Phosphate Rocks Market is projected to register a CAGR of over 3% during the review period. The growth of the global phosphate rocks market is primarily driven by the its use in phosphorous production, which is further used as a chemical feedstock. The limited availability of cultivable land across the globe due to the industrialization and urbanization has resulted in an increased demand for fertilizers for crop production. With the growing population, the agricultural production has increased, which is projected to drive the growth of the global phosphate rocks market during the assessment period. However, the increasing adoption of environmentally friendly products due to stringent regulations associated with environment protection by the US Environmental Protection Agency and EU legislation is expected to hamper the market growth.
Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/8040
Competitive Analysis
Some of the prominent players in the global phosphate rocks are Nutrien Ltd. (Canada), Phosphate Resources Limited (Australia), Jordan Phosphate Mines Co (Jordan), Itafos (Canada), GCT (Saudi Arabia), OCP (South Africa), The Mosaic Company (US), Anglo American (UK), PhosAgro (Russia), and Maaden – Saudi Arabian Mining Company (Saudi Arabia).
Browse Full Report Details @
https://www.marketresearchfuture.com/reports/phosphate-rocks-market-8040
Segment Analysis
By application, the global phosphate rocks market has been segmented into fertilizers, animal feed supplements, chemicals, food preservatives, water treatment, fungicides, cosmetics, detergents, and others. Among these, the fertilizers segment dominated the global market in 2018 due to the extensive use of phosphorous in nitrogen, phosphorous, and potassium (NPK) fertilizers across the globe. The demand for NPK fertilizers is increasing as the components offer a number of benefits together, wherein nitrogen is responsible for the growth of leaves on the plant; phosphorus enhances root growth and flower and fruit development; whereas potassium is a nutrient that helps the overall functions of the plant perform correctly.
Industry News
About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Related Reports:
https://www.marketresearchfuture.com/reports/hydrazine-hydrate-market-6585
https://www.marketresearchfuture.com/reports/oxo-alcohol-market-6637
https://www.marketresearchfuture.com/reports/l-citrulline-market-799
https://www.marketresearchfuture.com/reports/sheet-molding-compound-smc-market-6625