Global Triple Superphosphate Market Analysis, Size, Share, Growth, Trends and Forecast- 2020
The triple superphosphate market is highly consolidated with major fertilizer companies dominating the market.Triple superphosphate can be used as a top dressing, base fertilizer and seeding fertilizer. It is weakly acidic and quick acting phosphate fertilizer.
The triple superphosphate market is highly consolidated with major fertilizer companies dominating the market.Triple superphosphate can be used as a top dressing, base fertilizer and seeding fertilizer. It is weakly acidic and quick acting phosphate fertilizer.
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Transparency <strong>Market</strong> Research<br />
<strong>Triple</strong> <strong>Superphosphate</strong> <strong>Market</strong> - <strong>Global</strong><br />
Industry <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>,<br />
<strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> 2014 - <strong>2020</strong><br />
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REPORT DESCRIPTION<br />
A new research report by Transparency <strong>Market</strong> Research offers a comprehensive evaluation of the global <strong>Triple</strong> <strong>Superphosphate</strong><br />
market. The study, titled “<strong>Triple</strong> <strong>Superphosphate</strong> <strong>Market</strong> - <strong>Global</strong> Industry <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong><br />
2014 - <strong>2020</strong>”, is available for sale on the firm’s website.<br />
<strong>Triple</strong> superphosphate is a rich source of phosphorous. It is an important compound for the process of photosynthesis. It is water<br />
soluble hence it becomes rapidly available for plant uptake. <strong>Triple</strong> superphosphate is a low cost source of phosphorous. Additionally, it<br />
is used in horticultural blends with high phosphorous content. <strong>Triple</strong> superphosphate has minor quantity of calcium present in it which<br />
is an additional source of nutrition to the plants. <strong>Triple</strong> superphosphate is formed from phosphate rock <strong>and</strong> phosphoric acid. It finds<br />
some usage as a leavening agent in the food industry.<br />
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<strong>Triple</strong> superphosphate can be used as a top dressing, base fertilizer <strong>and</strong> seeding fertilizer. It is weakly acidic <strong>and</strong> quick acting<br />
phosphate fertilizer. It finds widespread use as a high concentration water soluble, single source phosphate fertilizer. The efficiency of<br />
triple phosphate is high <strong>and</strong> it has strong soil adaptability. The use of triple phosphate accelerates the sprouting, rooting, fruit bearing<br />
<strong>and</strong> ripening capacity of the crop plants. For maximum effect, triple superphosphate is applied either during or after planting <strong>and</strong><br />
seeding. Diammonium phosphate is a widely used phosphate fertilizer; however it is expensive. The low prices of triple<br />
superphosphate are anticipated to increase its market manifold within the coming years. <strong>Triple</strong> superphosphate is internationally traded<br />
as it is produced in very few countries in Lain America <strong>and</strong> Asia Pacific regions. <strong>Triple</strong> superphosphate is the fertilizer of choice for<br />
fast growing, short season crops with restricted root systems. Prior to the use of triple superphosphate extensive soil testing is carried<br />
out, in order to find the level of phosphate in the soil.<br />
The growing agro based industry is one of the primary driver for the market of triple superphosphate. The agrarian economies of<br />
South <strong>and</strong> Central America, China <strong>and</strong> India are the main markets for triple superphosphate. <strong>Triple</strong> superphosphate is used in these<br />
countries to meet the deficiency of phosphorous in the arable l<strong>and</strong>s here. Furthermore, the growing food industry is an important<br />
driver for the market of triple superphosphate. Its derivatives such as calcium dihydrogen phosphate are used as leavening agents in<br />
the bakery industry; it causes the baked products to rise, on reaction with an alkali ingredient. <strong>Triple</strong> superphosphate is gradually<br />
losing its market share to ammonium phosphate fertilizers, which is expected to impede the market of triple superphosphate in the<br />
coming years. The growing population <strong>and</strong> GDP of BRICS nations is expected to augment the dem<strong>and</strong> for triple superphosphate <strong>and</strong><br />
open new areas of opportunity for this market within the forecast period.
The developing nations such as South <strong>and</strong> Central America, China <strong>and</strong> India are the largest producers <strong>and</strong> exporters of triple<br />
superphosphate. The production of triple superphosphate has shown a slump in Western Europe, the U.S <strong>and</strong> South East Asia in the<br />
past few years. The agrarian economies of China, India, Pakistan, Brazil, Argentina <strong>and</strong> Bangladesh among others are major<br />
consumers of triple superphosphate. Countries such as U.S <strong>and</strong> Europe import triple superphosphate <strong>and</strong> other phosphate fertilizers<br />
from China, India <strong>and</strong> Brazil.<br />
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The triple superphosphate market is highly consolidated with major fertilizer companies dominating the market. Some of the key<br />
players in this market are Corom<strong>and</strong>el International Ltd. (India), CF Industries Holdings Inc. (U.S.), OCP (Morocco), Mosaic(U.S.),<br />
Phosagro (Russia), Yara International ASA (Norway), Potash Corporation of Saskatchewan (Canada), Agrium Inc., (Canada),<br />
Eurochem (Russia) <strong>and</strong> ICL (Israel) among others.<br />
This research report analyzes this market on the basis of its market segments, major geographies, <strong>and</strong> current market trends.<br />
Geographies analyzed under this research report include<br />
• North America<br />
• Asia Pacific<br />
• Europe<br />
• Rest of the World<br />
This report provides comprehensive analysis of<br />
• <strong>Market</strong> growth drivers<br />
• Factors limiting market growth<br />
• Current market trends<br />
• <strong>Market</strong> structure<br />
• <strong>Market</strong> projections for upcoming years<br />
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