A natural mineral formation that consists of phosphorus compounds and in high quantity is termed as phosphorous ore. The phosphorous content in the ores depends on various factors including processing, behavior geological conditions, etc. The ores occur in different forms such as sedimentary rocks, magmatic deposits, and metasomatic deposits, and more. Among these, sedimentary rocks are preferred the major source for phosphorous, due to the requirement of low energy in processing these rocks. Apatite and phosphorite are the two major groups of phosphate rock. Moreover, aluminum phosphates and iron phosphates are among other phosphorus ores. Phosphorous is one of the quintessential nutrients required for plants that help in cell division, seed formation, photosynthesis, and enlargement. Due to this, phosphorus is majorly used in fertilizer production.

Market Outlook

Global phosphorus ore market size is expected to expand significantly, owing to increasing demand for phosphorus from various industries during the forecast period (2019-2027). Phosphorus finds applications in various industries such as fertilizers, soft drinks and beverages, and more. Growing agricultural industry around the world is expected to increase the demand for fertilizers, which in turn is expected to support growth of the market. Phosphorus also used as important nutrition for animals, which is a crucial component for DNA, bones, and others. Growing use of phosphorus in animal feed is expected to increase the demand for phosphorus ore and subsequently drive the market growth. Furthermore, phosphorus finds applications in several food products and beverages. Increasing consumption of beverages such as soft drinks and high growth of food and beverages industry is expected to increase the demand for phosphorus and hence boos the market growth during the forecast period.

However, a significant dip in phosphorus reserves around the world has increased the price of phosphorus ores, which is expected to restrain global phosphorus ore market growth.

Market Regional Analysis

Asia Pacific is expected to hold significant market share in the global phosphorus ore market during the forecast period. This is owing to a growing population and increasing demand for food products in emerging economies such as India and China. Moreover, Asia Pacific is expected to continue its dominance in the near future. Furthermore, North America and Europe are expected to grow at a moderate rate, owing to increasing regulations on the use of phosphorous by regulatory authorities. 

Market Players

Major players operating in the global phosphorus ore market are Hubei Xingfa Chemicals Group Co., Ltd., Yuntianhua Group, Jiangyin Chengxing Industrial Group Co., Ltd, Hubei Yihua Group, Sichuan Qingping Phosphorus Ore, and Guizhou Kailin (Group) Co., Ltd.

Key Developments:-

  • In November 2018, COWI, a Danish engineering specialist along with the partnership with Easy Mining announced to develop a technology namely, Ash2phos which would be used to retrieve the phosphorus from the incineration sewage slugde. This technology is planned to be used in the facilities in Denmark, Germany and Sweden.
  • In July 2016, Anhui Sierte announced to acquire Guizhou Lufa, a phosphorus ore manufacturer. It acquisition will be beneficial for Anhui Sierte as it would reduce the costs of raw material incurred by the company and would also provides the opportunities for Anhui Sierte to enter into markets in rural areas such as in Southwest China.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users