Phosphate Rock Market Segment Forecasts up to 2023, Research Reports

Phosphate rock is a sedimentary rock having huge concentration of phosphate minerals. The phosphate rock market can be segmented on the basis of sources from which it is mined such as marine phosphate deposits, igneous phosphate deposits, metamorphic deposits, biogenic deposits, and weathered deposits. Sedimentary and marinedeposits are the largest source for phosphate rock across the globe.

The market can also be segmented on the basis of its end applications such as fertilizers, feed and food additives, industrial chemicalsand others. Based on applications, fertilizers is the largest segment in the global phosphate rock (PR) market due to its huge demand in the developing nations of Asia Pacific and Latin America.The fertilizer segment can be further sub-segmented into DAP (Di-ammonium Phosphate), MAP (Mono-ammonium Phosphate), and TSP (Triple superphosphate).

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The global phosphate rock market is expected to grow significantly in future primarily due to the growing world population and associated food demand which is increasing the demand for phosphate fertilizers. Phosphate fertilizers are needed for optimum crop production. By 2050, the global population is expected to reach 9.6 billion which will put pressure on farmers to produce more to feed this large population. Another major driver for the growth of the phosphate rock market is rise in per capita income in developing countries which will impact the dietary habits i.e. shift from mostly vegetarian diet to a diet with a higher volume of meat and dairy products. This in turn will increase demand for crops.

According to Food and Agriculture Organization’s estimates, food production has to increase by 70% by 2050 in order to feed such a large number of people. This required growth in crop production will require additional land for cultivation along with intensification of agriculture, both of which will lead to increased demand for phosphate fertilizers. However, factors such as increasing awareness regarding use of bio-based eco-friendly fertilizers is expected to hamper the growth of the global phosphate rock market.

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Phosphate rock reserves are majorly located in Morocco and Western Sahara. Together they constitute more than half of the total global reserve. Other major regions holding phosphate rock reserves are China, Russia, Algeria, Syria, Jordan, the U.S., Middle East, and South Africa. Developing countries such as India, China, Brazil, and South Africa are the major consumers for phosphate rock primarily in the form of phosphoric fertilizer. In developed countries of North America and Europe, there is low demand for phosphoric fertilizersdue to efficient use of fertilizers and buildup of phosphate in the soil.

The global phosphate rock market is highly fragmented as none of the players hold a significant market share. The key players operating in the global phosphate market includePotash Corp, MBAC Fertilizer Corp, Grange Resources, Phosphate Resources Limited, The Mosaic Company, WENGFU Group, Vale, AgriumInc, Anglo American, Shaw River Manganese Ltd, and Sterling Group Ventures Inc.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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