London, 18 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global phosphoric acid market 2015-2019, which is expected to grow at a CAGR of 2.15% by revenue and 2% by volume during the period of 2014-2019.
The high demand for phosphoric acid and phosphatic fertilizers from developing countries like India, Indonesia, and Brazil facilitate growth in the phosphoric acid market. Rapid urbanization leads to shortage of cultivable lands and strains the food supply leading to increased demand for fertilizers to improve yields and to compensate for the decrease in food supplies. Also, the shrinkage in cultivable land cover intensifies the demand for fertilizers that increases the yields of crops.
“Pressure from multilateral financial agencies such as the World Bank and IMF will force many countries to restructure phosphatic fertilizer subsidies and make structural adjustments such as tweaking of import duties and encouraging investments,” says Faisal Ghaus, Vice President of Technavio.
“Trade liberalization will result in an increased cross-border trade of phosphoric acid and the entry of multinationals into the state-controlled markets, especially in India and Brazil.”
Key Market Drivers:
- Retail Price Administration and Subsidies on Sales of Fertilizers.
- Increased Production and Availability of Phosphate Rock.
- Rise in Population.
- Growing Demand for Phosphoric Acid from End-user Industries.
- Increased Demand for Synthetic Fertilizers.
Key Market Trends:
- Increase in Cross-border Investments and Joint Ventures.
- Trade Liberalization.
- Increase in Production Capacities.
- Trade Scenario: Bullish on Phosphatic Fertilizers and Stable on Phosphoric Acid.
Key Market Vendors:
- OCP SA
- PhosAgro Co.
- PotashCorp
- SinoFert Corp.
- The Mosaic Co.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
