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Magnesium Phosphate Market By Form, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 210 Pages
  • June 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671015
The global magnesium phosphate market was valued at $1,403.5 million in 2021, and is projected to reach $2,028.6 million by 2030, growing at a CAGR of 4.3% from 2022 to 2030.

Magnesium phosphate is the magnesium acid salt of phosphoric acid which is used as a dietary supplement to treat magnesium deficiency. Magnesium phosphate is an ionic compound as it contains magnesium and phosphate ions. Magnesium phosphate is also used in cement owing to its high strength and fast setting time. Although magnesium phosphate cements are ductile and brittle, addition of fibers can increase their strength.

Growing popularity of magnesium phosphate in the food industry as well as in animal feed additives is estimated to drive the market demand. For instance, magnesium phosphate increases the activity of antioxidants, is used as an emulsifier, and prevents clumping in food supplement powders. Magnesium phosphate in food supplements helps in maintaining energy, combating fatigue, and building bone and teeth. Also, it improves the health of muscle, nerve, and cell membranes. It promotes normal functioning of heart muscles.

Magnesium phosphate is used in the fertilizer sector since it helps in the growth of plants, roots, and aids plants in withstanding environmental stress. For instance, magnesium phosphate promotes the development of healthy and web-like root system to ensure healthy growth of plants. It also promotes the formation of seed and flowers. In addition, magnesium phosphate promotes the resilience of plants against various diseases.

Phosphate fertilizers are popular owing to high nutritional content and promote the growth of fruits, vegetables, and crops including wheat, barley, and others, which is anticipated to drive the magnesium phosphate market demand. Phosphorous compounds are widely used by plants to promote vegetative growth and fruit production. Magnesium phosphate boosts the agricultural productivity by improving the soil texture and promotes robust growth of crops.

The magnesium phosphate market is segmented on the basis of form and application. By form, it is classified as monomagnesium phosphate, dimagnesium phosphate, and trimagnesium phosphate. By application, it is classified as fertilizer, animal feed, detergent, food, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Jost Chemical Co, Innophos Holdings, Inc., Triveni Chemicals, Refractory Minerals, Celtic Chemicals Ltd, KRONOX Lab Sciences Ltd., Anmol Chemicals, Nikunj Chemicals, Hap Seng, and American Elements.

Key Market Segments

By Form

  • Monomagnesium Phosphate
  • Dimagnesium Phosphate
  • Trimagnesium Phosphate

By Application

  • Fertilizer
  • Animal Feed
  • Detergent
  • Food
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Innophos Holdings, Inc.
  • Refractory Minerals Co., Inc.
  • Celtic Chemicals Ltd
  • KRONOX Lab Sciences Ltd
  • Anmol Chemicals
  • Nikunj Chemicals
  • Hap Seng
  • American Elements
  • Jost Chemical Co.
  • Triveni Chemicals
Frequently Asked Questions about the Global Magnesium Phosphate Market

What is the estimated value of the Global Magnesium Phosphate Market?

The Global Magnesium Phosphate Market was estimated to be valued at $1403.5 million in 2021.

What is the growth rate of the Global Magnesium Phosphate Market?

The growth rate of the Global Magnesium Phosphate Market is 4.2%, with an estimated value of $2028.6 million by 2030.

What is the forecasted size of the Global Magnesium Phosphate Market?

The Global Magnesium Phosphate Market is estimated to be worth $2028.6 million by 2030.

Who are the key companies in the Global Magnesium Phosphate Market?

