From GlobeNewswire: 2024-06-28 08:00:00

The Global Iron Phosphate Market is projected to grow from USD 528.3 million in 2023 to USD 868.5 million by 2033, with a CAGR of 5.10%. Iron phosphate is a compound used in various industries, including agriculture, due to its low risk to people and wildlife. It is popular in herbicides, fertilizers, and garden products, with a growing demand in the Asia-Pacific region.

Ferric pyrophosphate is expected to dominate the iron phosphate market, especially in applications like infant cereals and iron supplements. Fertilizers are projected to have a significant share of the market, with India and China driving growth in the Asia-Pacific region. Europe is also expected to see rapid growth due to a focus on sustainable agriculture and a thriving paint and coatings sector.

Major vendors in the global iron phosphate market include The Merck Group, Jost Chemical Co., and LG Energy Solution. Recent developments include the introduction of iron phosphate pricing by Fastmarkets, improving transparency in the battery raw materials market. Market segments include type (ferrous phosphate, ferric pyrophosphate), application (pharmaceutical, food & beverage), and region (North America, Europe, Asia-Pacific).

Spherical Insights forecasts revenue for the global iron phosphate market from 2020 to 2033, across regions like North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Segments include forms like crystal powder and liquid, end-uses such as food & beverage and pharmaceuticals, and types like rolled copper foil and electrodeposited copper foil. Additional reports cover related markets like aquafeed, glue laminated timber, and sodium bicarbonate.



Read more at GlobeNewswire: Global Iron Phosphate Market Size To Worth USD 868.5