Phosphorous is obtained from phosphate rock which is found in oceans. Phosphate rock has wide applications in several industries owing to the benefits of phosphorous in numerous applications. It is widely used in the animal feed sector, the fertilizer industry, metallurgy etc. growing demand from these industries is one of the main aspects driving the sales of phosphorous and its compounds, thus triggering the expansion of the global phosphate rock market. The market has not witnessed a noteworthy growth, however, it is expected to keep growing at a slow pace but having a positive growth graph in the coming years. Fluctuations in pricing and economic and political supply distribution risks are few hindrances pulling the expansion of the global market for phosphate rocks.
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An all-inclusive research report on “Phosphate Rock Market: Global Industry Analysis (2012-2016) and Forecasts (2017-2022)” published by Persistence Market Research reveals several market facets that can be referred to as guidelines as they offer the much needed value addition to the reader with a view to achieve stability, profit as well as expand in the coming years. As per the analytical research report on phosphorous rock market, the global market is projected to register a CAGR of 3.1% throughout the course of assessment 2017-2022 to reach a significant market value by the end of 2022.
Key Highlights on the Global Phosphate Rock Market
The global phosphate rock market is segmented by application, by grade and by region.
Key Companies in the Global Phosphate Rock Market
The extensive and analytical research report on phosphate rock market has covered an in-depth competitive scenario. Several key aspects of tier companies such as SWOT analysis, company overview, key developments and innovations, product portfolio analysis and key financials are covered in this section. Key players such as Vale S.A, Ma’aden Phosphate Company, Groupe Chimique Tunisien SA, The General Company of Phosphate and Mines, Prayon S.A, Jordan Phosphate Mines Co. P.L.C, OCP S.A., Solvay SA, The Mosaic Company and PJSC PhosAgro are profiled in this study.
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