Dicalcium phosphate Market to Grow with a CAGR of 4.43% through 2028
Growing demand of dicalcium phosphate as a polishing agent is expected
to drive the Global Dicalcium Phosphate Market growth in the forecast period,
2024-2028.
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 government based on
dicalcium phosphate has 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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Dicalcium Phosphate Market”
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, 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 the
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 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 competitive landscape and presence of well-established countries in the
market who are dedicated to enhance their productivity of dicalcium phosphate with
every passing year are anticipated to register an impressive growth to 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 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 Global Dicalcium Phosphate Market.
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