Key companies in the Global Magnesium Phosphate Market include Innophos Holdings, Inc., Refractory Minerals Co. Inc., Celtic Chemicals Ltd, Kronox Lab Sciences Ltd, Anmol Chemicals, Nikunj Chemicals, Hap Seng, American Elements, Jost Chemical Co. and Triveni Chemicals.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Value Chain Analysis
3.8.Regulatory Guidelines
3.9.Market Share Analysis
3.10.Key Regulation Analysis
3.11.Patent Landscape
CHAPTER 4: MAGNESIUM PHOSPHATE MARKET, BY FORM
4.1 Overview
4.1.1 Market size and forecast
4.2 Monomagnesium Phosphate
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Dimagnesium Phosphate
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Trimagnesium Phosphate
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: MAGNESIUM PHOSPHATE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Fertilizer
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Animal Feed
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Detergent
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Food
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: MAGNESIUM PHOSPHATE MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Form
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Form
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Form
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Form
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Form
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Form
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 U.K.
6.3.4.2.1 Market size and forecast, by Form
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Form
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Form
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Form
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Form
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Form
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Form
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Form
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Form
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Form
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Form
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Form
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Form
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Form
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Form
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Form
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Form
6.5.4.4.2 Market size and forecast, by Application
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Form
6.5.4.5.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Innophos Holdings, Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Refractory Minerals Co., Inc.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Celtic Chemicals Ltd
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 KRONOX Lab Sciences Ltd
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Anmol Chemicals
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Nikunj Chemicals
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Hap Seng
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 American Elements
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Jost Chemical Co.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Triveni Chemicals
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Magnesium Phosphate Market, by Form, 2021-2030,($Million)
Table 2. Magnesium Phosphate Market Revenue, for Monomagnesium Phosphate, by Region , 2021-2030,($Million)
Table 3. Magnesium Phosphate Market Monomagnesium Phosphate by Country, 2021-2030,($Million)
Table 4. Magnesium Phosphate Market Revenue, for Dimagnesium Phosphate , by Region , 2021-2030,($Million)
Table 5. Magnesium Phosphate Market Dimagnesium Phosphate by Country, 2021-2030,($Million)
Table 6. Magnesium Phosphate Market Revenue, for Trimagnesium Phosphate, by Region , 2021-2030,($Million)
Table 7. Magnesium Phosphate Market Trimagnesium Phosphate by Country, 2021-2030,($Million)
Table 8. Global Magnesium Phosphate Market, by Application, 2021-2030,($Million)
Table 9. Magnesium Phosphate Market Revenue, for Fertilizer, by Region , 2021-2030,($Million)
Table 10. Magnesium Phosphate Market Fertilizer by Country, 2021-2030,($Million)
Table 11. Magnesium Phosphate Market Revenue, for Animal Feed, by Region , 2021-2030,($Million)
Table 12. Magnesium Phosphate Market Animal Feed by Country, 2021-2030,($Million)
Table 13. Magnesium Phosphate Market Revenue, for Detergent, by Region , 2021-2030,($Million)
Table 14. Magnesium Phosphate Market Detergent by Country, 2021-2030,($Million)
Table 15. Magnesium Phosphate Market Revenue, for Food, by Region , 2021-2030,($Million)
Table 16. Magnesium Phosphate Market Food by Country, 2021-2030,($Million)
Table 17. Magnesium Phosphate Market Revenue, for Others, by Region , 2021-2030,($Million)
