAgro AG, Solvay SA, ICL Group Ltd., Nutrien Ltd., Aditya Birla Chemicals Ltd., Israel Chemicals Ltd., Ma'aden-Saudi Arabian Mining Company, Haifa Chemicals Ltd. and Avantor Inc.

Key Developments:

In July 2024, Yara and Atome sign Heads of Terms for offtake from Atome's renewable CAN project in Villeta, Paraguay. Global demand for food is growing with the population, pushing the need for higher crop yields and more efficient fertilizer. Agriculture and food companies need cleaner and cost-effective fertilizers to reduce their carbon footprints.

In June 2024, Jordan Phosphates Mines Company (JPMC) is pleased to announce a strategic partnership with Waterise, a pioneering Norwegian start-up specialising in deep sea environmentally friendly desalination. Together, they will embark on an ambitious deep sea desalination project in the Gulf of Aqaba to meet the increasing water demand at JPMC's facilities.

In April 2024, Ma'aden and the Mosaic Company has announced that they have entered into a share purchase and subscription agreement. The agreement provides for the sale by Mosaic of all its shares in Ma'aden Wa'ad Al Shamal Phosphate Company, a joint venture investment among Ma'aden, Mosaic and Saudi Basic Industries Corporation, to Ma'aden in exchange for newly issued shares in Ma'aden.

Types Covered:

• Ammonium Phosphate
• Calcium Phosphate
• Potassium Phosphate
• Magnesium Phosphate
• Phosphoric Acid
• Sodium Phosphate
• Single Super Phosphate
• Triple Super Phosphate
• Iron Phosphate
• Other Types

Resources Covered:

• Sedimentary Marine Deposit
• Weathered Rock
• Biogenic
• Other Resources

Applications Covered:

• Fertilizers
• Detergents
• Food & Beverages
• Water Treatment Chemicals
• Metal Treatment
• Cosmetic & Personal Care
• Pharmaceuticals
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Phosphates Market, By Type

• 5.1 Introduction
• 5.2 Ammonium Phosphate
• 5.3 Calcium Phosphate
• 5.4 Potassium Phosphate
• 5.5 Magnesium Phosphate
• 5.6 Phosphoric Acid
• 5.7 Sodium Phosphate
• 5.8 Single Super Phosphate
• 5.9 Triple Super Phosphate
• 5.10 Iron Phosphate
• 5.11 Other Types

6 Global Phosphates Market, By Resource

• 6.1 Introduction
• 6.2 Sedimentary Marine Deposit
• 6.3 Weathered Rock
• 6.4 Biogenic
• 6.5 Other Resources

7 Global Phosphates Market, By Application

• 7.1 Introduction
• 7.2 Fertilizers
• 7.3 Detergents
• 7.4 Food & Beverages
• 7.5 Water Treatment Chemicals
• 7.6 Metal Treatment
• 7.7 Cosmetic & Personal Care
• 7.8 Pharmaceuticals
• 7.9 Other Applications

8 Global Phosphates Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 EuroChem Group AG
• 10.2 Innophos Holdings, Inc.
• 10.3 Jordan Phosphate Mines Co. PLC
• 10.4 Yara International ASA
• 10.5 The Mosaic Company
• 10.6 OCP Group
• 10.7 PhosAgro AG
• 10.8 Solvay SA
• 10.9 ICL Group Ltd.
• 10.10 Nutrien Ltd.
• 10.11 Aditya Birla Chemicals Ltd.
• 10.12 Israel Chemicals Ltd.
• 10.13 Ma'aden-Saudi Arabian Mining Company
• 10.14 Haifa Chemicals Ltd.
• 10.15 Avantor Inc.