World Phosphates Market to Reach 61 Million Metric Tons by 2012, According to New Report by Global Industry Analysts

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Encouraged by stable demand patterns in developing countries, and the lack of regulatory restrictions in these markets, world phosphates market is projected to reach 61 million metric tons by the year 2012. The relatively staid growth patterns in the developed markets are expected to be partially offset by the growth in developing markets of Asia-Pacific, and Latin America.

Phosphates: A Global Strategic Business Report

In Asia-Pacific, and Latin America, growth is spurred by moderately high usage of phosphates in end-use applications such as fertilizers and detergents. Unlike the developed markets of North America and Europe, where use of phosphates in detergents has declined over the years, due to environmental concerns such as eutrophication, in developing markets of Asia-Pacific, and Latin America, lack of environmental legislations offer opportunities for growth. Consumption of phosphates in animal nutrition is expected to post sturdy growth in the world market driven largely by the growing preference of meat producers for inorganic phosphate supplements, in comparison to meat and bone meal. Recurrent outbreak of foot-and-mouth and bovine spongiform encephalopathy (BSE) diseases is a major factor influencing the shift towards inorganic phosphate feed. Industrial and food and beverage end-use application markets are rising in importance, given the growing consumption of industrial and food phosphates. Growth in these markets is expected to stem from greater demand for food products, soft drinks, industrial water treatment chemicals, metal treating, and pharmaceuticals.

As stated by the recent report published by Global Industry Analysts, Inc., world phosphates market is dominated by Asia-Pacific, and Latin America, which together corner over 68% of the global consumption estimated in the year 2008. In Europe, consumption of phosphates in animal nutrition end-use market is forecast to reach 1097 thousand metric tons by 2012. Within Europe, France represents the largest individual market for phosphates with a 12.3% share estimated in the year 2008, followed by Russia, Spain Italy, Germany and the United Kingdom.    

Global market for phosphorous fertilizers is driven by high consumption levels in developing and large populous countries such as India, China, Brazil, Indonesia, Mexico and Argentina due to greater food requirements. World consumption of phosphates in the fertilizers end-use market is expected to rise by 5367 thousand metric tons over the period 2008 to 2012. Fertilizer industries in Asia-Pacific, Latin America, Europe, and the United States consume over 92% of phosphates demanded in this market worldwide. World consumption of phosphates in detergents, food and beverages, and flame-retardants is rapidly expanding, with a potential to wax at a projected CAGR of 2.71% over the period of 2011 through 2015.

Leading global, and regional players operating in the industry include Agrium Inc, CF Industries Inc, EuroChem Mineral and Chemical Company, ICL Group Ltd, Innophos Inc, JSC Acron, Office Cherifien des Phosphates, PotashCorp, Prayon Group, Phosagro Group, Rhodia Novecare, Sichuan Chuanxi Xingda Chemical Co. Ltd, and The Mosaic Company, among others.

The report titled "Phosphates: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. End-use markets analyzed in the report include Fertilizers, Animal Nutrition, and Detergents, Food & Beverages, and Flame Retardants. Latent demand patterns in end-use markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Russia, China, and Latin America, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this research report, please visit http://www.strategyr.com/Phosphates_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.strategyr.com/

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