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Phosphate Salts Market - By Grade (Food, Technical, Pharma), By Products (Potassium Phosphates, Sodium Polyphosphates, Sodium Phosphates, Calcium Phosphates), By End-use (Dairy, Bakery, Beverages, Water treatment, Textiles, Paints & Coatings, Detergents) - Forecast to 2032

  • Report ID: GMI5480
  • Published Date: Mar 2023
  • Report Format: PDF

Phosphate Salts Market Size

Phosphate Salts Market size was more than USD 47 billion in 2022 and is poised to observe over 6.2% CAGR from 2023 to 2032 driven by high consumption of meat & poultry products.
 

Phosphate Salts Market

The increasing need for water treatment solutions will drive the market share. Phosphate salts are a type of water treatment chemical that is used to solve specific water quality problems caused due to inorganic contaminants such as manganese, iron, and calcium present in groundwater. It also helps in maintaining water quality by inhibiting biofilm & scale and corrosion, as well as reduction of lead & copper levels in the distribution system.
 

Growing urbanization, rapid expansion in the manufacturing sector, and regulatory requirements are some of the other major factors that will facilitate the need for water treatment solutions in the coming years. Initiatives taken by companies in the manufacturing domain as well as by state bodies worldwide towards low waste generation and awareness about new water treatment technologies are likely to offer a boost to the demand for wastewater treatment services.
 

Certain side effects associated with the use of phosphate salts such as stomach upset, diarrhea, and headache could impact phosphate salts market adoption. Regular & long-term product usage can disturb the body's equilibrium of phosphates and other compounds. Such a scenario can lead to the requirement for medical supervision to prevent major negative effects. However, the rising trend of weight loss and calorie reductions could foster industry landscape.
 

Phosphate Salts Market Analysis

Phosphate Salt Market, By Product

Phosphate salts market from the ammonium phosphate segment is projected to record a 5.5% CAGR between 2023 to 2032. Ammonium phosphates ensure that crops receive the required nutrients for necessary growth. With the increasing global population, it is estimated that the demand for food production technologies and advancements in agriculture will lead to an increased requirement for technical-grade ammonium phosphates. Ammonium phosphates are also used in the paint sector as curing agents and flame retardants. This is raising the demand for ammonium phosphates as an ingredient in paints & coatings could facilitate market development.
 

 

Phosphate salts market from the animal feed segment is forecasted to register a valuation of over USD 7 billion by 2032. Phosphorus is important for the growth & development of animal bones, teeth, and other tissues. The animal feed sector revolves around the production of feed for poultry and livestock, including chickens, cows, pigs & other farm animals. Technical-grade phosphates are particularly used in animal feed as a source of phosphorus, which is an essential mineral for animal health.
 

Phosphate Salts Market Share

Some of the leading companies operating in the phosphate salts market include:

  • Chengdu Talent Chemical Co. Ltd
  • Innophos
  • Hubei Xingfa Chemicals Group Co., Ltd
  • PhosAgro
  • Aditya Birla Chemicals
  • Sulux Phosphates
  • Haifa Group
  • Univar Solutions
  • Prayo
  • TKI Hrastnik d.d.

These companies are concentrating on expanding their business presence in different end-user sectors.
 

The Phosphate Salts Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:

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Market, By Grade

  • Food Grade
  • Technical Grade
  • Pharmaceutical Grade

Market, By Product

  • Aluminium Phosphates
    • Sodium Aluminum Phosphates (SALP)
    • Monoaluminium Phosphates (MALP)
  • Ammonium Phosphates
    • Monoammonium Phosphate (MAP)
    • Diammonium Phosphate (DAP)
  • Potassium Phosphates
    • Monopotassium Phosphate (MKP)
    • Dipotassium Phosphate (DKP)
    • Potassium Tripolyphosphate (KTPP)
  • Sodium Polyphosphates
    • Sodium Acid Polyphosphate (SAPP)
    • Sodium Hexametaphosphate (SHMP)
    • Sodium Tripolyphosphate (STPP)
    • Tetrasodium Pyrophosphate (TSPP)
    • Sodium Trimetaphosphate (STMP)
  • Sodium Phosphates
    • Monosodium Phosphate (MSP)
    • Disodium Phosphate (DSP)
    • Trisodium Phosphate (TSP)
  • Pyrophosphate
    • Monosodium Pyrophosphate
    • Disodium pyrophosphate or sodium acid pyrophosphate
    • Tetrapotassium Pyrophosphate (TKPP)
  • Calcium Phosphates
    • Dicalcium phosphate (DCP)
    • Tricalcium phosphate (TCP)
    • Pentacalcium phosphate
  • Others

Market, By End Use

  • Dairy
  • Bakery Products
  • Meat & Seafood Processing
  • Beverages
  • Metal & Mining Industry
  • Water treatment
  • Textiles
  • Paints & Coatings
  • Animal Feed 
    • Poultry
    • Cattle
    • Aquaculture
    • Swine
    • Pet
  • Fertilizer
  • Detergents
  • Pharmaceuticals
  • Others

Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Netherland
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for phosphate salts was more than USD 47 billion in 2022 and is poised to observe over 6.2% CAGR from 2023 to 2032.

Animal feed segment is forecasted to register a valuation of over USD 7 billion by 2032 as the mineral plays a vital role in the growth & development of animal bones, teeth, and other tissues.

Asia Pacific phosphate salts market size is anticipated to account for over USD 30 billion by 2032 on account of rising demand for livestock and the subsequent industrialization of their cultivation.

Some of the leading companies operating in the market include Chengdu Talent Chemical Co. Ltd, Innophos, Hubei Xingfa Chemicals Group Co., Ltd, PhosAgro, Aditya Birla Chemicals, Sulux Phosphates, Haifa Group, Univar Solutions, Prayon, and TKI Hrastnik d.d.

Phosphate Salts Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 374
  • Countries covered: 21
  • Pages: 200
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