Table 18. Magnesium Phosphate Market Others by Country, 2021-2030,($Million)
Table 19. Magnesium Phosphate Market, by Region, 2021-2030,($Million)
Table 20. North America Magnesium Phosphate Market, by Form, 2021-2030,($Million)
Table 21. North America Magnesium Phosphate Market, by Application, 2021-2030,($Million)
Table 22. North America Magnesium Phosphate Market, by Country, 2021-2030,($Million)
Table 23. U.S. Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 24. U.S. Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 25. Canada Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 26. Canada Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 27. Mexico Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 28. Mexico Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 29. Europe Magnesium Phosphate Market, by Form, 2021-2030,($Million)
Table 30. Europe Magnesium Phosphate Market, by Application, 2021-2030,($Million)
Table 31. Europe Magnesium Phosphate Market, by Country, 2021-2030,($Million)
Table 32. Germany Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 33. Germany Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 34. U.K. Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 35. U.K. Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 36. France Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 37. France Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 38. Spain Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 39. Spain Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 40. Italy Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 41. Italy Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 42. Rest of Europe Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 43. Rest of Europe Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 44. Asia-Pacific Magnesium Phosphate Market, by Form, 2021-2030,($Million)
Table 45. Asia-Pacific Magnesium Phosphate Market, by Application, 2021-2030,($Million)
Table 46. Asia-Pacific Magnesium Phosphate Market, by Country, 2021-2030,($Million)
Table 47. China Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 48. China Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 49. Japan Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 50. Japan Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 51. India Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 52. India Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 53. South Korea Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 54. South Korea Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 55. Australia Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 56. Australia Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 57. Rest of Asia-Pacific Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 58. Rest of Asia-Pacific Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 59. LAMEA Magnesium Phosphate Market, by Form, 2021-2030,($Million)
Table 60. LAMEA Magnesium Phosphate Market, by Application, 2021-2030,($Million)
Table 61. LAMEA Magnesium Phosphate Market, by Country, 2021-2030,($Million)
Table 62. Brazil Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 63. Brazil Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 64. Saudi Arabia Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 65. Saudi Arabia Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 66. UAE Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 67. UAE Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 68. South Africa Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 69. South Africa Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 70. Rest of LAMEA Magnesium Phosphate Market by Form 2021-2030,($Million)
Table 71. Rest of LAMEA Magnesium Phosphate Market by Application 2021-2030,($Million)
Table 72. Innophos Holdings, Inc.: Company Snapshot
Table 73. Innophos Holdings, Inc.: Operating Segments
Table 74. Innophos Holdings, Inc.: Product Portfolio
Table 75. Innophos Holdings, Inc.: Net Sales
Table 76. Innophos Holdings, Inc.: Key Stratergies
Table 77. Refractory Minerals Co., Inc.: Company Snapshot
Table 78. Refractory Minerals Co., Inc.: Operating Segments
Table 79. Refractory Minerals Co., Inc.: Product Portfolio
Table 80. Refractory Minerals Co., Inc.: Net Sales
Table 81. Refractory Minerals Co., Inc.: Key Stratergies
Table 82. Celtic Chemicals Ltd: Company Snapshot
Table 83. Celtic Chemicals Ltd: Operating Segments
Table 84. Celtic Chemicals Ltd: Product Portfolio
Table 85. Celtic Chemicals Ltd: Net Sales
Table 86. Celtic Chemicals Ltd: Key Stratergies
Table 87. Kronox Lab Sciences Ltd: Company Snapshot
Table 88. Kronox Lab Sciences Ltd: Operating Segments
Table 89. Kronox Lab Sciences Ltd: Product Portfolio
Table 90. Kronox Lab Sciences Ltd: Net Sales
Table 91. Kronox Lab Sciences Ltd: Key Stratergies
Table 92. Anmol Chemicals: Company Snapshot
Table 93. Anmol Chemicals: Operating Segments
