The APAC calcium phosphate market represented over 30% share in 2018 and will show appreciative growth in the coming years. Favorable government guidelines to drive pharmaceutical and agricultural sector will support product penetration.
The increasing levels of water pollution as well as rising industrialization in emerging economies has led to the acceptance of water treatment practices. This trend is increasingly being witnessed across countries such as the U.S., Singapore, Australia, and Israel, mainly to meet the supply & demand gap of water. Favorable government guidelines along with rise in water management activities is likely to generate new growth avenues for calcium phosphate suppliers and manufacturers.
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The calcium phosphate market is anticipated to foresee commendable growth owing to its application across industries such as water treatment, animal feed, pharmaceutical, fertilizer, and food & beverage. Properties of calcium phosphate like high osteoinductivity and solubility help in enhancing both teeth and bone health. Rising number of patients suffering from fracture, homozygous thalassemia, rickets, osteomyelitis, osteoporosis, etc. will boost the use of calcium phosphate in dental care applications.
Below are the key trends stimulating calcium phosphate market size:
Growing demand in pharmaceutical sector
The demand for calcium phosphate-based fillers and binders has grown for making solid oral dosage like hard gelatin pills and compressed tablets. Its characteristics like flowability and compressibility majorly encouraging its acceptance in the pharmaceutical sector.
Rising government expenditure for reinforcing the pharmaceutical sector across developed and developing nations will generate new growth opportunities for calcium phosphate market players.
Growing use of monocalcium phosphate
Monocalcium phosphate is expected to witness a CAGR of over 5% over the forthcoming timeframe. Growing preference for ingredients in food products and increasing demand for fortified and functional consumable items will boost product demand in the coming years.
Furthermore, positive perspective in animal feed applications to increase pet health, livestock, and poultry will propel market growth. The product simplifies the process of metabolism in livestock and poultry, helping strengthen their bone health, reproductive systems, and immunity, and reinstates the mineral deficiencies.
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Rising product demand in F&B industry
The F&B segment in calcium phosphate market represented nearly 20% market share in 2018. Growing demand for bakery products like pies, donuts, breads, cakes, and pastries have driven the need for raising agents like monocalcium phosphate.
Increasing consumption of meat and changes in dietary patterns across developing nations such as China, Brazil, Indonesia, Japan, India, etc. is likely to lay a positive impact on the product demand.
Manufacturers are meanwhile establishing new production plants to increase their supply chain network and boost business share. Factors like development of large agricultural land, mounting economic growth rates, and easily available raw materials will provide profitable growth prospects for companies in calcium phosphate market.
Notable industry players operating in calcium phosphate market include Triveni Chemicals, Prayer Chemische, Mosaic, Fabrik Budenheim, Merck Millipore, A.B. Enterprises, Chemicals Chamber, Advance Inorganics, and Oasis Fine Chemicals among others.
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