Phosphates Market
PUBLISHED: 2025 ID: SMRC28582
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Phosphates Market

Phosphates Market Forecasts to 2030 - Global Analysis By Type (Ammonium Phosphate, Calcium Phosphate, Potassium Phosphate, Magnesium Phosphate, Phosphoric Acid, Sodium Phosphate, Single Super Phosphate, Triple Super Phosphate, Iron Phosphate and Other Types), Resource, Application and By Geography

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4.5 (34 reviews)
Published: 2025 ID: SMRC28582

This report covers the impact of COVID-19 on this global market
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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
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 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
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
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.         
           
List of Tables           
1 Global Phosphates Market Outlook, By Region (2022-2030) ($MN)          
2 Global Phosphates Market Outlook, By Type (2022-2030) ($MN)          
3 Global Phosphates Market Outlook, By Ammonium Phosphate (2022-2030) ($MN)          
4 Global Phosphates Market Outlook, By Calcium Phosphate (2022-2030) ($MN)          
5 Global Phosphates Market Outlook, By Potassium Phosphate (2022-2030) ($MN)          
6 Global Phosphates Market Outlook, By Magnesium Phosphate (2022-2030) ($MN)          
7 Global Phosphates Market Outlook, By Phosphoric Acid (2022-2030) ($MN)          
8 Global Phosphates Market Outlook, By Sodium Phosphate (2022-2030) ($MN)          
9 Global Phosphates Market Outlook, By Single Super Phosphate (2022-2030) ($MN)          
10 Global Phosphates Market Outlook, By Triple Super Phosphate (2022-2030) ($MN)          
11 Global Phosphates Market Outlook, By Iron Phosphate (2022-2030) ($MN)          
12 Global Phosphates Market Outlook, By Other Types (2022-2030) ($MN)          
13 Global Phosphates Market Outlook, By Resource (2022-2030) ($MN)          
14 Global Phosphates Market Outlook, By Sedimentary Marine Deposit (2022-2030) ($MN)          
15 Global Phosphates Market Outlook, By Weathered Rock (2022-2030) ($MN)          
16 Global Phosphates Market Outlook, By Biogenic (2022-2030) ($MN)          
17 Global Phosphates Market Outlook, By Other Resources (2022-2030) ($MN)          
18 Global Phosphates Market Outlook, By Application (2022-2030) ($MN)          
19 Global Phosphates Market Outlook, By Fertilizers (2022-2030) ($MN)          
20 Global Phosphates Market Outlook, By Detergents (2022-2030) ($MN)          
21 Global Phosphates Market Outlook, By Food & Beverages (2022-2030) ($MN)          
22 Global Phosphates Market Outlook, By Water Treatment Chemicals (2022-2030) ($MN)          
23 Global Phosphates Market Outlook, By Metal Treatment (2022-2030) ($MN)          
24 Global Phosphates Market Outlook, By Cosmetic & Personal Care (2022-2030) ($MN)          
25 Global Phosphates Market Outlook, By Pharmaceuticals (2022-2030) ($MN)          
26 Global Phosphates Market Outlook, By Other Applications (2022-2030) ($MN)          
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

List of Figures

RESEARCH METHODOLOGY


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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