According to TechSci Research report, “Dicalcium phosphate Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Dicalcium Phosphate Market stood at USD 0.76 billion in 2022 and is anticipated to grow with a CAGR of 4.43% in the forecast period, 2024-2028. The initiatives taken by the government based on dicalcium phosphate have led to favorable market conditions for the Global Dicalcium Phosphate Market. Several factors contribute to the growth of various dicalcium phosphate products.
The Central Pollution Control Board (CPCB) in India, a regulatory body responsible for environmental protection, has established comprehensive guidelines for the proper utilization of spent phosphoric acid generated during the manufacturing process of dicalcium phosphate. These guidelines are designed to ensure that the resulting product meets the stringent standards set forth by the Indian Pharmacopoeia, guaranteeing the production of high-quality pharmaceutical-grade dicalcium phosphate. By adhering to these guidelines, the CPCB aims to promote sustainable practices in the pharmaceutical industry and safeguard the environment from potential pollution hazards.
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The personal care industry has experienced remarkable growth in recent years, fueled by the ever-evolving preferences of consumers and an increased emphasis on self-care. Dicalcium phosphate, known for its role as a polishing agent in toothpaste, goes beyond this application and finds its utility in a wide range of personal care products. It is incorporated into skin and body scrubs, facial cleansers, and exfoliating creams, where its primary function is to effectively eliminate dead skin cells, revealing a smoother and more radiant complexion.
The demand for high-quality polishing agents has been steadily increasing in industries like glass, ceramics, and metals. Dicalcium phosphate has emerged as a preferred choice for such applications due to its exceptional ability to provide a fine and uniform polishing surface. Manufacturers are drawn to its effectiveness in reducing surface roughness and enhancing the overall finish of their products, driving the continuous demand for this versatile compound.
Global Dicalcium Phosphate Market is segmented into application, regional distribution, and company
Based on its application, the fertilizers segment held the largest share in the market. Fertilizers, including those containing dicalcium phosphate, play a crucial and indispensable role in enhancing soil fertility and promoting robust plant growth. By supplying essential nutrients like phosphorus, dicalcium phosphate fertilizers effectively overcome nutrient deficiencies in soils and crops, thereby ensuring optimal and sustainable plant development. The demand for fertilizers, including dicalcium phosphate, continues to soar due to their proven efficacy in addressing nutrient deficiencies and maximizing agricultural output.
Rising awareness about the detrimental impact of nutrient deficiencies on crop productivity has further propelled the widespread use of fertilizers on a global scale. As a result, fertilizers, particularly those incorporating dicalcium phosphate, have solidified their dominance in the dicalcium phosphate market, reinforcing their pivotal role in modern agriculture.
Based on region, the North America segment is expected to grow during the forecast period.
North America has emerged as the dominant player in the market, capturing the largest market share. Europe closely follows as the second-largest market, while the Asia Pacific region is also gaining momentum. The fast growth of the food and beverages industry, particularly the processed meats segment, is fueling the demand in emerging economies like China and India, making Latin America a region ripe with opportunities for Fibersol-LY® Market players worldwide. Latin America is expected to exhibit the fastest growth during the forecast period.
This is attributed to factors such as rising disposable income, changing dietary preferences, and increasing urbanization in the region. Europe and the Asia Pacific region are also projected to witness significant growth, with the latter driven by the surging demand for processed meats from countries like China and India.
The Middle East & Africa region is anticipated to show steady growth as well. In summary, the market landscape is characterized by North America’s dominance, with Latin America poised for substantial growth. Europe, Asia Pacific, and the Middle East & Africa regions also offer promising prospects for Fibersol-LY® Market players, driven by various industry dynamics and market demands.
Major companies operating in the Global Dicalcium Phosphate Market are:
- Gujarat Narmada Valley Fertilizers & Chemicals (GNFC)
- The Mosaic Company
- Aarti Industries Limited
- Bamni Proteins Ltd.
- Hindustan Phosphates Pvt. Ltd.
- Mitsui Pharma
- Yara International ASA
- Nutrien Ltd,
- Ecophos Group
- CAP Biomaterials, LLC
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“Growing application of dicalcium phosphate in various end-user industries are key drivers of the dicalcium phosphate market. Growth in the competitive landscape and presence of well-established countries in the market who are dedicated to enhancing their productivity of dicalcium phosphate with every passing year is anticipated to register impressive growth in the Global Dicalcium Phosphate Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Dicalcium phosphate Market By Application (Animal Feed, Fertilizers, Food & Beverage, Pharmaceuticals, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of the Global Dicalcium Phosphate Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Dicalcium Phosphate Market.
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Table of Content-Dicalcium Phosphate Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Dicalcium Phosphate Market
- Voice of Customer
- Global Dicalcium Phosphate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Application (Animal Feed, Fertilizers, Food & Beverage, Pharmaceuticals, Others)
6.2.2. By Region
6.2.3. By Company (2022)
6.3. Market Map
- Asia Pacific Dicalcium Phosphate Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Country
7.3. Asia Pacific: Country Analysis
7.3.1. China Dicalcium Phosphate Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Application
7.3.2. India Dicalcium Phosphate Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Application
7.3.3. Australia Dicalcium Phosphate Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Application
7.3.4. Japan Dicalcium Phosphate Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value & Volume
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Application