Asia Pacific Magnesium Phosphate Market Size, Share & Trends Analysis Report By Form (Dimagnesium Phosphate, Monomagnesium Phosphate, and Trimagnesium Phosphate), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The Asia Pacific Magnesium Phosphate Market would witness market growth of 4.1% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 43,502.10 tonnes, showcasing a growth of 12.7% (2020-2023).

Fertilizers containing magnesium phosphate are essential components of the agricultural sector, offering a vital source of magnesium and phosphorus to promote plant growth and development. Magnesium is a crucial nutrient necessary for chlorophyll formation, photosynthesis, and enzyme activation in plants. Phosphorus, on the other hand, plays a key role in energy transfer, root development, and overall plant metabolism. Consequently, Japan utilized 2,947.24 tonnes of Magnesium Phosphate in Fertilizers in the year 2023.

The China market dominated the Asia Pacific Magnesium Phosphate Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $303.5 Million by 2031. The India market is registering a CAGR of 4.5% during (2024 - 2031). Additionally, The Thailand market would capture a CAGR of 4.6% during (2024 - 2031).

The market is influenced by several prominent trends that shape its trajectory and evolution. These trends reflect shifting consumer preferences, technological advancements, and broader industry dynamics, ultimately driving innovation and market growth. For example, one of the prevailing trends in the market is the growing emphasis on sustainable agriculture practices. As consumers become increasingly conscious of environmental issues and seek out eco-friendly products, the demand for magnesium phosphate-based fertilizers is rising. These fertilizers offer a natural and sustainable alternative to conventional chemical fertilizers, promoting soil health, reducing environmental impact, and meeting the requirements of organic farming standards.

In addition, the adoption of precision agriculture technologies is another notable trend driving the magnesium phosphate market. Precision agriculture enables farmers to optimize resource use, minimize input costs, and maximize crop yields through targeted application of fertilizers, including magnesium phosphate-based formulations. By leveraging data analytics, GPS technology, and sensor-based monitoring systems, farmers can precisely tailor fertilizer applications to specific soil and crop requirements, enhancing efficiency and sustainability.

China's chemical industry has witnessed substantial growth in production capacity for various chemicals, including phosphorus-based compounds used to manufacture magnesium phosphate. With China being a major producer of phosphoric acid, a key raw material for magnesium phosphate production, the expansion of the chemical industry in China contributes to increased availability and supply of phosphorus-based chemicals for magnesium phosphate production worldwide. According to the State Council of the People's Republic of China, the investment in chemical raw materials and product manufacturing surged by 19 percent in 2022, surpassing the average level of all industries by 7.4 percentage points. Thus, the growing chemical and rising animal feed industries in the region propel the market's growth.

Based on Form, the market is segmented into Dimagnesium Phosphate, Monomagnesium Phosphate, and Trimagnesium Phosphate. Based on Application, the market is segmented into Fertilizer, Animal Feed, Detergent, Food, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Thailand, and Rest of Asia Pacific.

List of Key Companies Profiled

Celtic Chemicals Ltd.
Jost Chemical Co.
Anmol Chemicals Private Limited
American Elements
Innophos Holdings, Inc. (One Rock Capital Partners, LLC)
Triveni Interchem Pvt Ltd.
Refractory Minerals Co., Inc.
The Mosaic Company
Nikunj Chemicals
Kronox Lab Sciences Ltd.

Asia Pacific Magnesium Phosphate Market Report Segmentation

By Form (Volume, Tonnes, USD Billion, 2020-2031)

Dimagnesium Phosphate
Monomagnesium Phosphate
Trimagnesium Phosphate

By Application (Volume, Tonnes, USD Billion, 2020-2031)

Fertilizer
Animal Feed
Detergent
Food
Others

By Country (Volume, Tonnes, USD Billion, 2020-2031)

China
Japan
India
South Korea
Australia
Thailand
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Magnesium Phosphate Market, by Form
- 1.4.2Asia Pacific Magnesium Phosphate Market, by Application
- 1.4.3Asia Pacific Magnesium Phosphate Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.Asia Pacific Magnesium Phosphate Market by Form

