The fertilizer industry is the major source of demand for phosphates, wherein phosphate-based fertilizers such as MAP and DAP are used for replenishing the natural phosphorus in the soil that is indispensable for crop production.
LONDON: The procurement research report on the phosphate market is an indispensable part of SpendEdge’s chemicals category portfolio and offers an exhaustive analysis of the key factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. Furthermore, it also offers profound insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
Anti-corrosion coating is a protective coating used to protect material surfaces from degradation caused by oxidation, moisture, and chemicals and bases by forming a barrier between the surface and the corrosive agent. The anti-corrosion coatings market is estimated to grow because of huge losses incurred by manufacturers due to corrosion of metal products. This will lead to the growth of the global phosphate market.
“Purchasing managers must look for suppliers that have large production capacities to meet demand during sowing seasons when the demand for fertilizers is on the rise,” says Anil Seth, a chemicals industry procurement research specialist at SpendEdge.
Most of the phosphate reserves are geographically concentrated with the largest reserve located in Morocco. Iraq, China, Algeria, Syria, Jordan, South Africa, the US, and Russia are other countries with significant phosphate reserves. As phosphate reserves are geographically concentrated, purchasing managers face sourcing limitations. Moreover, due to concentrated reserves, purchasing managers might have to pay higher costs for procuring phosphates as well as manage long supply chains.
Need more insights on this report?
This procurement report on the phosphate market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
Get unlimited access to all our reports. Our Insights platform ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Request a free demo now