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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Calcium Phosphate Market
Request Now !Calcium phosphate is one of the principle minerals found abundantly in nature in various forms, and is formed from a mixture of calcium and phosphorous. It is an essential component of the biological hard tissue in the form of carbonated hydroxyapatite found in significant quantity in teeth and bone, providing them stiffness and hardness. In medical applications, the crystalline structure of calcium phosphates aids in the restructuring of bone minerals. Calcium phosphate acts as leavening agent, and is abundantly used in baked products, condiments, and salts. In addition, it helps to enhance the calcium content, and is widely used in calcium supplements. Moreover, it plays a vital role in preventing and healing calcium deficiencies. The calcium phosphate market is attaining huge recognition across various sectors, owing to burgeoning demands and prerequisites.
The growth of the global calcium phosphate industry is drive by surge in demand for food, dietary, and bakery items to increase the calcium content in food. In addition, increase in literacy rate along with rise in per capita income is expected to create the demand for healthy food products across the globe. Surge in demand for high-quality food products and nutritious edibles to provide fortification of diet or baby foods with calcium, magnesium, iron and phosphorus is projected to have a positive effect on market growth during the forecast timeline. In the pharmaceutical industry, the product is used as a source of mineral and has broad application scope for manufacturing tablets, which is expected to have a positive impact on the growth over the next seven years.
Rise in demand for calcium phosphate in the farming fields, as an essential compound in making of fertilizer, is expected to act as an opportunity for the market expansion during the forecast period. Â Moreover, agriculture is expected to be among the major sectors in emerging regions. Rise in demand for fertilizers, which enhance crop quality and yield, is anticipated to boost the demand for calcium phosphate. Increase in awareness among agricultural companies and farmers about the scientific methods to produce more and increase the return is likely to affect the market positively and is expected to provide new avenues for the growth of this sector. Furthermore, producers endorse numerous approaches, such as alliances, takeovers, and joint ventures, which eventually lead to the inorganic development of the calcium phosphate industry. However, governments of several countries, such as Germany, Spain, and Italy, have implemented stringent environmental regulations prohibiting the use of phosphate-based fertilizers and cosmetics, which are expected to hinder market growth.
Owing to the outbreak of the COVID-19 pandemic, the global calcium phosphate market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from chemical industry to agriculture sector. In addition, recent decline in the chemical industry is one of the key factors that is likely to negatively impact the growth of calcium phosphate market. This has contributed to an imbalance in the economics of supply–demand, causing suppliers and consumers alike to renegotiate supply contracts. However, surge in demand from the pharmaceutical industry for calcium phosphate, owing to the outbreak, is anticipated to augment market growth during the forecast period.
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Calcium Phosphate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Advance Inorganics, Nitta Gelatin India Limited, The Mosaic Company, Merck KGaA, Chemische Fabrik Budenheim KG, Sigma-Aldrich Co. LLC., Timab, Fosfitalia SpA, InnophosHoldings, Inc., Gadot Biochemical Industries Ltd. |
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