Global Phosphate Market 2022-2028
Phosphates are usually used as compounds of phosphate ions in combination with one or more common elements, such as sodium, calcium, potassium, and aluminum. Phosphate products are a significant part of everyday living. The global phosphate market is anticipated to increase by USD 3 billion till 2028 at an average annual growth of 2.3 percent as per the latest report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global phosphate market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the phosphate industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for phosphate can be segmented by product: calcium phosphate, diammonium phosphate (DAP), monoammonium phosphate (MAP), others. Among these, the DAP segment was accounted for the highest revenue generator in 2021. Phosphate market is further segmented by application: animal feed, fertilizers, food and beverages, others. The fertilizers segment is estimated to account for the largest share of the global phosphate market. Based on region, the phosphate market is segmented into: Asia Pacific, Europe, North America, MEA (Middle East and Africa), Latin America. Asia Pacific held the largest share of the global phosphate market in 2021 and is anticipated to hold its share during the forecast period.
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