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Phosphate Salts Market Size
- 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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Phosphate Salts Market Size in 2022: | USD 48 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 90 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 374 |
| Segments covered: | Grade, Product, End use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Phosphate Salts Market Scope
