Phosphate
The Opportunity in Phosphate
Global demand for phosphate is increasing at a rate of 2 to 3% each year, indicating a phosphate production requirement of 4 to 6 million tonnes per year. New supply is required within the next few years to satisfy this increasing demand..
What is Phosphate?
Phosphate is one of three macronutrients most widely utilized in fertilizers, accounting for 85% of all global phosphate production. Supply is dominated by the Middle East and North Africa, although China is a large supplier of finished phosphate fertilizers (MAP/DAP). High purity phosphate can also be turned into purified phosphoric acid, used in everything from food (human and animal) to electric vehicles.
Uses of Phosphate
Fertilizer Production
Required for plant growth, phosphate is one of the most vital components for plant life, assisting in root formation, plant maturation and seed development.
Preservative
Playing an essential role in the food industry, phosphate additives are used in a wide variety of preservatives and additives
Animal Feed
Phosphate is an essential nutrient in animal diets. Not only does phosphate ensure optimal growth, but it also improves gut function, fertility and aids in bone development.
Fongicides
Fungicides kill or prevent the growth of fungi and their spores. They can be used to control fungi that damage plants, including rusts, mildews and blights. They might also be used to control mold and mildew in other settings.
Water Treatment
Phosphates help reduce corrosion in water mains and have many uses in the treatment of drinking water.
Beauty Industry
Used in formulating bath products, colognes, dentifrices, mouthwashes, hair conditioners, hair dyes and colours, permanent waves, shampoos, makeup and skincare products.
Metallurgy
Phosphate is used as a metal surface treatment in the metallurgical industry.
Advanced Battery Technology
Lithium-Iron-Phosphate (LFP) batteries are gaining greater penetration in the market of electric vehicles. Several large companies are increasing the number of vehicles using these batteries. A constraint on some of the current battery technologies has been the ability to source both an ample and safe supply of the necessary materials to produce these batteries, a challenge that is impacting the industry. In the case of LFP batteries, both iron and phosphate are easier to source and should provide for the substantial growth that is expected to come over the next few years.