4.1Asia Pacific Dimagnesium Phosphate Market by Country
4.2Asia Pacific Monomagnesium Phosphate Market by Country
4.3Asia Pacific Trimagnesium Phosphate Market by Country

Chapter 5.Asia Pacific Magnesium Phosphate Market by Application

5.1Asia Pacific Fertilizer Market by Country
5.2Asia Pacific Animal Feed Market by Country
5.3Asia Pacific Detergent Market by Country
5.4Asia Pacific Food Market by Country
5.5Asia Pacific Others Market by Country

Chapter 6.Asia Pacific Magnesium Phosphate Market by Country

6.1China Magnesium Phosphate Market
- 6.1.1China Magnesium Phosphate Market by Form
- 6.1.2China Magnesium Phosphate Market by Application
6.2India Magnesium Phosphate Market
- 6.2.1India Magnesium Phosphate Market by Form
- 6.2.2India Magnesium Phosphate Market by Application
6.3Thailand Magnesium Phosphate Market
- 6.3.1Thailand Magnesium Phosphate Market by Form
- 6.3.2Thailand Magnesium Phosphate Market by Application
6.4Japan Magnesium Phosphate Market
- 6.4.1Japan Magnesium Phosphate Market by Form
- 6.4.2Japan Magnesium Phosphate Market by Application
6.5South Korea Magnesium Phosphate Market
- 6.5.1South Korea Magnesium Phosphate Market by Form
- 6.5.2South Korea Magnesium Phosphate Market by Application
6.6Australia Magnesium Phosphate Market
- 6.6.1Australia Magnesium Phosphate Market by Form
- 6.6.2Australia Magnesium Phosphate Market by Application
6.7Rest of Asia Pacific Magnesium Phosphate Market
- 6.7.1Rest of Asia Pacific Magnesium Phosphate Market by Form
- 6.7.2Rest of Asia Pacific Magnesium Phosphate Market by Application

Chapter 7.Company Profiles

7.1Celtic Chemicals Ltd.
- 7.1.1Company Overview
7.2Jost Chemical Co.
- 7.2.1Company Overview
- 7.2.2SWOT Analysis
7.3Anmol Chemicals Private Limited
- 7.3.1Company Overview
- 7.3.2SWOT Analysis
7.4American Elements
- 7.4.1Company Overview
- 7.4.2SWOT Analysis
7.5Innophos Holdings, Inc. (One Rock Capital Partners, LLC)
- 7.5.1Company Overview
- 7.5.2Recent strategies and developments:
  - 7.5.2.1Partnerships, Collaborations, and Agreements:
- 7.5.3SWOT Analysis
7.6Triveni Interchem Pvt Ltd.
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
7.7Refractory Minerals Co., Inc.
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
7.8The Mosaic Company
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4SWOT Analysis
7.9Nikunj Chemicals
- 7.9.1Company Overview
7.10.Kronox Lab Sciences Ltd.
- 7.10.1Company Overview
- 7.10.2Financial Analysis

