Phosphate Chemical Reagents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Application (Food and Beverage, Detergent, Agriculture, Chemical Intermediate, and Others), and Geography (Asia-Pacific, North America, Europe, South America and Middle East and Africa)

Market Snapshot

Market Summary-Phosphate Chemical Reagents Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3.4 %

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Market Overview

The market for phosphate chemical reagents is expected to grow at a CAGR of more than 3.4% globally during the forecast period. Phosphates are compounds containing the inorganic (PO4)3− ion. The growing demand from the agriculture sector has been driving the market growth.

  • However, the outbreak of coronavirus across the globe is likely to hinder the growth of the studied market.
  • Emerging application in energy storage technology is expected to act like an opportunity for the market studied.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period

Scope of the Report

The phosphate chemical reagents market report include:

Application
Agriculture
Food and Beverage
Detergent
Chemical Intermediate
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Agriculture Sector to Dominate the Market

  • Agriculture Sector to dominate the phosphate chemical reagents market owing to the rising consumption of fertilizer and increasing food consumption over the globe.
  • Phosphate chemical reagents are utilized in fertilizers to improve crop production. The growing agriculture industry is likely to drive the demand for phosphate chemical reagents over the forecast period.
  • The fertilizer market was valued at USD 155.80 billion in 2019, and it is estimated to register a CAGR of 3.8%, during the forecast period (2020-2025) on account of decreasing arable lands in developing regions due to a surge in industrialization and urbanization rate due to which fertilizers have been used to increase the productivity of crops per hectare of area.
  • Furthermore, rising demand for agricultural products in countries, like the United States, China, India, and others is projected to boost the fertilizer market which will provide thrust to phosphate chemical reagents market
  • Owing to all these factors, the market for phosphate chemical reagents is likely to grow across the world during the forecast period.
Phosphate Chemical Reagents  Market Market, Revenue (%), by  Application, Global, 2019 Phosphate Chemical Reagents  Market Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia Pacific region is expected to be the largest and fastest-growing market for the phosphate chemical reagents market owing to increasing demand from the agriculture and food and beverage industry.
  • Phosphate chemical reagents are used as a cleansing agent in detergents as make detergents more efficient by chelating calcium and magnesium ions. Owing to less stringent regulation in Asia-Pacific use of phosphate chemical reagent in detergents is likely to surge.
  • Declining availability of arable land per capita in various countries such as India, China, and others, is one of the major reasons for augmenting the demand for phosphate-based fertilizers in the Asia-Pacific region as they aid in enhancing the yield.
  • According to the China Agriculture Industry Development report, China has a goal to become self-sufficient in staple foods, like rice, corn, and wheat, by 2035.
  • Various Initiatives of Government of India, such as Initiative for pulses by providing subsidy for quality seeds produced, cluster frontline demonstrations through KVKs, and so on are also being undertaken under the National Food Security Mission (NFSM) for increasing the production and productivity of pulses in the country.
  • Thus, growing demand from various end-users is boosting the demand for phosphate chemical reagents market in the Asia-Pacific region.
Phosphate Chemical Reagents  Market Market Regional Trends

Competitive Landscape

The global phosphate chemical reagents market is fragmented in nature. Some of the major companies are AAT Bioquest, Inc., HiMedia Laboratories, Tintometer GmbH, Honeywell International Inc., and Alfa Aesar, Thermo Fisher Scientific. amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Agriculture Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Agriculture

      2. 5.1.2 Food and Beverage

      3. 5.1.3 Detergent

      4. 5.1.4 Chemical Intermediate

      5. 5.1.5 Others

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AAT Bioquest, Inc.

      2. 6.4.2 Alfa Aesar, Thermo Fisher Scientific.

      3. 6.4.3 Biosystems S.A.

      4. 6.4.4 Cayman Chemical

      5. 6.4.5 Geno Technology Inc.

      6. 6.4.6 High Purity Laboratory Chemicals Pvt. Ltd

      7. 6.4.7 HiMedia Laboratories

      8. 6.4.8 Honeywell International Inc.

      9. 6.4.9 ICL

      10. 6.4.10 KYORITSU CHEMICAL-CHECK Lab. Corp

      11. 6.4.11 Sigma-Aldrich, Inc.

      12. 6.4.12 Tintometer GmbH

      13. 6.4.13 Xilong Scientific Co., Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Phosphate Chemical Reagents Market market is studied from 2016 - 2026.

The Phosphate Chemical Reagents Market is growing at a CAGR of >3.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

AAT Bioquest, Inc., Tintometer GmbH, Honeywell International Inc., Alfa Aesar, Thermo Fisher Scientific., HiMedia Laboratories are the major companies operating in Phosphate Chemical Reagents Market.

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