Phosphate fertilizers market to grow by 3.2% to $61.6 billion by 2018

Date:04-23-2014

The report “Phosphate Fertilizers Market By Active Ingredient” shows that the global phosphatic fertilizer consumption market is expected to grow at a CAGR of 2.4% by volume and 3.2% by value from 2013 to 2018. The Asia-Pacific region is a larger consumer of phosphatic fertilizers, which is expected to rise at a CAGR of 2.7% by volume and 3.5% by value for the forecasted period. Latin America demonstrates a strong growth potential in phosphatic fertilizer consumption after the Asia-Pacific region. The global phosphatic fertilizers market is expected to reach $61,623.5 million by 2018.

The major phosphatic fertilizers used are diammonium phosphate (DAP), monoammonium phosphate (MAP), superphosphates, and others.

In 2012, the grain & oil seeds segment held a greater share of the phosphatic fertilizers market of 52.2% by volume, in terms of application. Asia-Pacific holds a major market share of nearly 58.3%, by volume in the grain & oil seeds segment.

The key players include Yara International ASA (Norway), Agrium Inc., (Canada), Coromandel International Ltd. (India), Potash Corp. of Saskatchewan (Canada), CF Industries Holdings Inc. (U.S.), Eurochem(Russia), OCP (Morocco), Mosaic(U.S.), ICL (Israel), and Phosagro (Russia).