Phosphate Rock Market
Phosphate Rock Market Forecasts to 2028 – Global Analysis By Source (Biogenic Deposits, Igneous Phosphate Deposits), Distribution Channel (Online, Offline), Application (Chemicals, Consumer Goods, Cosmetics), and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2021) |
US $21.07 BN |
Projected Year Value (2028) |
US $27.54 BN |
CAGR (2021 - 2028) |
3.9% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Phosphate Rock Market is accounted for $21.07 billion in 2021 and is expected to reach $27.54 billion by 2028 growing at a CAGR of 3.9% during the forecast period. Phosphorous is obtained from Phosphate rock which is utilized to manufacture chemicals. Phosphate rock is a sedimentary non-detrital rock that contains large quantity of phosphate minerals. This rock is also referred to as phosphorite or rock phosphate. It is formed in the form of calcium phosphate and typically seen in oceans. The phosphate rock market can be segmented on the basis of sources from which it is mined such as marine phosphate deposits, igneous phosphate deposits, metamorphic deposits, biogenic deposits, and weathered deposits.
Market Dynamics:
Driver:
Growing occurrence of plant and crop diseases
The growing occurrences of plant and crop diseases are driving the growth of the market. Diseases are a significant source of crop and plant damage, which may be caused by several plant pathogenic organisms. Diseases often have a substantial economic impact on quality and yield; hence disease management is an indispensable component of production for the majority of the crops. Fungicides, in general, find usage for disease control during the planting and growth of a crop, increased productivity, and reducing blemishes. Diseased food crops typically produce less as their leaves, necessary for photosynthesis, are affected by the disease. It has been found that one in every eight crop plants fails to yield owing to fungal disease, thereby necessitating the need for crop protection policies.
Restraint:
Presence of substitutes
The market growth is likely to be slowed due to the availability of alternatives, in terms of rising commodity demand. For instance, due to its low cost, phytase is favoured over feed phosphate in the animal feed industry. The product has related characteristics, such as enhancing the resilience of the bone, metabolism and energy enhancement. Phytase also encourages high feed consumption, thereby aiding in livestock physical growth. Over the next few years, the effects of phytase are predicted to adversely affect the development of the phosphate rock industry.
Opportunity:
Rising world population
In the future, the global phosphate rock market is set to rise dramatically due to the rising world population and related food production, which results in increasing the demand for phosphate fertilizers. For instance, it is projected that the global population will reach 9.6 billion by 2050, placing pressure on farmers to grow more to feed this huge population. Food demand needs to rise by 70 percent by 2050 in order to feed such a vast number of people, according to the Food and Agriculture Organization's projections. Then crop production will require additional land for cultivation along with agricultural intensification, both of which will lead to increased demand for phosphate fertilizers.
Threat:
Ban on the usage of phosphate
The ban on the use of phosphate in laundry detergents in Europe and North America negatively affects the demand for phosphate in detergents in these regions. Additionally, Australia banned the use of phosphate in laundry detergents in 2014. This is because the presence of phosphates in water bodies affects the aquatic and marine life by producing excess phosphorous.
The fertilizer segment is expected to be the largest during the forecast period
The fertilizer segment is estimated to have a lucrative growth owing the increasing use of fertilizers in agriculture to provide the soil with adequate nutrients. In fertilizers, phosphate rock is used as a raw material. It is the only source of phosphorous used in the manufacture of fertilizers for phosphorus, phosphorous and potassium (NPK). Development is driven by the growing use of fertilizers in the cultivation of crops to satisfy the increasing demand for food. In addition, to boost consumer growth, growing demand for the commodity as an antioxidant and preservative to increase the flavor and shelf life of packaged food is expected.
The sedimentary marine deposits segment is expected to have the highest CAGR during the forecast period
The sedimentary marine deposits segment is anticipated to witness the fastest CAGR growth during the forecast period as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and the internet connectivity. Moreover, it provides a supplementary channel for marketing and selling of products, providing lesser marketing costs as compared to offline sales channels.
