Global Phosphates Market to Reach 64.2 Million Metric Tons by 2030
In the changed post COVID-19 business landscape, the global market for Phosphates estimated at 52.3 Million Metric Tons in the year 2022, is projected to reach a revised size of 64.2 Million Metric Tons by 2030, growing at a CAGR of 2.6% over the analysis period 2022-2030. Fertilizers, one of the segments analyzed in the report, is projected to record a 2.4% CAGR and reach 46.1 Million Metric Tons by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Animal Nutrition segment is readjusted to a revised 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at 14.2 Million Metric Tons, While China is Forecast to Grow at 4.4% CAGR
The Phosphates market in the U.S. is estimated at 14.2 Million Metric Tons in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 12.4 Million Metric Tons by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 8.1 Million Metric Tons by the year 2030.
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
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
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