LIST OF TABLES

TABLE 1Asia Pacific Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 2Asia Pacific Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 3Asia Pacific Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 4Asia Pacific Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 5Asia Pacific Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 6Asia Pacific Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 7Asia Pacific Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 8Asia Pacific Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 9Asia Pacific Dimagnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 10Asia Pacific Dimagnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 11Asia Pacific Dimagnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 12Asia Pacific Dimagnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 13Asia Pacific Monomagnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 14Asia Pacific Monomagnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 15Asia Pacific Monomagnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 16Asia Pacific Monomagnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 17Asia Pacific Trimagnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 18Asia Pacific Trimagnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 19Asia Pacific Trimagnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 20Asia Pacific Trimagnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 21Asia Pacific Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 22Asia Pacific Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 23Asia Pacific Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 24Asia Pacific Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 25Asia Pacific Fertilizer Market by Country, 2020 - 2023, USD Million
TABLE 26Asia Pacific Fertilizer Market by Country, 2024 - 2031, USD Million
TABLE 27Asia Pacific Fertilizer Market by Country, 2020 - 2023, Tonnes
TABLE 28Asia Pacific Fertilizer Market by Country, 2024 - 2031, Tonnes
TABLE 29Asia Pacific Animal Feed Market by Country, 2020 - 2023, USD Million
TABLE 30Asia Pacific Animal Feed Market by Country, 2024 - 2031, USD Million
TABLE 31Asia Pacific Animal Feed Market by Country, 2020 - 2023, Tonnes
TABLE 32Asia Pacific Animal Feed Market by Country, 2024 - 2031, Tonnes
TABLE 33Asia Pacific Detergent Market by Country, 2020 - 2023, USD Million
TABLE 34Asia Pacific Detergent Market by Country, 2024 - 2031, USD Million
TABLE 35Asia Pacific Detergent Market by Country, 2020 - 2023, Tonnes
TABLE 36Asia Pacific Detergent Market by Country, 2024 - 2031, Tonnes
TABLE 37Asia Pacific Food Market by Country, 2020 - 2023, USD Million
TABLE 38Asia Pacific Food Market by Country, 2024 - 2031, USD Million
TABLE 39Asia Pacific Food Market by Country, 2020 - 2023, Tonnes
TABLE 40Asia Pacific Food Market by Country, 2024 - 2031, Tonnes
TABLE 41Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 42Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 43Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 44Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 45Asia Pacific Magnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 46Asia Pacific Magnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 47Asia Pacific Magnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 48Asia Pacific Magnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 49China Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 50China Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 51China Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 52China Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 53China Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 54China Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 55China Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 56China Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 57China Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 58China Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 59China Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 60China Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 61India Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 62India Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 63India Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 64India Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 65India Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 66India Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 67India Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 68India Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 69India Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 70India Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 71India Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 72India Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 73Thailand Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 74Thailand Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 75Thailand Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 76Thailand Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 77Thailand Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 78Thailand Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 79Thailand Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 80Thailand Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 81Thailand Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 82Thailand Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 83Thailand Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 84Thailand Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 85Japan Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 86Japan Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 87Japan Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 88Japan Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 89Japan Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 90Japan Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 91Japan Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 92Japan Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 93Japan Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 94Japan Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 95Japan Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 96Japan Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 97South Korea Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 98South Korea Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 99South Korea Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 100South Korea Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 101South Korea Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 102South Korea Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 103South Korea Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 104South Korea Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 105South Korea Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 106South Korea Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 107South Korea Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 108South Korea Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 109Australia Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 110Australia Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 111Australia Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 112Australia Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 113Australia Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 114Australia Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 115Australia Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 116Australia Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 117Australia Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 118Australia Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 119Australia Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 120Australia Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 121Rest of Asia Pacific Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 122Rest of Asia Pacific Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 123Rest of Asia Pacific Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 124Rest of Asia Pacific Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 125Rest of Asia Pacific Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 126Rest of Asia Pacific Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 127Rest of Asia Pacific Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 128Rest of Asia Pacific Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 129Rest of Asia Pacific Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 130Rest of Asia Pacific Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 131Rest of Asia Pacific Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 132Rest of Asia Pacific Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 133Key Information - Celtic Chemicals Ltd.
TABLE 134Key Information - Jost Chemical Co.
TABLE 135Key Information - anmol chemicals private limited
TABLE 136Key Information - American Elements
TABLE 137Key Information - Innophos Holdings, Inc.
TABLE 138Key Information - Triveni Interchem Pvt Ltd.
TABLE 139Key Information - Refractory Minerals Co., Inc.
TABLE 140Key Information - The Mosaic Company
TABLE 141Key Information - Nikunj Chemicals
TABLE 142Key Information - Kronox Lab Sciences Ltd.

Asia Pacific Magnesium Phosphate Market Size, Share & Trends Analysis Report By Form (Dimagnesium Phosphate, Monomagnesium Phosphate, and Trimagnesium Phosphate), By Application, By Country and Growth Forecast, 2024 - 2031