Region with highest share:
North America is projected to hold the largest market share during the forecast period. It is driven by an increase in food and feed production to meet the rising needs of livestock and humans. The U.S. is one of the largest producers of cereals, grains, and oilseeds. According to the Food and Agriculture Organization, food production has to increase by 70% by 2050 in order to supply food for the global population. According to data published by National Agricultural Statistics Service Information, the per capita consumption of poultry and red meat in the U.S. increased to 224.63 pounds per person from 224.10 pounds per person in 2019. The growing demand for high-quality meat is projected to boost the demand for animal feed with high nutrition, which, in turn, is expected to drive the market for phosphate rock in the region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the growing industrialization in this region and agriculture being the backbone of emerging economies. It is anticipated to show significant growth in the years to come. The agriculture sector in APAC is expanding and the population is mainly dependent on the domestic farming sector. These factors are encouraging farmers to increase land productivity by using several soil inputs, thus propelling the regional market growth. This has triggered an increase in the demand for phosphate rock thus driving the growth in this region.
Key players in the market
Some of the key players profiled in the Phosphate Rock Market include Centrex Metals, Groupe Chimique Tunisien SA, Guizhou Kailin Holdings (Group) Co., Ltd., Hubei Xingfa Chemicals, Jordan Phosphate Mines Co. P.L.C, Ma’aden Phosphate Company, Misr Phosphate, OCP S.A, PJSC PhosAgro, Prayon S.A, Solvay SA, The General Company of Phosphate and Mines, The Mosaic Company, Vale S.A, and Wengfu Group.
Key Developments:
In August 2021, Centrex Metals started a new mine project for phosphate rock in Ardmore, Northwest Queensland, Australia. This mine is likely to produce 800 kilotons of phosphate rock reach year, which can translate into 600 kilotons of phosphate fertilizers. Australia and New Zealand import million tons of phosphate rock each year from the Western Sahara region.
In January 2019, the Mosaic Company made an announcement about signing of an MoU (Memorandum of Understanding) for the supply of phosphate rock and phosphate fertilizers to Sinochem Fertilizer Company Limited.
Sources Covered:
• Biogenic Deposits
• Igneous Phosphate Deposits
• Metamorphic Deposits
• Sedimentary Marine Deposits
• Weathered Deposits
Distribution Channels Covered:
• Online
• Offline
Applications Covered:
• Animal Feed Supplements
• Chemicals
• Consumer Goods
• Cosmetics
• Detergents
• Fertilizer
• Food Preservatives
• Fungicides
• Industrial
• Metallurgy
• Water Treatment
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2020, 2021, 2022, 2025, and 2028
- 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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 Phosphate Rock Market, By Source