Table 94. Anmol Chemicals: Product Portfolio
Table 95. Anmol Chemicals: Net Sales
Table 96. Anmol Chemicals: Key Stratergies
Table 97. Nikunj Chemicals: Company Snapshot
Table 98. Nikunj Chemicals: Operating Segments
Table 99. Nikunj Chemicals: Product Portfolio
Table 100. Nikunj Chemicals: Net Sales
Table 101. Nikunj Chemicals: Key Stratergies
Table 102. Hap Seng: Company Snapshot
Table 103. Hap Seng: Operating Segments
Table 104. Hap Seng: Product Portfolio
Table 105. Hap Seng: Net Sales
Table 106. Hap Seng: Key Stratergies
Table 107. American Elements: Company Snapshot
Table 108. American Elements: Operating Segments
Table 109. American Elements: Product Portfolio
Table 110. American Elements: Net Sales
Table 111. American Elements: Key Stratergies
Table 112. Jost Chemical Co.: Company Snapshot
Table 113. Jost Chemical Co.: Operating Segments
Table 114. Jost Chemical Co.: Product Portfolio
Table 115. Jost Chemical Co.: Net Sales
Table 116. Jost Chemical Co.: Key Stratergies
Table 117. Triveni Chemicals: Company Snapshot
Table 118. Triveni Chemicals: Operating Segments
Table 119. Triveni Chemicals: Product Portfolio
Table 120. Triveni Chemicals: Net Sales
Table 121. Triveni Chemicals: Key Stratergies
List of Figures
Figure 1. Magnesium Phosphate Market Segmentation
Figure 2. Magnesium Phosphate Market,2021-2030
Figure 3. Magnesium Phosphate Market,2021-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Magnesium Phosphate Market:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Regulatory Guidelines
Figure 14. Market Share Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Magnesium Phosphate Market,By Form,2021(%)
Figure 19. Comparative Share Analysis of Monomagnesium Phosphate Magnesium Phosphate Market,2021-2030(%)
Figure 20. Comparative Share Analysis of Dimagnesium Phosphate Magnesium Phosphate Market,2021-2030(%)
Figure 21. Comparative Share Analysis of Trimagnesium Phosphate Magnesium Phosphate Market,2021-2030(%)
Figure 22. Magnesium Phosphate Market,By Application,2021(%)
Figure 23. Comparative Share Analysis of Fertilizer Magnesium Phosphate Market,2021-2030(%)
Figure 24. Comparative Share Analysis of Animal Feed Magnesium Phosphate Market,2021-2030(%)
Figure 25. Comparative Share Analysis of Detergent Magnesium Phosphate Market,2021-2030(%)
Figure 26. Comparative Share Analysis of Food Magnesium Phosphate Market,2021-2030(%)
Figure 27. Comparative Share Analysis of Others Magnesium Phosphate Market,2021-2030(%)
Figure 28. Magnesium Phosphate Market by Region,2021
Figure 29. U.S. Magnesium Phosphate Market,2021-2030($Million)
Figure 30. Canada Magnesium Phosphate Market,2021-2030($Million)
Figure 31. Mexico Magnesium Phosphate Market,2021-2030($Million)
Figure 32. Germany Magnesium Phosphate Market,2021-2030($Million)
Figure 33. U.K. Magnesium Phosphate Market,2021-2030($Million)
Figure 34. France Magnesium Phosphate Market,2021-2030($Million)
Figure 35. Spain Magnesium Phosphate Market,2021-2030($Million)
Figure 36. Italy Magnesium Phosphate Market,2021-2030($Million)
Figure 37. Rest of Europe Magnesium Phosphate Market,2021-2030($Million)
Figure 38. China Magnesium Phosphate Market,2021-2030($Million)
Figure 39. Japan Magnesium Phosphate Market,2021-2030($Million)
Figure 40. India Magnesium Phosphate Market,2021-2030($Million)
Figure 41. South Korea Magnesium Phosphate Market,2021-2030($Million)
Figure 42. Australia Magnesium Phosphate Market,2021-2030($Million)
Figure 43. Rest of Asia-Pacific Magnesium Phosphate Market,2021-2030($Million)
Figure 44. Brazil Magnesium Phosphate Market,2021-2030($Million)
Figure 45. Saudi Arabia Magnesium Phosphate Market,2021-2030($Million)
Figure 46. Uae Magnesium Phosphate Market,2021-2030($Million)
Figure 47. South Africa Magnesium Phosphate Market,2021-2030($Million)
Figure 48. Rest of LAMEA Magnesium Phosphate Market,2021-2030($Million)
Figure 49. Top Winning Strategies, by Year
Figure 50. Top Winning Strategies, by Development
Figure 51. Top Winning Strategies, by Company
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Dashboard
Figure 54. Competitive Heatmap of Top 10 Key Players
Figure 55. Innophos Holdings, Inc..: Net Sales ,($Million)
Figure 56. Refractory Minerals Co. Inc..: Net Sales ,($Million)
Figure 57. Celtic Chemicals Ltd.: Net Sales ,($Million)
Figure 58. Kronox Lab Sciences Ltd.: Net Sales ,($Million)
Figure 59. Anmol Chemicals.: Net Sales ,($Million)
Figure 60. Nikunj Chemicals.: Net Sales ,($Million)
Figure 61. Hap Seng.: Net Sales ,($Million)
Figure 62. American Elements.: Net Sales ,($Million)
Figure 63. Jost Chemical Co..: Net Sales ,($Million)
Figure 64. Triveni Chemicals.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Magnesium Phosphate Market," the magnesium phosphate market was valued at $1.4 billion in 2021, and is estimated to reach $2.0 billion by 2030, growing at a CAGR of 4.1% from 2022 to 2030.

