Acquisitions and Agreements are the Key Strategies Adopted by the Leading Players in the Global Phosphate Market
The global phosphate market was USD 67.28 Billion in 2015 and is projected to reach USD 75.17 Billion by 2021, at a CAGR of 1.9% from 2016 to 2021. Agreements, acquisitions, joint ventures and expansions are the strategies adopted by the key players to strengthen their positions in the global phosphate market. The maximum number of strategic developments undertaken between 2011 and 2016 took place in Europe, followed by the Asia-Pacific region and North America.
The key players operating in the global phosphate market are The Mosaic Company (U.S.), S.A. OCP (Morocco), PJSC PhosAgro AG (Russia), EuroChem (Russia), and Agrium Inc. (Canada), Potash Corporation of Saskatchewan Inc. (Canada), Saudi Arabian Mining Company (MA’ADEN) (Saudi Arabia), Innophos Holdings, Inc. (U.S.), Israel Chemicals Ltd. (Israel), and Jordan Phosphate Mines Company (Jordan).
S.A. OCP (Morocco) is the major phosphate manufacturer, globally. The company has been focusing on agreements and expansions to strengthen its market. For instance, in February 2016, the company started production at its new facility at Morocco. The new facility includes units that can produce 1 million tons of fertilizer and 450,000 tons of phosphoric acid per annum. This would help the company to increase fertilizer production and meet the increasing demand from the agriculture industry. Also, the company signed an agreement with Prayon Technology (Belgium) to acquire Prayon’s water soluble monoammonium phosphate (MAP) fertilizer technology. This agreement helped the company expand its product offerings.
Israel Chemicals Ltd (Israel) is another key player in the global phosphate market. The company has been focusing on acquisitions as a part of its strategic development activities. In December 2014, Israel Chemicals (Israel) acquired Fosbrasil (Brazil) to produce purified phosphoric acid for the food & fertilizer market. This helped the company to strengthen its footprints in the growing market
This report provides a detailed analysis of the global phosphate market and segments the same based on type/derivative, application, type of resource and region. Based on type/derivative, the market has been segmented into ammonium phosphate, calcium phosphate, phosphoric acid, potassium phosphate, sodium tripolyphosphate, and others. Based on application, the market has been segmented into fertilizers, foods & beverages, detergents, water treatment chemicals, metal finishing, and others. Based on type of resource, the market has been segmented into sedimentary marine deposits, igneous & weathered, biogenic and others. Based on region, the market has been segmented into the Asia-Pacific region, Europe, North America, South America, and the Middle East & Africa.
Related Reports:
Phosphate Market by Type/Derivative (Ammonium Phosphate, Calcium Phosphate, Phosphoric Acid), Application (Fertilizers, Foods & Beverages, Detergents), Type of Resource (Sedimentary Marine Deposits, Igneous & Weathered, Biogenic) - Global Forecast to 2021
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