5.1 Introduction
5.2 Biogenic Deposits
5.3 Igneous Phosphate Deposits
5.4 Metamorphic Deposits
5.5 Sedimentary Marine Deposits
5.6 Weathered Deposits
6 Global Phosphate Rock Market, By Distribution Channel
6.1 Introduction
6.2 Online
6.3 Offline
7 Global Phosphate Rock Market, By Application
7.1 Introduction
7.2 Animal Feed Supplements
7.3 Chemicals
7.4 Consumer Goods
7.5 Cosmetics
7.6 Detergents
7.7 Fertilizer
7.8 Food Preservatives
7.9 Fungicides
7.10 Industrial
7.11 Metallurgy
7.12 Water Treatment
8 Global Phosphate Rock 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 Centrex Metals
10.2 Groupe Chimique Tunisien SA
10.3 Guizhou Kailin Holdings (Group) Co., Ltd.
10.4 Hubei Xingfa Chemicals
10.5 Jordan Phosphate Mines Co. P.L.C
10.6 Ma’aden Phosphate Company
10.7 Misr Phosphate
10.8 OCP S.A
10.9 PJSC PhosAgro
10.10 Prayon S.A
10.11 Solvay SA
10.12 The General Company of Phosphate and Mines
10.13 The Mosaic Company
10.14 Vale S.A
10.15 Wengfu Group
List of Tables
1 Global Phosphate Rock Market Outlook, By Region (2020-2028) ($MN)
2 Global Phosphate Rock Market Outlook, By Source (2020-2028) ($MN)
3 Global Phosphate Rock Market Outlook, By Biogenic Deposits (2020-2028) ($MN)
4 Global Phosphate Rock Market Outlook, By Igneous Phosphate Deposits (2020-2028) ($MN)
5 Global Phosphate Rock Market Outlook, By Metamorphic Deposits (2020-2028) ($MN)
6 Global Phosphate Rock Market Outlook, By Sedimentary Marine Deposits (2020-2028) ($MN)
7 Global Phosphate Rock Market Outlook, By Weathered Deposits (2020-2028) ($MN)
8 Global Phosphate Rock Market Outlook, By Distribution Channel (2020-2028) ($MN)
9 Global Phosphate Rock Market Outlook, By Online (2020-2028) ($MN)
10 Global Phosphate Rock Market Outlook, By Offline (2020-2028) ($MN)
11 Global Phosphate Rock Market Outlook, By Application (2020-2028) ($MN)
12 Global Phosphate Rock Market Outlook, By Animal Feed Supplements (2020-2028) ($MN)
13 Global Phosphate Rock Market Outlook, By Chemicals (2020-2028) ($MN)
14 Global Phosphate Rock Market Outlook, By Consumer Goods (2020-2028) ($MN)
15 Global Phosphate Rock Market Outlook, By Cosmetics (2020-2028) ($MN)
16 Global Phosphate Rock Market Outlook, By Detergents (2020-2028) ($MN)
17 Global Phosphate Rock Market Outlook, By Fertilizer (2020-2028) ($MN)
18 Global Phosphate Rock Market Outlook, By Food Preservatives (2020-2028) ($MN)
19 Global Phosphate Rock Market Outlook, By Fungicides (2020-2028) ($MN)
20 Global Phosphate Rock Market Outlook, By Industrial (2020-2028) ($MN)
21 Global Phosphate Rock Market Outlook, By Metallurgy (2020-2028) ($MN)
22 Global Phosphate Rock Market Outlook, By Water Treatment (2020-2028) ($MN)
23 North America Phosphate Rock Market Outlook, By Country (2020-2028) ($MN)
24 North America Phosphate Rock Market Outlook, By Source (2020-2028) ($MN)
25 North America Phosphate Rock Market Outlook, By Biogenic Deposits (2020-2028) ($MN)
26 North America Phosphate Rock Market Outlook, By Igneous Phosphate Deposits (2020-2028) ($MN)
27 North America Phosphate Rock Market Outlook, By Metamorphic Deposits (2020-2028) ($MN)
28 North America Phosphate Rock Market Outlook, By Sedimentary Marine Deposits (2020-2028) ($MN)
29 North America Phosphate Rock Market Outlook, By Weathered Deposits (2020-2028) ($MN)
30 North America Phosphate Rock Market Outlook, By Distribution Channel (2020-2028) ($MN)
31 North America Phosphate Rock Market Outlook, By Online (2020-2028) ($MN)
32 North America Phosphate Rock Market Outlook, By Offline (2020-2028) ($MN)
33 North America Phosphate Rock Market Outlook, By Application (2020-2028) ($MN)
34 North America Phosphate Rock Market Outlook, By Animal Feed Supplements (2020-2028) ($MN)
35 North America Phosphate Rock Market Outlook, By Chemicals (2020-2028) ($MN)
36 North America Phosphate Rock Market Outlook, By Consumer Goods (2020-2028) ($MN)
37 North America Phosphate Rock Market Outlook, By Cosmetics (2020-2028) ($MN)
38 North America Phosphate Rock Market Outlook, By Detergents (2020-2028) ($MN)
