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