Pune, India -- (SBWIRE) -- 06/01/2018 -- Over the past few years, the global market has witnessed an impressive growth due to increasing demand of animal feed supplement. This has bring out a higher growth rate of the Global Phosphate Market at the end of forecasted period. As per the market analysis, different factors have driven the market for increasing demand for water treatment, animal feed, cheap and effective labor cost in APAC, emerging economies and others.

In 2017, the prices and margins have moved up sharply and fundamentally continue to look positive heading into the upcoming application season. Several developments are driving up prices of Global Phosphate Market. Global shipments of phosphate are projected to post solid gains in 2018 as a result of lower channel inventories as well as strong agronomic and economic demand drivers. The sale of phosphate are off to a fast start this year because distributors who deferred purchases as prices declined last year are now scrambling to cover large commitments due to prices rise in the year 2018. Also, the chinese export availability has declined due to a take-off of domestic shipments and drop in phosphate industry output.

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Industry/ Innovation/ Related News:

November 2016 – Belgian phosphate producer EcoPhos has signed a joint venture agreement with Egypt's Evergrow to build a dicalcium phosphate plant as part of a 50:50 joint venture. The venture will construct a plant in Sadat City, 95 km from Cairo, to produce 110,000 t/y DCP for animal feed. The complex will also comprise plants to produce 100,000 t/y low-cadmium fertilizer, 198,000 t/y sulfuric acid and 60,000 t/y calcium chloride. The overall investment costs are estimated at $120 million. The joint venture will fulfill the growing demand of di-calcium phosphate in the region and will help the company to increase its market share across the globe.

March 2016 – Gujarat Narmada Valley Fertilizers & Chemicals Ltd and EcoPhos of Belgium planned to invest about rupees 526 crore for setting up a plant to produce 200,000 metric tonne per annum (MTPA) of animal feed grade di-calcium phosphate at Dahej, Gujarat. Two companies had signed a memorandum of understanding for the formation of joint venture in September 2014. GNFC will provide the raw materials for the JV project, EcoPhos will market the output of the JV's production site at Dahej through its animal feed division. The agreement would help the company to increase its market share in Asia Pacific and Europe region.

June 2017 – Sinochem Yunlong produced a record high of 306,200 tons of Monocalcium/Dicalcium Phosphate in 2016. Sinochem Yunlong adhered to internal management improvement, enhanced quality and efficiency, continued to push forward cost and consumption reduction and increased production efficiency. At the same time, Sinochem Yunlong strengthened process management, promoted quality enhancement and intensified the whole-process quality management. The average first acceptance rate in 2016 was above 99.6% and the product quality reached an internationally advanced level.

Scope of the study

The scope of the study categorizes the conductive glue market as type, application, and production type.

By Type

Rock
Acid
Fertilizer
Others

By Application

Agriculture
Animal Feed Supplement
Others

By Production Type

Wet Process
Furnace Process

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