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Phosphatic Fertilizers Market – New Revenue Pockets
Phosphate rock is the most mined in large open pit mines; notable deposits are in Morocco, China, Florida, and South America. Most phosphatic fertilizers come from phosphate rock, a mineral mined in massive quantities of millions of tons from locations globally. This mineral provides phosphorus needed by all plants for vigorous growth. This phosphate rock is occasionally used as a fertilizer without any further processing, especially in acid soils.
Rock phosphate fertilizers are becoming less common, as the raw rock provides relatively little phosphorous for its weight, and transportation costs make it more expensive than refined phosphate fertilizers. The process by which phosphate rock is converted to phosphate fertilizers involvesthe treatment with sulfuric acid; the result is often called superphosphate. This action with sulfuric acid draws the phosphates from the raw ore and creates a water soluble form. This is mixed with water to create a number of similar fertilizer compounds in a concentrated liquid form, which is easy to apply to fields and crops.
Fertilizer demand in Asia-Pacific has mainly been influenced by changing and interconnected aspects such as economic growth, population, growth of the agriculture sector, government policies, prices, and production. Asia-Pacific accounts for nealry50.0% to 60.0% of the total world nutrient use and about 40.0% of the worlds crop land. Superphosphate is a widely used phosphatic fertilizer and has quite a lot of growth potentialin future.
Phosphate Fertilizers Market By Active Ingredient (Diammonium Phosphate, Monoammonium Phosphate, Triple Superphosphate, Single Superphosphate, Superphosphate, Calcium Phosphate), By Crop Type Cereals & Grains, Oil Seeds, Fruits & Vegetables), By Geography: Trends & Forecasts To 2018
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