Magnesium phosphate is an ionic compound that comprises of magnesium cation and phosphate anion. It is used as a dietary supplement to treat magnesium deficiency. It appears as a white crystalline powder which is insoluble in water. Magnesium phosphate is used as dentifrice polishing agent in cosmetics, toothpaste, shampoos, anticaking agents, and as a silicate-containing cleaning agent. The use of magnesium phosphate in food industry is recognized as safe by Food and Drug Administration (FDA), headquartered in the U.S. and it is being used across various countries.

The magnesium phosphate market is segmented on the basis of form and application. By form, it is classified as monomagnesium phosphate, dimagnesium phosphate, and trimagnesium phosphate. By application, it is classified as fertilizer, animal feed, detergent, food, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Jost Chemical Co, Innophos Holdings, Inc., Triveni Chemicals, Refractory Minerals, Celtic Chemicals Ltd, KRONOX Lab Sciences Ltd., Anmol Chemicals, Nikunj Chemicals, Hap Seng, and American Elements.

The report focuses on the global magnesium phosphate market size and the major products & applications, where magnesium phosphates are utilized. It further highlights numerous factors that influence the market growth such as forecast, magnesium phosphate market trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for magnesium phosphate market forecast in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices, and magnesium phosphate market growth.

IMPACT OF COVID-19 ON THE GLOBAL MAGNESIUM PHOSPHATE MARKET

  • Sales of magnesium phosphate is directly proportional to the demand for fertilizers, food, detergent, water treatment, animal feed, and construction. However, various sectors such as fertilizers, construction, animal feed were significantly impacted by the COVID-19 pandemic owing to drastic decline in the production and demand due to disrupted supply chain.
  • COVID-19 impacted almost all industries and the fertilizer producing companies have ceased their operations owing to import-export restrictions, delay in the availability of raw materials such as magnesium phosphate, as well as sluggish demand. This has led to decline in the demand for magnesium phosphate fertilizers during the pandemic.
  • Furthermore, shortage of labors, social distancing norms, and production constraints across various countries such as China, India, Brazil have affected the global magnesium phosphate market share.
  • In India, several restrictions and number of stipulations were laid down on import-export of goods such as disinfection of vessels, 14-days quarantine, and others, which in turn is expected to decline the growth of the magnesium phosphate market during the forecast period.

Key Findings of the Study

  • On the basis of form, the dimagnesium phosphate segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • On the basis of application, the fertilizer segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • On the basis of region, Asia-Pacific registered the highest market share and is projected to maintain the same during the forecast period.

Companies Mentioned

  • Innophos Holdings, Inc.
  • Refractory Minerals Co. Inc.
  • Celtic Chemicals Ltd
  • Kronox Lab Sciences Ltd
  • Anmol Chemicals
  • Nikunj Chemicals
  • Hap Seng
  • American Elements
  • Jost Chemical Co.
  • Triveni Chemicals

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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