Phosphate Rock Market

Phosphate Rock Market Trends & Growth Analysis – Latest Insights

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12646
  • Published Date: Jan, 2022
  • Pages: 239
  • Category: Chemicals & Materials
  • Format: PDF
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Market Dynamics

Drivers

  • Growing demand for food across the globe

The demand for phosphate rock is rising due to the growing world population. This has resulted in the demand for more food production. According to the United Nations, the global population is expected to reach 9.2 billion by 2050. This has indicated that the rising population will increase the need for food by 70% in the next 30 years. This has resulted in the need to intensify food production. The world will not be able to meet its growing food production demand without the use of fertilizers. Thus, the rising demand for food production is driving the growth of phosphate rock fertilizers.

  • Rising demand for phosphate rock from the animal feed industry

Feed phosphorus is an inorganic salt of phosphoric acid that can be extracted from phosphate salt. Phosphorus is used primarily as calcium phosphate (MCP) and monocalcium phosphate (MCP) in feed (DCP). Other types of feed phosphates include tricalcium phosphate, mono-dicalcium phosphate, and defluorinated phosphate. Phosphorus is one of the essential nutrients in animal feed, and it helps to increase fertility, bone resilience, and metabolism in animals. Therefore, increasing demand for phosphate rock from the animal feed industry is boosting the market’s growth.

  • Political-economic supply disruption risks

There is a high concentration of production of rock phosphate in a small number of countries. Currently, the production of rock phosphate takes place in China, Brazil, Canada, US, and Morocco. North African and Middle Eastern countries account for 80% of the total global export of phosphate rock. Therefore, there is a significant risk of supply chain disruption as the major producing countries are experiencing geopolitical issues. Thus, the risk of supply chain disruption may hinder the growth of the market over the forecast period.

Opportunities

  • Increasing vertical integration in the phosphate rock industry

The global phosphate rock industry is showing a tendency towards vertical integration. The mining companies who mine the phosphate rock are also producing the fertilizers, animal feed, and other derivatives of phosphate rock. Therefore, rising vertical integration in the phosphate rock industry is offering lucrative opportunities for the key players in the global phosphate rock market.

Challenges

  • Adverse impact on the environment

There is an adverse impact of phosphate rock during both processes, such as production and consumption. The main issues that occur during the phosphate rock are land disturbance, air pollution, and water contamination. These adverse impacts come in every stage of mining, from mining development, extraction to mining closure. The increased awareness about the negative phosphate rock impact on the environment is affecting the structure of the phosphate rock industry. Thus, rising awareness about the adverse effect of phosphate rock on the environment could hinder the market's growth over the forecast period.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Source
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising demand for phosphate rock across the end use industries
          5.2.2. Increasing use of P fertilizers across the globe
    5.3. Restrains
          5.3.1. Negative impact on the environment
    5.4. Opportunities
          5.4.1. Rising research and development activities
    5.5. Challenges
          5.5.1. Rising supply chain disruption

6. Global Phosphate Rock Market Analysis and Forecast, By Source
    6.1. Segment Overview
    6.2. Marine Phosphate Deposits
    6.3. Igneous Phosphate Deposits
    6.4. Metamorphic Deposits
    6.5. Biogenic Deposits
    6.6. Weathered Deposits

7. Global Phosphate Rock Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Fertilizers
    7.3. Animal Feed
    7.4. Others

8. Global Phosphate Rock Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Phosphate Rock Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Phosphate Rock Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Phosphate Resources Ltd.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Nutrien Ltd.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Yunnan Phosphate Haikou Co., Ltd.
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. GUIZHOU CHANHEN CHEMICAL CORPORATION
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Itafos
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Misr Phosphate
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Hubei Xingfa Chemicals Group Co., Ltd.
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. J R Simplot
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. The Mosaic Company
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. OCP
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. PhosAgro
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Wengfu
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
 

List of Table

1. Global Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

2. Global  Marine Phosphate Deposits, Phosphate Rock  Market, By Region, 2018–2030 (USD Billion) (K Tons)

3. Global Igneous Phosphate Deposits, Phosphate Rock Market, By Region, 2018–2030 (USD Billion) (K Tons)

4. Global  Metamorphic Deposits, Phosphate Rock  Market, By Region, 2018–2030 (USD Billion) (K Tons)

5. Global Biogenic Deposits, Phosphate Rock Market, By Region, 2018–2030 (USD Billion) (K Tons)

6. Global Weathered Deposits, Phosphate Rock Market, By Region, 2018–2030 (USD Billion) (K Tons)

7. Global Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

8. Global Fertilizers Market, By Region, 2018–2030 (USD Billion) (K Tons)

9. Global Animal Feed, Phosphate Rock Market, By Region, 2018–2030 (USD Billion) (K Tons)

10. Global Others, Phosphate Rock Market, By Region, 2018–2030 (USD Billion) (K Tons)

11. Global Phosphate Rock Market, By Region, 2018–2030 (USD Billion) (K Tons)

12. North America Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

13. North America Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

14. U.S. Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

15. U.S. Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

16. Canada Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

17. Canada Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

18. Mexico Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

19. Mexico Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

20. Europe Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

21. Europe Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

22. Germany Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

23. Germany Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

24. France Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

25. France Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

26. U.K. Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

27. U.K. Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

28. Italy Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

29. Italy Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

30. Spain Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

31. Spain Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

32. Asia Pacific Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

33. Asia Pacific Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

34. Japan Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

35. Japan Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

36. China Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

37. China Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

38. India Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

39. India Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

40. South America Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

41. South America Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

42. Brazil Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

43. Brazil Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

44. Middle East and Africa Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

45. Middle East and Africa Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

46. UAE Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

47. UAE Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

48. South Africa Phosphate Rock Market, By Source, 2018–2030 (USD Billion) (K Tons)

49. South Africa Phosphate Rock Market, By Application, 2018–2030 (USD Billion) (K Tons)

List of Figures 

1. Global Phosphate Rock Market Segmentation

2. Phosphate Rock Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Phosphate Rock Market Attractiveness Analysis By Source

9. Global Phosphate Rock Market Attractiveness Analysis By Application

10. Global Phosphate Rock Market Attractiveness Analysis By Region

11. Global Phosphate Rock Market: Dynamics

12. Global Phosphate Rock Market Share By Source(2021 & 2030)

13. Global Phosphate Rock Market Share By Application(2021 & 2030)

14. Global Phosphate Rock Market Share by Regions (2021 & 2030)

15. Global Phosphate Rock Market Share by Company (2021)

This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global Phosphate Rock market on the basis of below mentioned segments:

Global Phosphate Rock Market by Source:

  • Marine Phosphate Deposits
  • Igneous Phosphate Deposits
  • Metamorphic Deposits
  • Biogenic Deposits
  • Weathered Deposits

Global Phosphate Rock Market by Application:

  • Fertilizers
  • Animal Feed
  • Others                

 Global Phosphate Rock Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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