Sellbyville, DE -- (SBWIRE) -- 05/01/2019 -- Global Industrial Phosphate Market Forecast to 2024 released By Global Market Insights, Inc. provides market information about industry top key players, countries, type and application. This report also states company profile, sales, market revenue and price, market share, market growth and gross margin by regions, strategic recommendations for the new entrants, market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.

Industrial Phosphate Market size may grow exponentially over the projected period. Strong application scope in food, fertilizers, personal hygiene, detergents and construction sectors will drive industry growth.

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Global detergent consumption may witness gains at over 5% up to 2024. Different consumer habits in various regions and rising disposable income and increasing population has led to rise in demand from hospitality, clothing and laundry services driving detergent industry growth. Industrial phosphate is extensively used for cleaning in various end-use industries like paint, chemical, automobile, paper and textile which should have positive influence on product market size.

Industrial phosphate find application in various food products including bakery, seafood, dairy and poultry products. Rising consumer health consciousness along with changing dietary patterns has led to increase in food grade phosphorus consumption, thereby driving industry growth. Increasing application scope in seafood products owing to retaining moisture & flavor, lipid oxidation prevention and extending shelf life may propel industrial phosphate demand. Favorable government regulations by FDA and USDA regarding product usage in food industry should fuel product demand.

Asia Pacific, led by India, Japan, South Korea, and China industrial phosphate market size may witness strong gains owing to rise in per-capita disposable income resulting in ready-to-use baking mixes, seafood products, packaged meat and convenience food and beverages products demand should stimulate regional industry growth. Increase in detergent consumption on account of hospitality, laundry services and textile industry may fuel product demand in the region.

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Europe, driven by UK, France, Italy and Germany industrial phosphate market size may register significant gains owing to lithium ion-phosphate (LFP) batteries production which are used in electrical devices and vehicle industries is likely to stimulate regional industry growth. Potassium and calcium phosphates has wide usage in European food and beverage market driving industry growth.

Global industrial phosphate market share is consolidated with prominent players such as The Mosiac Company, Israel Chemicals, Aditya Birla Chemicals, PhosAgro, EuroChem, OCP Group, Timab Industries, Fosfitalia and Potash Corp.

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