39 North America Phosphate Rock Market Outlook, By Fertilizer (2020-2028) ($MN)
40 North America Phosphate Rock Market Outlook, By Food Preservatives (2020-2028) ($MN)
41 North America Phosphate Rock Market Outlook, By Fungicides (2020-2028) ($MN)
42 North America Phosphate Rock Market Outlook, By Industrial (2020-2028) ($MN)
43 North America Phosphate Rock Market Outlook, By Metallurgy (2020-2028) ($MN)
44 North America Phosphate Rock Market Outlook, By Water Treatment (2020-2028) ($MN)
45 Europe Phosphate Rock Market Outlook, By Country (2020-2028) ($MN)
46 Europe Phosphate Rock Market Outlook, By Source (2020-2028) ($MN)
47 Europe Phosphate Rock Market Outlook, By Biogenic Deposits (2020-2028) ($MN)
48 Europe Phosphate Rock Market Outlook, By Igneous Phosphate Deposits (2020-2028) ($MN)
49 Europe Phosphate Rock Market Outlook, By Metamorphic Deposits (2020-2028) ($MN)
50 Europe Phosphate Rock Market Outlook, By Sedimentary Marine Deposits (2020-2028) ($MN)
51 Europe Phosphate Rock Market Outlook, By Weathered Deposits (2020-2028) ($MN)
52 Europe Phosphate Rock Market Outlook, By Distribution Channel (2020-2028) ($MN)
53 Europe Phosphate Rock Market Outlook, By Online (2020-2028) ($MN)
54 Europe Phosphate Rock Market Outlook, By Offline (2020-2028) ($MN)
55 Europe Phosphate Rock Market Outlook, By Application (2020-2028) ($MN)
56 Europe Phosphate Rock Market Outlook, By Animal Feed Supplements (2020-2028) ($MN)
57 Europe Phosphate Rock Market Outlook, By Chemicals (2020-2028) ($MN)
58 Europe Phosphate Rock Market Outlook, By Consumer Goods (2020-2028) ($MN)
59 Europe Phosphate Rock Market Outlook, By Cosmetics (2020-2028) ($MN)
60 Europe Phosphate Rock Market Outlook, By Detergents (2020-2028) ($MN)
61 Europe Phosphate Rock Market Outlook, By Fertilizer (2020-2028) ($MN)
62 Europe Phosphate Rock Market Outlook, By Food Preservatives (2020-2028) ($MN)
63 Europe Phosphate Rock Market Outlook, By Fungicides (2020-2028) ($MN)
64 Europe Phosphate Rock Market Outlook, By Industrial (2020-2028) ($MN)
65 Europe Phosphate Rock Market Outlook, By Metallurgy (2020-2028) ($MN)
66 Europe Phosphate Rock Market Outlook, By Water Treatment (2020-2028) ($MN)
67 Asia Pacific Phosphate Rock Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Phosphate Rock Market Outlook, By Source (2020-2028) ($MN)
69 Asia Pacific Phosphate Rock Market Outlook, By Biogenic Deposits (2020-2028) ($MN)
70 Asia Pacific Phosphate Rock Market Outlook, By Igneous Phosphate Deposits (2020-2028) ($MN)
71 Asia Pacific Phosphate Rock Market Outlook, By Metamorphic Deposits (2020-2028) ($MN)
72 Asia Pacific Phosphate Rock Market Outlook, By Sedimentary Marine Deposits (2020-2028) ($MN)
73 Asia Pacific Phosphate Rock Market Outlook, By Weathered Deposits (2020-2028) ($MN)
74 Asia Pacific Phosphate Rock Market Outlook, By Distribution Channel (2020-2028) ($MN)
75 Asia Pacific Phosphate Rock Market Outlook, By Online (2020-2028) ($MN)
76 Asia Pacific Phosphate Rock Market Outlook, By Offline (2020-2028) ($MN)
77 Asia Pacific Phosphate Rock Market Outlook, By Application (2020-2028) ($MN)
78 Asia Pacific Phosphate Rock Market Outlook, By Animal Feed Supplements (2020-2028) ($MN)
79 Asia Pacific Phosphate Rock Market Outlook, By Chemicals (2020-2028) ($MN)
80 Asia Pacific Phosphate Rock Market Outlook, By Consumer Goods (2020-2028) ($MN)
81 Asia Pacific Phosphate Rock Market Outlook, By Cosmetics (2020-2028) ($MN)
82 Asia Pacific Phosphate Rock Market Outlook, By Detergents (2020-2028) ($MN)
83 Asia Pacific Phosphate Rock Market Outlook, By Fertilizer (2020-2028) ($MN)
84 Asia Pacific Phosphate Rock Market Outlook, By Food Preservatives (2020-2028) ($MN)
85 Asia Pacific Phosphate Rock Market Outlook, By Fungicides (2020-2028) ($MN)
86 Asia Pacific Phosphate Rock Market Outlook, By Industrial (2020-2028) ($MN)
87 Asia Pacific Phosphate Rock Market Outlook, By Metallurgy (2020-2028) ($MN)
88 Asia Pacific Phosphate Rock Market Outlook, By Water Treatment (2020-2028) ($MN)
