Vietnam Phosphate Market

Market Definition:

The Vietnam Phosphate Market was valued at 845.6 Kilo Tons in 2019 and is predicted to reach 1,045.9 Kilo Tons by 2030 with a CAGR of 2.8% from 2020-2030.

Phosphate is a chemical extracted from the phosphoric acid and is essential to plants, animals and human. It is one of the essential nutrients required for the growth of plants as it helps them capture energy from sun and increase their metabolism. With regards to humans, phosphate plays a crucial role in repairing damaged cells, and making the bones and teeth stronger.

Also, it contains the properties of flexibility, softness, waterproof, crack resistance and clarity due to which it is widely used in various industries including food & beverages, agriculture and healthcare.

Market Dynamics and Trends:

Vietnam is one of the fastest growing countries in the world and its economy is mainly dependent on industries such as food, agriculture and textile. The phosphate market in Vietnam shows significant growth due to the constant development in agriculture sector. Agriculture contributes 14% of the country’s economy and this is attributed to factors such as rising demand of agricultural outputs for manufacturing various products such as cloths, bags, food items and wood products along with the presence of fertile agricultural land.

Moreover, industrial growth in the country also fuels the growth of phosphate market as it is widely used in the production of toothpaste, fertilizer, detergents and in the processing of meat products. Growth of the phosphate industry in this country is also propelled by rapid urbanization and large scale investment on industrial infrastructure. Moreover, the ongoing trade war between China and the U.S. has pushed many manufacturing companies to pull out their facilities from China and move to South Asian countries especially in Vietnam.

Therefore, it is expected that the industries in Vietnam would witness growth owing to increase in industrialization as a result of the migration of multinational companies in the countries. This in turn will boost the growth of Vietnam phosphate market.

Market Segmentations and Scope of the Study:

The Vietnam phosphate market is segmented on the basis of type, resource, composition, application and end-user. On the basis of type, the market is categorized into organic and inorganic. On the basis of composition, the market is bifurcated into sedimentary marine deposit, weathered rock, biogenic, and others. On the basis of application, the market is divided into nutritional supplements, fertilizer, meat, carbonated soft drinks, and others. On the basis of end-user, the market is classified into food & beverages, agriculture, pharmaceutical, cosmetics, and others.

Competitive Landscape:

The Vietnam phosphate market consist of a few major players including Pho Binh Trading Co., Ltd., TAN LONG CHEMICAL INDUSTRY JOINT STOCK COMPANY, Apatite Vietnam, DAP2 VINACHEM JSC, GNG Industry and Construction Joint Stock Company, Haphar Co, LTD., ALTA Group, Song Long Fertilizer Company Ltd., Viet Nam Chemical-Pharmaceutical JSC and OCIC CHEMICALS.

KEY BENEFITS:

• The Vietnam phosphate market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the Vietnam phosphate market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the Vietnam phosphate market is provided in the report.

• The competitive analysis of the market players along with their market share in the Vietnam phosphate market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Type

• Organic

• Inorganic

By Composition

• Sedimentary Marine Deposit

• Weathered Rock

• Biogenic

• Others

By Application

• Nutritional Supplements

• Fertilizer

• Meat

• Carbonated Soft Drinks

• Others

By End-User

• Food & Beverages

• Agriculture

• Pharmaceutical

• Cosmetics

•  Others

KEY PLAYERS

• Pho Binh Trading Co., Ltd.
• Tan Long Chemical Industry Joint Stock Company.
• Apatite Vietnam.
• Dap2 Vinachem Jsc.
• GNG Industry and Construction Joint Stock Company.
• Haphar Co, LTD.
• ALTA Group.
• Song Long Fertilizer Company Ltd.
• Viet Nam Chemical-Pharmaceutical JSC.
• Ocic Chemicals.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2019–2030
Base Year Considered	2020
Forecast Period	2020–2030
Market Size Estimation	Kilo Tons
Market Segmentation	By Type (Organic, Inorganic) By Composition (Sedimentary Marine Deposit, Weathered Rock, Biogenic, Others) By Application (Nutritional Supplements, Fertilizer, Meat, Carbonated Soft Drinks, Others) By Application (Retail, Healthcare, BFSI, Transportation & Logistics, Government, Manufacturing, Mining, Other Application) By End-User (Food & Beverages, Agriculture, Pharmaceutical, Cosmetics, Others)
Companies Profiled	Pho Binh Trading Co., Ltd., Tan Long Chemical Industry Joint Stock Company, Apatite Vietnam, Dap2 Vinachem Jsc, GNG Industry and Construction Joint Stock Company, Haphar Co, LTD., ALTA Group, Song Long Fertilizer Company Ltd., Viet Nam Chemical-Pharmaceutical JSC and Ocic Chemicals.