North America Phosphate Market was valued at USD 1,820.0 Mn in 2019 and is projected to reach around USD 2,062.7 Mn by 2027, expanding at CAGR of 3.5% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 1.8% between 2020 and 2027. The term phosphate or phosphate rock is used to denote any rock, which has high phosphorus content. Mining is considered to be the least expensive and largest source of phosphorus, due to the presence of several phosphate mines around the world. Phosphate is a chemical compound which is related to phosphoric acid (H3PO4). One group of these derivatives is composed of salts containing the phosphate ion (PO43−), the hydrogen phosphate ion (HPO42−), the dihydrogen phosphate ion (H2PO4−), and positively charged ions such as those of sodium or calcium. The hydrogen atoms of phosphoric acid are replaced by organic combining groups such as ethyl (C2H5) and phenyl (C6H5) in phosphate.
Generally, phosphate is considered an essential element for animals and plant's nutrition and they have primarily used as a component of the nitrogen-phosphorus-potassium (N-P-K) fertilizer. Phosphates are used by the biological systems (cells) for the development of important molecules such as ATP and ADP. These molecules are involved in the metabolism pathway of the respiration. They are also in in the DNA and RNA. Phosphates, in which the sodium and potassium phosphates are widely used as acidity regulators in the food industry.
North America phosphate market is expected grow due to the increase in usage of phosphate in the pharmaceutical industry and rise in crop production. Rising use of phosphate in batteries for electric vehicles and improved hard process (IHP) for phosphoric acid production is anticipated to create opportunities in the market. However, growing cost of fertilizers and increasing awareness about side effects of phosphate are expected to restrain the market.
Organic phosphates are ester compounds. Organic phosphates are also known as organophosphates. It is a phosphate ester of phosphoric acid. The chemical formula of phosphoric acid is H3PO4. An ester is formed when one hydrogen atom of a hydrocarbon is replaced by phosphoric acid. The term organic phosphate is widely used in agriculture sector. Organophosphate pesticides are act as a killing agent by inhibiting some enzymes of pests. Some commonly used organic phosphate compounds include parathion, malathion, dichlorvos, and diazinon.
An inorganic phosphate is a salt of phosphoric acid. In inorganic phosphate, phosphate group is connected to a metal cation. The phosphate atom is in the center surrounded by four oxygen atoms that are chemically bonded to the phosphorous atom. The phosphate group has an overall negative charge of -3. Inorganic phosphate are monobasic, dibasic and tribasic salts. Inorganic phosphates can be found naturally. Usually, these compounds can be found as salts sodium, potassium, and calcium.
In terms of resources, the phosphate market is classified as sedimentary marine deposit, weathered rock, biogenic, and others. The sedimentary marine deposit segment accounted for major share of the market in 2019 and is anticipated to expand at a significant CAGR of during the forecast period. Marine sediment is any deposit of insoluble material, primarily rock and soil particles, which is transported from land to the ocean by wind, ice, and rivers. Most biogenic sediments are erosion products of unconsolidated or consolidated marine detrital deposits or erosion products of framework- building organisms. The rapid rise in sea level during the last deglaciation period resulted in a sharp decrease in the sediment supply from the river to the deep‐sea fan system. This, in turn, increases the demand for sedimentary marine deposit.
Weathering is the breaking down or dissolving of rocks and minerals on earth’s surface. When a rock has been broken down, a process called erosion. After erosion, rock and minerals get separate. Phosphate rock is a non-renewable natural resource. Most phosphate rock is mined using large-scale surface methods. Earlier, underground mining methods played a greater role, but their contribution to world production is declining. Frequently extraction operations supply feed to a nearby fertilizer-processing complex for the production of downstream concentrated fertilizer products.
Phosphorus (P) is present in waterways. Biogenic is source where phosphate derived from living organisms. Agriculture which consist of particularly livestock production that has been identified as a major source of biogenic. Excess manure P applied to croplands has increased P losses in runoff, leading to surface water eutrophication. Manures are added to supply the same total P rate to soils with different antecedent plant-available P concentrations. There was a strong synergistic effect between dairy manure and soil test P on water extractable P.
Ammonium phosphate is manufactured by mixing together ammonium phosphate and urea in a molten condition. Considerable heat is generated which transform the ammonium phosphate sulphate to the molten state. It includes a group of nitrogen phosphorus materials mono ammonium phosphates and diammonium phosphates, mixtures of the two or combination with ammonium nitrate/ ammonium sulfate. Ammonium phosphate is a broad generic name for a variety of fertilizer materials containing both nitrogen and phosphate. Ammonium phosphates are becoming increasingly important as a source of available P2O5.
Calcium is principal minerals for the production of phosphate fertilizers and for a range of phosphorus compounds. For example, the tribasic variety (precipitated calcium phosphate), Ca3(PO4)2, is the principal inorganic constituent of bone ash. The acid salt Ca(H2PO4)2, produced by treating mineral phosphates with sulfuric acid which is active as a plant food and stabilizer for plastics. Calcium phosphate appears as a white amorphous or crystalline powder that is odorless and tasteless.
Phosphoric acid, also referred to as phosphoric(V) acid or orthophosphoric acid is popular and most used acids. The raw form of this acid is extracted from phosphate rocks, whereas more pure form is produced industrially from white phosphorus. Pure phosphoric acid is usually in a crystalline solid-state and in less concentrated form. Generally, it is a colorless, syrupy, odorless, and non-volatile liquid. Phosphoric acid which is also a mineral acid is represented by the formula H3PO4 and it contains one atom of phosphorus, four atoms of oxygen, and three atoms of hydrogen.
Some frequently asked quetions about this report!
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Yes, the report covers types of phosphate such as organic and inorganic.
According to this Growth Market Reports report, North America phosphate market is likely to register a CAGR of 3.5% during forecast period 2020-2027, with an anticipated valuation of USD 2,062.7 million by the end of the 2027.
In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact, and import-export data of phosphate is available in final report.
The market is driven by the increase in usage of phosphate in the pharmaceutical industry and rise in crop production.
Nutritional supplements, fertilizer, meat, carbonated soft drinks, and others are the key applications that are driving the North America phosphate market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness negative growth owing to the negative impact of COVID-19 pandemic on the phosphate market.
The base year considered for the North America phosphate market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include The Mosaic Company, Nutrien Ltd., Itafos, J.R. Simplot Company, Bayer AG, and Fertoz Ltd., and Others.
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