89 South America Phosphate Rock Market Outlook, By Country (2020-2028) ($MN)
90 South America Phosphate Rock Market Outlook, By Source (2020-2028) ($MN)
91 South America Phosphate Rock Market Outlook, By Biogenic Deposits (2020-2028) ($MN)
92 South America Phosphate Rock Market Outlook, By Igneous Phosphate Deposits (2020-2028) ($MN)
93 South America Phosphate Rock Market Outlook, By Metamorphic Deposits (2020-2028) ($MN)
94 South America Phosphate Rock Market Outlook, By Sedimentary Marine Deposits (2020-2028) ($MN)
95 South America Phosphate Rock Market Outlook, By Weathered Deposits (2020-2028) ($MN)
96 South America Phosphate Rock Market Outlook, By Distribution Channel (2020-2028) ($MN)
97 South America Phosphate Rock Market Outlook, By Online (2020-2028) ($MN)
98 South America Phosphate Rock Market Outlook, By Offline (2020-2028) ($MN)
99 South America Phosphate Rock Market Outlook, By Application (2020-2028) ($MN)
100 South America Phosphate Rock Market Outlook, By Animal Feed Supplements (2020-2028) ($MN)
101 South America Phosphate Rock Market Outlook, By Chemicals (2020-2028) ($MN)
102 South America Phosphate Rock Market Outlook, By Consumer Goods (2020-2028) ($MN)
103 South America Phosphate Rock Market Outlook, By Cosmetics (2020-2028) ($MN)
104 South America Phosphate Rock Market Outlook, By Detergents (2020-2028) ($MN)
105 South America Phosphate Rock Market Outlook, By Fertilizer (2020-2028) ($MN)
106 South America Phosphate Rock Market Outlook, By Food Preservatives (2020-2028) ($MN)
107 South America Phosphate Rock Market Outlook, By Fungicides (2020-2028) ($MN)
108 South America Phosphate Rock Market Outlook, By Industrial (2020-2028) ($MN)
109 South America Phosphate Rock Market Outlook, By Metallurgy (2020-2028) ($MN)
110 South America Phosphate Rock Market Outlook, By Water Treatment (2020-2028) ($MN)
111 Middle East & Africa Phosphate Rock Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Phosphate Rock Market Outlook, By Source (2020-2028) ($MN)
113 Middle East & Africa Phosphate Rock Market Outlook, By Biogenic Deposits (2020-2028) ($MN)
114 Middle East & Africa Phosphate Rock Market Outlook, By Igneous Phosphate Deposits (2020-2028) ($MN)
115 Middle East & Africa Phosphate Rock Market Outlook, By Metamorphic Deposits (2020-2028) ($MN)
116 Middle East & Africa Phosphate Rock Market Outlook, By Sedimentary Marine Deposits (2020-2028) ($MN)
117 Middle East & Africa Phosphate Rock Market Outlook, By Weathered Deposits (2020-2028) ($MN)
118 Middle East & Africa Phosphate Rock Market Outlook, By Distribution Channel (2020-2028) ($MN)
119 Middle East & Africa Phosphate Rock Market Outlook, By Online (2020-2028) ($MN)
120 Middle East & Africa Phosphate Rock Market Outlook, By Offline (2020-2028) ($MN)
121 Middle East & Africa Phosphate Rock Market Outlook, By Application (2020-2028) ($MN)
122 Middle East & Africa Phosphate Rock Market Outlook, By Animal Feed Supplements (2020-2028) ($MN)
123 Middle East & Africa Phosphate Rock Market Outlook, By Chemicals (2020-2028) ($MN)
124 Middle East & Africa Phosphate Rock Market Outlook, By Consumer Goods (2020-2028) ($MN)
125 Middle East & Africa Phosphate Rock Market Outlook, By Cosmetics (2020-2028) ($MN)
126 Middle East & Africa Phosphate Rock Market Outlook, By Detergents (2020-2028) ($MN)
127 Middle East & Africa Phosphate Rock Market Outlook, By Fertilizer (2020-2028) ($MN)
128 Middle East & Africa Phosphate Rock Market Outlook, By Food Preservatives (2020-2028) ($MN)
129 Middle East & Africa Phosphate Rock Market Outlook, By Fungicides (2020-2028) ($MN)
130 Middle East & Africa Phosphate Rock Market Outlook, By Industrial (2020-2028) ($MN)
131 Middle East & Africa Phosphate Rock Market Outlook, By Metallurgy (2020-2028) ($MN)
132 Middle East & Africa Phosphate Rock Market Outlook, By Water Treatment (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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